SOCIAL FIELD
We aim to have an in-depth understanding of our people and the communities around us. We strive to be inclusive and diverse and to promote a good working environment and development. For our contractors and suppliers, we want to create networks and learn together; for customers and consumers, we aspire to constantly deliver and innovate with the best solutions for daily life. In addition, with our communities, we practice mutual respect and respect for the environment we cohabit through transparent and timely communication and actions that generate shared value.
We aim to have an in-depth understanding of our people and the communities around us. We strive to be inclusive and diverse and to promote a good working environment and development. For our contractors and suppliers, we want to create networks and learn together; for customers and consumers, we aspire to constantly deliver and innovate with the best solutions for daily life. In addition, with our communities, we practice mutual respect and respect for the environment we cohabit through transparent and timely communication and actions that generate shared value.
PEOPLE
People are at the core and strategic axis of our business; the strategy is to attract, develop and retain talent to consolidate CMPC as a great place to work, ensuring health and safety as a fundamental pillar.
GOODS AND SERVICES SUPPLIERS
Suppliers and service companies are essential to the Company because of their value-generating capacity and ability to contribute to the local development of communities. In this line, we are interested in working with all the people that each territory can add.
COMMUNITY AND SOCIETY
We want our seal to be local development and the creation of shared value. We strive to identity, listen and understand neighboring communities in the best way possible, to build ties, to bring positions closer, and to bet on increasingly successful collaborative agreements.
HUMAN RIGHTS
Since 2021 CMPC has had a company-wide Human Rights Policy for all of its businesses and subsidiaries. It establishes foundational definitions, areas of application and specific mechanisms that help identify, manage and remedy the violation of human rights (HR) under a preventive approach.
Human Rights Due Diligence
CMPC undertakes constant and systematic due diligence and evaluation of human rights through permanent and recurring verification via its FSC and PEFC Forest Management and Chain of Custody certifications.
The FSC Chain of Custody standard (FSC-STD-40-004 V3-1, Section 7 ‘FSC core labour requirements’) explicitly requires compliance with commitments against child labour (7.2), forced labour (7.3: bonded labour, withholding of wages, restriction of mobility, retention of passport and identity documents), discrimination (7.4) and freedom of association (7.5), with a mandatory self-assessment submitted to the certifying body (clause 1.6). The FSC Forest Management standard (FSC-STD-01-001 V5-3) defines in its glossary that ‘Workers’, subject of Principle 2, “includes contractor employees as well as self-employed contractors and sub-contractors. AS for PEFC, clause 4.10.2 of ST 2002:2020 includes requires compliance with freedom of association/collective bargaining, no forced labor, no child labor (minimum age 15), non-discrimination, and OHS conditions.
Principle 3 of the FSC Forest Management Standard requires Free, Prior and Informed Consent (FPIC) from Indigenous Peoples, with binding agreements that include monitoring by the Indigenous Peoples themselves, explicitly citing the UN Declaration (2007) and ILO Convention 169. The current version (V5-3) extends this same FPIC requirement to ‘traditional peoples’ (non-Indigenous communities with customary rights), broadening the coverage of protected groups. The PEFC standard (clause 6.3.2.2) requires the same standard of free, prior and informed consent.
CMPC has been subject to a recurring verification cycle since 2004, with two layers: its own internal audit (minimum annual, PEFC 4.6.1; regulatory self-assessment, FSC CoC clause 1.6) and an external audit by accredited certification bodies, with recertification every 5 years. This cycle explicitly covers compliance with the ILO Fundamental Conventions and applies to both its own and third-party forestry operations, as well as to certified industrial plants.
These certifications cover 95.32% of the Company’s total forest assets (98.25% of its own) and 39 certified industrial plants, with annual internal audit and recurring external audit: initial certification, periodic monitoring, and recertification every 5 years. Considering forest assets, industrial plants and offices, 45 sites from a total of 55 have been evaluated for human rights risks under FSC Chain of Custody certifications, covering 82% of all company sites and contractors. For these audited sites, no human rights non-compliances were found, (human rights risks found on 0% of sites), so no mitigation actions were applied. These human rights evaluation results apply to contractors as these stakeholders are included within scope of FSC certification audits.
In 2023 CMPC hired an expert consultancy firm to identify the main focuses of attention regarding human rights risks, defining an action plan and its governance for the implementation of the due diligence process. After reviewing good practices on human rights at corporate level, the scope of the evaluation was defined, which will be for forestry operations in Chile. The human rights-related topics included in the evaluation were also defined, such as health and safety, working conditions, discrimination and indigenous rights, among others. This process seeks to identify these risks for different groups, including the Company’s own workers, contractors, local communities, women, children, migrant workers and people belonging to indigenous groups.
In the last quarter of 2024, the company began a focused Human Rights due diligence process, advised by the Corporate Sustainability Program of the Pontifical Catholic University of Chile. This process is led by a working group composed of the Sustainability, Risk and Compliance, Public Affairs, Procurement, and Environmental, Occupational Health and Safety departments.
This due diligence process applies to its own operations (its own employees) and to the value chain (contractors). The Human Rights assessed in the process include Occupational Health and Safety, Environment and Community Quality of Life, Child Labor, Forced Labor, Freedom of Association, Freedom of Collective Bargaining, Human Trafficking and Discrimination.
This first focused due diligence process was completed in 2025, covering Bosques’ operations in the Biobío region of Chile. The Company analyzed the possible risks identified based on scale, scope and irreversibility and incorporated the results into the Risk Management Program overseen by the VP of Legal and Compliance, through which it tracks action plans and commitments acquired. The Risk and Compliance Department monitors action plans, and once their implementation is complete, it will analyze the effectiveness of measures and determine the level of residual risk. Progress on opportunities for improvement will be reported to the Risk, Audit and Compliance Committee. The Company opted for a phased due diligence process designed to analyze each operation in depth and gradually cover a more representative percentage of its operations and production cycle year by year.
Regarding results of the focused human rights due diligence, no human rights violations were identified and hence no remediation actions were taken. However, mitigations actions were taken in transport and nursery operations, such as ergonomic improvements, improvements to sanitary facilities, improvements to rest areas, improved connectivity, and promotion of the complaint hotline.
Since 2021 CMPC has had a company-wide Human Rights Policy for all of its businesses and subsidiaries. It establishes foundational definitions, areas of application and specific mechanisms that help identify, manage and remedy the violation of human rights (HR) under a preventive approach.
Human Rights Due Diligence
CMPC undertakes constant and systematic due diligence and evaluation of human rights through permanent and recurring verification via its FSC and PEFC Forest Management and Chain of Custody certifications.
The FSC Chain of Custody standard (FSC-STD-40-004 V3-1, Section 7 ‘FSC core labour requirements’) explicitly requires compliance with commitments against child labour (7.2), forced labour (7.3: bonded labour, withholding of wages, restriction of mobility, retention of passport and identity documents), discrimination (7.4) and freedom of association (7.5), with a mandatory self-assessment submitted to the certifying body (clause 1.6). The FSC Forest Management standard (FSC-STD-01-001 V5-3) defines in its glossary that ‘Workers’, subject of Principle 2, “includes contractor employees as well as self-employed contractors and sub-contractors. AS for PEFC, clause 4.10.2 of ST 2002:2020 includes requires compliance with freedom of association/collective bargaining, no forced labor, no child labor (minimum age 15), non-discrimination, and OHS conditions.
Principle 3 of the FSC Forest Management Standard requires Free, Prior and Informed Consent (FPIC) from Indigenous Peoples, with binding agreements that include monitoring by the Indigenous Peoples themselves, explicitly citing the UN Declaration (2007) and ILO Convention 169. The current version (V5-3) extends this same FPIC requirement to ‘traditional peoples’ (non-Indigenous communities with customary rights), broadening the coverage of protected groups. The PEFC standard (clause 6.3.2.2) requires the same standard of free, prior and informed consent.
CMPC has been subject to a recurring verification cycle since 2004, with two layers: its own internal audit (minimum annual, PEFC 4.6.1; regulatory self-assessment, FSC CoC clause 1.6) and an external audit by accredited certification bodies, with recertification every 5 years. This cycle explicitly covers compliance with the ILO Fundamental Conventions and applies to both its own and third-party forestry operations, as well as to certified industrial plants.
These certifications cover 95.32% of the Company’s total forest assets (98.25% of its own) and 39 certified industrial plants, with annual internal audit and recurring external audit: initial certification, periodic monitoring, and recertification every 5 years. Considering forest assets, industrial plants and offices, 45 sites from a total of 55 have been evaluated for human rights risks under FSC Chain of Custody certifications, covering 82% of all company sites and contractors. For these audited sites, no human rights non-compliances were found, (human rights risks found on 0% of sites), so no mitigation actions were applied. These human rights evaluation results apply to contractors as these stakeholders are included within scope of FSC certification audits.
In 2023 CMPC hired an expert consultancy firm to identify the main focuses of attention regarding human rights risks, defining an action plan and its governance for the implementation of the due diligence process. After reviewing good practices on human rights at corporate level, the scope of the evaluation was defined, which will be for forestry operations in Chile. The human rights-related topics included in the evaluation were also defined, such as health and safety, working conditions, discrimination and indigenous rights, among others. This process seeks to identify these risks for different groups, including the Company’s own workers, contractors, local communities, women, children, migrant workers and people belonging to indigenous groups.
In the last quarter of 2024, the company began a focused Human Rights due diligence process, advised by the Corporate Sustainability Program of the Pontifical Catholic University of Chile. This process is led by a working group composed of the Sustainability, Risk and Compliance, Public Affairs, Procurement, and Environmental, Occupational Health and Safety departments.
This due diligence process applies to its own operations (its own employees) and to the value chain (contractors). The Human Rights assessed in the process include Occupational Health and Safety, Environment and Community Quality of Life, Child Labor, Forced Labor, Freedom of Association, Freedom of Collective Bargaining, Human Trafficking and Discrimination.
This first focused due diligence process was completed in 2025, covering Bosques’ operations in the Biobío region of Chile. The Company analyzed the possible risks identified based on scale, scope and irreversibility and incorporated the results into the Risk Management Program overseen by the VP of Legal and Compliance, through which it tracks action plans and commitments acquired. The Risk and Compliance Department monitors action plans, and once their implementation is complete, it will analyze the effectiveness of measures and determine the level of residual risk. Progress on opportunities for improvement will be reported to the Risk, Audit and Compliance Committee. The Company opted for a phased due diligence process designed to analyze each operation in depth and gradually cover a more representative percentage of its operations and production cycle year by year.
Regarding results of the focused human rights due diligence, no human rights violations were identified and hence no remediation actions were taken. However, mitigations actions were taken in transport and nursery operations, such as ergonomic improvements, improvements to sanitary facilities, improvements to rest areas, improved connectivity, and promotion of the complaint hotline.
