Environmental and social practices in the mining industry have undergone a tremendous evolution over the past two decades, especially in the gold mining sector. The expectations of society have expanded as a burgeoning world population drives the increased demand for natural resources.
Current mining practices and the rigorous controls we use to manage environmental and social risks are often unknown or misunderstood outside our industry. At the same time, our stakeholders have become more informed, and they demand, rightfully so, that we deliver a high level of environmental and social performance along with a demonstrated ability to effectively manage risk.
Newmont Goldcorp participates in several global initiatives and codes of practice that establish standards and ground rules for strong environmental, social and ethical performance across the mining industry. Most of these initiatives and codes of practice have been developed with input from many stakeholder groups, including some of our harshest critics. Participation in these external initiatives improves our transparency, builds credibility with external stakeholders and positions Newmont Goldcorp as an industry leader.
Newmont Goldcorp was the first gold company selected to join the Dow Jones Sustainability World Index and has been included every year since 2007. The DJSI World Index tracks the leading 10 percent of companies, in terms of sustainability, out of the largest 2,500 companies worldwide. Newmont Goldcorp’s participation in the initiatives mentioned below makes a positive evaluation by the DJSI possible. Companies are evaluated and selected every year through a systematic corporate sustainability assessment that identifies leaders based on a variety of criteria including climate change strategies, energy consumption, human resources development, knowledge management, stakeholder relations and corporate governance.
These initiatives and activities complement our internal standards and guidelines in environmental and social responsibility. They also provide an opportunity for Newmont Goldcorp to verify and report on our performance.
Some of the initiatives guiding our environmental and social performance are described below:
Our Memberships and Commitments
In 2016, Newmont Goldcorp’s President and Chief Executive Officer, Gary Goldberg, signed the World Economic Forum’s (WEF) Compact for Responsive and Responsible Leadership on behalf of the Company.
The Compact is sponsored by the International Business Council of the WEF and commits signatory businesses and their boards of directors to creating a corporate governance framework with a focus on the long-term sustainability of corporations and the long-term goals of society.
To view the signed compact Click Here
United Nations Global Compact (UNGC)
Newmont Goldcorp is a participant in the United Nations Global Compact, which seeks to promote responsible corporate citizenship so that business can be part of the solution to globalization’s challenges. In this way, the private sector – in partnership with other social actors – can help realize a more sustainable and inclusive global economy. Participants must regularly report their progress on implementing the 10 Global Compact Principles. Newmont Goldcorp does this through its annual sustainability report Beyond the Mine.
Newmont Goldcorp participates in the VPSHR as part of a global effort to promote the protection of human rights. The principles are designed to guide companies in maintaining the safety and security of their operations within a framework that ensures respect for human rights and fundamental freedoms. Participants include the governments of the United States, the United Kingdom, Norway and the Netherlands, along with companies operating in the extractive and energy sectors and non-governmental organizations. As a formal participant, Newmont Goldcorp provides annual reports of its efforts to implement and promote the principles in the regions where we operate. www.voluntaryprinciples.org
The ISO 14001 standard requires a company to have an environmental management system in place that identifies and controls the environmental impacts of its activities, provides the opportunity to continually improve its environmental performance, and implements a systematic approach to setting and achieving environmental objectives. The environmental management systems at all of Newmont Goldcorp’s operations are certified against the ISO 14001. www.iso.org
Newmont Goldcorp has participated in this voluntary annual disclosure since 2007 and was recognized on CDP’s Carbon Disclosure Leadership Index in 2008, 2010, 2011 and 2012. The CDP is an independent not-for-profit organization that acts as an intermediary between shareholders and corporations on all climate change related issues, providing primary climate change data from the world’s largest corporations to the global marketplace. In 2012, CDP had more than 655 institutional investors representing more than US$78 trillion in assets.
In 2005, Newmont Goldcorp became one of the first signatories of the Code, which aims to improve the safe transport, storage and use of cyanide to protect human health and reduce the potential for environmental harm. Signatories are committed to following the Code’s principles, implementing its standards of practice and being audited against the Code by third-party auditors. All of Newmont Goldcorp’s operations that were active in 2009 have been certified by a third party as conforming to the Code’s standards. www.cyanidecode.org
OHSAS’ internationally accepted standards define the requirements for establishing, implementing and operating Newmont Goldcorp’s occupational health and safety management system and provides independent verification of that system through third-party audits.
Newmont Goldcorp is a founding member and signatory to the World Economic Forum’s Partnering Against Corruption Initiative. Honoring its commitment to PACI, Newmont Goldcorp put in place a zero-tolerance policy for bribery and corruption. In addition, employees across the Company must complete a comprehensive training program to prevent corruption, based on PACI’s principles. Our PACI program also includes the more stringent U.K. Bribery Act requirements, which prohibit the receipt of commercial bribes and kickbacks.
Newmont Goldcorp is one of 28 global companies actively involved with EITI’s efforts to improve governance in resource-rich countries. While the Initiative’s efforts focus primarily on building the capacity and will of national governments to transparently account for revenues received from extractive industries, Newmont Goldcorp supports this effort by openly disclosing its tax and royalty payments. Such programs are designed to reduce the devastating effects that corruption can have on economic development and the rule of law in these contexts. www.eiti.org
Newmont Goldcorp’s global sustainability report (Beyond the Mine) is compiled in accordance with the GRI G4 guidelines. Newmont Goldcorp’s Beyond the Mine sustainability report is reviewed by an independent assurance company and meets the requirements for an A+ (in accordance with Core) GRI rating. The sustainability report is published as part of Newmont Goldcorp’s ongoing obligations as a founding member of the International Council on Mining and Metals and in accordance with its commitments under the Voluntary Principles on Security and Human Rights and the United Nations Global Compact. www.globalreporting.org