transparency-hub

Barrick believes that transparency — whether through disclosing payments to governments, reporting on our energy and water use, voluntarily opening ourselves to third-party scrutiny, or otherwise — is integral to being an honest partner.

We strive to provide clear, transparent information on performance to our stakeholders, including investors, regulators, and ESG analysts. We therefore produce a series of detailed reports and data tables with the information our stakeholders require.

Key Reports for ESG Analysts

We produce a series of detailed high-quality reports with key information needed for evaluations from our ESG analysts:

Responsibility Report

Barrick reports according to the Global Reporting Initiative’s (GRI) Sustainability Reporting Guidelines, using GRI-G4, the fourth version of the guidelines. Our annual Responsibility Report, based on the GRI framework and Mining & Metals Supplement, provides information on Barrick’s management of significant issues affecting our license to operate, including environmental, workplace and social issues. It can be used by us, and by our stakeholders, to benchmark our performance against others in our industry.

A company of Barrick’s size is faced with myriad social, environmental and economic issues on which it could report. Under the Global Reporting Initiative G4 Guidelines, organizations focus their reporting on matters that are specifically material to them and provide greater depth on those subjects. Our process for identifying these material issues is available here.

The complete Responsibility Report is located in the Responsibility tab of the Barrick website and is available to download in PDF format. The parameters of the report are available here.

Our GRI Context Index includes a reference index for the 10 Principles of the UN Global Compact and the International Council on Mining and Metals (ICMM) Sustainable Development Principles.

Annually Barrick engages a third-party consultant to provide independent external assurance for Barrick’s Responsibility Report. The assurance process also includes an assessment of Barrick’s performance and progress on a range of Corporate Social Responsibility (CSR) issues. A statement of assurance is available here.

We voluntarily disclose historical performance data relating to our social, environmental and employee impacts, as well as information on significant incidents that occurred at our sites.

Taxes & Royalties

Barrick has mines in ten countries, and accordingly we are subject to various taxes, as determined under the tax laws of the countries in which we operate. The taxes we pay can be affected by a number of factors on an annual basis, varying rates, the non-recognition of tax assets, mining allowance, foreign currency exchange rate and changes in the tax laws.

Barrick is a member of the Extractive Industries Transparency Initiative (EITI) and publicly reports on the taxes and royalties we pay.

Taxes & Royalties

Conflict-Free Gold Report

Policy Statement on Conflict-Free Gold

Barrick is committed to ensuring that the gold we produce has been extracted in a manner that does not fuel unlawful armed conflict or contribute to serious human rights abuses or breaches of international law.

In 2013, Barrick adopted and implemented the World Gold Council’s Conflict-Free Gold Standard. All gold produced and dispatched by Barrick is in conformance with the criteria set out in the Standard and is considered ‘conflict-free’.

Barrick has produced a Conflict-Free Gold Report that describes our adherence to the Standard. This report and an independent letter of assurance confirming Barrick’s conformance to the Standard, published by global leader in assurance and certification  Bureau Veritas, can be found below.

Methodology for Preparing Conflict-Free Gold Report

Barrick has prepared its Conflict-Free Gold Report in accordance with the guidelines provided in the World Gold Council’s Guidance for Implementing Companies.

Barrick’s Corporate Social Responsibility team was responsible for assessing and demonstrating compliance with the Standard. For each assessment relevant under the Standard, documentation was collected in the form of an Evidence Pack. This package includes such applicable evidence as relevant sections of the past two Heidelberg Institute Conflict Barometer reports for our countries of operation; copies of applicable international sanctions databases; information on Barrick’s use of externally-sourced gold and our due-diligence procedures on this gold; and evidence on the transportation and control of gold from our mine sites. This information was shared in confidence with our assurance provider as supporting evidence to the content in the publicly available Conflict-Free Gold Report.

About the Conflict-Free Gold Standard

The Conflict-Free Gold Standard is designed to be implemented by World Gold Council member companies and other entities involved in the extraction of gold. It was developed after extensive consultation with industry, governments, civil society, and supply chain participants. Barrick was a key participant in the development of the Standard as part of the Responsible Gold Committee of the World Gold Council. The Standard provides a common approach by which gold producers can assess and provide assurance that their gold has been extracted in a manner that does not cause, support or benefit unlawful armed conflict or contribute to "serious human rights abuses" (as defined in the Standard) or breaches of international humanitarian law. Conformance with the Standard is externally assured by an independent third party.

The Standard, in conjunction with other existing business controls and practices, reflects the requirements of the OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas and the OECD Supplement on Gold. The Standard has also been designed to support refiners in their efforts to demonstrate a conflict-free supply of gold. Conformance to the Conflict-Free Gold Standard satisfies the due-diligence requirements of the London Bullion Market Association Responsible Gold Guidance.
Further information and documentation on the Conflict-Free Gold Standard is available on the website of the World Gold Council.

CDP Disclosure

Barrick participates 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. In 2015, Barrick was recognized as a carbon disclosure leader in an annual global survey of companies conducted by the CDP. Barrick earned the highest disclosure score in the Canadian materials sector, receiving 98 points out of a possible 100 for its detailed reporting on how the company manages carbon-related issues, such as governance, strategy, initiatives, and greenhouse gas emissions.

 

Economic Investments by Country

These reports demonstrate the substantial financial and social investments we make in the countries where we operate. The investments include hiring locally, purchasing local goods and services, community projects, and paying taxes.

 

Date Download Description
January 1, 2013 files/design/bodybg/reporting.jpg
Responsibility > Reporting
Gold  $ 1,248.59 +0.29 +0.02% Volume: March 1, 2017
ABX NYSE  $ 18.84 +0.26 +1.43% Volume: 15,006,091 March 1, 2017
ABX TSX  $ 25.16 +0.65 +2.65% Volume: 3,130,023 March 1, 2017
Gold  $ 1,248.59 +0.29 +0.02% Volume: March 1, 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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