Forbes Just 100 2019: Freeport-McMoRan Recognized as Leader In Just Behavior

By Maggie McGrath, Forbes Staff

Excerpt:

In ranking the 2019 Just 100, Forbes and Just Capital analyzed America’s largest publicly-traded companies based on how they performed in seven key areas: worker treatment, customer treatment, product quality, environmental impact, community treatment, job creation and quality of leadership. This number-crunching didn’t only create a top 100 overall; each of these seven categories has, within it, a top 100. Here’s a look at the Just 100 members that cracked the top spot in each of these categories:

#1 in community treatment: Freeport-McMoRan

In 2016, the copper giant spent $500 million building water supply and sewage treatment plants near its mine in Arequipa, Peru, a city of 860,000 which had been dumping its raw sewage into a nearby river. In 2016, Freeport tripled milling capacity at its mine there. Bill Cobb, head of business sustainability, candidly describes the sewage plant as a way to capture a “social license to operate” the enlarged mine and notes that the expansion wasn’t stymied by protests–a growing problem for mining projects around the world.

 

To see the full 100 and sort by category, click here. And for everything else Just 100-related, visit JustCapital.com.

This article originally appeared in Forbes on December 10, 2018.