Better Health for All

The company recorded two fatalities in 2024

, following one fatality in 2022 , and reported a Total Recordable Injury Frequency Rate (TRIFR) of 7.87 and a Lost Time Injury Frequency Rate (LTIFR) of 5.36 as of June 30, 2024 . It acknowledges significant health-harming externalities from its operations, including potential cyanide spills, dust emissions, and impacts on air quality from increased temperatures and forest fires, which can affect respiratory and cardiovascular health in communities . While adhering to the International Cyanide Management Code and holding ISO 14001 certifications , these represent partial remediation efforts. The company demonstrates industry-leading risk disclosures for operational health and safety, providing detailed descriptions, contributing factors, controls, mitigating actions, and risk ratings for 2023 and 2024 , and involves employees in risk identification . During the COVID-19 pandemic, it exhibited industry-leading crisis response by collaborating with health authorities , establishing vaccination centers , administering thousands of vaccine doses to employees and 30 communities , and providing rapid testing support for remote communities . Fresnillo offers comprehensive mental health programs for employees and their families, including a 24-hour helpline, psychological help, medical advice, and counseling programs . It also implements comprehensive addiction controls for employees through drug consumption prevention campaigns, increased anti-doping tests, and frequent inspections . The company maintains excellent data protection standards, complying with Mexico's federal personal data protection law and undergoing auditing for certification of its Personal Data Management System . The company's core products, gold and silver, have no direct positive or negative health impact, and its revenue is not derived from products with direct negative health outcomes.

Fair Pay & Worker Respect

Fresnillo PLC reports that 39.67% of its total workforce, comprising 7,179 unionized workers and employees out of 18,095 total workers (including contractors) in 2024, is covered by collective bargaining.

The company's Total Recordable Injury Frequency Rate (TRIR) was 7.59 per 1,000,000 hours in 2024, which translates to 1.518 per 200,000 hours; however, two contractor fatalities occurred in 2024. A Unitary Agrarian Tribunal accredited that Fresnillo PLC owes 13,258,667,000 pesos to the ejidatarios of El Bajío for illegal gold extraction by its subsidiary Minera Penmont from 2005 to 2013 , a ruling mentioned in a 2026 article. Additionally, 4% of the workforce was on temporary contracts in 2023, with 96% on permanent contracts.

Fair Trade & Ethical Sourcing

The company directs 47.81% of payments to local suppliers.

90% of the material received at its facilities is certified in compliance with London Bullion Market Association (LBMA) ESG criteria, demonstrating a conflict-free precious metals chain. All third-party contracts require adherence to a Code of Conduct, which includes safeguarding human and labor rights, as a prerequisite for starting a business relationship. Annual audits are conducted for the LBMA-certified shippers and refinery. For precious metals, 90% of material is certified conflict-free, indicating a low share of high-risk materials in this category.

Honest & Fair Business

Fresnillo PLC achieved a perfect score of 100 out of 100 in the Corporate Integrity 500 Index (IC500), which evaluates integrity and anti-corruption policies

. This top ranking underscores its commitment to ethical business practices and transparency. The company has established a comprehensive Bribery and Fraud Prevention Program covering areas such as bribery, fraud, conflicts of interest, and misuse of authority, and conducts annual internal audits to ensure compliance . Fresnillo was also recognized by The Ethisphere Institute as one of the world's most ethical companies for three consecutive years , highlighting its dedication to integrity and ethical conduct.

Kind to Animals

Fresnillo PLC demonstrates measurable biodiversity impact through various conservation initiatives. The company maintains an Ecological Reserve in Cuencamé, Durango, housing 120 animals representing 10 species.

It has pioneered the natural breeding of a golden eagle pair and cares for scarlet macaws and toucans in its Environmental Management Units. A saguaro reproduction program at the Noche Buena mine successfully germinated 200 seeds. A 20-hectare conservation zone was designated at San Julián for the endangered Pinabete Pseudotsuga tree. Reforestation efforts include 85,816 plants at Bismark and Noche Buena, and the donation of 84,871 and 60,176 native plants to communities. A forestry nursery at Penmont has a capacity of 150,000 saplings per year, specializing in 23 endemic species. The company also supports Naturalia, an NGO dedicated to Mexican ecosystems and wildlife conservation, and conducts species relocation efforts.

No War, No Weapons

Fresnillo PLC states its Code of Conduct is based on the United Nations Global Compact principles and relies on the UN Guiding Principles on Business and Human Rights.

However, a subsidiary was found by a Unitary Agrarian Tribunal to owe over £5 million for illegal gold extraction from 2005 to 2013. Additionally, human rights defenders, including a former Ejido President and his wife, were murdered in 2021, following earlier arbitrary detention and criminalization. These incidents indicate significant gaps in the implementation of human rights principles. In contrast, the company ensures a conflict-free supply chain for its precious metals by adhering to responsible sourcing standards from the London Bullion Market Association (LBMA) and complying with OECD Due Diligence Guidance, with independent external audits verifying this compliance.

Planet-Friendly Business

100% of freshwater consumed is sourced from regions with High or Extremely High Baseline Water Stress.

The company's total Scope 1, 2, and 3 greenhouse gas emissions were 0.64 million tCO2e in 2013, with a 15% reduction in GHG emissions in 2023 and a 28% decrease in overall carbon intensity versus 2023. In 2024, 80.6% of electricity supply came from renewable sources, exceeding the 2030 target of 75%. The company provided climate-related financial disclosures for 2024, aligning with all four TCFD pillars and 11 recommended disclosures. Climate-scenario analysis was conducted, including a 2°C scenario for transition risks and a 4°C scenario for physical risks.

Respect for Cultures & Communities

In April 2021, two members of the El Bajío community, neighboring Fresnillo's La Herradura mine, were murdered.

Despite legal rulings nullifying agreements with Fresnillo's subsidiary, these remain unenforced, and community members continue to face violence and intimidation.

Safe & Smart Tech

Fresnillo PLC experienced one cybersecurity incident in July 2024, which involved unauthorized access to specific IT systems and data, causing partial disruption of services

. However, no material operational or financial impact was reported , and the company initiated immediate response protocols . Systems, networks, and assets are continuously monitored using cybersecurity tools and a Security Operations Centre (SOC) for threat identification . Controls are in place to comply with the Ley Federal de Protección de Datos Personales en Posesión de Particulares (LFPDPPP) .

Zero Waste & Sustainable Products

Fresnillo PLC reused 2.49% of its generated tailings in 2023.

The company reported a 35.57% decrease in total waste generation since 2019 , with a 24.21% decline in 2023 , supported by initiatives such as internal waste valuation, external recycling alternatives, and Lean Six Sigma methodologies at its Saucito mine . In 2023, hazardous waste constituted 0% of the total waste generated. Independent Tailings Review Panel visits were conducted annually to all Fresnillo plc tailings dams in 2024. The company hosts environmental fairs and educational programs to promote recycling and conservation among local communities and young people.