Our people
Our people’s talent and commitment are fundamental to fulfilling Peñoles’ purpose of generating opportunities and well-being by sustainably supplying essential resources.
We are committed to offering a workplace environment where people feel physically and psychologically safe, included, and motivated to develop their full potential. To do so, we nurture a strong culture that supports diversity, equity, and inclusion, and we implement responsible practices to address discrimination and harassment in the workplace. We recognize the importance of well-being, and encourage and support our people in living in balance. We have comprehensive talent development programs and outreach initiatives to cultivate future leaders within the company and our community.
We respectfully engage with unions and our unionized employees on a regular basis across our operations to nurture a solid relationship based on trust. We fully recognize and respect the rights to freedom of association, union membership, and collective bargaining.
Governance
The Committee on Ethics and Corporate Values—made up of company executives—supervises and monitors compliance with the Code of Ethics and Conduct and addresses cases of unethical conduct, including harassment and discrimination. Senior leaders at the corporate and divisional levels are involved in developing and implementing our people strategy, under the leadership and coordination of the Head of Human Resources. We benefit from close collaboration with the companies of Grupo BAL to identify and implement best practices.
Set of policies, guidelines, and procedures
Code of Ethics and Conduct
Human Resources Policy
Equality and Non-Discrimination Policy
Psychosocial Risk Prevention Policy
Protocol for Handling Cases of Workplace and Sexual Harassment and Violence
Anti-Retaliation Guidelines
Procedure for Identifying, Analyzing, and Preventing Psychosocial Risks and Violence in the Workplace
We are committed to offering a workplace environment where people feel physically and psychologically safe, included, and motivated to develop their full potential.
Context and strategic considerations
People are fundamental to delivering on our business strategy. Constructive labor relations with unions and unionized employees support improvements in safety and productivity in the industry. Training and talent development are essential to building the capacities and competencies the industry needs in the short and long term.
Impact, risk, and opportunity management
Organizational culture
Aligned with our purpose, we strive to maintain a solid culture that enables us to meet the challenges and opportunities of our business strategy and a changing environment. To this end, we develop initiatives to strengthen our culture in key areas such as occupational safety, ethics, well-being, and diversity, equity, and inclusion.
Work environment
At Peñoles, we promote workplace modernity, focused on the three pillars of work: ethical, safe, and productive. This approach allows our employees to reach their full potential, contribute to job stability, protect sources of employment, and ensure the well-being of their families and the communities where we operate.
> Competitive compensation
We offer our employees competitive and fair salaries and benefits, based on salary surveys and the Korn-Ferry/Hay Group methodology for job evaluations and salary scales.
> Psychosocial risks
Mental health is an important component of overall well-being and essential for healthy, safe, and productive work. Therefore, we are committed to addressing psychosocial risk factors, preventing workplace violence, and promoting a supportive organizational environment. A key element of our approach is the identification and analysis of psychosocial risks, as well as the assessment of organizational support through a biannual survey.
> Harassment and discrimination
Our Línea Correcta reporting mechanism allows for the reporting and handling of cases of workplace and sexual harassment. In 2024, we established a protocol for handling such cases, including sexual violence.
> Talent development and retention
Talent development is critical to business success. To support this, we offer a range of internal and external training programs in both technical and soft skills.
One of our high-impact strategic actions is identifying critical positions that ensure business continuity. We implement succession planning and career development to ensure we have the right people in the right roles at all times.
Diversity, equity, and inclusion
Diversity is a driver of innovation and effective risk management. Equity and inclusion are vital to a fair workplace and to harnessing the full benefits of diversity.
We strive to provide real opportunities for professional growth and recognition in a safe, equitable, inclusive, and respectful environment where all employees feel valued and inspired to reach their full potential.
“BAL Without Barriers” is a Grupo BAL initiative to strategically integrate diversity, equity, and inclusion into our culture.
Gender pay gap
We are committed to ensuring equal pay for men and women. We use an equity indicator to measure the gender pay gap for nonunionized, non-managerial employees based on average salary.
This gap is primarily influenced by average length of service and the proportion of women to men at different hierarchical levels. Peñoles applies a gender-neutral salary scale and compensation policy. Compensation is determined by the position’s value, not by gender, sexual orientation, religion, or other personal characteristics. Our starting salary ratio for men and women is 1:1.
Live in Balance
The Live in Balance program, an initiative by Grupo BAL companies, promotes the comprehensive well-being of employees and their families, with support from wellness specialists. As part of the program, the “Vive en Balance” survey was conducted in October and November to assess overall employee well-being.
Live in Balance survey in 2024
This comprehensive survey promotes self-care and covers seven dimensions of well-being via confidential, self-administered questionnaires. Participants received individualized feedback to help identify health and risk factors.
BAL Games and Cultural Saturday
These programs promote healthy competition through sports and cultural activities, supporting physical and mental health, building team identity, and strengthening pride in being part of Grupo BAL.
Labor relations
We work collaboratively with unions and unionized workers to build trust and foster a culture centered on ethics, safety, and mutual benefit. Company-union interaction is based on ongoing dialogue with union representatives.
At Peñoles, we fully comply with labor laws, treaties, international conventions, and regulations respecting workers’ rights, including freedom of association and collective bargaining.
> Leaders in Motion Program
We support this Mexican Business Council initiative that promotes leadership and talent development among high school and university students.
Social
We promote education, sports, and recreational initiatives to strengthen the social fabric and support health care, within a framework of respect for human rights and cultural diversity.