Sustainable Development Policy

We aim to deliver the highest possible returns for shareholders; maintain relationships with employees and contractors and provide them with fair working conditions; develop long-term partnerships with suppliers to bring benefits for both parties; ensure greater security of supply and add value for our customers; contribute to sustainable development in the communities, regions and countries where we operate; and maintain relationships and constant open dialogue with our stakeholders.

We act preventively, seeking to avoid process failures, environmental pollution, workplace accidents and occupational health risks. We aim to minimize negative social and environmental impacts. In all our investment projects and operations, we conduct prior analyses to manage risks, impacts and opportunities in environmental, social and economic aspects. We invest in and use technology that enables us – for compatible costs – to maximize eco-efficiency, safety and sustainability in productive processes, the products we sell and transport modes.

We act in full compliance with legislation and other applicable requirements. In all the regions where we operate, we pursue continuous improvement to allow us to progressively achieve and surpass world-class standards in health and safety, working conditions, environmental management, labor relations and respect for human rights.

We work in an organized, disciplined manner, adopting strict practices for planning, execution, monitoring and corrective action. We seek to use natural resources responsibly and efficiently. In terms of responsibility for our products, we encourage the responsible use, reuse, recycling and final disposal of our products and byproducts. Wherever possible, we incorporate responsible design principles.

We work in an ethical and respectful manner in all the countries and regions where we are present. We strive for excellence in our corporate governance, our operating processes, the quality of our projects and our relationships with stakeholders. We promote sustainable action throughout our supply chain. We adopt global sustainability standards and practices, while respecting the sovereignty of each country and local legislation.

We seek recognition, consultation and involvement before implementing new projects with local stakeholders.

We contribute to the construction of specific plans and actions designed for ordered, sustainable development in the regions where we operate.

We maintain extensive, transparent, permanent and structured communications and dialogue with our stakeholders. We respect the diversity and cultures of the regions where we operate. We consider stakeholders’ demands when taking management decisions.

We seek to establish alliances with strategic actors in different sectors – public, private and civil society – to plan programs for integrated local development.

We work in a joined-up way to generate a positive legacy in the regions where we operate. We aim to maximize socioeconomic development throughout the mining cycle, contributing to economic diversification, social development and the promotion of environmental conservation and restoration.

We guarantee transparency in the company’s policies, procedures, practices and performance in terms of social, environmental, economic and governance aspects as we work with stakeholders globally.

We seek leadership in international industry discussions related to the sustainable development issues that most affect our businesses and operations.

We monitor and anticipate trends in global sustainability issues.

We adopt and develop best global practices in sustainability and help to spread them in the sector.

We maintain a global vision of sustainability aligned with international performance standards. We act locally, ensuring adaptation and respect for local culture and circumstances.

We work in an integrated manner to contribute to building a positive legacy for future generations. We balance the social, environmental and economic aspects of our businesses in order to generate long-term value for shareholders, employees, communities and governments in the countries where we operate.