Hudbay 2014 Annual and CSR Report – 2014 Targets and Achievements

Target	Achievement	Details
HEALTH AND SAFETY
Improve on our three-year average lost time accident frequency of 0.31	Achieved	See Health and Safety.
Improve on our three-year average lost time accident severity of 8.1	Achieved	See Health and Safety.
Improve on our three-year total recordable accident frequency average of 5.3	Achieved	As of December 31, 2014, our three-year average total recordable accident frequency was 3.6.
COMMUNITY
Complete human rights implementation expansion including establishing corporate standards for stakeholder engagement and grievance/feedback processes and updating our community investment policy	Partially achieved	Completed stakeholder engagement and grievance/feedback standards; community investment policy has been drafted and is being finalized.
Local employment/local market access – maintaining our Peru programs into operations and expanding our employment and procurement engagement activities in Manitoba	Achieved	See Local Hiring and Skills Development and Local Purchasing.
ENVIRONMENT
Achieve a 1% reduction in GHG emissions in Manitoba	Did not achieve	Unusually cold temperatures increased GHG emissions associated with increased heating needs. See Energy Use and Greenhouse Gas.
Identify a GHG baseline target for Peru	Did not achieve	To be set once steady-state operations are achieved in 2016.
Achieve a 1% water reduction in Manitoba	Partially achieved	Water reduction (0.4%) achieved but offset by contributions from Reed and Lalor ramp-ups. See Water.
Identify a water reduction baseline target for Peru	Did not achieve	To be set once steady-state operations are achieved in 2016.
GOVERNANCE
Review and update our GRI materiality review and integrate it with our corporate management system approach	Achieved	In the fall, we undertook a combined materiality and hazard and aspect review, which is reflected throughout the report.
Review and update our Human Rights Policy to ensure it appropriately reflects the UN Guiding Principles on Business and Human Rights	Partially achieved	Updated policy will be submitted for approval at the May 22, 2015 board meeting.
Complete the implementation of the first phase of our EHSC information management system	Achieved	See CSR Governance.
FINANCIAL EXCELLENCE/GROWTH TARGETS
Achieve commercial production from the Reed mine	Achieved	See Development.
Achieve commercial production from the main production shaft at the Lalor mine	Achieved	See Development.
Achieve initial production from the Constancia project	Achieved	See Development.
Increase contained metal in concentrate production across all key metals	Did not achieve	See Operations.