2023 INTEGRATED REPORT

02

Sustainable
Growth Strategy

Activities
and Businesses

GLOBAL PRESENCE

CAP Group is present in Chile, Peru and Argentina, with mining and industrial operations. In commercial terms, its products are distributed in various countries in the Americas, Asia and Oceania.

WHAT DIFFERENTIATES CAP

  • It is the leading producer of iron ores and pellets on the American Pacific Coast.
  • In Chile, it has been the largest steel producer and is the most important processor of specialized steels.
  • It is the third largest port operator in the country.
  • Leaders in modular construction and industrialized steel solutions.

Sustainable Value/Strategy

  • Sustainable
    Growth Strategy

To be leaders in the global market for decarbonization materials, through an integrated business portfolio and the development of innovative and sustainable products and solutions.

  • Alignment and
    Strategic Focuses

The strengthening of the Sustainable Growth Strategy has led to improving integration and strategic alignment among CAP Group companies. This Strategic Alignment Framework establishes three approaches for prioritizing value opportunities among the different companies: Operational Continuity, Strengthening Current Businesses, and Portfolio Development.

We generate wellbeing and shared progress, transforming resources with Chile and the world

We are very pleased to
announce our recent alliance
with Aclara Resources,
which formalizes CAP's entry into
the rare earths market,
a key milestone for our company

This association formalizes the possibility of creating a new company to generate value-added products based on iron alloys and rare earths, which are used as raw materials for the final manufacture of permanent magnets.

The first step of this alliance is to develop the Modulo Penco project in the Biobío Region, in order to subsequently grow in initiatives that allow us to offer the market added-value solutions based on the use of rare earths, critical materials for electromobility, renewable energies and, in short, to take Chile a step further in the industrialization it needs.

Goals to 2030

Some of our most relevant
goals to 2030 are:

To achieve 35% of
women in leadership
positions

To maintain 85% of
local workers

Reduction of 24-30% of
scope 1 and 2 CO2
emissions 1

Use of 100% renewable energy
in all new projects
from 2030 onwards

Reduction of freshwater withdrawals
(from inland sources)
by 35% 2

Significant cases of progress in SDG commitments

Quality Education: Development of specific programs such as Alfadeca, Educación Dual and support for municipal high schools. Internship programs from different universities and technical training centers.

Industry, Innovation and Infrastructure: Cintac Group presented Casa Vita, its first two-dimensional industrialized social housing, built without the use of water and made entirely of steel.

Sustainable Cities and Communities: Support for the Coya indigenous community through Aguas CAP, a company that supplies water to its agricultural plantations.

Peace, Justice and Strong Institutions: During 2023 CAP executed a recertification process for its Compliance Program through an external audit.

1. Compared to a 2020 baseline.

2. Compared to a 2020 baseline.