MEDIA

Ambatovy Wins the Syncrude Award for Excellence in Sustainable Development

Ambatovy has won the 2015 Syncrude Award for Excellence in Sustainable Development for having successfully implemented a range of solutions for sustainable development in Madagascar. The award, issued by the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), acknowledges companies or individuals that are “active seekers of sustainability solutions.” At a ceremony in Montreal on May 11, 2015, Sherritt International, Ambatovy’s operator, received this award.

Ambatovy strives for sustainable development in the communities where it operates as well as in its host country through the implementation of several programs, including a biodiversity management program that targets “no net loss”; a “buy locally, hire locally” policy that is supported by leading-edge initiatives; agricultural skills training for more than 18, 000 people from local communities, developmental partnerships with international organizations; and innovative archaeological and retrenchment programs.

The Syncrude Award is the fourth sustainability award Ambatovy has received in the past 18 months. The other awards include:

  • Nedbank Capital Sustainable Business Award for Ambatovy’s biodiversity program
  • Excellence in Corporate Responsibility Award in the social enterprise creation category for the Ambatovy Local Business Initiative
  • UNAID’s Good Practice Award for Ambatovy’s contribution to the fight against HIV/AIDS in Madagascar.

As outlined in its Sustainability Framework, Ambatovy is committed to providing a safe and rewarding workplace, working ethically, demonstrating environmental responsibility, engaging stakeholders and benefiting communities.