Climate Change Data

Southern Copper Corporation

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Water Consumption:0.53 m3/milled ton in 2023

ESG Focus Areas

  • Climate Change
  • Water Management
  • Social Infrastructure Investment
  • Occupational Safety and Health
  • Human Capital Development
  • Community Engagement

Environmental Achievements

  • Improved water use efficiency by 17% from 2020 to 2023 (0.64 m3/ton to 0.53 m3/ton)
  • Major improvement in water recovery from Quebrada Honda tailings dam and Buenavista del Cobre mine

Social Achievements

  • 97% YoY increase in investment in social infrastructure ($35.9 million in Mexico and $45.7 million in Peru)
  • Investment in water infrastructure for Cananea and Nacozari communities in Mexico
  • Progress in building a wastewater treatment plant (PTAR) in Ilo, Peru
  • Prioritized educational infrastructure development in Peru, building five high-performance schools (COAR) for 1,500 students
  • Became the primary private investor in Peru in national educational infrastructure

Governance Achievements

  • Achieved a place among the top 10% of performers in the mining sector in S&P Global's Corporate Sustainability Assessment (CSA)
  • Exceeded the industry average by 100% in CSA rating
  • Maintained inclusion in the Dow Jones Sustainability Index (DJSI) for the Latin American region for the fifth consecutive year
  • Achieved a score of 90 out of 100 on CSA’s climate governance index
  • Achieved a score of 100 in the Task Force on Climate-Related Disclosures (TCFD) category
  • Received a full compliance rating in the TCFD category from Climate Action 100+
  • Sustainalytics reduced the Company's risk by two levels between 2020 and 2023

Climate Goals & Targets

Environmental Challenges

  • Reduction of freshwater at Buenavista operation due to lack of permits for a water pipeline
  • Highly volatile copper market with initial estimates for 2024 surplus changing to concerns about potential deficits
Mitigation Strategies
  • Decided to transport water through other means to secure supplies for Buenavista operation
  • Focus on developing capital projects and keeping costs controlled

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: TCFD

Awards & Recognition

  • Inclusion in Dow Jones Sustainability Index (DJSI) for five consecutive years