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If you would like to make suggestions and/or comments about this Sustainability Report, you are welcome to email us at sustentabilidad@molymet.cl

Previous Reports

2018 Sustainability Report 2019 Sustainability Report

We want to continue strengthening our position focused on efficiency, continuous process optimization and innovation, constantly looking for new business opportunities in strategic metals.

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In 2020 more than 83 million people were infected with the coronavirus; approximately 2 million people lost their lives; and hundreds of millions more have been affected both physically and psychologically by the changes the global pandemic has made to our way of living. 

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COVID-19
 Fatalities

To face the impact of COVID-19 in our Company we established a Corporate Crisis Committee who evaluated, defined and put the necessary measures in place to ensure business continuity while putting the wellbeing of our people first. 

As we have operations in different countries, there have been different local realities. Despite this, our subsidiaries maintained operational continuity thanks to our company business being declared an Essential Activity. Here the only exception was our Molymex subsidiary in Mexico where, the government put strict measures in place to control the spread of infection at a country level. As a result, Molymex was forced to close down operations for a month before successfully obtaining Essential Activity status. 

Thanks to our purposeful and resilient team, we did not have a drop in performance and for this we want to extend heartfelt appreciation and recognition to all our people for their great work and effort throughout the year, not least of which was their adaptability in facing difficulties and new ways of working.

At Molymet we are continuously adapting to the evolving COVID-19 situation. Our priority remains the assurance of health and safety for all our employees and stakeholders. To this end, we are meeting the highest standards and making sure that we live by our purpose as we play our part in containing and reducing the spread of the coronavirus.

Our main initiatives
in 2020 were:

Employees

  • Preparation of demanding protocols in order to minimize and mitigate the risks of infection spread as a result of continued operations.
  • Zero layoffs and no wage drops related to the health crisis.
  • Adaptation to new ways of working, training in teleworking, implementing shift systems and taking extra care with on-site work.
  • Assistance to employees and their families through a comprehensive psychological support program.
  • Empowering Molymet leaders to provide containment, build resilience and manage their teams effectively and empathically during the evolving crisis. 
  • Delivery of clear information on the health care measures adopted by the Company; providing training and clear communication for employees, suppliers, contractors and clients, using all available internal communication channels.

Authorities

  • Building alliances and working collaboratively with local authorities in the countries where our subsidiaries are located; providing our expertise; and aligning ourselves with the action protocols of municipalities, unions, neighborhood management and health centers, among others.

Suppliers

  • Flexibility of supply contracts: generating tools that made it possible to continue trading amidst uncertainty. Going forward, we are committed to maintaining and improving the level of supplier flexibility. 

Shareholders

  • Meeting our legal obligations and financial projections. 

Communities

  • Supporting local organizations in the Communities where we operate: including direct support through the delivery of food and hygienic/protection products; participating in the sanitization of public spaces; and ensuring support for physical and emotional health needs.

COVID-19 remains a pressing reality. Although we are making progress in the immunization of the population, we have to continue rethinking this ‘new normal’ in order to contribute to value creation, growth and prosperity for all our stakeholders.

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