About this Report

(3.1/3.2/3.3) 3.1 Reporting period for the information provided in the report.
3.2 Date of the most recent previous report.
3.3 Reporting cycle.
This Sustainability Report gives an account of the Corporation’s economic, labor, environmental, and community performance between January 1st and December 31st 2011. With this edition we achieve thirteen consecutive years delivering timely and transparent information on our Sustainability Management and Corporate Social Responsibility.

(3.11/3.13) 3.11 Significant changes from previous reporting periods in the scope, boundary, or measurement methods applied in the report..
3.13Policy and current practice with regard to seeking external assurance for the Report.
This year we adhered to the new Guide for the Development of Sustainability Reports provided by Global Reporting Initiative (GRI) version G3.1 and to the Mining and Metals Supplement, 2010 version. We once again presented an A+ level report, which was verified by the independent firm Ernst & Young Ltd and checked by GRI.

In our search to answer the information needs of society, we make reference to the fundamental issues of ISO 26000, understanding social responsibility as an essential component of our sustainability management.

Furthermore, given our recent return to the International Council on Mining and Metals (ICMM), this report reflects Codelco’s alignment with the ICMM’s sustainable development framework, especially with its sustainable development principles.

(3.6) Boundary of the report. Included in this report are all those operations over which Codelco has control and which, at the same time, generate environmental impact. This way, all work units which were operational during 2011 are included: Radomiro Tomic, Chuquicamata, Ministro Hales, Salvador, Andina, Ventanas and El Teniente, in addition to our Corporate Offices and Explorations. In the case of Ministro Hales, only the applicable aspects and indicators are reported, due to its being in a pre-operation stage.

(3.8) Basis for reporting on joint ventures, subsidiaries, leased facilities, outsourced operations, and other entities that can significantly affect comparability from period to period and/or between organizations. Under this criteria, we highlight the Minera Gaby SpA and Minera el Abra subsidiaries, which have their own Sustainability Reports, as well as the Mejillones Port Complex (MPC), about which we can highlight that it certifies its activities according to international regulations such as OHSAS 18001 and ISO 14000, and monitors its compliance with environmental commitments as well as commitments regarding the health and safety of its workers, clients, and the community as signed by the licensees.

Regarding subsidiaries, associations, and/ or joint ventures in which Codelco participates but is not directly responsible for their management, or even when having control over the aforementioned they do not have significant impact in sustainability matters, only the financial terms have been included as part of the Corporation’s economic performance.

 

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