Creating
value
Business model
Economic value generated US$ | 2023 | 2022 |
---|---|---|
Income | 5,928,965 | 5,523,358 |
Economic value retained US$ | 478,183 | 530,136 |
---|
Economic value distributed US$ | 2023 | 2022 |
---|---|---|
Operating costs | 3,072,031 | 2,760,920 |
Wages and benefits | 611,970 | 513,048 |
Payments to value-chain partners* | 1,307,199 | 1,109,186 |
Federal government** | 166,038 | 273,344 |
Local governments | 82,482 | 70,045 |
Interests | 148,615 | 157,380 |
Shareholders | 56,441 | 102,659 |
Social investment | 6,006 | 6,640 |
TOTAL | 5,450,782 | 4,993,222 |
* Contractors and suppliers
Note: Our financial statements were externally audited.
Our purpose
To generate opportunities and well-being by sustainably supplying essential resources
Our purpose guides our strategic decisions, balancing our needs with those of our stakeholders and the environment. Sustainability is at the core of our purpose to ensure the organization’s viability in the future, always keeping in mind our socio-environmental responsibility.
Our approach to sustainability is based on three principles:
Embed sustainability in our organizational culture
Our organizational culture, based on our CRIL values (trust, responsibility, respect, integrity, and loyalty), inspires us to responsibly manage our positive and negative impacts on sustainable development, aspiring to carry out our activities with zero damage to people and the environment. To achieve a good sustainability performance, we rely on our culture’s key behaviors: accountability, co-creation, and work in ecosystems.
Operate in a socially and environmentally compatible manner
We seek to operate in a manner that is compatible with the environment and the aspirations and expectations of our people, communities, and other stakeholders. This approach tries to ensure that our activities are carried out in a manner that preserves the health, safety, and well-being of our people, while respecting human rights and indigenous peoples. We also seek to protect the environment with a social commitment, through efficient water management, carbon footprint reduction, responsible management of tailings storage facilities, control of atmospheric emissions, restoration of mining sites, conserving biodiversity, and other initiatives. We try to conduct our activities by responsibly managing our social impacts on communities, addressing their concerns and aspirations.
Share benefits with our stakeholders
We focus on making a positive contribution to the local and national economy through our economic value distributed and the development of our people and partners in the value chain. To share the benefits with communities, we go beyond our social license by generating employment and local supply opportunities and joining the causes that matter most to them, and we make them relevant through social programs and alliances for the common good with governments and civil society.
Contribution to the Sustainable Development Goals
Core business
For more information on the progress of our material SDGs, please go to the following sections:
We also identified the SDGs to which we indirectly contribute: