SUSTAINABILITY GOALS

We have a set of indicators to measure and evaluate our sustainability performance. Some of these indicators are included in the business scorecards of each mining operation and our corporate offices while others are aspirational goals that we have defined to complement these targets.

Strategic Objectives Performance 2018 Target 2018 Compliance
Zero fatalities 1 0 Regrettably one of our contractors at Los Pelambres had a fatal accident.
Lost Time Injury Frequency Rate (LTIFR) 1.1 1.0 We were unable to meet this target as a contractor suffered a fatal accident. However, the LTIFR remained at around 1.0.
Implement Diversity and Inclusion Strategy Implemented according to plan and without delays. Implement plan milestones without delays in accordance with Strategy. The implementation of the Diversity and Inclusion Strategy was executed during 2018 according to plan
Strategic Objectives Performance 2018 Target 2018 Compliance
EBITDA $2,139 million $2,073 million Target achieved and 3% better than planned mainly due to higher revenues as a result of higher copper prices.
Copper production 725,300 tonnes of copper 705,000 – 740,000 tonnes of copper. Production target partially achieved (-2%), mainly due to lower than planned throughput and production.
Projects and Development Closure plan for Los Pelambres Expansion Project approved. Obtain approval of closure plan for Los Pelambres Expansion Project. Closure plan for Los Pelambres Expansion Project approved in October by the Projects Committee and in November by the Board.
Strategic Objectives Performance 2018 Target 2018 Compliance
 Environmental incidents 0 severe environmental incidents occurred.  0 severe environmental incidents and/or with a relevant reputational impact. There were no severe environmental incidents that affected our reputation and/or operational continuity.
 Emissions reduction CO2e emissions reduced by 17% compared to 2017. Reduce CO2e emissions by 300,000 tonnes by 2022 compared to the baseline in 2017. Reduction mainly due to country’s two main power grids merging into the National Electric Grid (SEN). 
Strategic Objectives Performance 2018 Target 2018 Compliance
Zero severe social incidents 0 severe social incidents occurred. 0 severe social incidents and/or with a relevant reputational impact. There were no severe social incidents that affected our reputation and/or operational continuity.
Strategic Objectives Performance 2018 Target 2018 Compliance
Ethics and compliance The compliance model was reviewed and rolled out across the organisation. Review and communicate the Group’s Compliance Model. During the year, the Compliance Model was reviewed and its structure was updated. It was rolled out through a day workshop for executives, a corporate video and mass emails across the organisation. In 2019 a mass e-learning process is planned and specific training for more exposed areas.
Corporate governance and risk The Group’s risk appetite was defined and approved. Define the Group’s risk appetite. In 2018 the Board reviewed and approved the Group’s risk appetite in the main risk areas, providing guidelines to the administration on how to analyse and control our main risks.
Due diligence on Human Rights Due diligence on Human Rights began. Conduct due diligence on Human Rights. Due diligence on Human Rights began at the end of 2018 at all our mining operations.
Reporting

Annual Report 2018

Reporting

Sustainability Report