Freeport-McMoRan’s Principles of Business Conduct (PBC) highlight our core values of SAFETY, RESPECT, INTEGRITY, EXCELLENCE and COMMITMENT, and they help guide how we do business, from top-level management to entry-level employees. The PBC sets forth a variety of business principles, from promoting a safe workplace to complying with laws and avoiding conflicts of interest to developing positive relationships with local communities. Freeport-McMoRan and its affiliates have established multiple mechanisms for employees and other stakeholders to report concerns regarding potential violations of the PBC. One of the primary mechanisms is the Freeport-McMoRan Compliance Line, a phone system managed by an independent third party that allows for anonymous reporting. In addition, we offer a web-based reporting system, also operated by a third party, along with an option for direct email to our Compliance Department. These accessible channels complement our long-established community and human rights grievance systems that collectively support our implementation of the UN Guiding Principles on Business and Human Rights. By providing multiple reporting mechanisms, including anonymous communications, our workforce is encouraged to Speak Up if something violates, or could possibly violate, our PBC.
In 2018, we continued a project to review our employee and community grievance management procedures against the effectiveness criteria outlined in the UN Guiding Principles (i.e. legitimate, accessible, predictable, equitable, transparent, rights-compatible, a source of continuous learning, and based on engagement and dialogue). As part of this process, we engaged with a set of employees via an optional survey accompanying our global, web-based PBC training. When presented with the various options for raising questions or concerns, the majority of both managers and non-managers indicated that they would be most likely to reach out to either their supervisor or site-level human resources. Over 95 percent of respondents indicated they were confident the company would protect them from retaliation should they raise a concern in good faith. When asked how we could make employees feel more comfortable using these resources, the majority of respondents identified the importance of accountability and emphasized consistent and open communication via a variety of mechanisms.
During 2018, we revised the Freeport-McMoRan Supplier Code of Conduct, which sets forth our expectations for our supply chain partners in areas such as safety, respect for human rights, anti-corruption, community and environment. These policies, along with external standards and initiatives, form the overall framework that guides our sustainability programs. Supporting this framework are internal governance and management systems that detail how we operate.
PHOTO DESCRIPTIONS: (top) Our Principles of Business Conduct continues to reflect the company's commitment to doing what is right, from top-level management to entry-level employees. (bottom) Freeport-McMoRan is committed to a workplace where everyone follows the PBC and is encouraged to speak up and share ideas. When we ‘Speak Up’ we find strength in our core values.