OUR REPORTING AND RATINGS
Hochschild Mining reports on its sustainability performance through quarterly updates on Key Performance Indicators, a Sustainability Report as part of the Annual Report and Accounts, and comprehensive disclosure in a standalone Sustainability Report.
The standalone 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 latest report was:
- Prepared in accordance with the "Core" option of the Global Reporting Initiative Standards; and
- Independently assured by PwC
After a comprehensive internal review, the Board of Directors approved in August 2023 the Company ESG Key Performance Indicators ("KPI") and their targets for 2030. These KPI 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 and performance will be reported on an annual basis.
Reporting Developments
The Company will monitor the continued relevance of the selected ESG KPI targets and will be supplemented as appropriate, for example, by the revision of the Climate Change related targets on completion of Hochschild's Climate Strategy to achieve Net Zero by 2050.
| Communities KPIs | 2021 Baseline |
2022 | 2023 | 2024 1st Semester | 2030 Target |
|---|---|---|---|---|---|
| Local workforce vs total workforce (%) | 51% | 53% | 59% | 61% | 60% |
| Local procurement vs total procurement (%) | 12% | 15% | 17% | 23% | 20% |
| Social investment vs revenue (%) | 0.84% | 0.94% | 1.18% | 0.95% | 0.90% |
| Planet KPIs | 2021 Baseline |
2022 | 2023 | 2024 1st Semester | 2030 Target |
| GHG scope 1+2 emissions (%) | 0% | -0.70% | -5.6%1 | - | -30% |
| Fresh water utilised per ore processed (m3/tonnes) | 0.24 | 0.27 | 0.27 | 0.32 | 0.22 |
| Recycled waste (%) | 73% | 69%2 | 63% | 60% | 80% |
| Domestic waste landfiled (kg/person/day) | 1 | 1.05 | 0.93 | 0.94 | 0.90 |
| Potable water consumption (l/person/day) | 193 | 171 | 1633 | 136 | 174 |
| People KPIs | 2021 Baseline |
2022 | 2023 | 2024 1st Semester | 2030 Target |
| Women in workforce (%) | 8.7% | 8.8% | 9.6% | 9.9% | 11% |
| Women in leadership roles (%) | 15.2% | 14.8% | 18.0% | 17.0% | 20% |
| Voluntary turnover (%) | 5% | 3.9% | 4.5% | 4.4% | <5% |
| Health and Safety KPIs | 2021 Baseline |
2022 | 2023 | 2024 1st Semester | 2030 Target |
| Fatal accidents4 | 2 | 0 | 0 | 0 | 0 |
| Lost time injury frequency rate (LTIFR)5 | 1.26 | 1.37 | 0.99 | 1.08 | 1.2 |
- Restates the number disclosed in the Annual Report after the assurance of the carbon footprint performed in September 2024.
- Restates the number disclosed in the Annual Report to rectify error.
- Restates the number disclosed in the Annual Report to rectify an error.
- Includes contractors and employees.
- Calculated as total number of accidents per million labour hours.
Our operations in Brazil are included in the PEOPLE KPI results since 2022 and in the HEALTH AND SAFETY KPI results since 2023, during the construction phase of the Mara Rosa project. They will be included in the COMMUNITIES and PLANET KPI results since 2025, once operations are stable.
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. Find our response to the 2024 CDP questionnaire (yet to be scored) here. Find as well our responses from previous years: 2023 here and 2022 here.
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) | 2023 | B |
| CDP (Water) | 2023 | B- |
| Sustainalytics | Apr 2024 | 29.6 |
| MSCI | Aug 2024 | BB |
| FTSE Russell | Jun 2024 | 3.4 |