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14 Independence Group NL
Governance
Governance
Governance
Social
responsibility
Environmental
stewardship
Economic
benefit
IGObenefits
Economic,
environmental&
socialbenefits
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S
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Integrated
decisionmaking
and
innovation
IGO’S PATHWAY TO SUSTAINABLE DEVELOPMENT
Phase
1
A company in which
financial and technical
issues predominate.
Governance issues focus on
legislative compliance.
Senior management’s
focus is on minimising
liabilities and responding to
those external pressures
that have the potential
to damage company
reputation.
A closed culture.
Phase
2
A company whose
management starts to view
environmental and social
aspects as more than just
adjuncts to business.
Moving towards the triple-
bottom-line: accounting for
economic, environmental and
social factors.
Developing systematic
approaches to managing
community, environmental.
health and safety. Approaches
include policies, standards and
performance measures.
Emergence of an open and
transparent culture, including
non-financial public reporting.
Phase
3
A company which has
successfully extended triple-
bottom-line considerations
beyond corporate
management into its
operational areas.
A commitment to a
sustainable development
strategy and continuous
disclosure of sustainability
performance. Company
values and a code of
conduct underpin decision
making.
Adopting integrated risk
management approaches.
Setting stretch performance
targets to minimise
environmental impacts,
reduce waste, and
strengthen community
partnership and trust
through engagement and
openness.
Phase
4
A company that understands
that environmental and
social aspects of business
underwrite growth in the
drive to sustain long-term
stakeholder value.
A company which addresses
sustainability challenges
through innovative
solutions and is responsive
to changing community
expectations.
Environmental and social
considerations are fully
integrated into day-to-day
business decision making.
IGO is here
Economic
growth
Social
responsibility
Environmental
stewardship
Integration
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Long-term shareholder value
Licence to operate
IGO contributing fully to
sustainable development
Integration
FIGURE 2