Hudbay’s Culture Initiative Leads to Enhanced Leadership Development Programs
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2023 Sustainability
Performance
We care about our people, our communities and our planet. That is the foundation of our purpose and of our success. It helps us to build strong partnerships and gain access to opportunities. By embedding sustainability concerns into our strategy, we are better able to identify and manage risks, while effectively delivering returns for all of our stakeholders.
People
We care about our people. We invest in our employees and strive to provide a safe, healthy, respectful and rewarding workplace that fosters a values-based culture where everyone has the opportunity to grow and thrive.
14%
Indigenous employment in Manitoba and British Columbia
20%
local community
employment in Peru
employment in Peru
Communities
We care about our communities. Through strategic investments in career opportunities, local procurement and economic development, we aim to enhance the quality of life and create better futures for the communities near our operations.
$257.1M
paid in employee wages and benefits
$9.3M
in community investments and charitable donations
Planet
We care about our planet. From exploration to closure, we operate safely and responsibly, we welcome innovation, and we strive to minimize our environmental footprint while following leading practices in all facets of mining.
80%
of our indirect energy consumption from renewable sources
77%
of total water used
was recycled1
was recycled1
1 Water recycled does not include the full impact of our British Columbia Business Unit as process water data was not available at the time of data collection.
Targets and Achievements
| Target | Achievement | Details |
|---|---|---|
|
Health and Safety
|
||
| Match or improve on our three-year total recordable injury frequency average of 1.35 (based on ICMM classification criteria) | Achieved | Further explanation about our performance is provided in the People section. |
|
Community
|
||
| Avoid operational shutdowns at our Peru operations due to community/political activity | Achieved | Operations continued notwithstanding roadblocks throughout Peru. More information is provided under Communities > Peru, and in the Power of Community in Peru and Resilience and Meaningful Relationships Prevail Amidst Social Unrest in Peru feature stories. |
| Returning Manitoba TSM Indigenous and Community Relationships Protocol performance to A or above for all of the indicators | Partially achieved | More information is provided in the Towards Sustainable Mining discussion. |
|
Environment
|
||
| Conduct active tracking and monitoring at each business unit (with reporting into corporate) involving identification of reduction opportunity areas, with status of development, economics and partner/supplier engagement | Achieved | More information is provided in the Making Progress on Our GHG Roadmap feature story. |
| Identify and disclose in Copper World pre-feasibility study (PFS) (or on a stand-alone basis) opportunities that would allow development of Copper World within our current 50% reduction target | Achieved | Copper World’s PFS contemplates significant carbon emissions reduction. More information is provided under Planet > Arizona and Nevada. |
| Complete an internal assessment for Copper World project against the TSM Biodiversity and Water Stewardship Protocols | Partially achieved | We initiated an internal assessment in May 2023, but we were unable to complete the review due to resource constraints and a temporary shift in priorities related to the Copper Mountain acquisition. |
|
Governance
|
||
| Roll out new High-Potential Employee Program | Achieved | More information is provided in the Hudbay’s Culture Initiative Leads to Enhanced Leadership Development Programs feature story. |
| Execute action plans developed in 2022 based on the 2021 culture survey | Achieved | More information is provided in the Hudbay’s Culture Initiative Leads to Enhanced Leadership Development Programs feature story. |
| Design and complete materials for the Manitoba supervisory training program | Achieved | More information is provided in the Hudbay’s Culture Initiative Leads to Enhanced Leadership Development Programs feature story. |
|
Financial Excellence/Growth
|
||
| Production – all metals within public guidance ranges | Achieved | Production targets exceeded consolidated production guidance for all metals. More information is provided in the MD&A. |
| Operating cash flow – meet budgeted target | Achieved | Exceeded budgeted targets. More information is provided in the MD&A. |
| MBU to hoist 3% more ore up the shaft in 2023 over 2022 | Achieved | Exceeded budgeted targets. More information is provided in the MD&A. |
2024 Targets
Health and Safety
- Match or improve on our three-year total recordable injury frequency average of 1.35 (based on ICMM classification criteria)
Community
- Execute Participation Agreements covering New Ingerbelle
Environment
- Complete studies that further advance our goals to reduce GHG emissions
Financial Excellence/Growth
- Production – all metals within public guidance ranges
- Operating cash flow – meet budgeted target
- Operations – MBU to complete drift to 1901 within 10% of budgeted cost
- Operations – BCBU mill stabilization, mine production and projects contemplated in budget are on schedule