Kinross releases 2017 Corporate Responsibility Report
August 01 2018 - 5:03PM
Kinross Gold Corporation (TSX:K; NYSE:KGC) (“Kinross”) is pleased
to present its 2017 Corporate Responsibility Report, a
comprehensive and transparent account of the Company’s health and
safety, socio-economic, community and workforce engagement, ethical
conduct and environmental performance across its global operations.
“Corporate Responsibility (CR) is engrained into
our core business and every facet of our operations at Kinross,”
said J. Paul Rollinson, President and CEO. “Our approach to CR
continues to focus on the well-being of our employees, host
communities and surrounding environment, which includes generating
sustainable benefits in the host countries and communities where we
operate, and acting ethically and transparently. This report, which
marks ten years of our formal CR reporting, provides important
details about our strong performance and the measures we take to
ensure we meet our commitments as a leading responsible mining
company.”
Key elements of Kinross’ 2017 Corporate
Responsibility Report, which is available at
2017corporateresponsibilityreport.kinross.com, include:
Putting People First – Health &
Safety
- A tragic fatal accident at the Kupol mine in Russia is a stark
reminder of the utmost importance of keeping safety as a first
priority. This was the first employee fatality at a Company mine
site since 2012. The Report describes measures that have been
implemented to improve safety, including a critical risks and
controls program and improved reporting of high potential
incidents.
- Total Reportable Injury Frequency Rate (TRIFR) of 0.32, the
lowest in Kinross’ history.
Generating Socio-Economic
Value
- $2.8 billion spent in host countries through wages and
procurement of goods and services, including $800 million spent in
local areas around our sites on wages, goods and services, and
local taxes.
- 79% of goods and services sourced in-country, working with more
than 3,500 suppliers.
Empowering our Communities
- 112,000 stakeholder interactions at operating sites.
- Reached more than 850,000 beneficiaries through community
programs.
Managing our Environmental
Footprint
- 82% of water from operations recycled.
- Among the lowest carbon footprint in comparison with our
peers.
- Further strengthened tailings dam management and monitoring
program.
Engaging our Workforce
- 97.7% of Kinross workforce hired in host countries.
- 33% of board of directors are women.
- Promoted employee development through core values, new 8 People
Commitments, leadership development model, and the new online
Kinross University.
Ethical Conduct
- Zero cases of corruption or allegations of human rights
violations.
- Continued to improve processes and policies, including updating
the Code of Business Conduct and Ethics and publishing a new
Working with Integrity guidebook for employees.
The Report follows the Global Reporting
Initiative (GRI) framework, fulfills Kinross’ commitments as a
participant in the United Nations Global Compact by publishing a
“Communication on Progress” report, and includes coverage of how
Kinross has linked business performance to the UN’s Sustainable
Development Goals.
The Report also documents key stakeholder issues
and Kinross’ responses on a site-by-site basis, and provides
results from a recent socio-economic study examining how mining
contributes to sustainable development in the rural areas around
our Tasiast mine in Mauritania. The study demonstrates the
significant reductions in poverty in the region around the Tasiast
mine between 2011 and 2017.
Four case studies in the Report illustrate
specific examples that relate to environmental stewardship through
water conservation and world-class reclamation, and support for
programs that empower Indigenous groups and women in communities
around our mines. The case studies include:
- Improving the Lives of Women and Children in West Africa
- Strengthening Indigenous Culture in Russia
- Paracatu Water Resource Protection with Local Farmers in
Brazil
- Trout Unlimited and Rocky Mountain Elk Foundation Partnership
at Mineral Hill Reclamation Site near Yellowstone National
Park
Kinross has also continued to evolve and improve
how it approaches its Corporate Responsibility strategy. The
Company updated its Guiding Principles for Corporate Responsibility
after a cross-discipline review to ensure there is operational
accountability through relevant metrics that track performance
against each Principle. You can find Kinross’ Guiding Principles
for Corporate Responsibility here.
About Kinross Gold
Corporation
Kinross is a Canadian-based senior gold mining
company with mines and projects in the United States, Brazil,
Russia, Mauritania, Chile and Ghana. Kinross’ focus is on
delivering value based on the core principles of operational
excellence, balance sheet strength, disciplined growth and
responsible mining. Kinross maintains listings on the Toronto Stock
Exchange (symbol:K) and the New York Stock Exchange
(symbol:KGC).
Corporate Responsibility
Contact Ed OpitzVice-President, Safety and
Sustainabilityphone: 416-369-6476ed.opitz@kinross.com
Media Contact Louie
DiazDirector, Corporate Communicationsphone:
416-369-6469louie.diaz@kinross.com
Investor Relations ContactTom
ElliottSenior Vice-President, Investor Relations and Corporate
Developmentphone: 416-365-3390tom.elliott@kinross.com
Source: Kinross Gold Corporation
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