Climate Change Data

Hudbay Minerals Inc.

Climate Impact & Sustainability Data (2020, 2021, 2022)

Reporting Period: 2020

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

  • COVID-19 outbreak and its potential impacts on all aspects of its business, with particular attention to indicators of impairment / reversal of impairment of non-financial assets, inventory and accounts receivable valuations, impacts on pension and other employee benefit discount rates, and deferred tax provisions.
Mitigation Strategies
  • The Company has evaluated the potential impacts arising from COVID-19 on all aspects of its business...To date there has been no significant financial impact on the Company.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: IFRS

Third-party Assurance: Deloitte LLP

Reporting Period: 2021

Environmental Metrics

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: IFRS

Third-party Assurance: Deloitte LLP

Reporting Period: 2022

Environmental Metrics

Renewable Energy Share:>50%

ESG Focus Areas

  • Environmental Stewardship
  • Social Impact & People
  • Governance

Environmental Achievements

  • More than 50% of total energy consumption is from renewable sources
  • Achieved a rating of “AA” across all TSM tailings management protocol indicators in both Manitoba and Peru in 2021
  • Leading emissions ranking among peers (1.5 tCO2e/t CuEq)

Social Achievements

  • Constancia’s “Hatun Warmi” program expands opportunities for women in mining
  • All operations are ISO 45001 certified
  • 40% local community employment at Constancia; 16% indigenous employment in Manitoba; 17% overall female employment
  • Successfully partnered with local communities (Chilloroya and Uchucarcco) for concentrate transport

Governance Achievements

  • 10/11 Board members are independent; 55% of Board members belong to diverse groups
  • MSCI ranked Hudbay’s corporate governance in the top 10% of all companies they assessed
  • Strong ESG scores from Bloomberg (E 4.6, S 5.1, G 7.5)

Climate Goals & Targets

Long-term Goals:
  • Net Zero total emissions by 2050
Medium-term Goals:
  • ↓50% lower absolute Scope 1 and Scope 2 emissions from existing operations by 2030
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Recent inflationary pressures on input prices in a period of declining copper prices has squeezed margins
Mitigation Strategies
  • Taken near-term steps to reduce discretionary spend by $30M for the remainder of 2022 and more than $50M in 2023

Supply Chain Management

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: GRI, SASB, TCFD

Certifications: ISO 45001

UN Sustainable Development Goals

  • Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed