Hudbay Minerals Inc (HBM)

[NYBob]

nowwhat2 thanks; HUDBAY ANNOUNCES RELEASE OF ITS 18TH ANNUAL SUSTAINABILITY REPORT
MAY 18, 2021
TORONTO, May 18, 2021 (GLOBE NEWSWIRE) --

Hudbay Minerals Inc. (“Hudbay” or the “company”) (TSX, NYSE: HBM) today announced the release of its integrated annual and sustainability report (“Annual Sustainability Report”). The Annual Sustainability Report provides transparency and progress on key accomplishments and initiatives in 2020.

http://www.hudbay.com/news-media/default.aspx#2021#Hudbay-Announces-Release-of-its-18th-Annual-Sustainability-Report

Hudbay believes that continuously improving how the company manages the social, environmental and economic risks, impacts and opportunities associated with its activities is critical for the company’s long-term success.

Hudbay’s 2020 Annual Sustainability Report disclosures were mapped to the Global Reporting Initiative (GRI), the Sustainability Accounting Standards Board (SASB) Metals & Mining industry standard and the Task Force on Climate-related Financial Disclosures (TCFD).

Hudbay also provides disclosure through the CDP Climate, Water, and Forests questionnaires.

To inform Hudbay’s sustainability programs and improve its performance, the company applies and voluntarily supports several international best practice standards, including ISO 14001, ISO 45001, ISO 9001, Towards Sustainable Mining, the Voluntary Principles on Security and Human Rights and International Finance Corporation (IFC) Performance Standards.

As a member of the Mining Association of Canada, Hudbay implements the Towards Sustainable Mining (TSM) Protocols at all of its operations, with the goal to maintain a score of “A” or higher for all protocols.

The implementation of the TSM Tailings protocol and the company’s commitment to ensuring that its Tailings Storage Facilities are constructed following the Canadian Dam Safety Guidelines represents substantial alignment to the new Global Tailings Standard released in 2020.

Over 50% of Hudbay’s total energy consumption in 2020 was from renewable sources. All electricity at Hudbay’s operations is supplied by third parties via regional grids. Nearly all of the electricity produced in Manitoba is through renewable hydropower and, in Peru, over 50% is from renewable sources.

Constancia continued its leading safety track record among Peruvian copper mines and was the first mine in Peru to obtain the SafeGuard certification, recognizing full compliance with all COVID-19 safety protocols.

Manitoba achieved its annual safety targets and continuous operations in an environment of enhanced COVID-19 safety protocols and controls, while working closely with the local health authorities.

Hudbay recognizes the opportunity that the mining industry has to positively contribute to the 17 UN Sustainable Development Goals (SDGs) that are a part of the UN’s 2030 Agenda for Sustainable Development.


At the end of 2020, Hudbay established a Diversity and Inclusion Committee composed of employees at the corporate office.

The committee will advise management on diversity, inclusion and equity topics and ideas, and help further our values and commitments, including those outlined in the company’s commitment to the BlackNorth CEO Pledge.


In terms of gender diversity, Hudbay supports the Catalyst Accord 2022 and the 30% Club, both of which call for the advancement of women in business, and the Board has adopted a stand-alone Diversity Policy that includes a target for the company to have at least 30% women directors.


“In 2020, like the rest of the world, Hudbay was confronted by the challenge of COVID-19. Thanks to the dedication of the many people across our organization, we were able to meet that challenge successfully and protect the well-being of our employees and communities while continuing our operations,” said Peter Kukielski, Hudbay’s President and Chief Executive Officer.

“Against a background of challenging political situations, we acknowledged the imperative of addressing climate change, and a renewed expectation that businesses must contribute to building a more inclusive society.

While our Annual Sustainability Report focuses on what we achieved in 2020, I see these accomplishments as the foundation for long-term growth and exceptional results.”

Details of the company’s annual and sustainability results can be found on Hudbay’s website at:

https://hudbayminerals.com/disclosure-centre/default.aspx

and the full Annual Sustainability Report can be downloaded here.

https://hudbayminerals.com/


http://www.hudbay.com/news-media/default.aspx#2021#Hudbay-Announces-Release-of-its-18th-Annual-Sustainability-Report

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