Barrick Gold Corporation has published its 2020 “Communication on Progress” report for the United Nations Global Compact (UNGC), setting out the advances it has made towards the UNGC’s Ten Principles on human rights, labour, the environment and anti-corruption.
Introducing the report, Barrick president and chief executive Mark Bristow says the company has been a signatory to the Compact since 2005 and the principles, which are in line with Barrick’s sustainability strategy, have been incorporated in the management of all its operations.
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The report, which is the first Global Compact Advanced-level Communication on Progress, details the key actions taken by Barrick in 2020, which included updating its climate change strategy and setting a new greenhouse gas emissions reduction target of 30% by 2030. Water reporting has been aligned with the standards of the International Council on Mining and Metals (ICMM) Water Accounting Framework. Biodiversity action plans for all operational sites are set to be in place by the end of this year and all these sites have now been certified to the ISO 14001:2015 standard.
Barrick has also updated its human rights policies and training, and introduced new management standards aligned with the Voluntary Principles of the Plenary Committee. Community development committees, representing local stakeholders, have been established at all operational sites to select investment projects, in line with the company’s partnership philosophy.