TORONTO, ONTARIO–(Marketwired – Aug 12, 2014) – Barrick Gold Corporation has published its latest annual Responsibility Report, which provides a detailed overview of the company’s corporate responsibility performance. The report is available at barrickresponsibility.com. This is the 12th year that Barrick has published a Responsibility Report.
“Barrick’s priority is to achieve operational excellence, and that goal extends to every area of the company, especially to operate safely and responsibly,” says Peter Sinclair, Senior Vice President of Corporate Affairs. “We know that a culture of innovation, transparency and continuous improvement is essential to achieve this priority, and this report provides an important way to communicate our performance and progress in this regard.”
Highlights from the 2013 Report include:
Significant economic contribution to host countries and communities. In 2013, this contribution totaled $15.2 billion, including $11.1 billion in the purchase of local and national goods and services, $1.7 billion in taxes and royalties, and $2.3 billion in wages and benefits.
$7.1 billion of the company’s total economic contribution went to developing and emerging countries in 2013, providing significant economic opportunities to these countries and host communities.
$81 million invested in community development initiatives and programs to improve health, education, and infrastructure.
In the past six years, Barrick has contributed nearly $25 million for scholarships, creating important educational opportunities for more than 21,000 students around the world.
Progress continued on the implementation of Barrick’s global human rights compliance program, consistent with the company’s emphasis on respecting human rights everywhere it operates. Advances in 2013 included human rights-related training of more than 12,000 employees, strengthened due diligence in hiring practices and the completion of third-party human rights assessments at six sites.
In 2013, we continued to work with the Danish Institute for Human Rights in support of its Human Rights and Business Country Portal. We also continued our partnership with White Ribbon, a non-governmental organization focused on preventing gender-based violence through education and engagement with men and boys. The partnership is initially focusing on operations and host communities in Zambia, Papua New Guinea and Nevada.
Learn more: Barrick Responsibility Report – Human Rights
Safety and Environment
Continued downward trend in the total reportable injury frequency rate during the past 12 years. In 2013, more than 700,000 hours of safety training were provided to employees and contractors.
Nearly one-quarter of Barrick’s electrical power, both self-generated and purchased, was sourced from renewable energy sources in 2013.
Innovation in water management included water recycling and zero discharge programs and the use of non-potable water sources. More than 28 percent of water used in 2013 was derived from saline or brackish sources and 67 percent of the company’s operations are zero discharge sites with most water recycled and reused.
Learn more: Barrick Responsibility Report – Workplace Safety
For the sixth consecutive year, Barrick was named to the Dow Jones Sustainability World Index.
Barrick was also ranked among the top companies in the world by the NASDAQ Global Sustainability Index. We have been included on the Index since November 2010.
In Canada, Barrick was named to the Canada 200 Carbon Disclosure Leadership Index.
Barrick reports according to the Global Reporting Initiative’s (GRI) Sustainable Reporting Guidelines, using GRI-3 at application Level A+. Since 2008, Barrick’s annual Responsibility Report has been externally assured. The report includes a referenced index for the UN Global Compact and the International Council on Mining and Metals Sustainable Development Principles.
About Barrick Gold Corporation
Headquartered in Toronto, Canada, Barrick is the world’s leading gold mining company, with mines and projects on five continents. Last year, the company’s operations contributed $15 billion in economic value to the communities and the countries where we operate. Reflecting a focus on responsible, modern mining, Barrick has been listed on the Dow Jones Sustainability Index for six consecutive years.
Read more about modern mining at Barrick at barrickbeyondborders.com.
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