Engaging Stakeholders and Benefitting Communities
Spirit of Sherritt Program
In 2017, Sherritt’s Fort Site implemented the Spirit of Sherritt program, which is composed of two initiatives: the Giving Program and the Volunteer Program.
Effective stakeholder engagement enables us to build and strengthen social license. It is crucial for building mutual understanding, support and benefits with host communities, governments, workers and business partners. For mining and energy companies like ours to be truly sustainable, we must establish and maintain productive relationships with our stakeholders and maximize the shared benefits of our activities. That is what contributes to long-term prosperity and positions those that do it well to be the partner of choice.
We take a thoughtful, sincere and ethical approach to engaging stakeholders and catalyzing the development of sustainable communities. We recognize that a significant part of our role is to help build human and institutional capacity wherever we operate so that local communities can achieve their development goals.
In 2017, we:
- Participated in more than 1,300 community meetings and 260 government meetings across Sherritt.
- Recorded a more than 18% drop in the number of community grievances filed compared to the previous year, due in large part to successfully addressing the longer-term impacts of Ambatovy’s construction activities and reaching operations stage.
- Recorded four incidents with the potential to affect our social license, one of which was an environmental incident. The remainder involved worker and public safety incidents or near hits. Ten such incidents were recorded in 2016.
- Implemented enterprise-wide standards for stakeholder engagement and community investment.
- Signed a three-year partnership with UNICEF in Cuba on road safety for children.
- Our operations generated more than $840 million in economic benefits to host communities and countries.