Our Sustainability Approach

Sustainability is integral to our operations. Our approach begins with ensuring we operate our business responsibly, and by prioritising the safety of our people, customers, and communities. We are also in a unique position to leverage our expertise and technology to create safer and more sustainable solutions and deliver positive economic, social, and environmental contributions through our business activities.

Orica has an important role to play in protecting the environment and addressing climate change by minimising our environmental footprint and delivering commercially beneficial solutions for our customers that help them achieve their sustainability goals.

Guided by our Sustainability Strategy , we are collaborating with our customers and other stakeholders to find solutions to our industry’s biggest challenges and move towards a lower-carbon future, together. We are focused on mobilising the materials, metals and minerals that are required to help the global economy grow and transition to net zero emissions, advancing technology and innovation across the mining value chain and accelerating our decarbonisation. A core pillar of our strategy is our stated ambition to achieve net zero emissions by 2050.

 

Please click here to see how sustainability-linked loans incentivise our sustainability performance.

 

Sustainability on a page [new targets]


Addressing the issues that matter most

We are improving our sustainability performance but acknowledge there is much to do and will continue evolving our approach. We perform a materiality assessment periodically to understand the topics that matter most to our stakeholders. The results inform our strategy, public sustainability targets and external reporting. Our materiality assessment prioritises sustainability topics which can substantively affect Orica’s ability to create enterprise value and are most relevant to our stakeholders.

We proactively engage and collaborate with a diverse set of stakeholders around the world that express an interest in our business. We are focused on building long-term relationships based on trust and transparency to both support the delivery of our business strategy and create long-term value.   

Our latest materiality assessment prioritises over 20 material topics, with our most material topics in bold below.

  • Product safety and security
  • Safety
  • Financial performance
  • Environmental risk and compliance
  • Business and portfolio resilience
  • Climate change and transition
  • Corporate governance and transparency
  • Business ethics
  • Product stewardship
  • Innovation, technology and sustainable solutions
  • First nations engagement and cultural heritage
  • Customer experience
  • Cyber security
  • Human rights
  • Occupational health and safety
  • Community engagement and impact
  • Disaster response and crisis management
  • Talent acquisition, retention and development
  • Diversity, equity and inclusion
  • Responsible sourcing and supply chain management
  • Executive remuneration 
  • Circularity and resource efficiency
  • Nature and biodiversity
 

How we create value

With nearly 150 years of experience in technology development and talented people, we seek to advance our core blasting products and services and innovate industry leading digital and automated technologies. The execution of our strategy and investment in growth opportunities is enabled through access to financial capital, optimising the use of natural resources, and the strength of our people and global manufacturing and supply network. We proactively collaborate with stakeholders including customers, industry partners and research bodies to drive sustainable growth, contribute to communities and solve shared challenges.

Our risk appetite guides our strategic decision-making, supporting the allocation of assets and resources.

Orica’s value creation process is based on the International Integrated Reporting (IR) Framework with a focus on the key inputs and activities that deliver outcomes aligned with our vision to become the world’s leading mining and infrastructure solutions company.

Orica How We Create Value Infographic S1

 

Supporting the United Nations Sustainable Development Goals

The United Nations Sustainable Development Goals (SDGs) are a set of 17 interconnected goals that form a global benchmark for achieving a sustainable future for all. We are committed to the SDGs, and our role in advancing them. The SDG goals and targets have informed our sustainability strategy.