Barrick’s CSR efforts recognized in Canada, Chile and the Dominican Republic

January 9, 2012 10:05 am

Barrick's Punta Colorada wind farm in northern Chile.

Barrick’s Punta Colorada wind farm in northern Chile.

Barrick was recently honored for its corporate social responsibility performance, receiving separate awards for poverty reduction initiatives in Chile and community development practices in the Dominican Republic. The company was also recognized for its climate change disclosure practices in Canada and for its overall leadership in corporate, economic, environmental and social performance.

Barrick named to Dow Jones Sustainability World Index

Barrick was named to the Dow Jones Sustainability World Index for the fourth consecutive year and the North American DJSI for the fifth straight year.

The renewed listing on both indices is especially noteworthy given that the threshold for qualifying is higher each year. In 2011 the DJSI made substantial changes to their assessment criteria, including new measures for assessing human rights impacts, climate change strategy and water-related risks, increased transparency on payments to governments and key performance indicators that show how companies benefit host communities.

“We have made corporate social responsibility a tangible business priority, and, I’m pleased and honored that our efforts continue to be recognized by this influential index,” says Aaron Regent, Barrick’s President and CEO. “Although Barrick has been ranked as a leader today, we know we must continually improve our performance. We have a responsibility to respect all people, protect the environment and contribute to the progress and prosperity of our host communities around the world.”

The DJSI World Index independently evaluates 2,500 companies in the areas of corporate, economic, environmental and social performance to identify the top 10 percent of performers.

Barrick named carbon disclosure leader in Canada

For the second consecutive year, Barrick was named as a carbon disclosure leader in Canada, ranking among the top five companies in an annual survey conducted by the Carbon Disclosure Project. Barrick was selected from among 200 major Canadian companies as the most prepared, involved and transparent in its approach to climate change information disclosure practices and strategies. The Carbon Disclosure Project is the only global climate reporting system that asks companies to disclose Greenhouse Gas (GHG) emissions and climate change strategies. The survey is available for use by a wide audience including institutional investors, corporations, policy makers, public sector organizations, government bodies, academics and the public.

“At Barrick, it is a business imperative to manage the long-term, energy-related risks associated with climate change,” said Bill Williams, Barrick’s Vice President for Environment. “We are committed to public disclosure and are very pleased to be ranked as one of the top five leading companies in Canada by the Carbon Disclosure Project this year. We will continue to report on the progress we are making, as we pursue opportunities to reduce energy consumption, minimize greenhouse gas emissions and adopt renewable energy projects at our operations.”

Through energy conservation and efficiency programs, Barrick’s global GHG emissions were reduced by 206,200 metric tons over business as usual in 2010. The company continues to explore innovative technologies and implement alternative energy projects in Chile, Argentina, the U.S., Tanzania and other locations.

Chilean government recognizes company’s poverty reduction efforts

In Chile, Barrick received an award from the Chilean Ministry of Planning and Cooperation for its efforts to reduce poverty in the country’s Antofagasta and Atacama regions. “We are very proud to receive this award and it commits us to continuing this type of work,” said Barrick Vice President of Corporate Affairs Rod Jiménez. “We believe that by working together with communities, we can add value and contribute to a better society.”

Since 2009, Barrick has been working with the Solidarity and Social Investment Fund to implement projects to help people living in extreme poverty near its Chilean mine sites. The programs provide assistance to micro-entrepreneurs and small businesses. In 2010, 89 entrepreneurs and 35 small businesses received support from Barrick. As well, since 2008, Barrick has been part of the Atacama Commitment, a unique alliance with Chilean NGOs and government partners that includes a range of programs and projects aimed at improving economic and social conditions in communities in the Atacama region, home to Barrick’s Cerro Casale and Pascua-Lama projects.

“This award is aimed at recognizing companies with specific programs and initiatives to overcome poverty,” said Joaquín Lavín, Chile’s Minister of Planning and Cooperation. “It is focused on identifying and rewarding everyone who is collaborating on poverty reduction initiatives and invites others to join this challenge.”

Barrick works with the solidarity and social investment fund in Chile to support small business and micro-entrepreneurs.

Barrick works with the Solidarity and Social Investment Fund in Chile to support small business and micro-entrepreneurs.

Pueblo Viejo’s community development practices recognized

Finally, in the Dominican Republic, Barrick’s Pueblo Viejo operation was recognized by the American Chamber of Commerce of the Dominican Republic with an award for its community development practices. The award recognizes Barrick for its innovative work in helping develop a wide array of CSR initiatives in collaboration with residents and governments in communities surrounding the Pueblo Viejo project. Pueblo Viejo was one of six companies vying for the award. “We are thrilled and gratified to be receiving this award, which recognizes our extensive work with communities to help them determine the sustainable development initiatives that they want to implement, and ensure they have the capacity to see those initiatives through to completion,” said Faby Manzano, CSR Manager, Pueblo Viejo Dominicana Corporation.

comments powered by Disqus

We welcome your comments and hope you will join the discussions. Your comments should be on-topic and related to an individual post. Please be respectful; using offensive language is not permitted. We reserve the right to remove comments that are offensive, off-topic, out of context, spam or promotional.

More news

  • North America Striking the golden mother lode in the silver state

    Striking the golden mother lode in the silver state

    Goldrush discovery team receives Thayer Lindsley Award at PDAC mining conference Kevin Creel knew by late 2009 that the exploration program near Barrick’s Cortez mine in Nevada held promise, but he did not know yet that it would turn into the Goldrush deposit, one of the largest gold discoveries in...

    Read more →
  • Lagunas Norte, South America Barrick breaks new ground in Peru agro-forestry with Canadian partners

    Barrick breaks new ground in Peru agro-forestry with Canadian partners

    Patricia Ann Fortier, Canada’s Ambassador to Peru, feeds a calf at the Callacuyan reclamation project at Barrick’s Lagunas Norte mine. The Callacuyán site was a former coal mine that was successfully reclaimed by Barrick as a green area with a cattle and alpaca ranch. Barrick has announced a $1.9...

    Read more →
  • Australia Pacific, Porgera Barrick recognized for youth technical education in Papua New Guinea

    Barrick recognized for youth technical education in Papua New Guinea

    Barrick is the Porgera region’s primary economic engine, having invested more than $125 million in employee wages and benefits, while contributing another $233 million to the purchase of local goods and services in 2012 alone. A vocational training organization has recognized Barrick as a major supporter...

    Read more →
  • Pascua-Lama, South America Community water monitoring in Chile helps to build transparency

    Community water monitoring in Chile helps to build transparency

    Community members from El Corral, Chile participate in a community water monitoring program at Barrick’s Pascua-Lama project as part of the company’s transparency and community engagement efforts. A group of community representatives from El Corral, Chile were recently invited to participate in...

    Read more →
  • North America Bringing the holiday spirit, Barrick donates $50,000 to southern Nevada’s only food bank

    Bringing the holiday spirit, Barrick donates $50,000 to southern Nevada’s only food bank

    Michael Brown, Barrick’s Vice President of Corporate and External Affairs for North America (right), presents Barrick’s donation to Three Square President and CEO, Brian Burton (center) and Chief Development Officer, Matt Muldoon (left). Barrick Gold has donated $50,000 to the Three Square...

    Read more →