Kinross releases Sustainability Report
August 24 2020 - 5:00PM
Kinross Gold Corporation (TSX: K, NYSE: KGC) (“Kinross” or “the
Company”) is pleased to present its 2019 Sustainability Report (the
“Report”), detailing the Company’s progress over the past two years
in delivering on its commitment to responsible mining. The Report
provides a transparent account of Kinross’ sustainability
performance, including Environmental, Social and Governance (ESG)
activities, and an in-depth review of the Company’s relationships
with host communities, workforce and host governments.
“Kinross’ commitment to safety and
sustainability is deeply rooted in our values and culture,” said J.
Paul Rollinson, President and CEO. “Our safety performance remains
among the best in the industry and on par with, or better than that
of companies in non-industrial sectors. We continue to prioritize
health and safety and environmental stewardship, as well as
providing sustainable benefits to the communities where we operate,
with over $3.2 billion spent in our host countries in 2019 through
taxes, wages, procurement and community support.”
Kinross’ 2019 Sustainability Report, available
at
https://www.kinross.com/kinross-gold-2019-sustainability-report,
is structured in line with the Company’s Safety and Sustainability
policy and First Priorities: do no harm to people, the environment
and communities; make a positive contribution for all stakeholders,
and; act ethically and transparently. Highlights of the Report
include:
Putting People First – Health & Safety
- Achieved strong safety performance, recording the best two
consecutive years of safety metrics in Kinross history. Injury
frequency rates remained among the lowest in the industry, and on
par with, or better than rates in low-risk, non-industrial
sectors.
- Implemented rigorous and comprehensive measures to mitigate the
spread of COVID-19 and maintain business continuity and production
at all operations.
Generating Socio-Economic Value
- Continued to provide benefits to host countries with $3.2
billion spent in-country in 2019 through taxes, wages, procurement
and community support.
- Maintained high levels of in-country employment, with over 98%
of total workforce, and over 84% of management, from host
countries.
- Sourced 83% of goods and services in-country, working with more
than 7,000 suppliers globally.
- Supported community programs with over 630,000
beneficiaries.
Managing our Environmental Footprint
- Recycled 76% of water at operating mine sites.
- Maintained one of the lowest greenhouse gas (GHG) emissions
intensities per tonne of ore processed compared to peers in the
gold sector.
- Maintained best-in-class tailings management standards and
27-year record of zero breaches at tailings facilities, with zero
reportable incidents in the past two years.
Ethical Conduct
- Advanced inclusion and diversity goals, with 33% female
representation at the Board of Directors, increased percentage of
female employees, and became a signatory to the BlackNorth
Initiative to further address racism and
discrimination.
- Achieved 94% conformance against the World Gold Council’s
Responsible Gold Mining Principles, which were established in
September 2019, after completing self-assessment in July 2020.
- Recorded over 90,000 interactions with stakeholders in 2019,
with overwhelmingly positive community stakeholder feedback.
- Maintained top-tier governance record, recognized by The Globe
and Mail and the Board Shareholder Confidence Index of the Clarkson
Centre for Business Ethics and Board Effectiveness.
- Recorded zero substantiated cases of corruption and human
rights allegations.
The Report also documents the Company’s COVID-19
pandemic response, which has prioritized the health and safety of
employees, their families and host communities. The implementation
of these protocols, which were based on the advice of health
authorities and expert medical advisers, was guided by its
cross-functional COVID-19 Task Force established in January 2020.
Kinross has contributed approximately $5.4 million in support of
host communities’ and governments’ COVID-19 response efforts.
Other key issues detailed in the Report include
climate change, inclusion and diversity initiatives, and a
comprehensive tailings management approach aligning with, or
exceeding, international standards.
For additional information on our sustainability
efforts and our People Commitments see:
- Kinross Gold COVID-19 Response
- Kinross’ Responsible and Safe Tailings Management
- Kinross Gold Delivers Value Through Sustainable
Initiatives
- Kinross Gold People Commitments
The Report follows the Global Reporting
Initiative (GRI) framework and was prepared largely in accordance
with the “Core” option of reporting. It also fulfills Kinross’
commitment as a participant in the UN Global Compact, serving as
its Communication on Progress. For the first time, the Company
included the Sustainability Accounting Standards Board (SASB)
indicators in the Report, and where possible, alignment against the
key metrics in the SASB Metals and Mining Standard.
About Kinross Gold
Corporation
Kinross is a Canadian-based senior gold mining
company with mines and projects in the United States, Brazil,
Chile, Ghana, Mauritania, and Russia. Kinross maintains listings on
the Toronto Stock Exchange (symbol:K) and the New York Stock
Exchange (symbol:KGC).
Media Contact Louie DiazSenior
Director, Corporate Communicationsphone:
416-369-6469louie.diaz@kinross.com
Investor Relations ContactTom
Elliott
Senior Vice-President, Investor Relations and Corporate Development
phone:
416-365-3390
tom.elliott@kinross.com
Safety and Sustainability
ContactEd
Opitz
Vice-President, Safety and Sustainabilityphone:
1-866-561-3636
sustainability@kinross.com
Source: Kinross Gold Corporation
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