our-approach
Our Approach to Responsible Mining

Barrick is committed to building, operating and closing our mines in a safe and responsible manner.

We make this commitment with a firm belief that our mining activities can create sustained progress and prosperity when we manage our social, economic and environmental impacts with our stakeholders’ interests in mind.

To do this, we put a priority on creating mutually beneficial and long-term partnerships—with our own people, with the countries and communities where we operate, and with our shareholders—treating their interests as our own.

When we get this right, we earn the trust of our partners and maintain our license to operate throughout the life of a mine. In turn, this helps ensure that our mining activities create mutual and lasting prosperity for all of our partners, so that we can all advance, together.

Governance

Responsible Mining Governance

Our commitment to responsible mining is supported by a robust governance framework, setting out the company’s approach to and expectations for employees, suppliers and contractors in the conduct of their daily work.

At the core of this framework is the Code of Business Conduct and Ethics and supporting management systems, programs and policies. These provide a common standard by which all sites are expected to operate, from community, health, environmental, safety, security, human rights and ethical perspectives, and help bring Barrick’s Vision and Values to life.

The Code and supporting systems and programs are complemented by Board- and executive-level oversight, as well as expert advice from our external CSR Advisory Board, to ensure we are staying true to our commitment to mining in a responsible manner.

Barrick’s Corporate Responsibility Committee assists the Board of Directors in overseeing the company’s environmental, safety and health, corporate social responsibility, and human rights programs, policies and performance.
Read its mandate.

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Ethics

Ethical Business Conduct

With thousands of employees, suppliers and contractors, working in highly diverse countries, our exposure to potential incidents of bribery and corruption is real and can present risks to companies like ours that operate around the globe. Not only is corruption contrary to our values of integrity and responsibility, it also erodes the social fabric of the communities where we operate.

We assessed 100% of our sites for corruption-related risks in 2015

At Barrick, we demand that all of our interactions are conducted in an ethical, honest and accountable manner and in accordance with all applicable laws and regulations. We have a Code of Business Conduct and Ethics (the Code), which identifies our obligations, as a company and as individuals, to comply with all applicable laws and to avoid and report bribery and corruption wherever we work.

Live anti-corruption training was provided to more than 1400 employees—plus additional specialized training for 900+ security employees—in 2015

Barrick also has a comprehensive, global Anti-Corruption Compliance Program that helps our conduct adhere to Canada’s Corruption of Foreign Public Officials Act, the U.S. Foreign Corrupt Practices Act, and applicable anti-bribery and anti-corruption laws in other countries where we operate.

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Transparency

Transparency & Reporting

We believe that transparency, whether through disclosing payments to governments, reporting on our energy and water use, voluntarily opening ourselves to third-party scrutiny or in other ways, can be a powerful tool against corruption and is a hallmark of ethical business conduct.

We were the first Canadian mining company to be a signatory to the Extractive Industries Transparency Initiative. We report detailed country-by-country information, including environmental and social data and the taxes and royalties we have paid to governments around the world. We participate in the annual CDP Climate Change and Water Disclosure process, providing investors and other interested stakeholders with detailed information on our water and energy use and emissions data. We open our social and environmental performance to third-party scrutiny, including through the ISO 14001 re-certification process, International Cyanide Management Code audits, annual human rights impact assessments, and an annual assurance against the International Council on Mining and Metal’s Sustainable Development Framework.

Detailed reports and data tables with four-year trending are available on our Transparency Hub.

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CSR Advisory Board

CSR Advisory Board

Barrick’s Corporate Social Responsibility Advisory Board was formed in 2012 and acts as an external sounding board on a range of corporate responsibility issues, including community relations, sustainable development, water, energy, climate change, security and human rights.

We benefit from the insight of several world-renowned experts in human rights, sustainability and international development, currently including Aron Cramer, Robert Fowler and Gare Smith. John Ruggie, author of the United Nations Guiding Principles on Business and Human Rights, serves as a Special Consultant to the Advisory Board.

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Heart of Gold Fund

Heart of Gold Fund

Each of Barrick’s operations can make significant and meaningful contributions to the social and economic development of host governments and communities.

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Date Download Description
May 6, 2015 files/design/bodybg/our-approach.jpg
2014 Responsibility Report
Gold  $ 1,256.20 -0.88 -0.07% Volume: February 27, 2017
ABX NYSE  $ 19.54 +0.00 +0% Volume: 13,338,300 February 24, 2017
ABX TSX  $ 25.59 +0.00 +0% Volume: 2,833,600 February 24, 2017
Gold  $ 1,256.20 -0.88 -0.07% Volume: February 27, 2017

Our vision is the generation of wealth through responsible mining — wealth for our owners, our people, and the countries and communities with which we partner.

World Gold Council Member

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