FRESNILLO PLC modern slavery statement summary (2025)

Organisation address
2nd Floor, 21 Upper Brook Street,
London,
England,
W1K 7PY

We asked the organisation a series of questions about its modern slavery statement. Its answers are published on this page as a statement summary.

This statement provides information for all 6 recommended areas

What is a modern slavery statement?
UK law requires certain organisations to publish an annual modern slavery statement on their website, setting out the steps they are taking to address modern slavery risks in their operations and supply chains. Read more in the government guidance on publishing modern slavery statements.
Link to full statement
Go to full modern slavery statement on organisation’s website

PDF version of the statement

Warning The file has been uploaded directly by FRESNILLO PLC and has not been reviewed, assessed or moderated by the Home Office for suitability and accessibility.
If you need an accessible version of this PDF file, please contact FRESNILLO PLC for further assistance.
Download

ModernSlaveryStatement2024Fresnilloplc.pdf

File uploaded: 30 May 2025 at 12:02am
PDF | 6.05 MB

Download file

About this statement summary

All answers relate to the financial year covered by the statement. The organisation is responsible for all the information it provided. Some of our questions are optional, so organisations may not have answered all of them. The statement summary does not replace the full modern slavery statement – below we provide a link to the full statement on the organisation’s website.

Contents

Statement period and sign-off details

The statement covers the following period:
1 January 2024 to 31 December 2024

The statement was signed off by:
Arturo Fernández (A Fresnillo plc NonExecutive (NED) Board Director )

It was approved by the board (or equivalent management body) on:
24 April 2025

Recommended areas covered by the statement

Government guidance encourages organisations to cover a range of areas in their modern slavery statements, setting out the steps they’re taking to address modern slavery risks in their operations and supply chains. Read about the recommended areas in the statutory guidance.

We asked the organisation to tell us which areas its statement covers.

Areas recommended by government guidance Organisation’s response
The organisation’s structure, business and supply chains Covered
Policies Covered
Risk assessment Covered
Due diligence (steps to address risk) Covered
Training about modern slavery Covered
Goals and key performance indicators (KPIs) to measure the effectiveness of the organisation's actions and progress over time Covered

The organisation’s sectors and turnover

Sectors

The organisation operates in the following sectors:

  • Mining, metals, chemicals and resources (including oil and gas)

Turnover

Its turnover in the financial accounting year of this statement was:

Over £500 million

If the organisation is a public body, this amount is based on the organisation’s budget for the year of the statement.
What does 'turnover' refer to in group statements?
If this is a group statement, this includes the total turnover for all the organisations covered by the statement.

Number of years producing statements

The organisation has been producing modern slavery statements for the following number of years:
More than 5 years
How does this work for group statements?
If the statement is for a group of organisations, this answer applies to the organisation with the longest history of producing statements.

Policies (optional)

We asked the organisation whether its policies include the following provisions in relation to its domestic and international supply chains, as well as its own operations.
Policy provisions we asked about Organisation’s response
Freedom of workers to terminate employment Not included
Freedom of movement Not included
Freedom of association Included
Prohibits any threat of violence, harassment and intimidation Included
Prohibits the use of worker-paid recruitment fees Included
Prohibits compulsory overtime Included
Prohibits child labour Included
Prohibits discrimination Included
Prohibits confiscation of workers' original identification documents Included
Provides access to remedy, compensation and justice for victims of modern slavery Included
Other
Prohibits retention of salary, commitment to comply with all the local and international regulations to respect labour and human rights

Training (optional)

We asked the organisation whether it provided training on modern slavery, and who it was for.
What counts as training?
We explained that by ‘training’ we meant anything designed to increase knowledge and skills around identifying, addressing or preventing modern slavery risks. This could range from formal training courses to broader awareness-raising activities such as workshops or webinars.
We asked who the training was for Organisation’s response
Your whole organisation No
Your front line staff No
Human resources No
Executive-level staff No
Procurement staff Yes
Your suppliers No
The wider community No
Other
Main suppliers

Monitoring working conditions (optional)

Engaging with others

We asked the organisation to tell us who it engaged with to help monitor working conditions across its operations and supply chains.
We asked who the organisation engaged with Organisation’s response
Your suppliers Yes
Trade unions or worker representative groups Yes
Civil society organisations No
Professional auditors No
Workers within your organisation Yes
Workers within your supply chain No
Central or local government No
Law enforcement, such as police, GLAA and other local labour market inspectorates No
Businesses in your industry or sector No

Social audits

We asked the organisation to tell us about any social audits it used to look for signs of modern slavery.
What are social audits?
A social audit is a review of an organisation’s working practices from the point of view of social responsibility, and should include an evaluation of working conditions in the organisation’s operations and supply chains. By their nature, audits of supplier workplaces represent a snapshot in time.
Organisation’s response
The organisation told us it did not carry out any social audits during the period of the statement.

Grievance mechanisms

We asked the organisation how workers in its operations or supply chains could raise concerns or make complaints.
We asked if workers could raise concerns this way Organisation’s response
Using anonymous whistleblowing services, such as a helpline or mobile phone app Yes
Through trade unions or other worker representative groups Yes

Other ways of monitoring working conditions

We asked the organisation whether it had any other ways of monitoring working conditions across its operations and supply chains:
We conducted a Modern Slavery risk assessment of critical third parties involving interviews, process mapping, workshops and engagement with risk owners and key suppliers. Safety leadership practices.

Modern slavery risks (optional)

Warning Identifying modern slavery risks is a vital step towards eradicating it. The government encourages organisations to be as open and transparent as possible, to improve understanding, collaboration and best practice around tackling this worldwide problem.
We asked the organisation to describe up to 3 priority risks it focused on during the period of the statement, including details of the affected workers, the activity involved, and the location.

Priority risks for this organisation (1 of 3)

Risk of Modern Slavery in our supply chains that supply our operations and projects, including relationships with direct suppliers (tier 1), and, with their suppliers (tier 2 or 3).
Questions we asked about this risk Organisation’s response
Where it was most likely to occur Organisation’s response: Within your supply chains.
  • Tier 2 suppliers
    Provide products and services to your organisation via your Tier 1 suppliers.
  • Tier 3 suppliers and below
    Provide products and services to your organisation via your Tier 2 suppliers or the next higher level in the chain.
Who was it most likely to affect Organisation’s response:
  • Migrants
  • Children
In which country Organisation’s response: Mexico
Actions or plans to address this risk Organisation’s response: Considering the sales volume for the year 2023 and the first half of 2024, as well as the criticality of the goods and services in connection with our operations and projects, we selected the 50 most relevant suppliers and/or contractors in order to carry out the Modern Slavery risk assessment; subsequently, we raised their awareness of this exercise and requested critical information (see page 20 on our public Modern Slavery Statement).

Priority risks for this organisation (2 of 3)

Work that is performed out of sight or in remote locations.
Questions we asked about this risk Organisation’s response
Where it was most likely to occur Organisation’s response: Within your supply chains.
  • Tier 2 suppliers
    Provide products and services to your organisation via your Tier 1 suppliers.
  • Tier 3 suppliers and below
    Provide products and services to your organisation via your Tier 2 suppliers or the next higher level in the chain.
Who was it most likely to affect Organisation’s response:
  • Migrants
  • Children
In which country Organisation’s response: Mexico
Actions or plans to address this risk Organisation’s response: We maintain a rigorous, risk-based supplier management framework so that we engage solely with reputable product and service providers and keep in place the necessary controls for the traceability of all supplies (including avoiding any conduct related to Modern Slavery). Our suppliers and contractors must meet our expectations for ethical behaviour and integrity, human and labour rights, occupational health and safety, and respect for communities and the environment.

Priority risks for this organisation (3 of 3)

Work that is temporary, seasonal or contractual in nature.
Questions we asked about this risk Organisation’s response
Where it was most likely to occur Organisation’s response: Within your supply chains.
  • Tier 2 suppliers
    Provide products and services to your organisation via your Tier 1 suppliers.
  • Tier 3 suppliers and below
    Provide products and services to your organisation via your Tier 2 suppliers or the next higher level in the chain.
Who was it most likely to affect Organisation’s response:
  • Migrants
  • Children
In which country Organisation’s response: Mexico
Actions or plans to address this risk Organisation’s response: Before engaging in business with a third party, we conduct a due diligence assessment of their ethical profile, to determine the level of risk and the corresponding measures. This process is carried out for all our third parties, in accordance with the established policy, where the compliance of third parties with human and labour rights is reviewed.

Indicators of forced labour (optional)

We asked the organisation whether its statement refers to finding any International Labour Organization (ILO) indicators of forced labour.
What are ILO indicators of forced labour?
The International Labour Organization (ILO) has produced a list of the most common signs of forced labour. They’re based on the definition of forced labour as ‘all work or service which is extracted from any person under the menace of any penalty and for which the said person has not offered himself voluntarily.’ More details and guidance are available on the ILO website, and in their publication ILO indicators of forced labour
ILO indicators we asked about Organisation’s response
Abuse of vulnerability No
Deception No
Restriction of movement No
Isolation No
Physical and sexual violence Yes
Intimidation and threats No
Retention of identity documents No
Withholding of wages No
Debt bondage No
Abusive working and living conditions No
Excessive overtime No
Other
-

Actions taken in response to finding ILO indicators

We asked the organisation to tell us whether its statement refers to any actions it took after finding indicators of forced labour
Organisation’s response
The organisation told us its statement does not refer to actions it took after finding indicators of forced labour.

Demonstrating progress (optional)

We asked the organisation how its statement demonstrates progress over time in addressing modern slavery risks. They provided the following answer:
We conducted and will continue developing risk assessments for Modern Slavery risks in our workforce and supply chain. We have set goals, such as: -Continuing an open dialogue with our contractors and suppliers on safety and health measures, prevention of harassment, human rights, and Modern Slavery. -Review our actions to prevent it compared to best practices to develop targeted improvement strategies to mitigate this risk. For more detail, refer to page 32, of our Modern Slavery Statement.