Acting honestly and ethically is central to the way we do business and we have the same expectations of our suppliers




Our Approach to doing business responsibly


We are dedicated to maintaining the highest levels of ethical standards in the conduct of both our and our supplier’s operations and ensuring robust corporate governance systems are in place to promote better economic, social and environmental outcomes.

The Board is responsible for setting the right tone and monitoring that our corporate values are reflected in our behaviour with the support of its committees and through management reporting.

Responsibility focus areas

Code of conduct

As a foundation of everything we do, all employees and suppliers must comply with our Code of Conduct. The Code is supported by various policies, which cover a broad range of issues including:

  • All forms of anti-corruption
  • Money laundering preventing
  • Anti-bribery
  • Interaction with public officials
  • Whistleblowing

The Code of Conduct embodies the following values and behaviours:

  • Treating all dealing with the business fairly
  • Ensuring compliance with all applicable laws
  • Avoiding conflicts of interest
  • Behaving with honesty, integrity and in line with professional ethics
  • Prioritising health, safety and protection of the environment
  • Safeguarding commercial confidentiality and the Company’s assets
  • Behaving with professionalism and a sense of responsibility including to our communities

Our Code of Conduct applies to all our suppliers, as they are also required to comply with the specific standards outlined in our updated Supplier Code of Conduct. At Hochschild, preventative due diligence of strategic suppliers and monitoring of 100% of the entities with which we have a commercial relationship within the country ensures that we only contract with entities who share our corporate values.

Sustainability reports and policies

Advocacy for Positive Change

We responsibly engage with policymakers, practitioners and civil society to meet regulations, participate in approval processes and meet increasing stakeholder expectations. Furthermore, we actively participate in mining associations in the countries where we operate in, such as the “Sociedad de Minería, Petróleo y Energía” in Peru, the “Cámara Argentina de Empresarios Mineros” in Argentina, as well as the Confederação Nacional da Indústria (CNI) in Brazil.

Responsible Supply Chain Management

We work closely with our suppliers to ensure we are part of a value chain that respects and remedies human rights issues and promotes positive sustainability outcomes.  For this reason, suppliers are required to comply with our Code of Conduct.

We prioritise ethical decision-making when purchasing goods and services and promote the safe production, use, recycling and disposal of metals and their products to ensure responsible production.

We also ensure we meet all regulatory obligations whilst also responding to the increasing demand from our customers for assurance that the metals they buy are produced responsibly.

Risk Management

Management of the Group’s operations and execution of its growth strategies are subject to a number of risks, the occurrence of which could adversely affect the performance of the Group. The Group’s risk management framework is premised on the continued monitoring of the prevailing environment, the risks posed by it, and the evaluation of potential actions to mitigate those risks, all tackled through the international framework COSO and monitored regularly by our Risk Committee.

2023 highlights


Directors considered to be Independent (2022: 66%)

Externally recognised

Winner of EMIN award (Mining Excellence) in Peru

Ethical Commitment

Retained the Anti-Bribery Certification from Entrepeneurs for Integrity