Recent and ongoing projects

Mission:

In 2019, Fortuna Silver, a precious metal producer with mining operations in Peru and Mexico and an exploration project in Argentina, decided to prepare its first corporate sustainability report, as well as a sustainability strategy and management plan that can be adopted by each of its projects. In this process, they identified the need to strengthen their current social management, proposing as a first step the development of a Social Governance Framework that defines the company’s management vision in this area, the lines of action, as well as the approach and strategy to be deployed.

The Social Governance Framework should respond and ensure the alignment of the organization with the requirements of international standards of sustainability and social management such as those established by the International Finance Corporation, the Global Reporting Initiative, the International Council on Mining and Metals, among others; as well as with the regulations of Peru, Mexico and Argentina.

Insuco implemented the following activities:

• Definition of the analysis framework;
• Gap analysis: meetings with each of the social management leaders of the mining projects to collect information on policies, procedures and actions currently implemented by the organization. On this basis, the level of maturity of the social management systems has been established and the gaps to fill identified;
• Elaboration of the social governance framework: pillars of social management were established at strategic and performance levels, considering international standards, national legislations and Fortuna Silver’s social management approach. Each pillar includes specific themes and a proposal for short and medium-term actions to implement in order to fill the identified gaps.

Results:

The following deliverables were submitted to the client:

• Corporate social management analysis framework;
• Social management gap analysis at the enterprise level and by mining and exploration project;
• Social governance framework and recommendations for action;
• Social management policy