An Integrated Approach to Sustainability
Tronox is a global leader in the mining, production and marketing of inorganic minerals and chemicals. Our business requires an unwavering focus on sustainable operating practices in every sense of the word. We believe we must operate both profitably and sustainably, and we believe these goals are complementary, not in opposition. Our commitment to sustainability supports our overall vision and strategy to be the world’s leading vertically integrated TiO2 producer.
Therefore, we integrate sustainability into every aspect of our business—from our culture and our strategy to our operating practices—and we set objectives and communicate our progress to our stakeholders, which include employees and prospective employees, investors, customers, suppliers, communities, governments and regulatory bodies.
Sustainable operations enable us to better control costs and manage our environmental footprint. Sustainability also encompasses providing our employees with a safe, diverse workplace and offering them opportunities to grow and develop. Ultimately, safe, environmentally sustainable operations demonstrates our respect for our communities and supports our continued privilege to operate.
We continue to improve our reporting to our stakeholders to ensure transparency in our efforts to maintain safe, reliable and responsible facilities. We follow guidance from a range of voluntary global initiatives to address our sustainability impact more thoroughly. Starting with our 2020 Sustainability Report, we have added additional disclosures on climate-related risks in accordance with the Taskforce on Climate-Related Financial Disclosures, as well as aligned our reporting to the Sustainability Accounting Standards Board (SASB) standards.
To view our current and archive sustainability reports, click here.
Sustainability Commitments and Initiatives
Sustainability plays an integral role in the execution of Tronox’s corporate strategy. Our sustainability goals leverage our global footprint for good, including clear commitments to achieving our goals in a way that supports a sustainable business and the United Nations Sustainable Development Goals (SDGs).
In 2020, we mapped our long-term goals to the SDGs. The SDGs that Tronox can have the most impact upon are:
In 2021, Tronox became a signatory of the United Nations Global Compact, committing to the Ten Principles of the United Nations Global Compact (UNGC) in the areas of Human Rights, Labor, Environment and Anti-Corruption. Our commitment to the UNGC is indicative of our values-oriented corporate culture and determination to improve the sustainability of our business with the SDGs.
Our top priority is to grow our business and to do it in a way that creates lasting value for all Tronox stakeholders while preserving our privielge to operate globally. We have strengthened our commitment to sustainability in several clear and tangible ways:
- Analyzed our carbon footprint and ways to reduce it, allowing us to outline how we intend to align our business to a 2° centigrade global warming scenario and meet the global challenge of achieving “net zero” emissions by 2050.
- Amended our executive compensation plans so that 5 percent of our annual bonus is now based on achieving an objective annual carbon emission reduction target.
- Established internal Centers of Excellence focused on carbon neutrality, waste, and diversity, equality and inclusion (DEI).
- Launched a Global Sustainability Council that is charged with supporting the Executive Leadership team and the Board of Directors to make informed decisions on sustainability strategy.
Our Operating Practices
As a global leader, Tronox and its approximately 6,500 employees appreciate that the mark we leave extends beyond the minerals we extract or the pigment we manufacture. It is about the way we do business and the example we set. We take a proactive approach to manage the risks associated with our business, and we ensure a brighter future for our customers, communities, employees, and shareholders.
Our approach to being a good corporate citizen focuses on proactive global initiatives in the following areas:
- Leading with Safety
- Progressing our Environmental Stewardship
- Supporting Health and Wellness
- Developing and Attracting High-Performance Talent
- Fostering Steadfast Expectation of Human Rights
- Investing in the Next Generation
Managing our Environmental Impact
Our environmental stewardship begins with the end in mind. We use innovative technologies and practices to ensure responsible operations that protect our land, water, air and ecosystems today, then rehabilitate our land to preserve the earth’s scarce resources and biodiversity for the future – because we only have one planet.
As a mining and chemicals manufacturing company, we must do all we can to protect our environment. We disturb the ground to extract minerals and ore, we use large quantities of water in mineral separation, we emit carbon dioxide when we beneficiate ilmenite into titanium slag or synthetic rutile in our furnaces/kiln, we emit carbon dioxide and other gases from our TiO2 pigment plants, and we dispose of waste tailings from our mines and solid waste from our pigment plants.
That is why we strive to set an example of accountability and proactively approach environmental stewardship as an essential component of our business. Tronox supports the precautionary approach to evaluate and address potential environmental impacts as part of our Code of Ethics and Business Conduct. Additionally, we continually look for ways to refine our strategy and determine new ways to enhance the value of our vertical integration model. By doing this in a responsible way, we ensure resilience in the face of environmental and global changes for our employees, the communities in which we operate, and our customers.
Our ultimate goal is to become the industry-wide standard bearer for sustainability. We will get there by staying true to our approach to make intentional, well-planned steps forward to achieve our sustainability targets while living up to our core brand promise of delivering “safe, quality, low-cost, sustainable tons” of titanium dioxide (TiO2), zircon and other valuable industrial products.