We believe we have an obligation to create shared value for all our stakeholders. This is measured as much by the positive legacies we leave in our communities and the people whose lives we enrich as by the superior returns we deliver to our shareholders.
The local communities we operate in are detailed under each of our specific projects, located under ‘Our Assets’.
Evolution has a Community Relations Policy and Community Principles that guide our behaviour when interacting with the community. We welcome feedback at any time about how we are performing against these standards and value any suggestions about how we can improve.
Each of our projects is set amongst vibrant rural communities with their own special qualities and character. Our partnering opportunities and community investments are therefore unique and tailored to the needs of the local community.
Evolution contributes to communities in several ways: local sponsorships, donations and partnerships; training, apprenticeship and scholarship programs; local employment and local procurement; emergency services where we are often first respondents to a local accident or incident; and royalties.
Highlights from some of our community initiatives are detailed in our Annual Community Report.
In FY18 we completed our biennial Stakeholder Perception Study, facilitated by Deloitte, to understand our stakeholders’ key areas of interest and concern and to measure the quality of our relationships. High quality relationships produce more social capital and are a foundation for social licence to operate.
We canvassed the views of 100 key stakeholders and 300 randomly selected members of the public across our five operations. Our Social Licence score was determined by using the Stakeholder 360® research and engagement framework. Evolution was rated in the ‘high approval’ (4.06 out of 5.00) category of social licence, with Deloitte noting that this is a high level of social licence compared to other mining companies. The mean social licence score in over 2,000 cases of social licence studied globally is 3.39.
The study showed that what matters most to our stakeholders is local employment, local procurement and community investment, whilst the key areas of concern are environmental impacts and planning for closure. Each operation identified key actions to address the feedback received. We will report our progress against these actions and ensure we continue our open dialogue with stakeholders and maintain our reputation for transparency. Evolution has procedures to ensure complaints are handled appropriately and are promptly addressed. We share learnings across the business to prevent future similar incidents and we actively work to minimise the number of complaints received.
We are committed to investing in our communities and partnering to achieve meaningful outcomes and to generate shared value. We share the economic benefit by, wherever possible, prioritising local procurement and local employment and training opportunities, particularly for our local indigenous communities.
We make a significant economic contribution to the Australian economy as well as directly within our local communities. In addition to our sponsorships and donations, we collaborate to implement projects that will continue to benefit the community long beyond the life of the mine. These Shared Value Projects will be particularly important for planning for closure and supporting the viability of communities beyond the life of mine which our stakeholders indicated were a very high priority at every operation in our Stakeholder Perception Study.
SOCIAL LICENCE TO OPERATE
RATING FROM STAKEHOLDERS
5 NEW SHARED VALUE PROJECTS
COST OF CULTURAL
RATING FROM STAKEHOLDERS