Climate Change Data

Environmental Metrics

ESG Focus Areas

• Workplace ethics
• Environment, Health and Safety
• Third-party relationships
• Compliance
• Information and records
• Kinross assets
• Human Rights

Social Achievements

• Commitment to providing a work environment free from discrimination, harassment, and violence.

Governance Achievements

• Established a Code of Business Conduct and Ethics to promote honest and ethical conduct and compliance with applicable laws.

Climate Goals & Targets

Environmental Challenges

• Potential conflicts of interest
• Substance abuse
• Workplace violence
• Discrimination and harassment
• Environmental non-compliance
• Supplier non-compliance
• Corruption

Mitigation Strategies

• Disclosure requirements for conflicts of interest
• Prohibition of substance abuse
• Reporting procedures for discrimination, harassment, and violence
• Commitment to environmental compliance
• Supplier standards of conduct
• Compliance with anti-corruption laws
• Whistleblower policy

Supply Chain Management

Responsible Procurement

• Supplier Standards of Conduct

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Health & Safety
• Environment
• Community Relations
• Corporate Responsibility
• Sustainable Development

Environmental Achievements

• Reduced paper use by providing shareholders with access to its management information circular and 2015 Annual Report electronically.
• Maintained reserves at 34 million gold ounces with additions largely offsetting depletion over the year. Grew measured and indicated mineral resources by about 24%.

Social Achievements

• Delivered the best safety results in the Company’s history (TRIFR of 0.34).
• Implemented a number of operational improvements, including enhancing heap leach operations at Round Mountain.
• Implemented board and employee diversity policies; set a specific target for gender diversity of one-third women on the board.

Governance Achievements

• Reduced the number of directors from 12 to 9.
• Reduced severance payments on change of control to two times salary, bonus and benefits.
• Increased proportion of RPSUs and reduced options.
• Revised measures for short-term incentive plans.
• Increased alignment to total shareholder returns (TSR) in compensation plans.
• Adjusted target pay level and comparator group.
• Revised equity plans.
• Implemented a compensation recoupment (clawback) policy.

Climate Goals & Targets

Environmental Challenges

• Heavy rains in Chile and drought in Brazil.
• Falling gold prices.
• Operational challenges (Round Mountain mill fire; optimizing throughput and recoveries at Tasiast & Paracatu; power issues at Chirano and water issues at Paracatu; floods in Chile).

Mitigation Strategies

• Successfully dealt with operational challenges.
• Implemented a number of operational improvements.
• Acquired Bald Mountain and the remaining half of Round Mountain.
• Advanced development of the two-phased approach for the Tasiast mill expansion.
• Reduced headcount to achieve an expected 20% savings on overhead costs, including closing the Denver office.
• Reduced the labour force at Tasiast and made other changes to reduce Kinross’ cost of sales and all-in sustaining cost for 2016.
• Completed a pre-feasibility study which, along with exploration results, has demonstrated strong potential at La Coipa.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: IFRS

Environmental Metrics

ESG Focus Areas

• Safety
• Environment
• Community
• Employment
• Local Benefit
• Community Development
• Ethics
• Human Rights
• Engagement
• Climate Change
• Inclusion and Diversity
• Indigenous Peoples
• Responsible Procurement

Environmental Achievements

• Maintained a record of zero incidents at tailings facilities for the 28th consecutive year
• Returned the True North mine land to Alaska after successful reclamation
• Achieved all permitting targets
• Met or exceeded all site-level targets for water management and closure planning
• Russian operations received the top ranking from the World Wildlife Fund Russia’s environmental transparency rating of mining companies
• Recycled 74% of water consumed
• GHG emissions intensity was relatively even with 11.8 kilograms CO2e/tonne in 2020 compared to 11.9 kilograms CO2e/tonne in 2019

Social Achievements

• Provided approximately $3.4 billion in economic benefits through taxes, wages, procurement and community support
• Supported community programs that reached approximately 939,000 beneficiaries, a 49% increase over 2019
• Maintained high levels of in-country employment with 99% of our workforce and 87% of managers from within host countries
• Increased the percentage of women in senior management roles from 13.5% to 17%
• Launched a global women’s networking and mentoring program
• Committed to Canada’s BlackNorth Initiative and its anti-racism pledge
• Delivered unconscious bias training to corporate and site-based leaders
• Reduced lost-time injury frequency rate by more than 50% over 2019

Governance Achievements

• Achieved 100% completion for annual Core Policy Sign-Off for Director level and above, and employees in higher-risk functions
• Reported zero substantiated cases of public corruption or bribery
• Received Board approval on updates to the Code of Business Conduct and Ethics
• Launched a new conflict of interest training module
• Advanced our focused succession program, lowering average tenure to five years compared with 6.9 years in 2019
• Maintained 100% independent Board committees with all directors independent, except for the CEO
• Received highest ranking among Canadian mining companies in The Globe and Mail’s annual corporate governance review

Climate Goals & Targets

Environmental Challenges

• Ongoing impacts due to COVID-19
• Increased expectations for contributions to host countries
• Increased costs and potential delays in supply chain
• Transition to a low carbon economy
• Increased expectations for disclosure and performance against targets
• Mine site fatalities at Round Mountain and Chirano
• Community issues and grievances slightly above the five-year average
• One complaint regarding human rights found to be substantiated
• Trespassers at Paracatu
• Legal cases brought by Chilean authorities against the Maricunga mine for alleged damages to wetlands
• Diesel spill at Tasiast
• Illegal ASM activity around Tasiast mine
• Labor strike at Tasiast mine
• Water quality issues at Buckhorn mine
• Land compensation claims at Chirano mine
• Dust, noise and vibration complaints at Paracatu
• Lawsuits alleging arsenic contamination at Paracatu

Mitigation Strategies

• Provided more than $6 million towards local efforts to combat COVID-19
• Monitoring of country economic and political indicators; engagement with authorities and trade organizations
• Engagement with key global suppliers
• Developing net zero strategy
• Strong governance, well-developed policies, standards, and programs
• Company-wide “Safety Stand-Down”
• Advanced Critical Risk Management program
• Implemented fatigue management and employee wellness programs
• Active mechanisms for stakeholder engagement, community consultation and grievance resolution
• Shifted from in-person to remote engagement during COVID-19 pandemic
• Provided COVID-19 donations and grassroots support
• Comprehensive measures to protect people and assets at Paracatu
• Settlement discussions with authorities regarding Maricunga wetlands
• Clean-up of diesel spill at Tasiast
• Engagement with authorities and local communities regarding ASM at Tasiast
• Offered extra compensation and continued pay to Tasiast employees during pandemic
• Working diligently and cooperatively with authorities on implementing the approved closure plan for Buckhorn mine
• Resolved the bulk of land compensation claims at Chirano
• Extensive programs to manage dust, noise and vibration at Paracatu
• Independent research into human health risks at Paracatu

Supply Chain Management

Supplier Audits: 89% of 6,485 Tier 1 suppliers assessed

Responsible Procurement

• Supply Chain Due Diligence Process
• Local procurement strategy
• Awareness training on forced labour

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Regulatory changes
• Market shifts

Opportunities

• Development of energy-efficient products

Reporting Standards

Frameworks Used: GRI, SASB, TCFD, UNGC

Certifications: ISO 14001

Third-party Assurance: SomaHive, LLC (for select safety metrics)

UN Sustainable Development Goals

• SDG 3
• SDG 4
• SDG 5
• SDG 6
• SDG 7
• SDG 8
• SDG 12
• SDG 13
• SDG 15
• SDG 16

Contributions through business activities, community partnerships, and COVID-19 support.

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• CORESMIN Award for top safety performance in Atacama region, Chile
• Top ranked company in the World Wildlife Fund Russia’s rating of mining and metals companies
• Highest ranking among Canadian mining companies in The Globe and Mail’s annual corporate governance review
• Inclusion in the S&P Sustainability Yearbook 2021
• MSCI “A” level rating
• Ghana Mining Industry Sustainability and Social Investment SDG Leadership Award (Chirano mine)

Environmental Metrics

ESG Focus Areas

• Workforce and Communities
• Natural Capital
• Climate and Energy

Environmental Achievements

• Water intensity declined by 8% from 2021 to 0.414 m3/t in 2022
• Maintained a high rate of water recycle of 78%
• Energy intensity was down significantly from 2021 due to divestiture of our Russia operations
• GHG intensity rate (kg CO2e/tonne of ore processed) was 8.7, lower than 2021
• GHG intensity rate (kg CO2e/Au eq. oz.) was 740, lower than 2021
• Zero reportable/compliance incidents at all tailings facilities for the 30th consecutive year
• Reclaimed 40 ha of land in 2022
• Biological resource management plans were in place at all active mine locations

Social Achievements

• Achieved a record rate of 10.0 field safety engagements, meeting our new target for leading performance
• Achieved a record rate of 5.3 corrected hazards per employee
• Total Reportable Injury Frequency Rate (TRIFR) remained steady year-over-year at 0.34
• Highest percentage of women employees at Kinross in the past five years (13.3%)
• Highest percentage of women in management positions at 21%, including 33% of executives
• Received and resolved nine grievances across the Company
• Community and media positive feedback was at least nine times greater than total negative feedback

Governance Achievements

• Achieved greater than 90% completion of anti-corruption training among management
• Zero substantiated cases of public corruption
• Completed third-party assurance of Kinross’ compliance with the RGMPs verifying zero non-conformances at corporate and two sites
• Increased weighting for ESG in executive short-term incentive compensation plan from 20% to 25%

Climate Goals & Targets

Environmental Challenges

• Fatal accident at Tasiast site
• Increase in total turnover rate to 13.8% in 2022
• Two minor administrative Notices of Violation at operating mines in 2022
• Exceedances over the State’s mercury emission standard at Round Mountain
• Illegal small-scale mining (ASM) activity around Tasiast mine
• Legal cases related to arsenic contamination at Paracatu
• Legal cases related to water quality at Buckhorn
• Stakeholder concerns regarding ore haulage from Manh Choh to Fort Knox

Mitigation Strategies

• Launched Global Safety Learning Forum and Safety Excellence program
• Implemented comprehensive DEI program
• Strengthened tailings review program
• Made significant changes and modifications to the furnace and E/W Circuit at Round Mountain
• Continued engagement with authorities and local communities regarding ASM
• Continued monitoring of employee health and addressing lawsuits
• Working cooperatively with authorities on implementing the approved closure plan for Buckhorn
• Implemented robust stakeholder engagement program for Manh Choh ore transport

Supply Chain Management

Supplier Audits: 98% of global suppliers completed due diligence

Responsible Procurement

• Supplier due diligence
• Supplier Standards of Conduct
• Local procurement strategy

Climate-Related Risks & Opportunities

Physical Risks

• Water shortages
• Extreme heat
• Flooding
• Dam failure

Transition Risks

• Increased costs of fuel and energy
• Stricter regulatory requirements
• Increased pressure from shareholders

Opportunities

• Increasing operational efficiencies
• Integrating new clean energy technologies

Reporting Standards

Frameworks Used: GRI, SASB, TCFD, UNGC, RGMP

Certifications: ISO 14001, ISO 45001, International Cyanide Management Code

Third-party Assurance: KPMG LLP

UN Sustainable Development Goals

• SDG 3
• SDG 5
• SDG 6
• SDG 8
• SDG 13
• SDG 15

Kinross contributes to advancing the SDGs through its business activities

Awards & Recognition

• Highest ranked Canadian mining company in The Globe and Mail’s annual governance review
• Recognized as one of Greater Toronto’s Top Employers
• Recognized for environmental leadership by the Alaska Miners’ Association
• Received the Leadership in Concurrent Mine Reclamation Award