Fortescue has been recognised for its commitment to providing long term, sustainable business development opportunities for Aboriginal businesses at the 2022 AMEC Awards. The Company was awarded the AMEC Aboriginal or Torres Strait Islander Empowerment Award in recognition of its industry leading Billion Opportunities program. Since the program was established in 2011, more than AUD 4 billion in contracts and subcontracts have been awarded to over 140 Aboriginal businesses, forming a critical element of Fortescue’s approach to ensuring economic opportunity and growth for the Traditional Custodians of the regions in which it operates. The program has driven real change in government policy across Australia and was the blueprint for the Commonwealth Government’s Indigenous Procurement Policy. Fortescue’s Billion Opportunities program is complemented by a range of practical initiatives that provide Aboriginal businesses with the tools to build value and sustainability, which in turn, creates employment and development opportunities. This includes Fortescue’s ANZ funding scheme which allows eligible Aboriginal businesses to access finance at a competitive rate. Fortescue acts as guarantor, which removes the need for the Aboriginal business to provide security.
Fortescue has been recognised for its commitment to providing long term, sustainable business development opportunities for Aboriginal businesses at the 2022 AMEC Awards. The Company was awarded the AMEC Aboriginal or Torres Strait Islander Empowerment Award in recognition of its industry leading Billion Opportunities program. Since the program was established in 2011, more than AUD 4 billion in contracts and subcontracts have been awarded to over 140 Aboriginal businesses, forming a critical element of Fortescue’s approach to ensuring economic opportunity and growth for the Traditional Custodians of the regions in which it operates. The program has driven real change in government policy across Australia and was the blueprint for the Commonwealth Government’s Indigenous Procurement Policy. Fortescue’s Billion Opportunities program is complemented by a range of practical initiatives that provide Aboriginal businesses with the tools to build value and sustainability, which in turn, creates employment and development opportunities. This includes Fortescue’s ANZ funding scheme which allows eligible Aboriginal businesses to access finance at a competitive rate. Fortescue acts as guarantor, which removes the need for the Aboriginal business to provide security.
