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Performance against KPIs

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Corporate social investment

Anglo American and its managed subsidiaries and joint ventures contributed $76.2 million (1.11% of pre-tax profit) to charitable causes and community development initiatives in 2008 compared with $60.5 million (0.70% of pre-tax profit) in 2007. These figures include cash donations, gifts in kind and staff time spent delivering community benefit programmes.

In 2008, the geographical distribution of social investment was 69% in Africa; 22% in the Americas, 1% in Australia and Asia, 7% in the UK and Europe and 1% in other countries.

In addition, two independent trusts, Optima and Epoch, have been endowed by Anglo American to raise standards of maths and science teaching in South African schools. These contributed an additional $10 million in 2008.

The majority of the Company’s social investment is undertaken at site level and is informed by stakeholder inputs through the implementation of the SEAT process.

At a national level, the Anglo American Chairman’s Fund, the Group’s main social investment vehicle in South Africa, was rated for the eighth year in succession as the top corporate giver by NGOs and peer group companies. In 2008, it supported more than 250 projects. Among the activities backed by the Fund were the Leratong Hospice in the communities of Atteridgeville and Saulsville, west of Pretoria; the world class work of the Aurum Institute for Health to support its work on the treatment and prevention of HIV and TB infection; and the expansion of the African Institute of Mathematical Sciences in Cape Town.

The Anglo American Group Foundation, based in the UK, has a global remit to support innovative projects which support development, combat poverty, promote education and health provision and environmental objectives. The various causes supported by the Foundation during 2008 included projects with CARE International in Lesotho, Brazil and Zimbabwe; Children of the Andes for its work in Colombia; Sightsavers International for an eye-care clinic in Guinea; Caring for Congolese Children; Pro Mujer working with women in Peru on a micro-loan programme; and the MicroLoan Foundation in Namibia on a micro-enterprise programme.

Within the UK, the Foundation continued to support the homeless and other disadvantaged groups in central London through working with the Connection at St Martin’s, Centrepoint, Fairbridge, Skillforce and other similar charities. Particular focus has also been placed on education in engineering through the Foundation’s ongoing work with Engineers Without Borders and a newly formed relationship with the Royal Academy of Engineering.

2008 Global social investment expenditure

2008 Global social investment expenditure by region