Climate Change Data

Minsur S.A.

Climate Impact & Sustainability Data (2020, 2023)

Reporting Period: 2020

Environmental Metrics

ESG Focus Areas

  • Corporate Governance
  • Environment
  • Stakeholder Management

Social Achievements

  • Zero fatal occupational accidents for the fifth consecutive year in 2020.
  • Mina Justa – Marcobre project awarded Safety Plaque, Gold category, for 7 million man-hours worked with no lost-time injuries.
  • San Rafael, Pucamarca and Pisco mining units and Mina Justa projects received Biosafety certification against COVID-19.
  • Pisco Smelting Plant and Refinery obtained ISO 45001:2018 certification.

Climate Goals & Targets

Environmental Challenges

  • COVID-19 pandemic
Mitigation Strategies
  • Improved occupational health and safety management; strengthened health systems in operating units; active role in developing and promoting health protocols; provided humanitarian support to stakeholders.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI, ICMM, SASB, Sustainable Development Goals

Certifications: ISO 45001:2018, Biosafety certification against COVID-19 “SAFE GUARD” by Bureau Veritas

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:209,582.20 t CO2e (Pisco SRP) + 98,442.23 t CO2e (Minsur S.A.) + 359,074.63 t CO2e (Pucamarca MU) = 667,099.03 tCO2e (Note: Unaudited)
Scope 1 Emissions:22,660.75 t CO2e (San Rafael) + 17,267.67 t CO2e (Pucamarca) + 108,057.18 t CO2e (Pisco) = 147,985.6 tCO2e
Scope 2 Emissions:42,695.92 t CO2e (San Rafael) + 4,963.06 t CO2e (Pucamarca) + 4,540.20 t CO2e (Pisco) = 52,199.18 tCO2e
Scope 3 Emissions:33,085.56 t CO2e (San Rafael) + 336,843.9 t CO2e (Pucamarca) + 96,984.82 t CO2e (Pisco) = 466,914.28 tCO2e
Total Energy Consumption:2,020,727 GJ
Water Consumption:1,572.22 ML
Waste Generated:4,324 tons

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Updated 2050 net-zero emissions strategy with 2022 as baseline year.
  • Conducted feasibility studies for renewable energy (photovoltaic) in San Rafael and Pucamarca.
  • Reduced total energy consumption by 5% compared to 2022 (2,020,727 GJ).

Social Achievements

  • Launched Minsur Mobile Clinic, providing medical care to 2,563 people in Puno.
  • Implemented Ayni program, engaging nearly 12,000 community members in cultural and recreational activities.
  • Achieved 78% average compliance rate with Social Management plans across mining units.

Governance Achievements

  • Achieved ISO 37001 certification for Anti-Bribery Management System.
  • Record low recordable injury frequency rate (RIFR) of 1.14 per million man-hours worked.
  • Zero fatal accidents for the eighth consecutive year.

Climate Goals & Targets

Long-term Goals:
  • Net-zero emissions by 2050
Medium-term Goals:
  • Reduce emissions by 30% by 2030

Environmental Challenges

  • Socio-political unrest in Peru, leading to a 75-day suspension of San Rafael MU operations.
  • Lower tin prices (-17% compared to 2022).
  • Logistical challenges due to the Ukraine-Russia war, including port congestion and delays.
Mitigation Strategies
  • Successfully restarted San Rafael MU operations safely.
  • Reactivated sales through strategic warehouses in the US and Europe to mitigate logistical issues.
  • Increased market share in China despite challenges.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: ICMM, UN Global Compact, ISO 14001, ISO 45001, ISO 37001, ISO 14064:2018, ISO 14021:2016

Certifications: ISO 14001, ISO 45001, ISO 37001

Third-party Assurance: Tanaka, Valdivia y Asociados S.C.R.L. (Ernst & Young)

Awards & Recognition

  • Honorary mention in 'Articulation and Dialogue' category by SNMPE