Communities Environmental Management Health, safety and wellbeing Our people Responsibility

OVERVIEW

We create positive impact by building lasting partnerships with local communities and supporting initiatives that address their needs. 

Our approach to generating positive impact is guided by our Community Relations Policy, which emphasises our dedication to building trust and listening to community concerns.

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Social engagement focus areas

Assess

Assessing our impact

Before starting work in new areas, we assess how our operations could affect local and Indigenous communities. We do this through social impact assessments, the Free, Prior and Informed Consent process where applicable, and as part of our environmental permitting process to help ensure community perspectives are understood and considered.

Engage

Engaging with our communities

We maintain regular dialogue with local communities through site visits, meetings, focus groups, and participatory environmental monitoring to understand their needs, gather feedback, and keep stakeholders informed. Our Permanent Information Offices at all our mines also provide a trusted place for community members to ask questions, share feedback, or raise concerns, with all grievances handled confidentially through our formal process.

Invest

Investment and local government support

We work with local governments in the countries where we operate to deliver projects that strengthen community wellbeing, investing in education, scholarships, public infrastructure, essential services, and skills development. We monitor our community investment every quarter and are currently surpassing our 2030 target of investing 0.90% of net revenue. Learn more about our community investment in the case studies and SDG alignment sections below.

 

Employ

Local Employment

Creating employment opportunities for people living near our operations is a key part of our commitment to local communities. We aim to increase local employment over time, with a target of 60% of our workforce made up of local employees and contractors, supported by initiatives such as our Mining Partner Programme featured in the case studies below.

Procure

Local procurement

Alongside creating local employment opportunities, we support local businesses to help generate long-term social and economic value for communities. This is achieved through our socio-economic development programmes, targeted initiatives, and annual action plans that support our 2030 ambition.

Performance

Description of KPI’s

Our goal is for 60% of our workforce to be made up of local employees and contractors by 2030, reflecting our commitment to creating employment opportunities in the communities where we operate. We define our local workforce as people who live in or come from the regions where Hochschild operates in Peru, Argentina, and Brazil.

 

Performance

Description of KPI’s

Alongside creating local employment opportunities, we support local businesses by increasing our spending with suppliers in the communities where we operate. Our 2030 target is for 20% of our procurement spend to be sourced locally. We define local procurement as purchasing goods and services from businesses operating in our regions or from businesses owned by local communities, even if they are registered elsewhere.

 

Performance

Description of KPI’s

Investing in local communities is a core part of our community strategy. We support programmes that improve education, health and nutrition, socio-economic development, culture, philanthropy, and local government initiatives. We measure our community investment as a percentage of net revenue to reflect the link between our business performance and social contribution, with a 2030 target of 0.90%.

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KPI's data - Q1 2026

65.1%

Local worforce vs total workforce (%)

28.7%

Local procurement vs total procurement (%)

0.97%

Social investment vs revenue (%)

KPI's data - 2025

65.9%

Local worforce vs total workforce (%)

29.9%

Local procurement vs total procurement (%)

1.09%

Social investment vs revenue (%)

Community Case Studies

Education

HOC Scholarship Community Programme

The programme brings together our scholarship and student support initiatives to help young people in communities near our operations access higher education and build successful careers. Launched in 2024, the programme provides technical and university scholarships, career guidance, entrepreneurial training, and wellbeing support. It builds on the success of the Quri Yachay programme, which has awarded more than 400 technical scholarships since 2011, with around 95% of graduates going on to work at Hochschild. Since the programme was established, 150 scholarships have been awarded, including 90 in 2025, and the programme has been recognised by the Technological University of Peru for expanding educational opportunities in Ayacucho and Apurímac.

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Socio-Economic Development

Mining Partner Programme 

Launched in 2024, our Mining Partner Programme helps residents of the local communities of Perito Moreno and Las Heras in Argentina develop the skills needed for careers in mining. The five-month programme combines virtual training with practical experience at our San Jose mine, with successful participants offered employment opportunities. Delivered in partnership with the Municipality of Perito Moreno, the Santa Cruz Mining Secretariat, and the Mining Workers' Association of Argentina, the programme supported the integration of 28 participants into our workforce in 2024. In 2025, it expanded to 40 participants and introduced site visits to the mine.

 

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Socio-Economic Development

Strawberry cultivation  

Since 2022, we have partnered with the National Institute of Agricultural Technology and the Provincial Agrarian Council of Santa Cruz to strengthen family farming in Perito Moreno, the community closest to our San Jose mine. Through the project, we have provided local producers with equipment, irrigation systems, seedlings, and technical support to expand strawberry production. By 2025, the initiative had grown to support 21 farming families, with more than 80,000 plants in production across 15,000m² of cultivated land.

 

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Culture and Communication 

FLICMA

In 2025, we hosted the Mara Rosa and Amaralina Literature, Culture and Art Festival (FLICMA in Portuguese) for the third consecutive year, welcoming almost 3,400 students, educators, and community members. Through storytelling, theatre, performances, educational panels, and other cultural activities, the festival promotes literature, learning, and creativity while strengthening connections with the communities of Mara Rosa and Amaralina.

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SDG Alignment

Ensure Healthy lives and promote wellbeing for all at all ages

How we contribute to the SDG

Our initiatives in local communities cover the provision of medical support and nutrition information

Example focus areas in 2025

  • Implementing awareness and education campaigns and medical support in the communities surrounding our operations in Peru, Argentina, and Brazil.

  • Making social investments of $13.1 million, including investments in education, health and nutrition, and socio-economic development.

Ensure inclusive and equitable quality education and promote lifelong learning opportunities for all

How we contribute to the SDG

Hochschild provides learning opportunities through our educational programmes.

Example focus areas in 2025

  • Sponsoring higher education scholarships through the HOC Scholar Community programme, which aims to enhance education, provide vocational guidance, and offer emotional support to technical and university students.

  • Donating supplies and materials to schools and municipalities in the regions in which we operate.

  • Making social investments of $13.1 million, including investments in education, health and nutrition, and socio-economic development.

Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all

How we contribute to the SDG

Wherever we operate, we aim to leave a lasting, positive legacy on the local communities through our economic contribution and position as a source of employment. 

Example focus areas in 2025

  • Supporting socio-economic development through programmes such as the Mining Partner Programme and the strawberry cultivation project in Argentina, as well as training courses and workshops that build skills in our local communities.
  • Sponsoring higher education scholarships through the HOC Scholarship Community programme.
  • Making social investments of $13.1 million, including investments in education, health and nutrition, and socio-economic development.

Reports and Policies

Environment and Climate Change

Environmental Management