Our Policy
Newport Mining Limited’s commitment to Corporate Social Responsibility means being accountable for our actions to investors, employees, customers, suppliers, communities, business partners, host governments and others that have a stake in how our company conducts itself. We put our policies into practice everyday as we manage our business to promote sustainable social, environmental and economic benefits wherever Newport Mining Limited operates.
How we behave -
Stakeholder Agreement - Establish relationships with communities, groups and organisations to solicit their input and involvement on critical issues.
Environmental Stewardship - Operate in a safe and environmentally responsible manner and reduce the impact of operations on the environment.
CSR Reporting - Document Social responsibility efforts and report on non-financial performance regularly as a means of measuring progress and advancing shareholder dialogue.
What we invest in -
Community Development - Invest in sustainable programs to improve quality of life in communities in which we live and operate.
Capacity Building - Establish mechanisms that allow communities or governments to develop and sustain themselves through their own human capital.
Education & Training - Provide programs and learning opportunities to develop skilled competitive workforces.
What we influence/promote -
Human Rights - Respect and protect fundamental human and worker rights in accordance with the United Nations Universal Declaration of Human Rights.
Rule of Law - Respect local laws and promote the principles of justice, fairness and equality wherever we operate.
Transparency - Promote openness in all business dealings, especially records and revenue flow, through co-operation and dialogue among producing countries and companies.
What we believe in -
Code of Business Conduct - Conduct our business with honesty and integrity, maintaining ethical behaviour in all our operations.
Core Values - The foundation of how Newport Mining approaches all its business dealings - values that we strive to fulfil everyday. These values include Health and Safety, Environmental Stewardship, Honesty & Integrity, Corporate Social Responsibility and High Performance Team Culture.
Making a Difference
Building Our Business...Leaving a Legacy
Promoting the health and vitality of the communities in which we operate... it's not just the right thing to do; it's also the smart thing to do.
When we partner with host countries and local organisations to build a competitive workforce, foster favourable operating conditions and support sustainable systems, we generate long-term value not only for our assets but also for the communities in which we work and live.
Our Global Community
With our mining operations expanding throughout the world, Newport Mining Limited plays an increasingly vital role on the global stage. The company is actively involved with a broad range of industry organisations, non-governmental organisation (NGO) partners and issue-based coalitions. Through leadership, participation and financial support, Newport Mining Limited is living its values within the international community.
- Newport Mining Limited is a partner in the Global Gas Flaring Reduction Partnership, which includes a standard to eliminate venting and reduce flaring of associated gas.
- The Company promotes the goals and principles of the United Nations (U.N.) Declaration of Human Rights through participation in the Voluntary Principles on Security and Human Rights. This international initiative guides extractive and energy companies in maintaining the safety and security of their operations globally within an operating framework that ensures respect for human rights and fundamental freedoms.
- Newport Mining Limited supports the Extractive Industries Transparency Initiative (EITI), which encourages governments, extractive companies, international organisations, non-governmental organisations and others to work together to develop a framework to promote transparency of payments and revenues via aggregated reporting.
Health, Environment, Safety and Security
Newport Mining Limited recognises that the ability to do business in any community is a privilege. High standards of health, environmental, safety (HES) and security performance underpin a culture of continual improvement that includes:
- A comprehensive HES policy and associated performance principles, overseen by the Corporate Governance and Nominating Committee of Newport Mining Limited’s Board of Directors.
- A broad Corporate Social Responsibility (CSR) policy that affirms a continuing commitment to our core values and which promotes sustainable social, environmental and economic benefits wherever Newport Mining Limited operates.
- Overall guidance is provided by a Corporate Responsibility (HES) Management Committee. This is a senior level committee comprised of Newport Mining Limited officers, who are responsible for reviewing the overall performance of various environmental compliance programs and other HES- and CSR-related initiatives, as well as establishing annual goals and direction.
- Use of integrated HES Management Systems: the Global Performance System for Upstream operations and the Responsible Care Management System for Downstream operations. This management system framework drives continual HES improvement throughout the Company.
- Metrics integral to our corporate and operational safety and environmental performance commitments.
Philanthropy
Newport Mining Limited understands that our reputation as a responsible corporate citizen is essential to our continued success. By being responsive to the needs and interests of our employees, neighbours and community stakeholders, the Company is able to provide sustainable benefits to the communities where we operate.
The Newport Mining Foundation grants are awarded to non-profit organisations whose programs operate within health and human services, civic and community, environmental and social needs, primarily in the major employing locations of Newport Mining Limited.
The Newport Mining Foundation and Corporate Contributions Committee review grant requests that focus on:
Health and Human Services
Newport Mining Limited provides a number of direct capital and operating grants to the United Way and other health and human service organizations.
Education
Our educational grants focus on higher education through direct grants to colleges and universities for operating, project, capital and scholarship needs. Preference is given to institutions that have strong programs in engineering, geology, science and business. Educational programs also include scholarships for sons and daughters of Newport Mining Limited and its affiliates' employees and a matching gift program for colleges and universities.
Civic and Community
These grants support environmental, public policy, business and community organisations which focus on preserving the environment, promoting the betterment of the diverse communities where we operate and supporting issues that relate to the interests of the Company. |