Our core business is building partnerships of real depth and trust with host governments, local communities, NGOs, indigenous people, and others. At their invitation and with their support, we take their minerals out of the ground, and in so doing, create wealth for all.
Since the gold we mine belongs to the countries and communities where we operate, we see ourselves as partners in transforming these resources for mutual benefit. To know what benefitting really means to others, we listen to understand local priorities, interests and concerns. Our more than 30 years of working with governments, communities and others tells us that what matters is as varied as where we operate. Knowing what matters — and getting that right — is the foundation of a mutually-beneficial and long-term partnership.
Barrick’s operations can have both positive and negative impacts on the people and communities near our mines. The presence of a mine can lead to increased economic activity, local jobs and greater tax revenues.
9,000+ employees are from local communities
In 2015 alone, we contributed more than $6.15 billion by way of local and national goods and services, wages and salaries, taxes and government royalties, and investments in the communities where we operate. At the same time, mining can also contribute to social change, use scarce resources and contribute to an influx of people into a community.
We do not see the good things that we do as offsetting all negative or harmful impacts we may have. For this reason, we work as hard at mitigating any negative impacts we may generate as we do on creating mutual and sustained value for our partners.
$1.1 billion in local purchases in 2015
Fundamentally, this is about getting the simple things right, such as actively listening to communities, managing dust and noise or buying and hiring locally. For this to happen across all of Barrick’s sites, the company has developed a Community Relations Policy supported by a Community Relations Standard, procedures, guidelines, and toolkits, as well as comprehensive assurance reviews. Together, these form Barrick’s Community Relations Management System (CRMS). The CRMS creates explicit performance requirements for Community Relations at Barrick projects and operations to ensure we are living up to our commitments.
Barrick operates mines in highly diverse social, economic and political contexts, including locations where human rights may not fully be recognized or respected.
Our Human Rights Policy contains the underlying principle behind our human rights approach: We will respect the human rights of all stakeholders who may be impacted by our operations.
More than 6,300 Barrick employees received
online human rights training in 2015
The Policy is applicable to every employee of Barrick Gold Corporation or its subsidiaries1, including senior executive and financial officers, and to members of the Barrick Board of Directors. The reporting requirement of this Policy is also applicable to Barrick’s contractors and suppliers.
Barrick has put in place a human rights compliance program to enforce our corporate policies and ensure human rights are respected everywhere we operate. The compliance program applies on a global basis to all of our employees and Barrick-operated sites. It is grounded in applying our corporate values at all locations at all times and is consistent with the UN Guiding Principles on Business and Human Rights.
1 The Policy is not applicable to Acacia or the Porgera Joint Venture, which maintain their own human rights policies, or to Jabil Sayid, and may not be applicable at other locations in which Barrick holds a significant interest but does not exercise operational control.
The conduct and behavior of our suppliers, vendors, and contractors can significantly affect our workplace, the environment, the lives of people in local communities, our reputation, and our overall ability to operate effectively.
As such, we expect and demand that our supply chain partners uphold Barrick’s principles of ethical business conduct, and respect for human rights. As a company, we strive to do business only with those suppliers who share these principles.
In 2015, we conducted due diligence on 90% of
new suppliers — approximately 1,100 vendors
For this reason, Barrick has a Supplier Code of Business Conduct and Ethics, which governs the conduct of suppliers and contractors doing business with Barrick. It covers important issues such as anti-bribery, anti-corruption, and human rights.
Barrick also has a Vendor Onboarding System and Standard to assist in our efforts to work with partners who align with our values. Under the Standard, we conduct due diligence on every entity receiving funds from Barrick — including suppliers, service providers, and civil society groups.
Mining is a heavily regulated industry; our business depends on strong relations with host governments.
From exploration to construction, operation and closure, our activities are significantly impacted by the political and regulatory environments of our host countries. We recognize that our mines can play a significant role — economically, socially, and politically — in many of the jurisdictions where we operate.
Our core business is about building partnerships of real depth
and trust with host governments and other stakeholders
We take a partnership approach with our stakeholders, including our home and host governments. This means we work to balance our own interests and priorities with those of our government partners, so that everyone derives real and sustained value from our operations.
Barrick’s executive directors and head office government affairs team work to build constructive relationships and regularly engage with regulators, public-policy makers, and non-governmental organizations — either on a face-to-face basis, or through our industry associations.
Barrick’s business is about partnerships — with governments, communities, suppliers, civil society, other companies, and our employees.
This means balancing our own interests and priorities with those of others, helping both Barrick and our partners to derive real value from working together. It also means embracing a shared sense of responsibility. Getting this balance right helps us sustain the support and confidence of our key stakeholders, which is essential for our business success.
We strive to engage with all of our stakeholders in an open, transparent manner. This means communicating in an honest and timely fashion, as well as actively listening and responding to our stakeholders’ concerns and interests.
Barrick works closely with civil society and government partners in multi-stakeholder groups, including the Devonshire Initiative, the VPs and EITI.
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