Sustainability
External Recognition
WMC Stakeholder Perception Index
In 2004, WMC began the development of an annual stakeholder index - built on regular community, investor, employee and public surveys around core organisational capacity measures. Without an existing model to adapt, WMC created the index from the ground up - aligning the four organisational capacity measures - management, operational, communication and compliance & ethics- with WMC's code of conduct and overall business plan (see table below).
The first annual index is targeted to be produced in July 2005, drawing together
results across stakeholder groups under these four capacity areas.
The results of the index will be reported annually through WMC's sustainability
noticeboard and will provide a organisational driver to better target
stakeholder programs. The community surveys, reported in our 2004
community performance section, contain the results, compiled under
this index approach from community surveys in Kalgoorlie and Mt Isa.
WMC Stakeholder Index - Organisational capacity measures:
| Strategic capability |
WMC demonstrates clear strategic planning and management capability. |
| Financial management |
WMC demonstrates a high level of competence in financial management. |
| Risk management |
WMC appropriately identifies and manages business and operational risks. |
| Operational Management |
WMC operates its operations to maximise performance and minimise impacts. |
| Environmental Management |
WMC acts to minimise impact and maximise environmental benefits. |
| Health and Safety Management |
WMC takes the health and safety of its workforce and host communities seriously. |
| Communication |
WMC is open, honest and transparent in all its communications. |
| Responsiveness |
WMC is responsive to stakeholder concerns and communications. |
| Stakeholder Relationships |
WMC enjoys positive stakeholder relationships, awareness and trust |
| Consultation |
WMC consults on all appropriate aspects of its business strategy and operations. |
| Compliance |
WMC respects and complies with laws and regulations governing its activities. |
| Ethical behaviour |
WMC employees behave in an ethical and responsible manner in all dealings. |
| Accountability |
WMC demonstrates accountable for its actions and their consequences. |
| Employment |
WMC is fair, offers equal opportunity and is an employer of choice. |
Dow Jones Sustainability Index (DJSI)
The Dow Jones Sustainability Index provides an objective benchmark of corporate sustainability that is used by a variety of international fund managers and investors. The DJSI follows a ‘best-in-class’ approach comprising the sustainability leaders from each industry. The 2,500 largest capitalized companies in the Dow Jones Global Index are eligible for consideration. Categorized into 60 DJSI industry groups, companies are assessed in line with general and industry-specific criteria. On an annual basis, they are compared against their peers and ranked accordingly. Only the leading companies are included in the DJSI.
In September 2004, WMC was included as a sustainability leader in the DJSI industry group on Mining for the fifth consecutive year. With a maximum of four companies being assessed and selected in the DJSI industry group on mining, this recognises WMC's sustainability performance alongside other sector leaders:- Rio Tinto plc, Anglo American plc and BHP Billiton Group.
For further information on DSJI:
2004/2005
