Buenaventura

Sustainability strategy and accountability
The company discloses its process for identifying and prioritising its most relevant sustainability impacts in relation to its sustainability strategy, and provides evidence that its highest governance body has expertise on sustainability related issues.

Resource exploitation and circularity performance
The company discloses activities to improve soil health or agrobiodiversity in its production or sourcing practices.

Solid and air pollution
The company discloses the amount of hazardous residues recycled/reused and hazardous residues disposed.

Water
The company reports a decrease in water pollution and discloses its processes for managing and monitoring discharge water quality.

Indigenous Peoples’ and land rights
The company respects the rights of vulnerable groups such as indigenous peoples.

Act ethically
The company maintains a publicly available policy statement that prohibits bribery, corruption, and related crimes. It includes anti-bribery and anti-corruption clauses in contracts with its business relationships, with provisions allowing the termination of these relationships if violations occur. Additionally, the company offers a reporting mechanism through a website and a toll-free phone line, accessible to all, for raising concerns related to bribery and corruption. This system protects the anonymity of complainants, ensuring there are no reprisals, thus promoting a secure and open environment for reporting misconduct.

Provide and promote decent work
The company has a policy publicly affirming its commitment to the health and safety of workers and ensuring adequate working conditions for employees, contractors, and visitors, including preventive measures to avoid injuries and illnesses.

Respect human rights
Buenaventura commits to upholding human rights as detailed in its publicly available policy, endorsed by the highest governance body, ensuring compliance with internationally recognised standards and the ILO conventions. This commitment extends to eliminating discriminatory practices and fostering diversity and inclusion. They enforce strict prohibitions against child labour, forced labour, and human trafficking. Their policies also secure the rights to freedom of association and collective bargaining. The company also expects their suppliers to prevent and address any human rights violations.

Lobbying
The company does not report on its lobbying and advocacy practices on nature-related issues, nor whether these activities align with its sustainability strategy.

Stakeholder engagement
The company does not disclose how it engages with stakeholders, nor the issues it raises during such activities.

Sustainability strategy and accountability
While the company discloses some sustainability targets, it has an opportunity to establish group-wide targets for the most material parts of its value chain. The company has an opportunity to report consistently against all its targets. The company has an opportunity to link performance criteria in senior executives’ remuneration policies to targets and objectives which cover nature, including biodiversity, and social issues.

Ecosystem conversion and restoration
No evidence was found regarding the company’s efforts to avoid ecosystem conversion, including deforestation, or promote restoration. The company has an opportunity to develop a strategy and publicly report on specific, time-bound targets.

GHG emissions
The company should set time-bound targets to reduce its scope 1, 2 and 3 greenhouse gas emissions as well as report progress against them. Crucially, the company needs to reduce its scope 1,2 and 3 emissions and its targets need to align with a 1.5-degree trajectory.

Impact and dependencies assessment
The company has not holistically assessed its impacts or how it depends on nature, including biodiversity. It has an opportunity to start such an assessment across its value chains, focused on quantification of its impacts or dependencies.

Invasive species
The company has not identified any activities that could lead to the introduction of invasive alien species in its own operations.

Key areas and species
The company does not disclose key species or areas important for biodiversity affected by its operations or suppliers. It has an opportunity to increase its transparency.

Resource exploitation and circularity performance
No evidence was found regarding the company’s efforts to work towards a circular economy or which organisms it exploits. The company has an opportunity to develop a strategy and publicly report on specific, time-bound targets.

Solid and air pollution
The company is not reducing the production of hazardous waste. It has an opportunity to disclose quantitative evidence regarding plastic use reduction and the use of sustainable packaging. The company does not report on the amount of plastic waste generated or the proportions directed to or diverted from disposal. It also does not report metrics on air pollutants, nor set time-bound targets to reduce them.

Water
The company’s water withdrawal has increased. The company has an opportunity to disclose a time-bound target to reduce water withdrawal across its own operations and reports progress against the target. The company has an opportunity to report how much water is withdrawn for its own operations in water-stressed areas, and to engage with suppliers to reduce water withdrawal. The company does not report relevant information on water pollution. The company does not disclose a commitment to respect the right to water or provide its processes for implementing preventive and corrective action plans for identified specific risks to the right to water and sanitation in its own operations.

Indigenous Peoples’ and land rights
The company does not show if it is committed to respecting Indigenous Peoples’ rights or land rights of local communities.

Safe, clean, healthy and sustainable environment
The company has an opportunity to commit to respecting local communities’ right to a safe, clean, healthy and sustainable environment, and to zero tolerance for acts of violence, threats, intimidation or judicial harassment committed against land and environmental rights defenders. Moreover, it should track its actual or potential negative impacts on the health of local communities.

Act ethically
The company performs due diligence on business associations related to compliance and prohibits political contributions without general manager approval. However, it does not detail the bribery and corruption risk identification process. The company has an opportunity to publicly set out its political engagement approach and enhance transparency regarding its lobbying activities.

Provide and promote decent work
The company provides detailed health and safety performance data but misses some injury types and does not publicly commit to a comprehensive health and safety policy for workers or its business relationships. It mentions wage compliance with local standards but does not verify if these meet living standards or outline objectives for achieving a living wage for all workers and those in its supply chain. While it makes efforts towards equal opportunities, the company still has an opportunity to make a broad public commitment to gender equality or specific empowerment targets, as well as disclose the gender representation in leadership and across operational levels.

Respect human rights
The company has undertaken human rights due diligence aimed at identifying and mitigating negative impacts across its operations, which includes training and collaborative risk identification efforts. Despite these initiatives, there is a lack of detailed public disclosure on the specific processes used to identify human rights risks in its own operations. Similarly, while the company categorizes suppliers based on ESG criteria and performs regular assessments, it does not equate these with a comprehensive human rights risk assessment. There is an opportunity for the company to clearly outline its methods and publicly disclose the outcomes of its assessments, particularly in relation to how it manages and mitigates human rights risks systematically across both operations and supplier relationships.