Responsibility management
At Terrafame, sustainability is more than just the small carbon footprint of battery chemicals.
We are seeking a strong culture of doing things right throughout our value chain. We have integrated sustainability into business operations which, for us, means taking responsibility for the climate and other environmental impacts, for the occupational safety and health of all the people working on the industrial site and for stakeholders, as well as adhering to corporate governance.
Practices are based on international initiatives and principles
Our sustainability activities are based on the policies and operating principles of Finnish Minerals Group and those of Terrafame. Our operations are guided by the following international key initiatives and principles:
- UN Universal Declaration of Human Rights
- UN Guiding Principles on Business and Human Rights
- ILO Declaration on Fundamental Principles and Rights at Work
- OECD Guidelines for Multinational Enterprises
- OECD Due Diligence Guidance for Responsible Business Conduct
- UN Global Compact initiative
- UN Sustainable Development Goals.
In addition, we are committed to the TSM Finland responsible mining system, and we address, where applicable, the requirements of the valid Corporate Governance Code prepared by the Finnish Securities Market Association. Terrafame is also a member of Finnish Business & Society (FIBS), the largest corporate responsibility network in the Nordic countries.
Sustainability concerns everyone
The Board of Directors, who is responsible for the adoption of the company’s operating principles, is also responsible for the organisation and integration of corporate responsibility management within Terrafame’s business operations. The CEO is responsible for the implementation of the operating principles. However, we are all responsible for operating sustainably. Terrafame’s employees and partners, as well as its suppliers of services and materials, must comply with the company’s Code of Conduct and the principles of its Sustainability Policy. Their implementation is supported by the company’s certified management systems and more detailed operating guidelines.
Sustainability promise
The goal of Terrafame's sustainability activities is crystallised in the sustainability promise, in which the company commits to creating a sustainable battery chemicals value chain and combating climate change with its customers. The objectives of responsibility activities support the company’s strategic goal to become one of the most cost-effective and sustainable producers of battery chemicals in the industry.
