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. We provide access to information about our operations, including social, economic and environmental impacts, and access to company officials who will listen and act on community concerns. Getting this right helps us sustain the support and confidence of our key stakeholders, which is essential for our business success.
Stakeholder- and issues-mapping helps identify our stakeholders and their concerns and interests. A stakeholder is any person or group that has an interest in the activities of Barrick, such as a local community member, non-governmental organizations, investor groups, host governments, Barrick employees, or others. Our mining activities can create both positive and negative impacts on these stakeholders, who, in turn, can also significantly affect our business success. Identifying, categorizing, and mapping the relationships between stakeholders helps ensure we are addressing the issues that matter and with the people that care most about them.
Community stakeholders are identified by our local site community relations teams (for detailed information on this process see Community Engagement). Corporate and country stakeholders, including shareholders, home and host governments, academics, non-governmental organizations (NGOs), Socially Responsible Investors (SRIs), and Environmental, Social, and Governance (ESG) research analysts, are identified through contacts within our investor relations team and other functional groups, contacts in our industry associations, outreach by our corporate social responsibility team, and direct contact by stakeholders interested in learning more about our social, environmental, and operational performance.
By seeking open, transparent, and respectful relationships, our understanding of each other’s priorities, concerns, and interests is improved, thereby enhancing our ability to work constructively together on issues of mutual concern and interest. This puts us in a better position to contribute to what matters to our stakeholders while better managing the impacts of our activities.
We hold both regular and ad-hoc meetings in all countries with members of our host communities, local and regional governments, local NGOs, and other interested stakeholders. We also engage with non-community stakeholders— including our shareholders, international NGOs, and sustainable development research groups – through one-on-one meetings, teleconferences, participation in multi-stakeholder initiatives, and our industry associations.
Each year, as part of our annual assurance process for the International Council on Mining and Metals (ICMM), an independent, a third-party consultant completes site-level stakeholder interviews in a at least two of the countries where we operate. Site-level stakeholders include community members, local landowners, local business people, Indigenous peoples, local government officials, and women’s groups. Results of these stakeholder interviews and our assurance consultants’ recommendations are reviewed at a senior level within the company each year.
Today’s complex operating and social environment lends itself more than ever to coalitions of diverse individuals and sectors working together towards solving a common issue or problem. Therefore, we interact with a wide range of organizations, individuals, and multi-stakeholder initiatives such as the UN Global Compact, the Voluntary Principles on Security and Human Rights or the Extractive Industries Transparency Initiative and its multi-stakeholder working groups.
Also, in keeping with Barrick’s commitment to responsible mining, we have adopted a number of voluntary codes and initiatives and have become a partner or participating member of various associations and organizations that advance a social responsibility agenda.
Date of Adoption / Membership
BSR is a U.S.-based, not-for-profit organization focused on sustainability and business. BSR works with its global network of more than 250 member companies to develop sustainable business strategies and solutions through consulting, research, and cross-sector collaboration. Barrick is part of the Human Rights working group at BSR.
Carbon Pricing Leadership Coalition
The Carbon Pricing Leadership Coalition is an international, voluntary partnership between businesses, governments, and civil society organizations. The Coalition aims to strengthen carbon pricing policies, facilitate the integration of existing carbon pricing policies, and provide platforms for carbon pricing discussion and collaboration.
CDP (Carbon Disclosure Project)
The CDP is an independent not-for-profit organization holding the largest database of primary corporate climate change information in the world. Thousands of organizations from across the world’s major economies measure and disclose their greenhouse gas emissions and climate change strategies through CDP; and now water management strategies through CDP-Water Disclosure.
The DI is a forum for leading Canadian international development NGOs and mining companies to come together in response to the emerging social agenda surrounding mining and community development. Members believe that a collaborative presence between the Canadian private sector and NGOs in emerging markets can be a force for positive change. The ultimate objective of the (DI) is improved social and community development outcomes wherever Canadian mining companies operate overseas.
Extractive Industries Transparency Initiative
The EITI is a coalition of governments, companies, civil society groups, investors and international organizations. It supports improved governance in resource-rich countries by the verification and full publication of company payments and government revenues from oil, gas and mining.
Global Reporting Initiative
GRI developed the world’s most widely used sustainability reporting framework. The framework sets out the principles and indicators that organizations can use to measure their economic, environmental and social performance.
International Council on Mining & Metals
The ICMM was formed by the world’s leading mining companies. ICMM members believe that be acting collectively the mining, minerals and metals industry can best ensure its continued access to land, capital and markets as well as build trust and respect by demonstrating its ability to contribute successfully to sustainable development. As members we are committed to implementing the ICMM Sustainable Development Framework.
International Cyanide Management Code
The "International Cyanide Management Code For The Manufacture, Transport and Use of Cyanide In The Production of Gold" (the Code) is a voluntary program for the gold mining industry to promote responsible management of cyanide use in gold mining, enhance the protection of human health, and reduce the potential for environmental impacts. Companies that become signatories to the Code must have their operations audited by an independent third party to demonstrate their compliance with the Code.
International Network for Acid Prevention
Acid drainage is one of the most serious and potentially enduring environmental problems for the mining industry.
Left unchecked, it can result in such long-term water quality impacts that it could well be this industry’s most harmful legacy. Effectively dealing with acid drainage is a formidable challenge for which no global solutions currently exist. INAP is an industry group created to help meet this challenge.
Trace International Inc.
Trace International Inc. is a non-profit membership association that pools resources to provide practical and cost effective anti-bribery compliance solutions for multi-national companies and their commercial intermediaries.
United Nations Global Compact
The UN Global Compact provides a framework for businesses to align their operations and strategies with 10 universally accepted Principles in the areas of human rights, labour, the environment and anti-corruption.
Global Compact Network Canada
The Global Compact Network Canada (GCNC) is the local network chapter of the United Nations Global Compact. As the 101st local network of the UN Global Compact, the GCNC supports Canadian signatories (both Canadian firms and subsidiaries of global signatories) in the implementation of the Ten Principles, while facilitating and creating opportunities for multi-sectoral and multi-stakeholder collaboration.
Voluntary Principles on Security and Human Rights
The Voluntary Principles were developed out of a multi-stakeholder process involving companies and NGOs as a means of providing guidance to companies in the extractive sector on maintaining the security of their operations in a manner that respects human rights and fundamental freedoms.
World Gold Council
The World Gold Council is the market development organisation for the gold industry. Working within the investment, jewellery and technology sectors, as well as engaging in government affairs, its purpose is to provide industry leadership, whilst stimulating and sustaining demand for gold.
Barrick has also developed relationships with a number of non-government organizations (NGOs) to further our social and environmental activities in the regions where we operate. We engage with NGOs at the corporate, country and site levels across company. The list below includes some, but not all, of these organizations.
Papua New Guinea
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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