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Hydro becomes a member of the renowned ICMM industry group

Hydro has been accepted as a member by the International Council for Mining and Metals (ICMM), a global organization that promotes sustainable business practice.

& nbsp; With the acquisition of extensive bauxite and alumina activities in Brazil earlier this year, Hydro has become more involved in the raw materials sector of the aluminum industry. The application for membership in the ICMM is the result of this development.

"As a look at our 105-year history shows, Hydro's goals are to contribute to the sustainability of society by developing natural resources and products in an innovative, efficient way," says Svein Richard Brandtzæg, Hydro CEO.

Brandtzæg was welcomed together with Areva, the largest uranium mining company in the world, by the CEO Council of the ICMM in Barcelona on Wednesday, “Hydro's move into the bauxite mining business in Brazil offers us new opportunities and challenges. I hope and believe that ICMM is an excellent platform for exchange and learning. Membership will help meet new challenges and ensure that our industry continues to develop responsibly in a sustainable manner. I look forward to our participation in this important organization. ”

"We are pleased that Areva and Hydro are now ICMM members," said Richard Adkerson, CEO of Freeport McMoRan and chair of the ICMM.

"It not only shows the commitment of these two companies to the principles of sustainability, but also the increasingly important role of ICMM to address the challenges that the companies face.

ICMM was founded in 2001. This was a result of the Global Mining Initiative (GMI), a project to raise sustainability issues related to the mining and metal industries. ICMM's vision is a "sustainable mining, mineral and metal industry, which is widely regarded as essential for modern life and as an important contributor to sustainable development." & Nbsp;

The continuous improvement of production standards in the mining and metal industry is currently the most important concern of ICMM. This also includes taking new global issues into account, such as responsible search for raw materials, management of materials, development of local communities, distribution of wealth, consideration of climate change and conservation of biodiversity.

Including Areva and Hydro, 20 mining and metal companies are members of ICMM. Rio Tinto Alcan, BHP Billiton and Vale are currently among the most important western aluminum companies. There are also 30 associated organizations, such as the International Aluminum Institute (IAI), European Aluminum Association (EAA) and Extractive Industries Transparency Initiative (EITI).

Hydro had to go through a rigorous application and admission process to ensure compliance with all ICMM standards.

ICMM expects its members to comply with and report on 10 guiding principles to promote sustainable development. The organization has come to the conclusion that Hydros basic principles of corporate social responsibility (CSR) and occupational safety (HSE, health, safety and environment) meet these requirements.

This text is machine translated. To view the original German text, click on DE on the top right of this window

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