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 recently refreshed Sustainability Strategy and Roadmap, 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.

Our Sustainability Strategy also embeds sustainability engagement and outcomes across Orica. We are focusing on the areas that matter most to our business and our stakeholders and where we have the expertise to make the greatest impact.

 

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

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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. Each year, we perform a materiality assessment to understand the topics that matter most to our stakeholders. The results inform our strategy, public sustainability targets and external reporting. Our materiality assessment is aligned with the International Integrated Reporting <IR> Framework to ensure we prioritise 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 30 material topics, with our most material topics in bold below.

Business Performance 
Customer & Product
Operating Responsibly
People & Culture
Community
Climate & Environment
Business Resilience Product Safety and Security Safety Corporate Culture Community Engagement Environmental Risk & Compliance
Economic Performance Product Quality and Performance Ethical Business Conduct Talent Attraction, Retention and Development Disaster Response and Crisis Management Greenhouse Gas Emissions
Transition to a Low Carbon Economy Customer Experience Corporate Governance Employee Health and Wellbeing Indigenous / First Peoples Engagement Circularity and Resource Efficiency
Technology Investment and Innovation Innovative Sustainable Solutions Cyber Security Diversity and Inclusions Community Investment Biodiversity
Adaptation to Climate Change   Human Rights      
Energy Affordability   Responsible Sourcing      
    Information Transparency      
    Tax Transparency      
    Executive Remuneration      

 

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.   

How we create value

We leverage our experience in technology development, and our talented workforce, to advance our core products and services and innovate industry-leading, digital and automated technologies across the mining value chain, from mine-to-mill. 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 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 model is based on the <IR> framework and focuses on the key inputs and activities that lead to the outcomes aligned with achieving our vision of becoming the world’s leading mining and infrastructure solutions company.

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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.

Our material topics have been mapped against the SDGs to determine which goals best reflect our business context and strategy, capabilities and key risks and impacts across our value chain, with six SDGs identified as a priority. The SDG goals and targets have informed our sustainability strategy and are mapped against our sustainability pillars.

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