SUSTAINABILITY REPORT

“We have made profound changes in our organization, with the formation of new work teams, diverse teams: from the perspective of gender, ethnicity, age, professions, experiences. This diversity put at the service of the processes that make us a mining operation with a solid risk management in people, processes and assets, dresses us in long pants to successfully face the challenges of the business”.

Francisco Carvajal Palacios, Chief Executive Officer, Compañía Minera del Pacífico

Sustainability Report 2023

CMP considers transparency in the communication of its actions and management of utmost importance, which is why it is pleased to present its Sustainability Report for the year 2023. The central focus of this report is the territories, representing a tangible commitment to its strategic partners, as well as to people. This document reflects CMP’s ongoing commitment to sustainability and its contribution to global efforts for sustainable development.

40%

of total purchases are from local suppliers, ideally SMEs. This is really important for us, because in this way we help the development of the territories in which we are located and thus we grow together.

From the heart of our processes, we create a different kind of mining for the sustainable development of the territory and its people.

CMP is the largest iron ore mining company in Chile, producing 99% of the ore and 98% of what is exported to more than seven countries.

Our attributes

Alignment:

We all work in the same way, for a global objective and in accordance with Process Risk Management (PRM).

Simplicity:

We act and communicate in a simple and clear manner, thus achieving the efficiency that our processes require.

Discipline:

We execute our role with rigor and perseverance, and manage all our processes accordingly.

Where are CMP's operations

Our products

Pellet feed
Pellet
- Basic or self-funding
- Direct reduction
- Chip
Chalk
Fine

Our achievements in 2023

During 2023, CMP signed a commercial agreement in the electricity supply contract with company Guacolda SpA, in which it agrees to anticipate the closing of the current coal-based contract to December 2025, to give way to a new renewable energy supply.

17

million tons

In 2023, 17 million tons of iron products were shipped in the three ports.

907

kUS$

CMP has an EBITDA of around
907 (kUS$) per year.

60%

women

The executive committee is made up of 60% women.

In 2023, 47% of new hires were women, raising female participation to 14%.

-98%

CO2 emissions

In Huasco we were able to reduce emissions around 98% and air quality has improved.

3,343 CO₂emissions avoided with the migration from fuel buses to electric buses

100%

desalinated water

In the Copiapó valley, 100% desalinated and recirculated water is already being used.

Thanks to the “Filtered Tailings Deposit” project, CMP has been able to reduce fresh water consumption from the Huasco River by 28%.

1.300

beneficiaries

In order to promote shared growth between the artisanal fishing sector of Caldera and CMP, we signed a collaboration agreement, which directly benefits 1,300 members.

-43%

CO2 emissions

Arrival of the first hybrid vessel that allows a 43% reduction in CO₂ emissions

4

hydroacoustic buoys

Installation of 4 hydroacoustic buoys in Chile together with Acústica Marina.

224.826

kg of NFU

Valorization of 224,826 kg of End-of-Life Tires in 2023, meeting the goals established law and receiving recognition from Bridgestone for exceptional compliance.

Reuse of 35,480 kg of historical end-of-life tires and recycling of 42,330 kg, transforming them into rubber pallets for CMP sports gyms.

Sustainability Report 2023

In its twenty-second (22nd) sustainability report, CMP reports on the management of its environmental, social, economic and governance impacts. The information contained in the report covers the company’s operations from January 1 to December 31, 2023.

The report has been prepared in accordance with the Core option of the Global Reporting Initiative (GRI) Standards, which provides standardized indicators -material aspects- to measure the degree of environmental and social responsibility of a company in relation to its surroundings. The GRI standards are directly linked to the Sustainable Development Goals (SDGs) established the United Nations.

Download our Sustainability Report 2023 or access its content chapters:

Presentation

Read our CEO's statement and learn about what we do, how we do it and our history.

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Mining business development

In this chapter you will find our industrial facilities, business results and projections as well as our customers' satisfaction.

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Territorial Management

Here you can learn more about our suppliers and our collaborative relationship model.

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Environment

In this section you will find our new operational standard, information about our decarbonization plan, our water use, among other relevant topics.

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Innovation and Future

Here you can learn about our work with filtered tailings deposits, our circular economy program with the Magnetite Plant and our Puerto Cruz Grande Project.

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Development of people with diversity

In this chapter you will learn about our approach to diversity and inclusion and how we manage the occupational health and safety of our employees.

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Organizational management for sustainability

Finally, in this section you will find our approach to sustainability, our Corporate Governance and our ethics and compliance standards.

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Strategic Sustainability Priorities

The structure of the report follows the strategic Sustainability priorities of our organization, reflecting our firm commitment to corporate responsibility and transparency.

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Financial Statements

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GRI Index

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