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2021 Sustainability Performance
How Hudbay manages the social, environmental and economic risks, impacts and opportunities associated with its activities directly correlates to the Company’s success in both the short and long term. Living our values helps us meet stakeholder expectations, build stronger relationships with key stakeholders and make Hudbay a more sustainable company.
15%
Indigenous employment in Manitoba
17%
overall female employment
Our People
Hudbay’s success today and in the future requires that we employ a skilled, high-performance workforce that is representative of the communities where we operate. We strive to provide a work environment where people’s skills and strengths strongly connect to their role at Hudbay and where everyone feels a sense of belonging and support for their career goals.
1%
increase in energy consumption
Renewable
More than half of our indirect energy consumption is from renewable sources
Environment
We aim to develop, operate and close mines in a manner that demonstrates our commitment to environmental stewardship. This requires applying best practices, complying with all applicable environmental laws and regulations, and transparently disclosing our performance to stakeholders.
2021 Targets and Achievements
| Target | Achievement | Details |
|---|---|---|
|
Health and Safety
|
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| Match or improve on our current three-year average lost time injury severity of 6.7 | Not achieved | Further explanation about our performance is provided in the Enhancing Focus on Preventing Fatalities section. |
| Match or improve on our three-year total recordable injury frequency average of 1.3 (based on ICMM classification criteria) | Not achieved | Further explanation about our performance is provided in the Enhancing Focus on Preventing Fatalities section. |
|
Community
|
||
| Reach agreements with individual community members that currently use portions of the acquired Pampacancha lands | Achieved | We completed our land user agreements for Pampacancha in early 2021 and moved forward with development activities, achieving first production in early 2021. |
| Continue to provide local communities with planning information and support for economic transition related to the closure of the 777 mine and metallurgical complex in Flin Flon, Manitoba, in 2022 | Achieved | More information is provided in the Connected to Community feature story. |
|
Environment
|
||
| Hudbay operating locations achieve level “A” or higher for all indicators in the initial public reporting of the TSM Water Stewardship Protocol | Not achieved | Our Peru Business Unit achieved a level A or higher across all protocols, and our Manitoba Business Unit achieved a level A or higher in all but one (related to developing a water balance for the entire site). Although it has developed water balances for the tailings facilities, the business unit has been impacted by personnel shortages and changes due to the transition of the workforce between Flin Flon and Snow Lake. The team understands where the gaps exist and will be working toward meeting the level A requirements of the indicator. |
| Define a pathway (e.g., sources of emissions, the nature of investment steps and key technology areas, conceptual requirements for reductions to be economically feasible) for each Hudbay operation to achieve a 2030 Scope 1 and Scope 2 greenhouse gas emissions (GHG) target that is consistent with a path to achieving the global objective of limiting global warming to well below 2°C (above pre-industrial levels). The pathway will guide our investment evaluations and inform our suppliers and partners of our needs so that we contribute to necessary reductions. As a producer of commodity materials, we will focus on GHG intensity, as our contribution is to provide required materials more efficiently. | Not achieved | We made notable progress on this objective, engaging with external experts to better understand our current position and explore opportunities to reduce GHG emissions in the future. This work is discussed in more detail in the Connected to a Reduced GHG Emissions Future feature story. |
|
Governance
|
||
| Review and formally allocate strategic risk and risk oversight to the appropriate Board committee, including recognizing diversity and inclusion in Board risk oversight | Achieved | The Charters of each of the Board committees were revised in 2021 to clarify responsibilities for strategic risk oversight. |
|
Financial Excellence/Growth
|
||
| Meet targets on first ore milled and completion of copper flotation circuit at New Britannia mill | Achieved | First ore was processed by July 2021, and the copper flotation circuit was completed in October (two months early). |
| Meet budgeted production for the year | Partially achieved | Met consolidated copper and gold guidance but missed threshold zinc production. |
2022 Targets
Health and Safety
- Match or improve on our current three-year average lost time injury severity of 34.1
- Match or improve on our three-year total recordable injury frequency average of 1.4 (based on ICMM classification criteria)
Governance
- Complete comprehensive review/update of global anti-bribery and corruption compliance program
Community
- Avoid operational shutdowns at our Peru operations due to community/political activity
- Complete exploration agreements to enable land access at regional deposits near our Peru operations
Environment
- Adopt Scope 1 and Scope 2 emissions targets intended to achieve a 50% GHG reduction by 2030 and disclose intention to be net zero by 2050
- Design Copper World project in Arizona in compliance with 2030 and 2050 GHG objectives
Financial Excellence/Growth
- Operating cash flow – meet budgeted target
- Production – all metals within public guidance ranges