Climate Change Data

Barrick Gold Corporation

Climate Impact & Sustainability Data (2011, 2017-06 to 2018-08, 2020, 2021, 2023)

Reporting Period: 2011

Environmental Metrics

ESG Focus Areas

  • CSR practices
  • Community Relations

Social Achievements

  • First Canadian mining company to join the Voluntary Principles on Security & Human Rights
  • Implementing new Community Relations Management System
  • CSR Advisory Board in development
  • New independent director with relevant expertise

Climate Goals & Targets

Environmental Challenges

  • Resource nationalism
  • Development project constraints
  • Higher input costs
  • Water shortages
  • Growing legislation/regulation
  • Environmental/Climate Change regulation and impacts
  • Competition for access to new resources
Mitigation Strategies
  • Large, well capitalized companies with global capabilities

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Period: 2017-06 to 2018-08

Environmental Metrics

ESG Focus Areas

  • Human Rights
  • Environmental
  • Social
  • Governance

Social Achievements

  • Olgeta Meri Igat Raits Program (All Women Have Rights) and Porgera Remedy Framework to address sexual assault of women by mine security forces. Provided individual remedies (cash compensation and services) to 119 victims.

Governance Achievements

  • Established an Operational Grievance Mechanism (OGM) to receive and resolve work-related and community grievances.

Climate Goals & Targets

Long-term Goals:
  • Support the creation of a National Human Rights Institution (NHRI) or the extension of the Human Rights Ombudsman mandate.
  • Address gender-specific impacts by March 2019 and produce a gender report by December 2020.
  • Redesign community engagement and investment and strengthen human rights capacity at the mine by August 2019.
Medium-term Goals:
  • Build the capacity of victims’ representative organizations by August 2019.
  • Address barriers to existing remedy pathways by March 2019.
  • Expand the mandate for the mine’s independent observer by July 2019.
Short-term Goals:
  • Reform the Operational Grievance Mechanism (OGM) by November 2019.
  • Enter into a dialogue with the 119 women who underwent the Porgera Remedy Framework by May 2019.
  • Establish a free Victim Advocates' Office by January 2019.

Environmental Challenges

  • More than 940 claims of human rights harms (including environmental pollution, health damage, workplace injuries, sexual assaults, forced evictions, and unlawful killings).
  • Complex human rights situation in Porgera with a backlog of cases.
  • Barriers to accessing remedy mechanisms (state-administered justice systems lacking capacity, inaccessibility due to cost, literacy, and transportation; most non-state mechanisms non-binding).
  • Distinguishing legitimate claims from false ones.
  • Challenges specific to Porgera (position of women, poverty, illiteracy, clan alliances, lessons from the Porgera Remedy Framework).
  • Tensions with the community over compensation amounts and the process for assessing claims and delivering remedies.
  • Discrepancy in compensation amounts between victims who participated in the Porgera Remedy Framework and those who reached a separate settlement with EarthRights International.
  • Concerns that some victims missed out on receiving remedy.
  • Cash payments being taken by male relatives or misspent.
  • Legal waivers required to receive remedy packages.
  • Claims of false claims lodged ('traim tasol' culture).
Mitigation Strategies
  • Commissioned BSR to provide recommendations for improving access to remedy.
  • Implemented the Olgeta Meri Igat Raits Program and Porgera Remedy Framework.
  • Recommendations for reforming the OGM, strengthening the remedy ecosystem, and preventing future violations.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: UN Guiding Principles on Business and Human Rights (UNGPs), UN Basic Principles and Guidelines on the Right to a Remedy and Reparation for Victims

Reporting Period: 2020

Environmental Metrics

Total Carbon Emissions:7,351,461 tCO2e/year
Scope 1 Emissions:6,043,861 tCO2e/year
Scope 2 Emissions:1,307,599 tCO2e/year
Renewable Energy Share:2%
Total Energy Consumption:82,429,903 GJ/year
Water Consumption:173,431 ML/year
Waste Generated:505,424 tons/year (tailings)
Carbon Intensity:0.045 tCO2e/tonne of ore processed

ESG Focus Areas

  • Creating economic benefits
  • Protecting health & safety
  • Respecting human rights
  • Minimizing environmental impacts

Environmental Achievements

  • Zero ‘Class 1’ environmental incidents for the third consecutive year
  • 38% reduction in medium level ‘Class 2’ incidents
  • Surpassed target to reuse and/or recycle at least 75% of water (79% achieved)
  • Updated emissions reduction target to 30% by 2030 against a 2018 baseline
  • Nearly all sites certified to ISO 14001:2015

Social Achievements

  • Established inclusive and locally led CDCs at all operational sites
  • Over $26 million in community investment
  • 97% of workforce were host country nationals
  • Spent over $4 billion on goods and services from local businesses
  • More than $30 million in Covid-19 support provided to host countries and communities

Governance Achievements

  • 8 independent tailings reviews conducted across 6 operational mines and 2 closure sites
  • Rolled out self-assessments covering all 10 principles of RGMP+ to all operational sites
  • Sustainability performance accounted for 25% of long term incentive awards for senior leaders

Climate Goals & Targets

Long-term Goals:
  • Achieve net zero emissions by 2050
Medium-term Goals:
  • Reduce Scope 1 and 2 emissions by at least 30% by 2030 from 2018 baseline
  • Develop and implement Scope 3 emissions target
Short-term Goals:
  • Achieve ISO 45001 certification at all operational sites by end of 2021
  • Complete self-assessments and implement corrective action plans for RGMP+

Environmental Challenges

  • Covid-19 pandemic
  • Legacy sustainability issues at closed or legacy mines
  • Fatality at Kibali site
  • Addressing legacy grievances at North Mara and Porgera
  • Allegations of water pollution and poor waste management at North Mara
  • Allegations of violent conflict, sexual assaults and human rights violations at North Mara
  • Environmental concerns and legal challenges at Pascua-Lama project
  • Artisanal and small-scale mining (ASM) activity near several sites
Mitigation Strategies
  • Over $30 million Covid-19 support package
  • Re-treating tailings at Golden Sunlight, transitioning leach facilities at Veladero, funding for Paiam hospital
  • In-depth investigation into fatality and corrective action plan
  • Establishment of CDCs at North Mara and Pueblo Viejo, grievance resolution efforts
  • Groundwater studies, structural analysis, water volume reduction at North Mara TSF
  • Addressing historic grievances, replacing international security provider with local company at North Mara
  • Transitioning Pascua-Lama to closure, reevaluating project potential
  • Partnership with communities, governments, and NGOs to address ASM

Supply Chain Management

Responsible Procurement
  • Supplier Code of Ethics
  • Risk-based anti-corruption due diligence
  • Capacity building programs for local suppliers
  • Prioritization of local and host country suppliers

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events
  • Water scarcity
  • Drought
Transition Risks
  • Increased carbon taxes
  • Changes in energy prices
  • Increased regulation
Opportunities
  • Renewable energy projects
  • Energy efficiency improvements
  • Lower emission vehicles

Reporting Standards

Frameworks Used: GRI Standards: Core option, SASB reporting requirements for metals and mining (partially)

Certifications: ISO 14001:2015 (nearly all sites), ISO 45001 (some sites)

Third-party Assurance: Apex Companies LLC

UN Sustainable Development Goals

  • SDG 1 (No Poverty)
  • SDG 3 (Good Health and Well-being)
  • SDG 5 (Gender Equality)
  • SDG 6 (Clean Water and Sanitation)
  • SDG 13 (Climate Action)

Various initiatives contributing to these goals, as detailed in the report.

Awards & Recognition

  • Sentinels of Safety Award (NGM Cortez underground)
  • Nevada Mining Association’s Safety Awards (several NGM operations)
  • Special recognition from Panorama Miners (Veladero)
  • First runner up for CSR projects (North Mara)
  • Best partner with government in Tanzania (Barrick, through Twiga Minerals)
  • Gold Seal Igualando RD (Pueblo Viejo)
  • Best Sustainable Mining Strategy in Africa award (Barrick)

Reporting Period: 2021

Environmental Metrics

Water Consumption:171,892 ML withdrawal, 81,346 ML discharge, 85,285 ML consumed (2021)

ESG Focus Areas

  • Human Rights
  • Labour Standards
  • Environment
  • Anti-Corruption

Environmental Achievements

  • Updated emissions reduction roadmap to meet a 30% emissions reduction target by 2030 and net-zero emissions by 2050.
  • Developed a new biodiversity standard and all operational sites developed Biodiversity Action Plans (BAPs).

Social Achievements

  • Published first post-merger standalone Human Rights Report.
  • Revised human rights training program and updated human rights-related standards.

Governance Achievements

  • Implemented an Anti-Corruption, Business Integrity and Ethics program including training, risk assessments, and supply chain protection.

Climate Goals & Targets

Long-term Goals:
  • Net-zero GHG emissions by 2050
Medium-term Goals:
  • 30% emissions reduction by 2030

Environmental Challenges

  • Climate change impacts on operations (shifts in temperature, precipitation, severe weather events).
  • Managing water resources effectively across diverse geographies.
Mitigation Strategies
  • Updated Climate Change Strategy to build climate resilience, switch to cleaner energy, and improve climate change disclosures.
  • Developed a new standalone Water Policy to minimize water use, maximize efficiency, and engage with stakeholders.

Supply Chain Management

Responsible Procurement
  • Supplier Code of Ethics

Climate-Related Risks & Opportunities

Physical Risks
  • Shifts in temperature, precipitation, and more frequent severe weather events

Reporting Standards

Frameworks Used: GRI Sustainability Reporting Guidelines, ICMM’s Sustainable Development Principles, SASB, TCFD

Third-party Assurance: Apex Companies LLC

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:6,357 kt CO2e (Scope 1 and 2, market-based)

ESG Focus Areas

  • Safety
  • Community Relations
  • Environmental Performance
  • Human Rights
  • Anti-Corruption
  • Climate Resilience
  • Water Stewardship
  • Biodiversity Conservation
  • Waste Management

Environmental Achievements

  • Reduced Scope 1 and 2 greenhouse gas emissions by 5% year-on-year and 15% against the 2018 baseline.
  • Increased overall water reuse and recovery rate to 84%.
  • Zero major environmental incidents.

Social Achievements

  • Decreased malaria incidence around operations by 33% since 2019.
  • 97% of workforce are host country nationals.
  • Invested over $43.2 million in community development projects.
  • Improved safety frequency rates to all-time lows (LTIFR 0.23, TRIFR 1.14), despite recording five fatalities.

Governance Achievements

  • Published Scope 3 emissions targets.
  • Published a comprehensive Sustainability Report with an objective performance scorecard.
  • Received an A grade in the 2023 Sustainability Scorecard.

Climate Goals & Targets

Long-term Goals:
  • Net zero emissions by 2050.
Medium-term Goals:
  • Reduce emissions by 30% by 2030 against 2018 baseline.
  • Achieve 30% female Board composition.
Short-term Goals:
  • Reduce water consumption by 80%.

Environmental Challenges

  • Operational issues at Nevada Gold Mines and Kibali.
  • Commissioning setbacks at Pueblo Viejo's plant expansion impacting production.
  • Five fatalities across the group in 2023.
  • Escalating input costs (energy, labor).
  • Lower production increasing costs per ounce production.
Mitigation Strategies
  • Focused on addressing challenges, progressing long-term strategic plans.
  • Achieved steady quarter-on-quarter improvement.
  • Full investigations into fatalities to understand causes and implement corrective actions.
  • Investment in a common system platform for real-time data analytics to mitigate cost pressures.
  • Moderation in energy price pressures in 2023.

Supply Chain Management

Responsible Procurement
  • Code of Conduct
  • Supplier sustainability requirements

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events
Transition Risks
  • Regulatory changes
  • Market shifts
Opportunities
  • Development of energy-efficient products
  • Investment in renewable energy

Reporting Standards

Frameworks Used: GRI Universal Standards, GRI Mining and Metals Standards, ICMM Mining Principles, WGC Responsible Gold Mining Principles, TCFD

Certifications: ISO 14001:2015, ISO 45001