Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• 98% OP and 83% UG water recirculated
• 74% of renewable energy

Social Achievements

• 92% Fulfillment of social commitments
• > $10M for infrastructure projects
• $120M in local purchases
• 64% of local workers
• $15M in sales of local producers

Governance Achievements

• New Human Rights Policy (2021)
• New Supply Chain Policy (2021)
• Finished ESG Materiality Assessment as a roadmap to its sustainability strategy

Climate Goals & Targets

Environmental Challenges

• COVID-19 related expenses (US$67.7 million in FY21)

Mitigation Strategies

• Plans to significantly reduce COVID-19 related expenses by updating protocols aligned with increased vaccinated workforce

Supply Chain Management

Responsible Procurement

• Standards in the supply chain

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Environmental Management
• Social Management
• Corporate Governance

Environmental Achievements

• Environmental Performance Index (EPI) reached 95.5%
• Water recirculation rate in operations was 90% in open pits and 87% in underground mines
• Completed 24 social projects valued at around US$ 10 million (US$ 5 million from works for taxes)

Social Achievements

• Completed 24 projects benefiting more than 60,000 people in various regions
• Procured products and services from local companies for more than US$ 225 million
• Supported 1451 producers with accrued sales over US$ 17 million since 2014 through PRA Buenaventura
• Completed Huaruro irrigation canal project benefiting over 380 hectares of farmland

Governance Achievements

• Reduced number of complaints for potential infractions to Code of Ethics and Good Conduct from 89 in 2021 to 68 in 2022
• Updated Board of Directors Regulations
• Company operates under high integrity standards set forth in Buenaventura’s Code of Ethics and Good Conduct

Climate Goals & Targets

Environmental Challenges

• Social conflicts that paralyzed important operations in Peru
• Decline in mining investments due to social conflicts
• Complex international context marked by the Russia-Ukraine conflict and COVID-19 outbreaks
• Unfortunate collapse in the open pit of the Colquijirca mine, resulting in three fatalities
• High-potential environmental events related to water discharge, informal mining, and concentrate spills

Mitigation Strategies

• Implemented corrective measures to prevent accidents at Colquijirca mine
• Focused on shared social responsibility approach to promote sustainable development
• Implemented action plans focused on engineering controls to prevent safety incidents
• Continued monitoring plan and prevention protocols for COVID-19
• Conducted multidisciplinary investigations and implemented action plans for environmental events

Supply Chain Management

Responsible Procurement

• ESG criteria considered in supplier selection
• Document evaluation and analysis of operating capacities
• Improvement plans implemented for high-sustainability-risk suppliers

Climate-Related Risks & Opportunities

Physical Risks

• Mass movements
• Frost frequency
• Increased UV radiation

Transition Risks

• Policy changes
• Cost increases due to GHG emissions
• Technological obsolescence

Reporting Standards

Frameworks Used: Global Reporting Initiative (GRI), Dow Jones Sustainability Indices (DJSI)

Awards & Recognition

• Sustainable Development 2022 award (SNMPE, Water Management category)

Environmental Metrics

ESG Focus Areas

• Governance
• Social
• Environmental
• Climate Change
• Water Management
• Biodiversity
• Human Rights
• Supply Chain Management

Environmental Achievements

• Reduced water consumption through recirculation and reuse.
• Implemented measures to minimize environmental impact.
• Achieved 92.1% on the Environmental Performance Index (IDA).
• Tantahuatay unit received the “Certificado Azul” for water efficiency and shared value.
• Initiated a pilot project for bioremediation using mine and agro-industrial waste.

Social Achievements

• 67% of contracted workforce from local regions and communities.
• Over US$174 million spent on local goods and services.
• PRA Buenaventura program supported 1504 producers.
• Construction of health centers in Chugur and Smelter.
• Aprender para Crecer program benefited 93 teachers and 1193 students.

Governance Achievements

• Updated the Board Regulations.
• 100% Board attendance at meetings.
• Implemented improvements in corporate policies and procedures.
• Updated the Manual for Prevention and Risk Management related to Money Laundering and Terrorism Financing.
• Developed a new mechanism for managing requests for social support, charitable contributions, donations, and sponsorships.

Climate Goals & Targets

Environmental Challenges

• Social unrest and political instability in Peru.
• Adverse weather conditions and water scarcity.
• Illegal mining activities.
• Delays in environmental permits and approvals.
• Accident at Tambomayo unit resulting in one fatality.

Mitigation Strategies

• Implemented corrective actions to prevent recurrence of accidents.
• Strengthened communication and preventive measures.
• Worked with communities to address social concerns.
• Improved efficiency and sustainability of operations.
• Developed alternative sourcing strategies.

Supply Chain Management

Responsible Procurement

• Code of Conduct for Suppliers
• ESG criteria in supplier selection

Climate-Related Risks & Opportunities

Physical Risks

• Water scarcity
• Extreme weather events

Transition Risks

• Regulatory changes
• Market shifts towards low-carbon economy

Opportunities

• Increased use of renewable energy

Reporting Standards

Frameworks Used: GRI, Dow Jones Sustainability Indices (DJSI) Corporate Sustainability Assessment (CSA)

Certifications: ISO 14001, ISO 45001

UN Sustainable Development Goals

• Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Inclusion in S&P/BVL Perú General ESG Index