Nexa values the highest standards of ethics and integrity. Moreover, to support this particularly important principle, we have a Compliance Program that guides the conduct expected of all employees and service providers.
The Board of Directors and Audit Committee are responsible for promoting and ensuring Nexa’s compliance program.
One of the main pillars of the Compliance Program, the Code of Conduct, is distributed to all employees along with a course made available via e-learning.
There is also a version for Suppliers that aims to formalize Nexa’s expectations regarding the conduct of its service providers in the work performed for the company.
The Nexa Code of Conduct is based on the centenary values of the Votorantim Group and guides the internal behavior of employees and the way they interact with different stakeholders.
Learn more about our Policies and Documents.
Aiming to maintain the appropriate communication channels to report misconducts, we provide the Ethics Hotline. Created to be impartial and transparent, this channel is prepared to receive reports from the internal and external audience of possible violations of the Code of Conduct or any policy, procedure, law, or regulation.
Ethics Hotline is committed to ensuring the information confidentiality, safeguarding the identity of anyone who accesses it and promoting the best work environment for everyone. Through this, it is possible to report, in a totally anonymous manner, any suspicion of financial crime, fraud, corruption, discrimination, harassment or other types of ethical violations.
The channel is managed by a specialized, globally recognized outside company, which performs the initial screening of all reports received to ensure that there is no conflict of interest in the handling of complaints. The entire process is monitored by the Conduct and Audit Committees and by the organization’s leaders, supported by the Internal Audit and Legal Department.
Ethics Hotline service is available in Portuguese, English and Spanish, and can be accessed through the link
0800-892-0741 (portuguese)
0800-50-000 e 0800-50-288 (spanish)
1-855-888-9926
1-855-888-9926 e 1-855-350-9393
800-201-11 (inglês e francês)
To strengthen a culture focused on Ethics and Transparency, we carry out actions and activities to reinforce our values to employees and partners, highlighting the following:
Support tool for six documents – Code of Conduct, Compliance Policy, Anti-Corruption Policy, Donations, Government Relations, Conflicts of Interest and Sponsorships – aiming to answer questions about these topics, helping the Compliance team to interact with other areas of the company.
We constantly train our employees on the Ethics and Transparency topic. In 2021, 1,912 employees were trained in anti-corruption policies, 1,378 in Brazil and 534 in Peru.
Provides online forms for recording several transactions such as donations, sponsorships, receiving or offering gifts and hospitality, conflicts of interest and government relations. The portal makes it possible to document these transactions, as well as the approval process, in addition to generating reports for KPIs.
Annual event for directors, managers and general managers with the purpose of engaging leadership and stressing the importance of their participation in the Compliance Program.
Our aspiration is to gradually increase the awareness of Nexa’s ecosystem (employees, suppliers, customers, merchants, competitors and communities) about good business conduct practices and Human Rights.
We voluntarily adhere to various initiatives undertaken with national and international entities to reinforce our commitment to sustainability:
For more information, access: Strategy
Sector Associations:
In order to maintain adequate communication channels to report misconduct, we have the Ethics Line. Created to be impartial and transparent, this channel is prepared to receive from the internal and external public reports of possible violations of the Code of Conduct or of any policy, procedure, law or regulation.
The Ethics Line is committed to ensuring the confidentiality of the information, safeguarding the identity of any person who accesses it, and promoting the best working environment for everyone. Through it, it is possible to report, totally anonymously, any suspicion of financial crime, fraud, corruption, discrimination, harassment, or other types of ethical violations.
The Ethics Line service is available in Portuguese, English, and Spanish, and can be accessed through the Site or by telephone:
| Entities included in the consolidated financial statements | ||
| 2019 | 2020 | 2021 |
| Subsidiaries | ||
| L.D.O.S.P.E. Geração de Energia e Participações Ltda. – “L.D.O.S.P.E” | L.D.O.S.P.E. Geração de Energia e Participações Ltda. – “L.D.O.S.P.E” | L.D.O.S.P.E. Geração de Energia e Participações Ltda. – “L.D.O.S.P.E” |
| L.D.Q.S.P.E. Geração de Energia e Participações Ltda. – “L.D.Q.S.P.E” | L.D.Q.S.P.E. Geração de Energia e Participações Ltda. – “L.D.Q.S.P.E” | L.D.Q.S.P.E. Geração de Energia e Participações Ltda. – “L.D.Q.S.P.E” |
| L.D.R.S.P.E. Geração de Energia e Participações Ltda. – “L.D.R.S.P.E” | L.D.R.S.P.E. Geração de Energia e Participações Ltda. – “L.D.R.S.P.E” | L.D.R.S.P.E. Geração de Energia e Participações Ltda. – “L.D.R.S.P.E” |
| Mineração Dardanelos Ltda. | Mineração Dardanelos Ltda. | Mineração Dardanelos Ltda. – “Dardanelos” |
| Nexa Recursos Minerais S.A. | Nexa Recursos Minerais S.A. – “NEXA BR” | Nexa Recursos Minerais S.A. – “NEXA BR” |
| Mineração Santa Maria Ltda. | Mineração Santa Maria Ltda. | Mineração Santa Maria Ltda. |
| Pollarix S.A. (i) | Pollarix S.A. 9 | Pollarix S.A. – “Pollarix” 10 |
| Karmin Holding Ltda. | Karmin Holding Ltda. | Karmin Holding Ltda. |
| Mineração Rio Aripuaña Ltda. | Mineração Rio Aripuanã Ltda. | Mineração Rio Aripuanã Ltda. |
| Votorantim Metals Canada Inc. | Votorantim Metals Canada Inc. | Votorantim Metals Canada Inc. |
| Rayrock Antofagasta S.A.C | Nexa Resources El Porvenir S.A.C. | Nexa Resources El Porvenir S.A.C. |
| Cia. Magistral S.A.C | Minera Pampa de Cobre S.A.C | Minera Pampa de Cobre S.A.C |
| Nexa Resources El Porvenir S.A.C. | Nexa Resources Cajamarquilla S.A. – “NEXA CJM” | Nexa Resources Cajamarquilla S.A. – “NEXA CJM” |
| Minera Pampa de Cobre S.A.C | Nexa Resources Perú S.A.A. – “NEXA PERU” | Nexa Resources Perú S.A.A. – “NEXA PERU” |
| Nexa Resources Cajamarquilla S.A. – “NEXA CJM” | Nexa Resources Atacocha S.A.A. – “NEXA ATACOCHA” | Nexa Resources Atacocha S.A.A. – “NEXA ATACOCHA” |
| Inversiones Garza Azul S.A.C | Nexa Resources UK Ltd. – “NEXA UK” | Nexa Resources UK Ltd. – “NEXA UK” |
| Nexa Resources Perú S.A.A. – “NEXA PERU” | Nexa US. Inc. | Nexa Resources US. Inc. |
| Nexa Resources Atacocha S.A.A. – “NEXA ATACOCHA” | Exploraciones Chimborazo Metals & Mining | |
| Minera Bongará S.A. | ||
| Nexa Resources UK Ltd. “NEXA UK” | ||
| Votorantim US. Inc. | ||
| Joint-operation | ||
| Campos Novos Energia S.A. | Campos Novos Energia S.A. – “Enercan” | Campos Novos Energia S.A. – “Enercan” |
| Cia. Minera Shalipayco S.A.C | Cia. Minera Shalipayco S.A.C | Cia. Minera Shalipayco S.A.C |
List of Material Topics 2021:
| Direct Economic Value Generated | |||
| 2019 | 2020 | 2021 | |
| 1) Revenues | – | – | – |
| 1.1) Products and Services Sales | 2.548.856,00 | 2.135.643,00 | 2.969.421,00 |
| 1.2) Other Operating Revenue (Expenses) | -857 | -2.268,00 | -4.891,00 |
| 1.3) Provision for Doubtful Receivables | 353 | -842 | -286 |
| 1.4) Total Revenue | 2.548.352,00 | 2.132.533,00 | 2.964.244,00 |
| 2) Inputs acquired from third parties | – | – | – |
| 2.1) Raw materials and other production inputs | -1.063.094,00 | -856.300,00 | -1.189.728,00 |
| 2.2) Materials, energy, third party services and others | -599.000,00 | -430.867,00 | -447.305,93 |
| 2.3) Impairment of Fixed Assets | -142.133,00 | -557.497,00 | – |
| 3) Gross added value | 744.125,00 | 287.869,00 | 1.327.210,07 |
| 3.1) Depreciation, amortization and depletion | -317.892,00 | -243.925,00 | -258.711,00 |
| 4) Net added value produced | 426.233,00 | 43.944,00 | 1.068.499,07 |
| 5) Added Value received in Transfer | – | – | – |
| 5.1) Equity Accounting | – | – | – |
| 5.2) Realization of the other comprehensive income on the write-off of the investment | – | – | – |
| 5.3) Financial Revenues | 204.201,00 | 587.654,00 | 477.849,51 |
| Total Added Value received in Transfer | 204.201,00 | 587.654,00 | 477.849,51 |
| 6) Total Added Value to be distributed | 630.434,00 | 631.598,00 | 1.546.348,58 |
| 7) Distribution of Added Value | – | – | – |
| 7.1) Personnel and charges | 254.251,00 | 213.865,00 | 223.115,00 |
| 7.1.1) Direct remuneration | 151.610,00 | 123.537,00 | 145.915,96 |
| 7.1.2) Social Charges | 35.483,00 | 43.859,00 | 23.181,64 |
| 7.1.3) Benefits | 67.158,00 | 46.469,00 | 54.017,40 |
| 7.2) Taxes, Duties and Contributions | 185.503,00 | 169.478,00 | 513.793,41 |
| 7.2.1) Federal | 215.694,00 | 210.982,00 | 348.368,00 |
| 7.2.2) State | 74.070,00 | 45.785,00 | 134.275,00 |
| 7.2.2) State | 485 | 55 | 27,41 |
| 7.2.4) Deferred Taxes | -104.746,00 | -87.344,00 | 31.123,00 |
| 7.3) Return on Third Party Capital | 348.196,00 | 900.761,00 | 653.353,17 |
| 7.3.1) Financial Expenses | 309.055,00 | 865.829,00 | 614.751,51 |
| 7.3.1) Financial Expenses | 39.141,00 | 34.932,00 | 38.601,66 |
| 7.4) Return on Equity | -157.516,00 | -652.506,00 | 156.087,00 |
| 7.4.1) Net profit (loss) for the year | -157.516,00 | -652.506,00 | 156.087,00 |
| 8) Added Value distributed | 630.434,00 | 631.598,00 | 1.546.348,58 |
|
Ratios of standard entry level wage by gender compared to local minimum wage |
|
| 2019 | No employee was identified with a salary below the local minimum wage |
| 2020 | No employee was identified with a salary below the local minimum wage |
| 2021 | No employee was identified with a salary below the local minimum wage |
| Total Employees who have been Informed about Anti-Corruption Policies | ||||
| 2019 | 2020 | 2021 | ||
|
BRAZIL
|
Director/President | 8 | 7 | 7 |
| Manager | 107 | 107 | 121 | |
| Coordinator/Consultant | 445 | 424 | 476 | |
| Technician/Analyst/Supervisor | 597 | 639 | 776 | |
| Operational | 688 | — | — | |
| Intern | — | 105 | 126 | |
| Apprentice | — | — | — | |
| Total | 1.845 | 1.282 | 1.506 | |
|
PERU
|
Director/President | 2 | 2 | 2 |
| Manager | 42 | 40 | 42 | |
| Coordinator/Consultant | 190 | 167 | 200 | |
| Technician/Analyst/Supervisor | 572 | 520 | 563 | |
| Operational | 490 | — | — | |
| Intern | — | 78 | 105 | |
| Apprentice | — | — | — | |
| Total | 1.296 | 807 | 912 | |
| Confirmed Cases of Corruption | |
| 2019 | none |
| 2020 | none |
| 2021 | none |
| (*) Note: No cases were identified in which Nexa or its employees have been involved in judicial enquiries and/or criminal proceedings for possible involvement in corruption cases related to Nexa |
| Lawsuits for Unfair Competition, Trust and Monopoly Practices | |
| 2019 | none |
| 2020 | none |
| 2021 | none |
| (*) Note: Nexa has not filed any lawsuits against itself or its subsidiaries concerning unfair competition, trust and monopoly practices, nor has it made payments or suffered any other penalties as a result of such lawsuits. |
| Environmental Non-Compliance¹ | |||
| Period | 2019 | 2020 | 2021 |
| Total number of sanctions | 14 | 23 | 31 |
| Total monetary value of significant fines (US$) | 664.349,60 | 5.169.602,80 | 23.363.818,40 |
| Lawsuits filed through arbitration mechanisms | – | – | – |
| Cases related to water resources in which the company has been notified and/or fined |
N/A | N/A | – |
¹ Considers fines and sanctions received and amounts paid, including both lawsuits filed and administrative proceedings. The indicator shows an increase in sanctions received in recent years, due to stricter criteria by Peruvian environmental authorities.
N/A: Data not collected for the period or not applicable for the operation.
|
Non-compliance with laws and regulations in the social and economic area (*) |
|||
| 2019 | 2020 | 2021 | |
| Total value of significant fines for non-compliance with laws and regulations, including products and services (US$) |
161.382.266,96 | 34.083.072,76 | 1.766.809,98 |
| Number of non-monetary sanctions | – | – | – |
| Lawsuits filed through arbitration mechanisms | – | – | – |
(*) Fines and sanctions received and amounts paid were considered, including both lawsuits filed and administrative proceedings.
In addition to Nexa’s Code of Conduct, other documents were updated throughout the year, such as the Antitrust, Prevention of Money Laundering and Terrorist Financing, ESTMA, Anti-Corruption, Donations, Government Relations, Gifts and Hospitality policies, as well as Sponsorships, Books and Records, Conflict of Interest, Training and Communication, and Compliance Definitions.
| Production of Metal Ores and Finished Metal Products | |||
| Zinc (mil t) | |||
| 2019 | 2020 | 2021 | |
| Vazante | 139 | 148 | 140,5 |
| Morro Agudo | 24,4 | 25,2 | 17,3 |
| Cerro Lindo | 126,3 | 95,4 | 102,3 |
| Atacocha | 16,7 | 9,6 | 8,5 |
| El Porvenir | 54,7 | 34,9 | 51,4 |
| TOTAL | 361,1 | 313,1 | 319,9 |
| Production of Metal Ores and Finished Metal Products | |||
| Copper (mil t) | |||
| 2019 | 2020 | 2021 | |
| Vazante | — | — | — |
| Morro Agudo | — | — | — |
| Cerro Lindo | 37,7 | 27,8 | 29,1 |
| Atacocha | — | — | — |
| El Porvenir | 0,5 | 0,3 | 0,5 |
| TOTAL | 38,2 | 28,2 | 29,6 |
| Production of Metal Ores and Finished Metal Products | |||
| Lead (mil t) | |||
| 2019 | 2020 | 2021 | |
| Vazante | 1 | 1,3 | 1,6 |
| Morro Agudo | 4,7 | 4 | 4,7 |
| Cerro Lindo | 12,3 | 11,6 | 12,8 |
| Atacocha | 16,5 | 10,2 | 8,7 |
| El Porvenir | 16,9 | 10,9 | 17,7 |
| TOTAL | 51,3 | 38 | 45,6 |
| Production of Metal Ores and Finished Metal Products |
|||
| Silver (thousand ounces) | |||
| 2019 | 2020 | 2021 | |
| Vazante | 333,1 | 383,5 | 500,2 |
| Morro Agudo | 22,6 | 3,5 | — |
| Cerro Lindo | 3250,5 | 2939,0 | 3813,7 |
| Atacocha | 1882,1 | 1184,7 | 1026,7 |
| El Porvenir | 3412,7 | 2315,2 | 3467,2 |
| TOTAL | 8901,0 | 6825,9 | 8808,3 |
| Production of Metal Ores and Finished Metal Products | |||
| Gold (thousand ounces) | |||
| 2019 | 2020 | 2021 | |
| Vazante | — | — | — |
| Morro Agudo | — | — | — |
| Cerro Lindo | 4,5 | 4 | 4,8 |
| Atacocha | 9,3 | 6,3 | 11,9 |
| El Porvenir | 11,2 | 5,9 | 8,7 |
| TOTAL | 25 | 16,2 | 25,5 |
In 2017, we also signed a commitment to the global agenda consisting of 17 goals and 169 targets to be achieved by 2030.
Read more about Nexa in the links below
