In 2023, Grupo México advanced one level (from B to BB) in comparison to its 2022 score in the ESG Ratings assessment conducted by the MSCI agency[1].

[1] The use by Grupo México of any information from MSCI ESG Research LLC or its affiliates (“MSCI”), and the use of MSCI’s logos, trademarks, service marks, or index names herein, do not constitute sponsorship, endorsement, recommendation, or promotion of Grupo México by MSCI. MSCI’s services and data are the property of MSCI or its information providers and are provided “as is” and without warranty. The names and logos of MSCI are trademarks or service marks of MSCI.​

In the labor aspect, our Processing Plant in Sonora, our smelter and refinery for ore mined in the region, received Great Place to Work certification to rank our plant the best place to work in the Northwest Region and the fourth best place to work in Mexico, among companies with more than 500 employees. ​

Our Processing Plant also ranked among the Top 10 Best Places for Women to Work in 2023. With this recognition, we take our place as the employer of choice for the best professionals in the country, affirming our organizational culture of safety, trust and certainty for all company personnel.”

In 2024, Grupo México decreased one level of risk in the ESG Risk Ratings Report evaluation by the rating agency Morningstar Sustainalytics, moving from a High risk level (30.07) in 2023 to a Medium risk level (27.53) in 2024. In no case shall this information be construed as investment advice or expert opinion as defined by applicable law.

Copyright © [2024] Morningstar Sustainalytics. All rights reserved. This [publication/article/section] contains information developed by Sustainalytics (www.sustainalytics.com). Such information and data are the property of Sustainalytics and/or its external providers (Third-Party Data) and are provided for informational purposes only. They do not constitute an endorsement of any product or project, nor investment advice, and do not guarantee that they are complete, timely, accurate, or suitable for any particular purpose. Their use is subject to conditions available at https://www.sustainalytics.com/legal-disclaimers.

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We received The Copper Mark, The Zinc Mark and The Molybdenum Mark responsible production seals in 2023 for our La Caridad Mine, our Sonora Processing Plant and the​ San Luis Potosi Zinc Refinery. These certifications are awarded for responsible production, focusing on various areas, including: i) human rights, ii) community relations, iii)​ working conditions, iv) the environment, and v) legal compliance. We also started the certification process for our Buenavista del Cobre mine in Sonora and for our three mines in​ Peru (Cuajone, Toquepala and Ilo).”

In 2023, our environmental management systems from all our Mining Division business units are certified under the ISO 14001 standard.

In biodiversity, we received Wildlife Habitat Council (WHC) certification for the conservation efforts of our Buenavista del Cobre Wildlife Conservation Center (in Spanish, the UMA) in the gene recovery, behavioral rehabilitation and reintroduction of the Mexican Gray Wolf (canis lupus baileyi), as part of the Mexico-USA Binational Conservation Program for the Mexican Gray Wolf.

In occupational safety, our “La Caridad” Processing Plant (METCO) precious metals plant received the Casco de Plata award for the third year in a row. The Mexican Mining​ Chamber awards this recognition each year to the operations with the best performance in Workplace Health & Safety.

100% of our mines received ISO 45001 certification in 2023 for their occupational health and safety management systems.

For the third consecutive year, both Grupo México and Southern Copper Corporation have been included in the Sustainability Yearbook 2024, listing the top 15% of companies in each sector based on Corporate Sustainability Assessment (CSA) ratings.​

We also received the ELSSA Program Award for all our mining operations in Mexico. The Mexican government awards this recognition to companies that promote safe and healthy workplace environments.”​

Both Grupo México and Southern Copper Corporation ranked in the top 10% of mining sector companies in 2023, Grupo México taking 9th and SCC 18th out of 200. We also received some of the highest scores for the sector in topic areas that include emissions, energy, labor practices, safety, human rights and water.

Also, our subsidiary Grupo México Transportes (GMXT) improved its score by 14% over 2022.

In 2023, Grupo México maintained its rating of “B” in evaluations of climate change and water security, on a scale of eight levels, positioning two levels above the global average rating of “C” for companies worldwide.

Additionally, in 2023, we responded to the Forests questionnaire for the first time, aiming to further identify areas of opportunity in alignment with sector expectations.​

The Infrastructure and Transportation divisions have been awarded the Socially Responsible Company (ESR) distinction by the Mexican Center for Philanthropy (CEMEFI) for the seventh and ninth consecutive years, respectively. ESR recognizes companies and organizations established in Mexico that meet a series of criteria encompassing economic, social, and environmental profitability and sustainability.​

Grupo México participated in the World Benchmark Alliance Corporate Human Rights Benchmark annual assessment, for which we provide detailed explanations of our due​ diligence process for human rights and descriptions of our programs to protect the human rights of our employees, communities and stakeholders.

We improved 5 positions in​ the extractive companies category in 2023, ranking 14th (out of 55), compared with our 19th position in 2020.

In 2023, Grupo México was invited to 7 national and international forums to showcase the company’s Community Development Model as a best practice. Notably, our participation in the 12th UN Global Forum on Business and Human Rights in Geneva, Switzerland, underscores our commitment to advancing human rights principles on a global scale.

We received the Empresas Excepcionales recognition awarded by the Business Coordinating Council, the Institute for Quality Promotion, and the Council of Communication for maintaining social practices that contribute to improving the quality of life through the Community Development model.

Since 2018, the Inter-American Development Bank (IDB) has recognized our Community Development Model as one of the best community practices in the extractive industry in Latin America. In 2021, the IDB reaffirmed this recognition for having modernized all our social programs in response to the current pandemic, with the “Casa Grande virtual” strategy.

In the social realm, the Business Coordinating Council (Consejo Coordinador Empresarial, CCE) and the Mexican Association of Organizational Communicators (Asociación Mexicana de Comunicadores Organizacionales, AMCO) recognized the social impact of the Mobile Documentary Film Workshop (Taller Ambulante de Cine Documental, TACD) that we promote in the communities where we operate. Through this program, young people and adults have the opportunity to create audiovisual materials featuring themes and characters from their own localities, with a social focus that fosters identity between mining and the community.