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Sustainability

SUSTAINABILITY

Our sustainability vision is to create long-term value for all our stakeholders. We live our visionby embedding environmental, social and economic considerations into all our business decisions.

Our Principles

Safety

We put safety first
Everyone at our mines, from a General Manager on a safety walk around, to employees exercising their Stop Unsafe Work Authority, is part of an organization-wide goal of continuous improvement towards a zero-harm workplace.

Business conduct

We conduct our business with integrity, transparency and fairness
Our Code of Business Conduct and Ethics applies to all staff and contractors. We have zero tolerance of bribery and corruption in all forms. We transparently report on our sustainability performance and impacts.

Partnerships

We build and maintain genuine partnerships
We constantly work to form and maintain mutually beneficial and sustainable partnerships with our core stakeholders including governments, local communities, shareholders and suppliers.

Local hiring and buying

We prioritize local hiring and buying
We build the skills and capacity of host country workers and vendors, to multiply our positive impact on local, regional and national economies.

Communities

We empower local communities
We invest in social and economic opportunities including education, water and healthcare and we form locally elected Community Development Committees to help host communities shape and deliver sustainable development on the ground.

Environmental

We reduce our environmental impacts
Every site is expected to minimize energy and water use, manage waste and land safely and be a responsible steward of its natural environment.

Closure

We plan for closure at all stages
We rehabilitate our mine sites as we go and we invest in economic and environmental projects that can be sustained beyond the life of a mine.

Our Targets In 2020

Zero
fatalities

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Decrease
Year-on-year decrease in LTIFR and TRIFR

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80%
of senior site management to be host country nationals

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CDCs
Establish CDCs at all operational mines by end of 2020

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BAPs
Develop BAPs for all sites by end of 2020

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ISO14001:2015
Certify all mines to ISO14001:2015 by the end of 2020

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ISO45001
Certify all operational mines to ISO45001 by end of 2021

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10%
At least 10% reduction on absolute scope 1 & 2 emissions. Commitment to continually review and update target as new technologies and projects are realised.

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75%
of water reused and recycled in 2020

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Our Esg Scorecard

We believe in transparently measuring and reporting our performance to the market and to our stakeholders. As part of this work, we have developed a sustainability scorecard to rate our ESG performance in 2019.

The scorecard includes key performance indicators aligned to priority areas set out in our strategy. We intend to rank ourselves in quintiles against our peers, where applicable, as well as against our own internal metrics and roll up our performance to an aggregate score. The assessment is based on publicly available information, which was sourced from both 2018 and 2019 data.

In some instances such as Community Development Committees, which are unique to Barrick, our assessment of performance also considers our performance against our own expectations. While we expect these indicators will evolve over time, we believe this is an important first step, and believe it will help to drive continual improvement in our management of sustainability issues.

Many of the metrics in the scorecard draw on information provided from every Barrick site, every month, as part of the monthly HSEC reporting process. These metrics also align with information publicly reported as part of the annual sustainability reporting process, or requested by our stakeholders. The scorecard’s methodology and findings are included in the 2019 Sustainability Report Appendix.

Based on the methodology Barrick received a B grade for 2019. This grade reflects an improvement in sustainability performance and progress against many of our key performance indicators. However, it also acknowledges that there is still work to be done, and our ambition is to achieve an A grade.

The scorecard and our grade will be updated annually, and is intended to drive continual improvement. Our results on the scorecard have been integrated into the bonus structure for all employees.

Aspect Indicator Reason for indicator 2019 performance Quintile
Safety

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Total Recordable Injury Frequency Rate Progress towards zero harm. A fatality or fatalities would mean no score for this metric. 2.24 2
Percentage of sites certified to ISO 450011 Demonstrate robust management of safety performance. 23% (3/13 operations) 3
Social & Economic Development

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Percentage of sites with Community Development Committees (CDCs)2 Interim metric to measure creating authentic partnerships with communities. 35% (6/17 operations) 3
Percentage of workforce that are nationals Localization of workforce as a measure of creating jobs and ensuring benefits stay in country. 97% 2
Percentage of senior management that are nationals Localization of senior management encourages meaningful local talent development and delivers further benefits to the host country. 76% 2
Percentage of economic value that stays in country Metric to measure how we are creating value in the countries where we operate – not extracting it. 79% 2
Human Rights

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Percentage of security personnel receiving training on human rights Metric to demonstrate seriousness with which we take human rights risks. 76% 2
Corporate human rights benchmark score3 Provides external benchmark and verification of management of human rights compared to peers. 56.9 4
Environment

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Number of significant environmental incidents Number of significant incidents as a measure of how well our environmental management systems operate. 0 1
Tonne CO2-e per tonne of ore processed2 Emissions intensity per tonne of ore processed is used to normalize and compare total emissions. 0.044 CO2-e per tonne of ore processed 3
Emissions reduction target set An absolute emissions target set in an effort to reduce emissions and measure effectiveness of emissions reduction strategies. Target set 1
Water use efficiency (recycled & reused) Water recycling and reuse rate as a measure of how responsibly we use water. 73% 3
Percentage of sites with Biodiversity Action Plans (BAPs)2 Operations with BAPs in place as a measure of our work on biodiversity. 54% (7/13) 3
Independent tailings reviews conducted2 As a metric to demonstrate responsible tailings management practices. 3 1
Percentage of sites certified to ISO 14001 Demonstrate robust management of environment performance. 76% (13/17) 2
Governance

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Progress against RGMP implementation2 Progress on implementing RGMPs as a metric to show alignment with industry best practice. N/A N/A
Percentage of employees receiving Code of Conduct training2 Percentage of employees receiving Code of Conduct Training each year. 92% global average 1
Percentage of supply partners trained on Code of Conduct onboarding2 Percentage of supply partners receiving Supplier Code of Conduct on-boarding. 100% 1
Overall Score B
  1. This metric is based on 13 operational mines. Those sites in closure, or in care and maintenance will not be certified to ISO 45001.
  2. Internal metrics.
  3. In comparison to the 56 extractive companies assessed against the CHRB’s methodology, Barrick is ranked in the top 20% in the industry.