Anglo American ties safety to managers promotions
Date: 16 Apr 2008
Anglo American has ramped up its programme to achieve zero deaths in accidents at its mines with an initiative to tie manager's promotion to the accomplishment of health and safety targets.
The announcement, made by group chairman Mark Moody-Stuart at the company's annual general meeting, underlined the intention to achieve a change in corporate culture. The most recent year saw 40 deaths at Anglo American's operations - down from 44 the previous year.
Chief executive Cynthia Carroll said that they would no longer accept a gradual approach - the company needed to achieve a step change in performance.
The company also faces other social responsibility challenges. Campaigning NGO ActionAid recently attacked Angloplat's programme to relocate 10,000 people for its platinum mine. The company said that it had aimed to achieve relocations in ways that genuinely improved the quality of life of the people affected.
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In a recent article, the BBC's economics editor Robert Peston highlighted the fact that in 2012 the chances are that the economy - punch drunk as it is from the various flavours of debt crisis it has been pummelled with over the course of the year - will be hit by the collapse of a major bank and / or government.
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