Message from the Board of Directors
GRI 102-14

Luis Ermirio de Moraes

Luis Ermirio de Moraes
Chairman of the Board of Directors

In 2019, we continued to make progress towards our goal of becoming a benchmark for sustainability in the mining sector and we are following this path with determination. In recent years, we have strengthened our management procedures regarding the three sustainability pillars – economic, environmental and social – with the aim of generating more value for shareholders and for all society.

The Board of Directors now comprises ten members, with the addition of a new member during 2018. In addition, it has also become more pluralistic, with representation of women and men from six nationalities, 40% of whom are independent members.

We have strengthened our governance practices through the creation of the Sustainability Committee, which is now responsible for establishing guidelines, supporting and monitoring our practices, so that they are safe and sustainable, based on high standards of health, safety, respect for the environment and corporate social responsibility. The creation of this committee is in addition to the other three bodies already in existence, also permanent in nature: Audit, Finance, Compensation, Nominating and Governance.

Moreover, we have bolstered our Compliance area providing our employees training in our four compliance policies and nine internal procedures which relate to the Code of Conduct, prevention of money laundering, anti-corruption and other topics relevant to our organization, through a modern and interactive platform.

The future of mining and, consequently, of our business, also depends on the joint construction of a relevant legacy for society. This is only possible if we establish strong ties with the communities in the vicinities of our sites , with the government and other stakeholders that are relevant to our business. Therefore, in 2019 we have made a great effort to strengthen relations with communities in Brazil and Peru.

Toward this end, we are committed to the evolution of Nexa’s corporate culture, where agility and innovation are priorities and result in continuous enhancement of performance and potential returns for all stakeholders. We also cultivate good relations with our investors, through open dialogues in diverse forums and transparency in information disclosures. In the two years since the company’s IPO, we have seen a change in Nexa’s investor profile, most of whom currently are seeking long-term returns, confident in our growth potential in the upcoming years. In 2019, for example, we fulfilled an important promise made at the time of going public: to start the construction of the Aripuanã Project, located in one of the world’s largest unexploited zinc deposits. The work are still in progress and operations are expected to get underway in 2021.

This demonstrates our continued conviction to grow competitively, in current operations and future projects, safely and sustainably, making relevant contributions to the development of the locations where we are present. I wish to offer my special gratitude to Nexa’s executive board and all employees for their commitment to overcome challenges and build an increasingly better company.

aspas-nota

We continue to advance on the journey of becoming a mining sector sustainability benchmark company
with safe practices, respect for the environment and the generation of a legacy for society.