All amounts are in US dollars
TORONTO, April 25, 2022 (GLOBE NEWSWIRE) — Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) integrates into sustainability to simultaneously address environmental, social and governance (ESG) factors Group Sustainability says it adopts a holistic approach. Executive Grant Bellinger in his 2021 Sustainability Report for the company published today.
“The challenges of combating poverty, climate change and biodiversity loss are deeply intertwined, and to have a sustainable and positive impact we must work together through a holistic and integrated approach to sustainability management. We have to work on it,” he says.
“Good management of environmental dimensions is important for sustainable realization, but this only focuses on one side of the issue. It shows that a certain mining is a great means to realize the improvement and development of society. “
Barrick achieved a ‘B’ grade on the industry’s first Sustainability Scorecard for the third year in a row, recording significant improvements across most key metrics. This year’s highlights include certification of all operational sites to ISO 45001 and ISO 14001 standards and sourcing of his $1.67 billion worth of goods and services from local suppliers close to Barrick’s operations . In total, $5.5 billion was spent on suppliers in the host country, representing his 81% of Barrick’s global procurement spending. Details of Barrick’s contribution to economic value, including taxes paid, are included in the 2021 independent tax contribution report. Host country nationals now make up 96% of his workforce, and the group maintains a downward trend in total recordable injury frequency rates.1.
In addition, approximately $850 million was spent and budgeted for renewable energy and greenhouse gas (GHG) emission reduction projects. All of these meet the company’s required internal rate of return of 15%. The report also includes an updated GHG Reduction Roadmap for projects that will reduce emissions by at least 30% by 2030 against Barrick’s 2018 baseline, while maintaining a stable production profile. and the course to become net zero by 2050. Barrick’s first-ever disclosure on Scope 3 emissions and his Scope 3 Roadmap to engage and help suppliers reduce their GHG emissions. Barrick’s water efficiency rate (a measure of how much water it reuses and recycles) is 82% in 2021.
Meanwhile, a new biodiversity standard focused on promoting positive biodiversity outcomes in critically important areas will increase populations of important species in the Garamba National Park in the Democratic Republic of the Congo near the Kibari mines. resulted in a significant increase. Barrick is also the sole sponsor to reintroduce the white rhino to the park in 2022 through its partnership with African Parks and the Congo Institute for Conservation of Nature (ICCN).
“Biodiversity conservation is fundamental to the survival of the planet, essential to tackling climate change, and plays an important role in the fight against poverty. “We not only protect and preserve the natural environment, but also partner with NGOs and other organizations to protect and restore important biodiversity in some of the world’s most ecologically sensitive places,” Bellinger said. increase.
The latest report now complies with the Sustainability Accounting Standards Board (SASB) reporting requirements for metals and mining, the Global Reporting Initiative’s “GRI Standards: Core Options” and the Task Force on Climate-related Financial Disclosures (TCFD). ) Framework.
inquiry:
Investor and Media Relations
Cathy Du Plessis
+44 20 7557 7738
Email: barrick@dpapr.com
Website: www.barrick.com
Endnote 1
The Total Reported Incident Frequency Rate (“TRIFR”) is a ratio calculated as follows: Number of reported injuries x 1,000,000 hours divided by total hours worked. Reportable injuries include deaths, lost-time injuries, restricted work injuries, and medical injuries..
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in or incorporated by reference in this press release, including information regarding our strategies, projects, plans or future financial or operating results, constitutes “forward-looking statements.” All statements other than statements of historical fact are forward-looking statements. “Commitment”, “Vision”, “Target”, “Purpose”, “Roadmap”, “Outline”, “Plan”, “Effort”, “Improvement”, “Purpose”, “Will”, “Can” The language indicates forward-looking statements. Among other things, this press release contains, but is not limited to, the following forward-looking statements: Barrick’s Sustainability Strategy and Vision. Barrick Climate Strategies and Approaches to Managing Climate Risks. Barrick’s greenhouse gas emissions reduction targets and ultimate goals are to achieve a net reduction in emissions by 2050, including implementing projects set out in the 2021 Sustainability Report and working with suppliers to reduce Barrick’s Scope 3 emissions. Achieving zero emissions. Estimated capital expenditure required to meet Barrick’s greenhouse gas emissions reduction targets. Barrick’s environmental, health and safety, corporate social responsibility and human rights programs, policies and performance. Barrick’s new biodiversity standards and related initiatives. Barrick Sustainability Scorecard and 2021 Sustainability Performance.
Forward-looking statements are necessarily based on a number of estimates and assumptions, including significant estimates and assumptions related to the factors set forth below, but in light of management’s experience and perceptions, the date of this press release. We believe it is reasonable at this point. Current conditions and anticipated developments are inherently subject to significant business, economic and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in forward-looking statements, and you should not place undue reliance on such statements or information. Such factors include, but are not limited to: No Renewal of Key Licenses by Governmental Authorities. changes in national and local government legislation, taxation, regulations or regulations, and/or changes in the administration of laws, policies and practices; expropriation or nationalization of property and political or economic developments in Canada, the United States and other jurisdictions in which we or our affiliates are or may be doing business in the future; Timing of receipt of required permits and approvals or failure to comply. Lack of certainty regarding foreign legal systems, corruption and other factors that conflict with the rule of law. Risks associated with illegal and artisanal mining. risks associated with new diseases, epidemics and pandemics, including the effects and potential effects of the global Covid-19 pandemic; Damage to our reputation due to the actual occurrence or perception of numerous events, including negative publicity. Risk of loss from acts of war, acts of terrorism, acts of sabotage and civil strife. litigation and administrative proceedings; disputes over ownership of property, especially undeveloped property, or access to water, power, or other necessary infrastructure; Risks associated with working with partners on jointly managed assets. Employee relationships, including loss of key employees. Increased costs and physical risks associated with climate change, such as extreme weather events and resource scarcity. Barrick also warns that the 2022 guidance could be affected by the unprecedented business and social disruption caused by the Covid-19 spread. In addition, there are risks and hazards associated with the business of mineral exploration, development and mining. This includes environmental hazards, industrial accidents, abnormal or unexpected formations, pressures, cave-ins, floods, gold bullion, copper cathodes, gold or copper concentrates. losses (and the risk of inadequate insurance or failure to obtain insurance to cover those risks);
Many of these uncertainties and unforeseen circumstances may affect our actual results, which may be expressed or implied in any forward-looking statements made by or on our behalf. It may differ significantly from what is presented. Readers are cautioned that forward-looking statements are not guarantees of future performance. All forward-looking statements made in this press release are qualified by these cautionary statements. For more information on the factors underlying the forward-looking statements and the risks that may affect Barrick’s ability, please see our most recent Form 40-F filed with the SEC and the Canadian provincial securities regulators/annual See information form. to achieve the expectations set forth in the forward-looking statements contained in this press release;
We disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.
