Governance and Ethics
Our Code of Conduct (Code) publicly sets out the high standards of conduct expected of all of our employees, officers and directors, and by our partners, vendors and contractors when they are working with us or on our behalf.
Our Code, which has been adopted by Newmont Goldcorp’s Board of Directors, sets out Newmont Goldcorp’s basic standards for ethical and legal behavior. Newmont Goldcorp is a founding member of the Partnering Against Corruption Initiative and maintains a strict Business Integrity Policy and a number of standards designed to prevent corruption to which Newmont Goldcorp employees must adhere. Employees play a critical role in demonstrating and communicating Newmont Goldcorp’s commitment to integrity and doing business the responsible way everywhere we operate.
Our Code is an educational and preventative tool designed to ensure Newmont Goldcorp’s employees follow the law, as well as our policies and standards, which in some cases are more stringent than the law requires.
When employees behave in ways that do not adhere to our values and standards, the Company wants to know about it. Newmont Goldcorp has an independently operated, 24-hour hotline, called the Ethics Solutions Tool, which is available for all stakeholders to report unsafe and unethical behavior. You can make a report directly through the Ethics Solutions Tool website, or you can make a report by phone. Your identity will be protected by the independent agency that operates our Ethics Solution Tool.
Policies and Standards communicate the philosophy, rules and expectations of an organization.
As an important part of Newmont Goldcorp’s internal governance process, new or revised Global Policies and Standards are reviewed and preliminarily approved by a Global Policies & Standards Committee. Following this preliminary approval, the documents are posted for comment by employees for a minimum of 14 days, after which they are finally approved by the Global Policies & Standards Committee. Policies are then submitted for further approval by Newmont Goldcorp’s Executive Leadership Team and Board of Directors.
The scope of the Social and Environmental Standards is global, and they apply to all directors, officers and employees of Newmont Goldcorp Corporation, its subsidiaries, and any other entities that it controls. A variance request process for existing or future conditions is in place for S&ER standards. The process provides an alternative mechanism for those instances where a Newmont Goldcorp site/operation cannot logistically or feasibly conform to a requirement established in a Standard due to special conditions or unique hardships.
Biodiversity Management Standard
Closure and Reclamation Management Standard
Community Investment and Development Standard
Cultural Resource Management Standard
Hazardous Materials Management Standard
Human Rights Standard
Indigenous Peoples Standard
Land Acquisition and Involuntary Resettlement Standard
Local Procurement and Employment Standard
Social Baseline and Impact Assessment Standard
Stakeholder Relationship Management Standard
Tailing and Heap Leach Facility Management Standard
Waste Management Standard
Waste Rock and Ore Stockpile Management Standard
Water Management Standard
Newmont Goldcorp’s Board of Directors has established governance guidelines and committees to manage and assist in carrying out many of its responsibilities.
Committee charters define the role and responsibility of the committee within the governance framework of the Company. Each member of the Audit Committee, the Leadership Development and Compensation Committee, the Corporate Governance and Nominating Committee and the Safety and Sustainability Committee meets the independence requirements established by the New York Stock Exchange. Our high standards are reflected in our Code of Conduct.
Corporate Governance Guidelines
Audit Committee Charter
Leadership Development and Compensation Committee Charter
Corporate Governance and Nominating Committee Charter
Safety and Sustainability Committee Charter
Code of Ethics for Senior Financial Officers
At Newmont Goldcorp, we believe that engagement in public policy is a valuable way to have a positive impact on our communities and to advance the goals of the Company. For more information on how we participate in the public policy process, including information on our political contributions, involvement with trade associations, and links to our disclosure reports, please see below.
2018 Political Contributions
2017 Political Contributions
2016 Political Contributions
2015 Political Contributions
2014 Political Contributions
2013 Political Contributions
2012 Political Contributions
2018 U.S. Trade Associations
2017 U.S. Trade Associations
Newmont Goldcorp Supplier Code of Conduct
Our Supplier Code of Conduct (this “Supplier Code”) publicly sets out the minimum standards of conduct expected from all Suppliers wishing to do business with, or on behalf of, Newmont Goldcorp. This Supplier Code should be read in conjunction with Newmont Goldcorp’s Code of Conduct, which applies to all of our employees, officers and directors, and to our partners and Suppliers when they are working with us or on our behalf.
We define ‘Suppliers’ as a business or individual that provides goods or services to Newmont Goldcorp under terms specified in a contract.
We seek to build mutually beneficial working relationships and partnerships with our Suppliers and will show preference for those Suppliers who are able to demonstrate alignment with the standards contained in this Supplier Code.
Suppliers shall comply with their contract terms and the laws, rules and regulations of the jurisdictions where they do business with, or on behalf of, Newmont Goldcorp. These include, but are not limited to, labor and tax laws, laws addressing bribery and corruption, and laws addressing the preservation of health, safety and the environment.
Suppliers, and all sub-contractors working on their behalf, are expected to review and fully understand the content of this Supplier Code and to comply with all provisions specified in their contracts including provisions, which relate to the content of this Supplier Code.
2. Business integrity and ethics
Our Supplier contract provisions are consistent with the requirements of the World Economic Forum’s Partnering Against Corruption Initiative (PACI), of which Newmont Goldcorp is a founding member, the U.S. Foreign Corrupt Practices Act and the UK Anti-Bribery Act. These prohibit the provision or offering of anything of value to government officials, representatives, political parties or third parties for the purpose of influencing any act or decision in violation of the recipient’s lawful duty or securing or attempting to secure an improper legal or commercial advantage. They also require the operation of effective controls and the maintenance of accurate books and records.
As outlined in Newmont Goldcorp’s Code of Conduct and contract provisions, we also require that Suppliers: avoid conflicts of interest, maintain confidentiality, respect Newmont Goldcorp’s intellectual property rights, and keep truthful and accurate records (which may be required for auditing purposes).
Newmont Goldcorp’s Ethics Solutions Tool allows for comprehensive and confidential reporting to address fraud, abuse and other misconduct in the workplace, while cultivating a positive work environment.
3. Environmental management
Newmont Goldcorp seeks to avoid, minimize, mitigate, and/or remediate negative impacts on the environment and proactively manage risks. As detailed in our Supplier contracts, Suppliers shall conduct activities in an environmentally responsible manner, including meeting all legal requirements for water and air emissions, pollution controls, chemical and waste management. Our Supplier contracts require that Suppliers conduct activities at Newmont Goldcorp operations and sites in accordance with applicable Newmont Goldcorp Environmental Standards.
4. Health & Safety
The well-being of people is Newmont Goldcorp’s top priority, and the right to life and right to healthy and safe working conditions are among our most salient human rights. Our goal is zero harm – defined as a workplace free from injuries and illnesses and measured by zero fatalities. Our Supplier contracts require that Suppliers comply with all applicable Newmont Goldcorp site and workplace policies, standards and procedures related to health and safety. Newmont Goldcorp may provide job hazard analysis training to Supplier’s personnel.
5. Human Rights & Labor
Newmont Goldcorp is committed to implementing the human rights and labor principles of the United Nations Global Compact through its operations and supply chain. Accordingly, we require our suppliers to respect internationally proclaimed human rights and make sure that they are not complicit in human rights abuses; respect the labor rights of their employees, including freedom of association and the right to collective bargaining; prohibit all forms of forced and compulsory labor; not engage in child labor; and not discriminate in employment and occupation. These fundamental human rights are to be respected both within their own and within their affiliates’ operations and supply chains.
Our Supplier contracts include human rights clauses around: respecting human rights consistent with the Universal Declaration of Human Rights, disclosure of human rights violations, and alerting Newmont Goldcorp to any human rights issues Suppliers become aware of within their own or their affiliates operations or the operations of their own or their affiliates’ supply chains.
Suppliers are expected to ensure timely payments of salary and benefits to any employees, sub-contractors and sub-suppliers. Suppliers should limit hours of work (including overtime) to provide for adequate rest periods for workers in line with international standards. Workers should be allowed to resign with no penalty after a reasonable notice period. Suppliers should seek to address any complaints or grievances within their supply chain expeditiously (and within a maximum of 30 days).
6. Social Responsibility
Newmont Goldcorp seeks to obtain and maintain broad social acceptance before, during, and beyond the life of a mine. We commit to establishing and maintaining relationships based on inclusion, transparency, and integrity with all stakeholders, particularly those potentially affected by our activities. We expect the same commitment from our Suppliers.
We expect our Suppliers to assess the potential impact of their proposed work on neighboring communities, integrate mitigation measures into their work plans, and ensuring that those measures are appropriately budgeted. We also expect Suppliers to close complaints in a timely manner.
We also expect our Suppliers to identify opportunities that incorporate local procurement and employment and, to the extent involving work conducted for or on behalf of Newmont Goldcorp, to coordinate engagement with local stakeholders through Newmont Goldcorp’s site-level Social Responsibility function.
7. Additional Resources
Newmont Goldcorp Policies and Standards:
- Code of Conduct: sets out Newmont Goldcorp’s basic standards for ethical and legal behavior
- Business Integrity Policy: requires all those engaged in activities on Newmont Goldcorp’s behalf to work honestly and in the best interests of the Company, to avoid corruption and bribery of any kind, and to ensure compliance with various relevant legal requirements. It also requires those involved in reporting information about Newmont Goldcorp to do so appropriately and in a timely and accurate manner.
- Health and Safety Policy: reflects Newmont Goldcorp’s commitment to protect the health and safety of its employees, contractors and visitors.
- People Policy: reflects Newmont Goldcorp’s commitment to employees and to those with whom we work.
- Sustainability and Stakeholder Engagement Policy: addresses the key social and environmental risks that the business faces and outlines Newmont Goldcorp’s commitments in these areas.
- Anti-Corruption Standard
- Standard of Conduct and Non-discriminatory Treatment in Employment
- Employment Standard
- Labor Relations Standard
- Stakeholder Relationship Management Standard: sets the minimum requirements to engage with stakeholders, including the expectation to establish a complaints and grievance mechanism
- Local Procurement and Employment Standard: sets the minimum requirements to ensure that programs are in place to identify and provide employment and business opportunities that can deliver sustainable mutual benefits to local stakeholders and Newmont Goldcorp.
- Human Rights Standard: defines the minimum requirements to identify, prevent, mitigate, track and report on how we address risks to human rights associated with our operations.
- UN Global Compact: The 10 Principles of the United Nations Global Compact, addressing Human Rights, Labor, Environment and Anti-Corruption, promote responsible corporate citizenship and a collaborative approach to forging a more sustainable and inclusive global economy.
- Partnering Against Corruption Initiative (PACI): prohibits corruption and demands appropriate and lawful means of engaging with government officials, partners and other stakeholders.
- UK Anti-Bribery Act: details both general offences in relation to bribing another person or being bribed and a specific offence relating to bribing foreign public officials, and introduces a specific corporate offence of failing to prevent bribery.
- U.S. Foreign Corrupt Practices Act: makes it unlawful for certain classes of persons and entities to make payments to foreign government officials to assist in obtaining or retaining business.