HomeCentral AfricaBarrick maintains its spot in DJSI’s World Index for 14th Consecutive Year

Barrick maintains its spot in DJSI’s World Index for 14th Consecutive Year

Barrick Gold Corporation has been listed in the Dow Jones Sustainability Index’s (DJSI) World Index for the 14th consecutive year, ranking in the 95th percentile for mining and metals.

The DJSI World Index represents the top 10% leaders in environmental, social and governance (ESG) performance through the Corporate Sustainability Assessment (CSA) of the largest 2,500 companies in the S&P Global Broad Market Index. The DJSI is the longest-running global sustainability benchmark worldwide and has become a key reference point for sustainability investment.

This year, Barrick demonstrated industry leading performance by scoring full marks (100th percentile) in the categories of environmental reporting, social reporting, materiality and water risk management. It also ranked within the top 5% for environmental policy and management systems, biodiversity, mineral waste management, closure and social impact on communities, while substantially improving its scores in occupational health and safety, human capital development and climate strategy.

President and chief executive Mark Bristow says the company’s continued inclusion in the DJSI is a tribute to Barrick’s strong commitment to sustainability and the integration of ESG throughout the business.

“It is encouraging to note the increase in our climate strategy ranking, off the back of our updated climate strategy and greenhouse gas emissions reduction roadmap, while leading scores in the categories of community development and biodiversity underscore our belief that our ability to operate successfully is dependent on delivering long-term value for all our stakeholders and proactively managing our impacts on the wider environment,” he said.

“Barrick’s philosophy of sharing the benefits its operations create is applied at a local level through the establishment of fully functional Community Development Committees at each of our sites. In these forums, community leaders and management engage productively to identify appropriate upliftment projects for investment, and then oversee their development. This is partnership in action, at ground level, and it is doing much to strengthen our relationships with our host communities and countries.”

Bristow said that despite Barrick’s sustained and improved performance in most of the DJSI categories, there was more work to be done. The company would not rest on its laurels and it remained a key focus for the group to further enhance its ESG credentials.

On 1 January 2019 a new Barrick was born out of the merger between Barrick Gold Corporation and Randgold Resources. Shares in the new company trade on the NYSE (GOLD) and the TSX (ABX). The merger has created a sector-leading gold company which owns five of the industry’s Top 10 Tier One gold assets (Cortez and Goldstrike in Nevada, USA (100%); Kibali in DRC (45%); Loulo-Gounkoto in Mali (80%); and Pueblo Viejo in Dominican Republic (60%)) and two with the potential to become Tier One gold assets (Goldrush/Fourmile (100%) and Turquoise Ridge (75%), both in the USA). With mining operations and projects in 15 countries, including Argentina, Australia, Canada, Chile, Côte d’Ivoire, DRC, Dominican Republic, Mali, Papua New Guinea, Peru, Saudi Arabia, Senegal, USA, and Zambia, Barrick has the lowest total cash cost position among its senior gold peers and a diversified asset portfolio positioned for growth in many of the world’s most prolific gold districts.