At Peñoles, the values of trust, responsibility and respect, integrity, and loyalty guide our conduct and decision-making. We are convinced that ethics and integrity represent a strategic advantage for maintaining trust and generating long-term value for our stakeholders. Given this great responsibility, we are committed to adopting international best practices and continuously improving our ethics and compliance program. We are participants in the United Nations Global Compact and are firmly committed to Principle 10: Businesses should work against corruption in all its forms, including extortion and bribery.
Governance
Having solid, reliable corporate governance—responsible in its decisions and supported by active oversight from experienced and diverse leadership—has been fundamental to the organization’s success.
Ethics and integrity
Responsible value chain
Value chain responsibility signifies a company’s strategic management of relevant environmental, social, and governance issues across their products’ lifecycle. As we move to a circular economy, society increasingly expects businesses to be more involved in pressing issues like climate change, water stewardship, waste management and the conservation of the natural capital. Similarly, society expects a positive contribution from companies to eliminate corruption and respect human rights. These expectations extend to a company’s value chain.
We hold responsible supply certifications.
In the chemical sector, our Química del Rey subsidiary participates annually in the EcoVadis assessment. This year, we added the EcoVadis assessment for our Milpillas operation, a copper cathode producer.
Key value chain partners
Raw materials suppliers
Mining companies that supply complex ore concentrates and other materials to our metallurgical business for processing and production of refined metals.
Select each partner to view the details.
Our company conducts enhanced due diligence of contractors and suppliers as part of our efforts to ensure a business environment free of modern slavery. This due diligence is part of Fresnillo plc and Peñoles’ responsible practices to comply with the UK Modern Slavery Act 2015, designed to eradicate slavery, servitude, forced labor, and human trafficking.
This due diligence of our partners in the value chain deepens our understanding of their human rights policies, prevention practices (e.g., communication, awareness-raising, training), reporting mechanisms, and due diligence in the second tier of our value chain.
Our supplier and contractor development program recognized 73 companies from our metals and mining divisions for achieving the goal of zero accidents, zero injuries, and zero fatalities.
