11/08/2022 2021 Sustainability Report pdf
09/06/2022 Updated CoE Disclosure on TSFs pdf
11/11/2021 2020 TCFD Report pdf
22/07/2021 2020 Sustainability Report pdf


Hochschild Mining reports on its sustainability performance through quarterly updates on Key Performance Indicators, highlighting key initiatives in the Annual Report and Accounts, and comprehensive disclosure in a standalone Sustainability Report.

The annual Sustainability Report covers not only the activities and performance of the Company and its subsidiaries, but also of joint-ventures where it acts as operator.  The report is:

  • is prepared in accordance with the "Core" option of the Global Reporting Initiative Standards; and
  • is independently assured by PwC

After a comprehensive internal review, the Board of Directors approved in August 2023 the Company KPI targets for 2030. These targets take into account the materiality assessment which identified areas of importance to both internal and external stakeholders. The selected KPI targets for 2030 will be measured against the 2021 baseline year.  Performance against these targets will be reported on an annual basis.

Reporting Developments

The Company will monitor the continued relevance of the selected KPI targets and will be supplemented as appropriate, for example, by the revision of key Climate Change related targets on completion of Hochschild's Climate Strategy to achieve Net Zero by 2050.

Communities KPIs 2021 Baseline 2022 2030 Target
Local workforce vs total workforce (%) 51% 53% 60%
Local procurement vs total procurement (%) 12% 15% 20%
Social investment vs revenue (%) 0.84% 0.94% 0.90%


Planet KPIs 2021 Baseline 2022 2030 Target
GHG scope 1+2 emissions (%) 0% -0.7% -30%

Fresh water utilized per ore processed (m3/ tonnes)

0.24 0.27 0.22
Recycled waste (%) 73% 71% 80%
Domestic waste landfiled (kg/person/day) 1.00 1.05 0.90
Potable water consumption (l/person/day) 193 171 174


People KPIs 2021 Baseline 2022 2030 Target
Women in workforce (%) 9% 9% 11%
Women in leadership roles (%) 15% 15% 20%
Women in Board seats (%)3 33% 33% 40%
Voluntary turnover (%) 5.0% 3.9% <5%


Health and safety KPIs 2021 Baseline 2022 2030 Target
Fatal accidents 2 0 0
Lost time injury frequency rate (LTIFR)1 1.26 1.37 1.2
Lost time injury severity rate (LTISR)2 676 93 270


  1. 2025 target
  2. Calculated as total number of accidents per million labour hours
  3. Calculated as total number of days lost per million labour hours

Our performance in environmental, social and governance matters ("ESG") is ranked or scored by a number of organisations including the following:

CDP - Climate Disclosure Project: a global disclosure system supporting organisations in managing their environmental impacts resulting in scores ranging from A to D-

Hochschild participates in the Climate Change, Forestry and Water Security questionnaires.

Morningstar ESG Risk Rating: measures the degree to which a company's valuation is exposed to unmanaged ESG risks.  Ratings are given on the following scale: 0-9.99 Negligible, 10-19.99 Low, 20-29.99 Medium, 30-39.99 High, 40+ Severe.

MSCI: a rating organisation focussing on ESG metrics to measure the management of financially relevant ESG risks and opportunities (ratings range from leader (AAA, AA), average (A, BBB, BB) to laggard (B, CCC)) 

FTSE Russell ESG Rating: a rating that allows investors to understand a company's exposure to, and management of, ESG issues in multiple dimensions. Ratings range from 0 to 5 to 1 decimal point (5 being the highest rating)

Organisation/Index Last Update Score
CDP (Climate) 2021 C
CDP (Water) 2021 B-
Sustainalytics Dec 2021 35.5
MSCI Mar 2022 B
FTSE Russell Mar 2022 2.4