Our Approach to Sustainability

As Tahoe grows and competition for natural resources increases, our future success depends on strengthening and preserving today’s assets – our people, our operations, our community and our environment – for tomorrow.

Our sustainability strategy is centered on responsibly operating efficient mines according to the highest standards of environmental management, financial prudence, respect for human rights, and broad-based benefit sharing. We see time and time again that an integrated approach to sustainability in all aspects of our business not only results in a responsible and well-managed mining operation, it brings significant value to those directly invested in the success of our operations – our shareholders, employees, suppliers, and communities.

Sustainable Modernmininggraphic for Tahoe Web

Our Sustainability Guiding Principles

Leadership

in ethical business conduct and pursuing innovation in responsible, safe, efficient and sustainable operations

Integrity

in prioritizing responsible business practices that recognize the importance and well-being of our people, our planet and our communities

Transparency

in all aspects of how we do business, holding ourselves accountable to and engaging our stakeholders on our responsible business commitments

Respect

in our treatment of all, including valuing diversity and genuinely engaging our communities on their interests and priorities

Sustainability Governance

Our approach to sustainability is shaped by internal policies and procedures that guide us in fulfilling our commitments and enhancing our potential for positive and sustainable outcomes while mitigating ESG risks in our operations. The Board provides oversight for Tahoe’s business and affairs, ensuring we comply with regulatory requirements as well as our commitments to voluntary international standards and sustainability-related initiatives.

Sustainability Infographic

Managing Sustainability

HSEC Committee

Board committee responsible for providing oversight of health, safety, environmental and community-related policies, systems, performance and auditing.

Sustainability Committee

Executive leadership team responsible for aligning corporate and operational ESG strategies and initiatives with our commitment to international standards for sustainable business practice.

Guiding Frameworks

Our sustainability commitments are aligned with and informed by a number of voluntary international standards for responsible business practice.

Sustainability Policies

Tahoe’s Code of Business Conduct establishes the values and norms expected of all of our directors, employees, contractors, and operations. Tahoe’s Human Rights, CSR, Diversity and Environmental Policies serve as building blocks for our compliance with international protocols from project inception to mine closure.

Global Citizenship

Global Citizenship

We believe that part of being a responsible corporate citizen means engaging in innovative sustainability initiatives that promote collective action. We have committed to several industry associations and international initiatives that help advance our business goals on human rights, good governance and responsible environmental stewardship.

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Human Rights

We take our responsibility to respect human rights in all aspects of our business very seriously and expect the same of our business partners, employees, contractors, and community stakeholders. We recognize that, as a business in the extractive sector, our responsibility to ensure respect for human rights is both an imperative and an opportunity.

Tahoe recognizes the rights and freedoms set forth in the Universal Declaration of Human Rights and we adhere to the United Nations Guiding Principles on Business and Human Rights and the Voluntary Principles on Security and Human Rights.

While each of our operations has its own human rights profile and challenges, we take a consistent approach to managing our human rights responsibilities. There are universally relevant human rights priorities across the mining industry. We use as our guide the Business for Social Responsibility’s Primer on Human Rights Priorities for the Extractives Sector to help identify the material human rights responsibilities we must address and manage as a company.

Environmental Impacts

As a natural resource company, we recognize the very nature of our business depends on and impacts the natural environment. Our goal has always been to conduct our mining operations to minimize impacts to the environment and leave our mine sites in good condition for future use or as self-sustaining ecosystems. Particularly as water is a shared critical resource for our communities and our operations, we aim to protect existing water sources by conserving and recycling 100% of the water used in our mining process.

Labor Rights

We are committed to providing rewarding work opportunities and a workplace that protects the health and safety of all employees; does not use forced or child labor; respects the rights to freedom of association and collective bargaining; is free from harassment and discrimination; fairly compensates our employees; and promotes transferable skills through appropriate training. We are committed to equal pay for equal work and promote diversity and inclusion across our operations.

Social and Economic Disruption

We recognize that the arrival and presence of a large-scale operation can have disruptive effects on local communities. We perform social impact assessments where we operate and socioeconomic baseline assessments on all new projects. We engage municipalities in local hiring practices that aim to limit the influx of outside workers. We support institutional strengthening to combat negative social impacts. We are revisiting our social investment and development strategies to broaden the economic impacts in the regions where we operate.

Land Acquisition

We are committed to ensuring a fair and equitable land acquisition process when acquiring individual or communal lands in accordance with IFC Performance Standard 5. Our aim is to develop project designs that minimize and avoid displacements and ensure that individuals are better off after any resettlement. We also are committed to improving the lands that we do use, through reforestation and agricultural-use programs. We have benefit sharing agreements with former land owners incentivizing them to invest in their new properties and in community improvement projects.

Indigenous Peoples

We are committed to recognizing, respecting, and seeking to understand the rights, cultures, heritage, interests and aspirations of Indigenous Peoples. We endeavor to always recognize the individual and collective rights of indigenous groups in our decision-making processes. We support indigenous social and cultural practices, and we engage and consult local communities regarding our operations. Our commitments will be captured in a comprehensive Indigenous Peoples Policy being developed in 2018.

Bribery and Corruption

Ethical business is a cornerstone of our company and we recognize the importance of mitigating corruption risks and operating responsibly and ethically. We perform anti-corruption assessments of our subsidiaries and perform third party due diligence on our vendors and suppliers. In 2018, we developed a stand-alone anti-corruption policy and comprehensive training program to further reduce corruption risks across our operating jurisdictions. We also provide 24 hour per day access to a whistleblower reporting hotline.

Supply Chains

We are cognizant that we may have impacts either through our own activities or as a result of our business relationships. We perform due diligence on our suppliers and contractors in order to prevent and mitigate negative social impacts in our supply chain. We require that all suppliers comply with the laws and regulations of the countries in which they operate and we monitor their adherence to our Code of Business Conduct, Human Rights, Whistleblower and other policies. We prioritize the use of local suppliers in order to generate employment opportunities and local economic development for neighboring communities.

Access to Remedy

One of our most important stakeholder engagement tools is our UN Guiding Principles-aligned grievance mechanism which helps us to identify negative impacts and provide a timely remedy. After several years of use, the mechanism has become a source of continuous learning and company improvement. Our programs encourage all stakeholders to communicate their concerns, questions and suggestions. We take all concerns and feedback seriously and commit to addressing concerns and supporting any community member seeking protection of their human rights.

Security and Human Rights

We are committed to managing the security of our operations in a socially responsible manner for the protection of employees, local stakeholders and site assets. We recognize that effective security is a combination of physical security measures and strong community support. The security framework employed across our operations demonstrates our commitment to international standards – specifically the Voluntary Principles on Security and Human Rights – which is embodied throughout our operational security structure. The framework employs a stringent process of assessment, training, evaluation and auditing of all security providers.

Cumulative Impacts

Whether we are operating in historical mining jurisdictions like Canada and Peru, or in countries new to mining like Guatemala, we recognize that mining companies, and the private sector more generally, can have a collective impact larger than one mine alone. We take responsibility for mitigating the impacts of our operations and are committed to driving initiatives that bring positive cumulative impacts to the countries in which we operate. We promote the Voluntary Principles and the Extractive Industry Transparency Initiative and we seek collaborations with our peer companies and suppliers to limit the impacts from production, processing and transport of minerals.

From Mine to Ours