Sustainability
Sustainability
The standards that govern how activities are planned, assessed and carried out, across every asset we hold.
Our approach
Xstreco holds mineral assets in Peru, each advancing through its own stage of technical and economic evaluation, and is directed from Zug under Swiss law. Our requirements apply to every asset from the earliest stage of work, so that the standards governing an activity are established before it begins rather than introduced once it is under way.
We set expectations through our Group policies, supported by a Code of Conduct, a Supplier Code of Conduct, a Modern Slavery Statement and a Climate Action Transition Plan. They apply to employees, directors, officers and contractors under our direct supervision, at any office or industrial asset we control or operate. Where we hold an interest in a joint venture we do not control or operate, we use our influence to encourage conduct consistent with the same standards.
The framework is built to the standards expected of a listed international mining group, and was established in advance of the requirements it anticipates.
Key facts
Scope
The framework applies from the earliest stage of work on an asset, not from first production.
Policy control
The policy suite is issued under the authority of executive management. Each policy names the function accountable for it and the review cycle that applies to it.
Conflicting requirements
Where our requirement and a local legal requirement differ, the higher standard applies. Where they conflict, local law prevails and we record the conflict.
Certification
We hold no ISO certification and no external assurance opinion. Standards named in this section are references against which arrangements are structured.
How responsibilities are organised
Our sustainability responsibilities are organised into the areas below. Each is governed by one of our Group policies, which sets out its scope, the principles that apply and the responsibilities attached to them. The relevance of an area, and the level of management attention it requires, depend on the nature, location and stage of the activity concerned.
Areas of responsibility
Standards and frameworks
Our policies are written against recognised international standards, including the OECD Guidelines for Multinational Enterprises and the OECD Due Diligence Guidance, the UN Guiding Principles on Business and Human Rights, the ILO fundamental Conventions, the IFC Performance Standards, the GRI Standards and the Greenhouse Gas Protocol.
Xstreco is directed from Switzerland and complies with the law that applies to its activities in Peru. Our reporting is structured against recognised international reporting frameworks.
What is reported, and what is not
Sustainability information is prepared on a consistent basis, traceable to source records and comparable between reporting periods. Controls over that information are designed with a view to an assurance engagement under International Standard on Sustainability Assurance 5000.
Where an activity generates quantified performance reporting of the kind published by an operating mining group - emissions intensity, injury frequency, water consumption and production-linked metrics - it is published, together with the requirement, the governance behind it and the basis on which the information is prepared.
Raising a concern
Employees, suppliers, communities and any other party may raise a concern through the confidential reporting channels. We provide for anonymous reporting, and we do not tolerate retaliation against a person who raises a concern in good faith.
