Capstone Copper's 2023 Sustainability Report: A Deep Dive into ESG Performance
Monday, Dec 9, 2024 5:38 pm ET
Capstone Copper, a leading copper producer, has published its 2023 Sustainability Report, providing a comprehensive overview of its environmental, social, and governance (ESG) performance. The report aligns with both the Global Reporting Initiative (GRI) Standards and the Sustainability Accounting Standard for Metals and Mining (SASB), demonstrating the company's commitment to transparency and accountability.
Capstone Copper's 2023 Sustainability Report highlights its dedication to responsible growth and positive impact on people and communities. The company has made significant strides in various areas, including climate, water, tailings, biodiversity, and communities. Some of the key achievements and initiatives include:
1. Climate: Capstone Copper secured 100% coverage of its electricity use at Mantos Blancos through renewable energy certificates, reducing its market-based greenhouse gas (GHG) emissions by 3%. The company is also working on The Copper Mark certification for Mantos Blancos and Mantoverde, demonstrating its commitment to sustainable practices.
2. Water: While Capstone Copper's total water withdrawal increased by 3% in 2023, non-freshwater withdrawals remained constant at 22%. The company is actively working on improving water management and efficiency.
3. Tailings: Capstone Copper is committed to responsible tailings management, implementing best practices to minimize environmental impact and ensure the safety of surrounding communities.
4. Biodiversity: The company is working on preserving and enhancing biodiversity in its operations, including habitat restoration and conservation efforts.
5. Communities: Capstone Copper is dedicated to supporting local communities through various initiatives, such as education, health, and infrastructure development.
Capstone Copper's alignment with international sustainability standards, such as GRI and SASB, significantly enhances its credibility and transparency in reporting. By adhering to these standards, the company demonstrates a commitment to accountability and responsible business practices. This dual approach enables Capstone Copper to provide stakeholders with a holistic view of its ESG performance, fostering trust and attracting socially responsible investors.

In conclusion, Capstone Copper's 2023 Sustainability Report showcases the company's commitment to responsible growth and positive impact on people and communities. By aligning with international sustainability standards and demonstrating progress in various ESG areas, Capstone Copper strengthens its position as a leader in the copper industry and a responsible corporate citizen. As investors increasingly focus on ESG performance, Capstone Copper's sustainability efforts are likely to attract socially responsible investors and contribute to long-term shareholder value.