Sustainability: Our Story

Social and Sustainability Performance

In our experience, responsible mining is compatible with the highest stakeholder expectations in terms of both social and environmental performance. Our licence to operate depends on meeting those expectations at all times.

That is why our promise to create value through growth and returns is not confined to our financial investors. We work hard to ensure the health and safety of our people and also that their communities see a return on their investment of time, skills and commitments.

Growth:

  • Total number of workers up from under 3,000 in 2008 to over 16,000 in 2017, an increase of more than 500%.

Returns:

  • Close to US$140 million invested in health, safety and environmental initiatives since 2008

  • Around US$16 million invested in training since 2008

  • Over US$32 million invested in local communities since 2008

  • Inclusion in the FTSE4Good scheme during 2017

Mining is an essential activity that creates value at the local and global level. We believe it can be compatible with high stakeholder expectations vis-à-vis social and environmental performance, and, indeed, that our social licence to operate is dependent upon meeting those expectations. Therefore, responsible business practices must be deeply integrated in the operations, and factors affecting stakeholders taken into consideration at every critical decision-making level. This is reflected in our business model, wherein sustainable business practices ground our value-creation pyramid.

Our commitment to create long-term value is founded on responsible mining practices, to create value for and ensure the wellbeing of stakeholders without compromising future generations, through policies and practices implemented from the earliest stages of exploration until mine closure. We benchmark our success within a framework of maturing sustainability practices and continuous improvement in our safety culture.

Furthermore, compatible mining enhances our competitive advantages: engaging communities from the earliest stages of exploration and development reduces project risk and supports asset values; community support and environmental stewardship can minimise disruptions and ensure operational continuity; and a solid ESG risk profile influences the cost of capital, essential to balance sheet flexibility.

Key Milestones

2017

 

Piloted our ‘I care, we care’ programme at Saucito

2016

 

HSECR management system maturity reached 100%

2015

 

Maturity of HSECR system reached an overall level of 92.3%

2014

 

HSECR system reached maturity level of 84%

2013

 

HSECR system and notably the safety component was implemented at advanced projects

2012

 

Safety Action Plan and second independent review of HSECR system to verify its progress; definition of KPIs and KRIs

2011

 

First external verification of HSECR system; definition of the Action Plan 2012-2016

2010

 

Registered in the Carbon Disclosure Project for self-reporting on Climate

2009

 

First Communication on Progress for UN Global Compact; Mexican Greenhouse Gas Programme certification for self-reporting emissions

2013

 

HSECR Committee formed and policies defined


Highlights

  • HSECR management system has reached full maturity

  • Health & Safety departments implemented a new IT system to enhance monitoring and accountability

  • Operational areas continued to develop their skills in simulated emergency response scenarios, with drills at all mining operations

  • The Noche Buena mine obtained its Cyanide Code certification

  • Increased community investment, the Company engaged the support of municipal authorities for investments into infrastructure projects to benefit local communities

  • Reduced level and intensity of our greenhouse gas emissions