Ethics and Culture


We aspire to demonstrate a well-established ethical culture through our actions and behaviours. Our values are the cornerstone of our Ethics and Culture programme. Our Code of Conduct is a set of rules and principles that guide our behaviours and actions. The cornerstone of this Code is our values;

  • Trust
  • Responsibility
  • Integrity
  • Loyalty
  • Safety


As part of our efforts to implement best practices in business ethics, we launched a project of workshops aimed at further embedding ethics and integrity in our culture. The Code was enhanced to provide further guidance on complying with the UK Bribery Act 2010. Training our people to make better decisions has been a crucial element of our anti-bribery and anti-corruption strategy; the scope of our online training programme and evaluation has broadened to cover money laudering and fraud and been recognised internally as a success for its innovative approach.


PwC have guided the design of our masterclasses and employee workshops, and rolled out training for our managers, 20 of whom were selected to become trainers in the employee workshops.

The workshops reinforce how to apply Fresnillo policies and where to go for additional support, with an emphasis on using the behavioural compass for decision-making. Managerial workshops went further to stress the practical requirements of their role as leaders in enabling and supporting business ethics and integrity.

The Fresnillo Code of Conduct

Octavio Alvidrez, CEOBeing recognised as a good corporate citizen is something we earn through the efforts and commitment of all who work at Fresnillo. Our Code of Conduct is intended to serve as a guide for the day-to-day behaviour of each of us, which must be consistent with the institutional values of this company: Confidence, Responsibility, Integrity and Loyalty (C.R.I.L).

By following this Code of Conduct, we reinforce the trust of all of our groups of interest in Fresnillo: shareholders, employees, clients, vendors, and community at large.

We all have an obligation to observe this Code of Conduct, guaranteeing not only that the transactions we perform adhere strictly to existing rules and regulations, but also ensuring that we work according to the highest standards of responsibility, transparency and commitment.

We will strive to set an example of strict compliance with the contents of this Code of Conduct in the daily performance of our duties, and that this will allow us to become the most widely-recognized Mexican company in the world for its global focus, process quality, and the excellence of its people.