Sustainability at Sandfire Resources

“We like ACCSR’s capacity building approach. ACCSR pushes us to improve our approach and we liked participating in their social licence workshop in Perth. Having ACCSR’s detailed review of the sustainability report led to a high quality report. The benchmarking was fantastic and we couldn’t have got our grievance mechanism off the ground without it.”
Colleen Farley, Commercial Services & Sustainability Officer, Sandfire Resources

Our engagement began in 2015 with helping Sandfire Resources (ASX:SFR) complete its first submission to the Carbon Disclosure Project (CDP) and produce its first sustainability report. This yielded immediate benefits as the company was recognised by the CDP as a finalist for the best climate disclosure by a new company in Australia and its report was a finalist in the Australasian Reporting Awards.

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The Client Challenge

The challenge for Sandfire in 2016 was to take its sustainability performance to the next level to meet the growing expectations of its stakeholders. With a planned program rolled out over the year, we reviewed and updated Sandfire’s policies to incorporate sustainability. A key focus was the development of new policies on sustainable procurement, indigenous rights and human rights, including a community grievance mechanism.

Our Approach

We supported Sandfire with its second CDP submission, working collaboratively to consolidate the data collection process and set goals. In order to be an industry leader, an organisation must understand how it is viewed in the eyes of its stakeholders. With this in mind, we engaged Sandfire’s external stakeholders to get their feedback on the company’s reporting effectiveness, material issues and opportunities for improving performance. This information was central in shaping Sandfire’s second sustainability report.

In 2016, Sandfire received improved ratings by ESG analysts, improved its internal data management processes, developed sustainability KPIs, and strengthened its understanding of its material impacts.

See Sandfire’s 2016 Sustainability Report

See Sandfire’s 2015 Sustainability report here