Barrick Reports Significant Advances To United Nations Global Compact

TORONTO - Barrick Gold Corporation 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, labor, the environment and anti-corruption.

President and Chief Executive, Mark Bristow, said, “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. 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. These actions and how they support the UN Sustainable Development Goals are further described in our 2020 Sustainability Report.”