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Sustainability Strategy

Sustainability strategy

Our sustainability strategy is our overall business plan.

Sustainability strategy

Our approach to holistic and integrated sustainability management is codified in our Sustainable Development Policy. This policy sets out the steps we take to deliver against the strategy, and commits us to support the socio-economic development of our host countries and communities. Although our sustainability approach is holistic and integrated, it is broadly built on four interdependent pillars:

  • Creating economic benefits - We are guests of the local communities and host countries in which we operate. To maintain a social license to operate, it is critical that we share the benefits of their resources with our in-country partners.
  • Protecting health & safety - We must work hard every day to keep our people and the communities around our operations safe and healthy with robust safety management.
  • Respecting human rights - We acknowledge our responsibility, and the opportunity to contribute to realizing human rights for people around the world and in the diverse communities in which we op-erate.
  • Managing our environmental impacts - We have a responsibility to avoid, manage, mitigate and rehabilitate negative environmental impact from our business to the lowest practical levels. We will strive to protect the planet for future generations wherever we can.

We also have seven sustainability principles that translate our goals and strategy into practicable on-the-ground steps all Barrick employees and contractors can take to deliver our vision.

Our principles are:

  • We put safety first
  • We conduct our business with integrity, transparency and fairness
  • We empower local communities
  • We build and maintain genuine partnerships
  • We prioritize local hiring and buying
  • We reduce our environmental impacts
  • We plan for closure at all stages