Better Health for All

The company's principal goods and services, primarily copper and by-products, have no significant direct positive or negative health impact. The company reported a $775,000 fine for failing to comply with water management regulations at its Centinela copper mine, categorized as a minor violation.

However, it invested $74.9 million in a particulate matter collection system in Antucoya and has air quality monitoring programs. It also supports water management initiatives benefiting over 64,000 residents and 16,000 people for drinking water. In 2024, the company's social investment programs totaled $48 million, representing 0.75% of its $6.4 billion revenue. These programs include initiatives like the En Red-Digital Community programme, which seeks to alleviate remote communities’ shortage of specialist doctors and lack of access to medicines, and the Somos Choapa and Diálogos para el Desarrollo programs fostering social and economic quality of life.

Fair Money & Economic Opportunity

Antofagasta PLC, a mining company, reinvested $48 million in social investment programs in 2024

, which represents approximately 1.41% of its $3.4 billion EBITDA for the same year . This percentage falls between 1% and 2% in the rubric, mapping to a score of -90 as it is closer to the 1% threshold. As the company's core business is not financial services, most KPIs related to consumer lending, deposits, or financial products are not applicable. This includes underserved client share, pricing fairness, exploitative fee exposure, inclusion initiatives (loan/insurance book), data accessibility, fair lending compliance, wealth building outcomes (credit/savings), debt burden ratio, geographic inclusion (banking deserts), and product simplicity. While the company engages in various community development, education, and entrepreneurship programs, the provided evidence does not contain the specific financial metrics or customer-based percentages required to score these under the defined financial services KPIs.

Fair Pay & Worker Respect

77% of direct employees are covered by collective bargaining agreements.

The Total Recordable Injury Frequency Rate (TRIFR) was 1.64 in 2024, with zero fatalities. An employee engagement survey in 2024 showed 88% of employees have a high engagement level. The estimated voluntary employee turnover rate is 12.35%. The company reported zero allegations regarding modern slavery or human trafficking in 2024, zero incidents of violations involving Indigenous peoples’ rights in 2024, and operates a widely used whistleblowing channel. The company provides complementary health, catastrophic, and dental insurance for its own employees and requires contractor companies to provide health and life insurance for their employees.

Fair Trade & Ethical Sourcing

In 2024, the company's total expenditure occurred in low- or medium-risk countries, with no direct business transactions with entities in high-risk countries.

A global sustainability risk analysis of 3,340 suppliers in 2024 identified no suppliers categorized as “very high risk.” All supplier contracts include clauses related to ethics, modern slavery, crime prevention, bribery, asset laundering, and compliance with Chilean Law No. 20,393 and the UK Bribery and Modern Slavery Acts. No allegations regarding potential modern slavery or human trafficking issues were received in 2024, and no risks related to modern slavery were detected in 360° assessments. The Human Rights Due Diligence Process also did not disclose any child labor incidents. In 2024, 11% of purchases, totaling $691 million, were from local suppliers.

Honest & Fair Business

Antofagasta PLC incurred a regulatory fine of US$ 196,202 in 2023 for a water leak.

The company achieved an S&P Global CSA score of 73. It maintains open whistleblowing channels with a non-retaliation policy, received 583 allegations in 2023, and 100% of employees participated in Ethics Code training. Community grievances are typically resolved within a 30-day period. The board comprises 6 out of 11 independent members, representing 54.54%. The company has a Crime Prevention Model certified by an external entity, ensuring compliance with anti-bribery and anti-corruption laws in the UK and Chile, and includes anti-corruption clauses in all contracts.

No War, No Weapons

Antofagasta PLC, a copper mining group, has no evidence of revenue from arms or defense contracts, nor any defense-related business activities, making several KPIs not applicable.

The company's Human Rights policy is aligned with the UN Guiding Principles on Business and Human Rights , and no violations related to its human rights commitment have been found to date. The Board is responsible for monitoring sustainability policies and best practices. The company places particular emphasis on avoiding exploitation, slavery, human trafficking, and child or forced labor in its operations and supply chain, requiring specific declarations from suppliers regarding modern slavery. No violations related to these ethical red lines have been found to date, indicating 100% compliance with its comprehensive ethical standards throughout its value chain.

Planet-Friendly Business

Antofagasta sources 46.07% of its operational energy consumption from renewables, with 100% of its electricity from renewable contracts, though fuels like diesel remain a significant energy source.

The company protects 27,808 hectares, an area six times larger than its Los Pelambres mine operations, and manages four nature sanctuaries, undertakes phytostabilisation, and safeguards endangered species. In 2024, the company recorded 72 Environmental Approval Resolutions (RCAs). While recent reports for 2023 and 2024 indicate zero significant environmental events, a minor water management compliance violation at its Centinela mine, with a $775,000 fine, was recorded from inspections between 2019-2020. The company follows TCFD recommendations, disclosing climate-related risks and including climate scenario analysis. 42% of its water withdrawal is sourced from water-stressed basins, as all four mining operations are located in such regions, despite 58% of water extraction being from seawater. Antofagasta invests over $15 million in a desalination plant in the drought-affected Choapa Valley as a climate adaptation measure, representing 12.29% of its total environmental expenses.

Respect for Cultures & Communities

The company has 29 active formal agreements with Indigenous Communities in the Choapa province and GHPPI at Los Pelambres as of 2023.

It reported zero incidents of violations involving Indigenous peoples’ rights in 2024. An Indigenous Peoples Engagement Standard is applied, and a Human Rights Due Diligence process assesses economic, social, and cultural impacts. 48% of employees are residents of the regions of significant operations. Community complaints are usually resolved within a 30-day period. The company undertakes active protection measures for cultural sites, including a conservation and revitalisation project for the Tambo de Camar and new facilities to protect 1,462 boxes of archaeological material. For procurement, 16% of all company purchases are from local suppliers in the Coquimbo and Antofagasta Regions.

Safe & Smart Tech

The company demonstrates exceptional commitment to security training, with 99.9% of employees completing the cybersecurity and data privacy awareness course

. This mandatory training is reinforced by quarterly phishing simulations for all employees , and failure to complete it reduces annual bonuses and performance ratings . The global cyber operations team has attained ISO 27001 certification and accreditation . A 24/7 global cyber operations team manages cybersecurity controls , and security reviews, including vendor risk and data privacy impact assessments, are conducted for all new solutions at the project delivery stage . Cybersecurity policies and standards are informed by the US National Institute of Standards and Technology (NIST) framework .

Zero Waste & Sustainable Products

Over 70 waste reduction initiatives have been identified and implemented

, including recycling 5,800 kg of wood waste , a pilot project to produce 97 tonnes of steel from 156 disused mine haulage truck tires , recycling HDPE piping and anodes , selling 1,794 tonnes of old locomotive parts as scrap metal , and installing 25 collection centers for recycling plastic bottles, aluminum cans, and paper . A Circular Economy Strategy was approved in late 2022 and is being implemented in 2023 , based on principles of reducing resource consumption, extending the useful life of materials and equipment, and converting waste into new resources . The 'Suppliers for a Better Future Programme' launched in December 2022 sets ESG targets for suppliers, including waste, and applies sustainability criteria to contracts over $10 million . A risk screening of over 2,500 suppliers (almost 70%) was carried out , and a sustainability rating diagnosis for approximately 50 of the largest suppliers was completed by the end of 2022 . New supplier requirements for packaging, pallets, and transport were introduced in 2023 . Environmental audits were performed on all operations in 2022 . No significant environmental events were reported in 2024 , and 29 events reported in 2022 had no severe environmental consequences . In 2024, 13,199 tonnes of hazardous waste were generated , with 621 tonnes recycled .