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.
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.
Barrick also has a comprehensive, global Anti-Corruption Policy and 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.
Our comprehensive global Anti-Corruption Compliance Program helps us adhere to these laws. The Program seeks consistency with the stated expectations of U.S. and Canadian regulatory authorities, and is overseen by the Audit Committee of the Board of Directors.
The program includes:
Barrick expects all employees, officers and directors to identify and raise concerns about unethical business conduct, including potential bribery or corruption issues. When corruption concerns are raised, independent investigations are conducted. In support of this, we have established a clear and confidential reporting framework that:
Under our procedures, we may voluntarily report information regarding corruption or fraud concerns and the results of an investigation we carry out to law enforcement, regulatory authorities or others, and cooperate with investigations that public authorities may undertake. We also will undertake appropriate disciplinary action up to and including terminations of employees and third parties involved in unethical business conduct.
Barrick believes that revenue transparency and reporting on our relevant programs, whether through the Extractive Industries Transparency Initiative (EITI), the Dodd-Frank Act, or the Global Reporting Initiative (GRI), can be a powerful tool against corruption and in support of ethical business conduct.
We were the first Canadian mining company to be a signatory to the Extractive Industries Transparency Initiative. We provide detailed country-by-country information, including environmental performance, benefits to communities, and the taxes and royalties paid to governments, on our website. We also report on our programs and performance to the International Council on Mining & Metals (ICMM), the Dow Jones Sustainability Index (DJSI), through the CDP Climate Change and Water Disclosure process, and in our annual GRI-compliant Responsibility Report.
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.
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© 2017 Barrick Gold Corporation© 2017 Barrick Gold Corporation