In a key milestone for Codelco’s sustainability technique, its El Teniente Division has obtained the Accountable Manufacturing certifications The Copper Mark and The Molybdenum Mark. Following a rigorous unbiased on-site analysis, the worldwide organisation confirmed that the power has efficiently carried out insurance policies and practices aligned with the very best environmental, social, and governance (ESG) requirements within the copper and molybdenum business.
Codelco states: “In contrast to the preliminary accreditation cycle accomplished on the finish of 2023, this new milestone represents the validation of El Teniente’s operations beneath The Copper Mark’s new RRA 3.0 Tips. This regulatory framework considerably raises the degrees of technical management, shifting from common reporting to a scheme of 33 standards and 171 particular necessities that problem the operational administration of all the worth chain.”
“Acquiring The Copper Mark is each a recognition of Codelco’s socio-environmental efficiency and a strategic crucial for the enterprise,” explains Pablo Contreras, Local weather Motion Supervisor on the state-owned firm. “Right this moment, main worldwide markets, together with the London Metallic Alternate, demand express ensures of accountable manufacturing as a situation for the sale and financing of copper cathodes. On this sense, these certifications guarantee our competitiveness, the traceability of our copper, and the belief we construct with world clients and communities,” he provides.
The exterior and unbiased audit course of comprehensively evaluated operations by way of on-site interviews with executives, workers, and members of surrounding communities, amongst different actions. Of the 33 standards reviewed on this model, El Teniente demonstrated full compliance within the overwhelming majority of dimensions.
Following the rules of The Copper Mark, the report recognized two particular areas for the event of enchancment plans, with the aim of addressing gaps and reaching full compliance. Accordingly, the division established a roadmap with concrete actions, deadlines, and institutional duties, which will likely be audited periodically and documented by accredited exterior evaluators. The Copper Mark and The Molybdenum Mark certifications awarded to the El Teniente Division are formally legitimate for 3 years, extending till 2029.
In parallel with the deliberate actions at El Teniente, the remaining seven divisions of Codelco – Andina, Ventanas, Salvador, Gabriela Mistral, Ministro Hales, Radomiro Tomic and Chuquicamata – are advancing in parallel in their very own analysis processes and on-site audits to acquire the usual, in step with the schedule outlined on the company stage for 2026.
