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Material Topics: What Matters Most //

Our material topics – the areas of greatest interest and impact to our stakeholders – shape our sustainability strategy and inform the content of this report.

Every two years, we undertake a materiality assessment in which we survey our main stakeholders. Conducted by an external consultant, the purpose of this process is to identify the current social, economic and environmental topics of highest importance across our whole value chain. These insights, in turn, help us focus our sustainability efforts, set goals and metrics, and allocate resources.

During 2017, we commissioned a new materiality assessment. Using a structured process guided by the GRI guidelines, our aim was to be inclusive and comprehensive so that we captured the views of a wide range of our stakeholders.

While we consider a broader pool of stakeholders important, we give top priority to our people, our shareholders and local communities near our operations.

  • First, through stakeholder interviews, surveys and workshops as well as research into industry trends and emerging issues, we identified over 20 topics of relevance.
  • Second, through internal discussions and analysis we combined some of the topics and prioritized them in terms of significance to stakeholders and our business.
  • Third, the Sustainability Committee reviewed and validated the findings.
  • The outcome of this process was a list of the 12 most material topics.

This report discloses our approach to managing and addressing these issues.

Through an internal and external consultation process, we also weighted the issues and ranked them according to levels of priority. This helps us shortlist the issues that require our efforts in order to manage our shared top priorities. The Materiality Matrix below represents the results of our 2017 assessment.

There were certain topics that stakeholders did not rate as highly significant, but are considered of relevance in our industry. These topics include biodiversity, energy emissions and climate change. We provide coverage to these topics in our report.

ES-2017-Report-Graphs_7 ES-2017-Report-Graphs_8

2017 Materiality Assessment: Who We Consulted

External Stakeholders

  • Local communities (Guanacevi, Ejido del Hacho, El Cubo, Rosa de Castilla, Llanos de Santa Ana, Mineral de la Luz, Ejido San Pedro de los Pinos)
  • State/federal government (IMSS, STPS, PROFEPA, CONANP)
  • Municipal governments (Guanacevi, Guanajuato, Zacatecas, San Sebastián del Oeste)
  • Religious representatives (gleEl Cubo and La Luz)
  • Suppliers and contractors (Sandvick, CAHECOMI, GOGHI, COMINVI, local stores)
  • Union (El Cubo, Bolañitos/Compas)
  • Investors and analysts

Type of consultation

4 workshops with 73 participants:

  • Vancouver (7)
  • Guanacevi (18)
  • Bolañitos (24)
  • El Cubo (24)

4 interviews with El Compas staff

35 external stakeholder interviews

  • Vancouver (3)
  • Guanacevi (8)
  • Guanajuato (16)
  • Compas (5)
  • Terronera (3)

130 employee surveys completed