A Billion Opportunities
Fortescue’s Billion Opportunities program commenced in 2011 as an initiative to promote sustainable business opportunities for Aboriginal people. Aligning with Fortescue’s commitment to support local businesses, Billion Opportunities forms a critical element of Fortescue’s approach to ensuring economic opportunity is the key benefit to flow from Native Title agreements.
Since its inception, Billion Opportunities has awarded 238 contracts and sub-contracts worth more than A$1.8 billion to 102 Aboriginal owned businesses and joint ventures, with a particular focus on Traditional Owner involvement. In April 2016, an internal audit review noted that despite challenging market conditions, Billion Opportunities indicates a continuing upward trend, which reflects positively on Fortescue’s continued commitment to provide opportunities and award contracts to Aboriginal businesses.