SUSTAINABILITY POLICY

At Antofagasta Minerals, we recognise that we have a responsibility towards our stakeholders and the environment in which we operate.

We understand that mining is a long-term activity and we must always think and act with a forward-looking perspective. Our operations allow us to generate positive and lasting change and that is why we constantly seek new ways to develop more efficient, sustainable, and inclusive mining.

People

For Antofagasta, people’s safety and health is a priority. Likewise, the wellbeing, motivation and development of our workers are a crucial part of the Group’s value proposition. We recognise the importance of diversity and equal opportunities, leading us to permanently focus on the creation of environments that allow the integration and professional and personal development of our employees.

Economic Performance

We are always looking for sustainable ways to improve our operational efficiency to ensure value creation for our shareholders and different stakeholders. We operate with a long-term outlook and in a responsible and efficient manner in order to maximise the economic value of our assets, contribute to social development and minimise our environmental impacts.

Environmental Management

We permanently work to prevent, control and mitigate our potential environmental impacts and always seek to use natural resources efficiently. Environmental management systems are an integral part of the way we do business. We set objectives, goals and KPIs, striving towards continuous improvement and monitoring our environmental performance.

Social Development

We seek to generate economic, social and human capital in our direct areas of influence. We initiate effective, participatory and transparent dialogue processes with the different stakeholders in the regions where we operate, acknowledging disputes and seeking opportunities to jointly address these issues and therefore generate a shared vision of development.

Transparency and Corporate Governance

We believe in the importance of developing effective, responsible and transparent institutions. We have guidelines and internal regulations that establish our commitment to conduct our business in a responsible manner. We behave in an honest, transparent and respectful way with regards to human rights and the law. In addition, we openly report on our performance and implement systems that allow us to internally audit our procedures.