We seek to create long-term value through safe, innovative and environmentally sound operations.
Our corporate values reflect our purpose and guide our day-to-day conduct as well as providing the foundation of sustainability areas of focus
DEFINING WHAT MATTERS
Refining our materiality
We periodically undertake a sustainability materiality assessment update. This enables us to identify and report on the sustainability topics that (i) Hochschild has the potential to have a social or environmental impact on, and (ii) may create financial risks or opportunities for our business.
We plan to undertake a materiality update every two years. This timeframe ensures that our material topics reflect changes in our business and in the wider external environment, including regulatory developments.
Engaging stakeholders
The aim behind our long-term business strategy is to provide an attractive investment proposition for our shareholders whilst also enhancing value for our customers, employees, suppliers, and local communities. To ensure that both of these objectives are met, we focus our efforts and operational delivery on the areas where we can have the biggest impact, supported by our commitment to the United Nations Sustainable Development Goals (UN SDGs).
See how we meaningfully engage with our stakeholders in our Responsibility and Governance section.
Aligning to the UN SDGs
We support the UN’s 2030 Agenda for Sustainable Development and recognise that meeting the ambitions they set out will require the co-operation of governments, civil society and businesses around the world. As such, we are working, where possible, to align our efforts to bring about positive social, economic and environmental outcomes that contribute towards achieving the SDGs.
Our strategic focus areas
The Hochschild way is to promote close collaboration with our local communities with full respect for local customs and social dynamics. Our approach to generate positive impact is guided by our Community Relations Policy, which emphasises our dedication to building trust and listening to community concerns. At Hochschild, we consider how our operations may affect the local community, either directly or indirectly; this consideration is formally included within our application for environmental permits, under the Free Prior Informed Consent (FPIC) process.
MATERIAL TOPICS
- Local communities and socio-economic development
CONTRIBUTING TO THE SDG
Protecting the environment
We are committed to protecting the environment through applying best-in-class environmental management practices. All our activities are guided by the principles set out in our Environmental Policy, continually seeking ways to produce metals with the least possible environmental footprint. Such efforts include improving our consumption of resources, whether through reducing water usage, improving energy efficiency, or increasing the amount of waste that is recycled
MATERIAL TOPICS
- Climate change resilience
- Water management
- Management of waste and tailings
- Biodiversity and ecosystem services
CONTRIBUTING TO THE SDG
Given the high-risk nature of the mining process, prioritising health and safety is essential to protecting our people and ensuring the overall success of our operations. We strive to ensure the well-being of all our employees and contractors as outlined in our Health and Safety Policy.
MATERIAL TOPICS
- Occupational health and safety
CONTRIBUTING TO THE SDG
Our people are key to our business success and the positive impact we make on the planet and society. By fostering a supportive and empowering working environment, we can improve employee satisfaction, offer better and more equal employee opportunities, and improve retention rates.
MATERIAL TOPICS
- Labour relations
- Recruitment, retention and engagement
- Diversity, equity and inclusion
- Innovation through technological solutions
CONTRIBUTING TO THE SDG
Conducting business honestly and ethically is a core pillar of our corporate identity. We are wholly committed to ethical business operations and are dedicated to maintaining the highest standards of responsibility in our activities, partnerships, and business dealings. 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.
MATERIAL TOPICS
- Respecting human rights
- Responsible business conduct and ethics
- Responsible supply chain management
- Public policy
CONTRIBUTING TO THE SDG