Climate Change Data

Environmental Metrics

ESG Focus Areas

• Safety and health at work
• Environmental protection
• Community relations and stakeholder engagement
• Community development
• Supply chain management
• Human resources management
• Human rights

Environmental Achievements

• Investment of COP 3.263 billion (USD 1.2 million) in environmental programs
• Reduced energy consumption from the Colombian interconnected system by 13.8%
• Restored 12 hectares and planted 4,000 native trees
• Completed 0.2 hectares of additional reclamation activities at the Yaraguá mine

Social Achievements

• Formalization of eight small-scale mining associations, involving approximately 300 workers
• Investment of over USD 2.4 million in community projects
• Provided training to 590 people through the Employment Training program
• 80 employees participated in the corporate volunteer program

Governance Achievements

• Established a corporate safety and health management system
• Created a Social Responsibility Department
• Implemented corporate policies reflecting company values (Code of Business Conduct and Ethics, Anti-corruption Policy, etc.)
• OHSAS 18001 certification for occupational health and safety management systems

Climate Goals & Targets

Environmental Challenges

• Presence of illegal small-scale mining in Buriticá
• Potential impacts of illegal mining on the environment and communities
• Need to balance the interests of various stakeholders

Mitigation Strategies

• Supporting legitimate local miners and alerting authorities to the risks of illegal mining
• Working with local authorities to develop alternative economic activities
• Implementing a formalization program for small-scale miners
• Strengthening community relations and engagement

Supply Chain Management

Responsible Procurement

• Commitment to local procurement
• Criteria for supplier selection based on ethical conduct, environmental and social standards, and competitive pricing

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI G4

Certifications: OHSAS 18001

Awards & Recognition

• Certification by Fenalco Solidario Colombia for commitment to social responsibility (2013-2015)

Environmental Metrics

ESG Focus Areas

• High operational standards (including occupational health and safety)
• Our employees
• Management of social impacts and regional development investment in Western Antioquia
• Environmental impact management, particularly water protection initiatives
• Harmonious relationships and institutional strengthening, especially at the territorial level

Environmental Achievements

• Approval of the modification of the environmental license for the Buriticá Project for the construction and operation of facilities with a capacity to process up to 3,200 tons/day.
• Approval of the environmental license for the construction and operation of a 30 km long, 110 kW capacity power transmission line from the Chorodó substation to the Buriticá Project substation.
• 18% reduction in Lost Time Injury Frequency Rate (LTIFR).

Social Achievements

• Successful negotiation of a four-year Collective Agreement (2017-2020).
• Joint initiative with SENA for technical training in mining operations for 60 high school graduates from local communities.
• Implementation of a formal mechanism for employee Petitions, Complaints, Claims, and Suggestions (PQRS).

Governance Achievements

• Complete documentation of due diligence processes for potential investors for the construction of the Buriticá Project.
• Preparation of the USD 250 million debt agreement signed in January 2017.
• Strengthening of the Internal Control System structure and quarterly reporting to the Audit Committee on its management through the identification of 300 procedures and 400 associated risks.

Climate Goals & Targets

Environmental Challenges

• Possible obstacles to the expansion of the environmental license.
• Gaps in managing social expectations regarding short-term job creation.
• Inefficiencies in the use and care of natural resources such as water.
• Possible infiltration of illegal miners and organizations.
• Inappropriate land use and acquisition practices.
• Adverse impacts on human rights derived from government and company security policies.
• Failures in the formalization processes of small miners.
• Inability to access adequate financing for the construction of the mine.
• Illegal mining.

Mitigation Strategies

• Successful execution of a joint operation by national, departmental, and municipal government agencies to neutralize illegal mining within the company's concessions.
• Implementation of risk management tools, including matrices for identifying, analyzing, evaluating, and rating the severity and probability of risks.
• Development of a new Corporate Sustainability Policy and its implementation strategy for the next four years (2017-2020).
• Conducting a study on human rights impacts, establishing a baseline of community health and safety, and formulating a technical action plan.
• Internal and external education on the implications of the Voluntary Principles on Security and Human Rights for the treatment of illegal mineral extraction.

Supply Chain Management

Supplier Audits: More than 500 internal audits were conducted in 2016.

Responsible Procurement

• Suppliers and contractors must observe and apply principles of socio-environmental sustainability, including measures to prevent workplace accidents, local employment opportunities, and good community relations.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI G4 (2013)

Certifications: OHSAS 18001:2007

Awards & Recognition

• Empresa Familiarmente Responsable (EFR) certification

Environmental Metrics

ESG Focus Areas

• Occupational Health & Safety
• Environmental Management
• Community and Regional Development
• Formalization
• Protection

Environmental Achievements

• Maintained ISO 14001:2015 certification with zero major non-conformities.
• Zero environmental fines or sanctions.
• Successfully amended environmental license.
• Expanded forest tree plant nursery.
• 1,851 hectares of high ecological value preserved using voluntary conservation agreements.
• Participated in tree planting campaigns, donating over 1,000 trees.

Social Achievements

• 60% reduction in recordable injuries despite employee numbers almost doubling.
• 50% of workforce from the area, 20% women.
• Social and environmental investments of COP$14.6 billion (approx. USD 4.45 million) and COP$13 billion (approx. USD 3.96 million) in purchases from local suppliers.
• Formalization mines’ production increased fourfold compared to 2017.
• Over 110,000 hours of training provided.
• Re-certified as a Family-Responsible Company for three years.
• Implemented various community development projects (e.g., Future Harvest, Supply Chain Linkage Program).

Governance Achievements

• No public legal cases or accusations related to corruption filed against the Company or its employees.
• 39% increase in cases reported via the Transparency Hotline.
• 100% of top management and directors received anti-corruption training.
• 77% of employees received anti-corruption training.

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions (implied)
• Informal and illegal mining
• Conflicts with communities (potential)
• Construction affecting the environment (potential)
• Legal or reputational risks associated with money laundering, terrorism financing, or corruption.

Mitigation Strategies

• Strict safety protocols implemented.
• Formalization program to address illegal mining.
• Open communication channels and stakeholder engagement.
• Backfilling in underground mine tunnels to prevent water contamination.
• Anti-corruption policies and training.
• Transparency Hotline.

Supply Chain Management

Supplier Audits: External audits performed on contractors; procedures implemented to address social, environmental, and labor issues before contract closure.

Responsible Procurement

• Criteria for selecting providers include quality, technical proposal, compliance with internal OHS standards, environmental processes, financial management, and insurability.
• Local suppliers prioritized; capacity building programs implemented.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards: Essential option, GRI Mining and Metals Sector Supplement, UN Sustainable Development Goals (SDGs), IFC Performance Standard 1, ICMM’s Sustainability Framework, Voluntary Principles on Security and Human Rights, UN Guiding Principles on Business and Human Rights (UNGP), OECD Due Diligence Guidance for Responsible Mineral Supply Chains

Certifications: OHSAS 18001:2007 (Occupational Health and Safety), ISO 14001:2015 (Environmental Management)

Awards & Recognition

• Colombian Mining Association’s National Journalism Award
• Ranked among top 10 companies in Colombia’s Mining Sector Reputation Ranking for three consecutive years
• Social Seal from the Government of Antioquia
• Recognition for sound environmental and social practices by Colombia’s Ministry of Mines and Energy