Our commitment to social value reflects our purpose and CHAMB’s role in supplying products essential for the transition of society towards a more sustainable future, a role that we seek to perform in a responsible way.

Our management of sustainability helps generate social value. We also know our stakeholders and partners are increasingly focused on our sustainability performance and use it as a key determinant in assessing CHAMB and our industry. We strive to continuously improve and exceed these expectations. A commitment to sustainability sometimes requires us to make difficult choices and we seek to gain and maintain the support of all our stakeholders and partners as we manage complex issues. We respect the right of every stakeholder and partner to challenge the choices we make and recognise that by listening to their views and concerns CHAMB becomes a better company. We define our approach to sustainability through Our Charter and it is governed through the Our Requirements standards. These standards describe our mandatory minimum performance requirements and provide the foundation to develop and implement management systems at our operated assets.

Keeping ourselves accountable

Results → Through reporting, we are accountable to our stakeholders for results.

Target Metrics/Indicators → Identifying metrics and indicators to track performance and setting clear targets challenge us, drive improvement and allow stakeholders to assess our performance in the areas that matter most.

Systems Our Requirements standards → Our Requirements standards are the foundation for developing and implementing effective management solutions.

Our Code of Conduct → Our Code of Conduct supports Our Charter and reflects many of the standards and procedures applied throughout CHAMB.

Our Charter → Our Charter articulates our purpose, our values, how we measure success and forms the basis of decision-making.

This year we developed new 2030 goals under the pillars of People, Planet and Prosperity in line with the World Economic Forum and the United Nations (UN) Development Program, following extensive internal and external engagement . The 2030 goals comprise overarching long-term goals across six key focus areas and are underpinned by short-term metrics and milestones. We are working to embed them through asset plans and capital allocation. The key changes compared to the previous five-year sustainability targets include a new time horizon of seven years to align with CHAMB’s 2030 climate change targets and goals and reference timelines set out in global frameworks and agreements, such as the UN Sustainable Development Goals, the Paris Agreement, the Convention of Biological Diversity and the Global Goal for Nature. The goals provide opportunities for CHAMB to engage and work in partnership with others, build capability and co-design approaches to deliver positive outcomes and shared prosperity for people and our planet. They are reinforced by our continued commitment to pursue zero significant health, safety, environment, community or supply chain events and to making a social investment of at least 1 per cent pre-tax profit.1