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Goldcorp 2017 Sustainability Report

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Goldcorp 2017 Sustainability Report Operational Excellence. Sustainable Value. 2017 SUSTAINABILITY REPORT TABLE OF CONTENTS ABOUT US 3 SAFETY AND HEALTH 129 Message from our CEO 4 Management Approach 131 2017 Key Performance Achievements 6 Safety Leadership and Accountability 137 Map of Projects and Operations 11 Injury and Illness Performance Metrics 140 Our Company 12 Occupational Health and Wellness 141 Our Corporate Governance 14 Safety Case Studies 143 Supply Chain Management 18 Creating a Culture of Safe Execution 143 Commitment to External Initiatives 19 Using Technology to Make Our Mines Safer 145 Reducing Exposure through a ABOUT THIS REPORT 20 Monitoring Network 146 Scope and Content 20 Boundary and Limitations 20 ENVIRONMENTAL STEWARDSHIP 147 Assurance 23 Management Approach 149 Thank You 26 Materials 152 Climate Change Risks and Opportunities 153 OUR PRIORITIES 27 Water Management 163 Materiality Analysis 27 Waste and Hazardous Materials Management 171 Methodology 28 Biodiversity Management 173 Top Material Topics 30 Environmental Compliance 175 Sustainability Performance Index (SPI) 33 Environmental Stewardship Case Studies 176 Goldcorp and the United Nations A “Deer-est” Conservation Effort at Sustainable Development Goals (SDGs) 34 Peñasquito Mine 176 STRATEGY AND GOVERNANCE 40 All the Buzz at Red Lake and Porcupine Mines 177 Management Approach 42 Figuring Out the True Cost of Water 178 Governance and Accountability 47 MINE CLOSURE 179 Executive Compensation 50 Management Approach 181 Business Ethics and Compliance 51 Mine Closure Objectives and Initiatives 187 Public Policy Advocacy 53 Mine Closure Case Studies 189 Contributions to Political Parties 53 Community Water Projects – Water Services Enterprise Risk Management (ERM) 54 for Generations to Come 189 Strategy and Governance Case Studies 57 Forest Recovery: Marlin’s Environmental Goldcorp’s Innovation Strategy 57 Legacy 190 IBM Watson: Gaining New Exploration Insights Innovation and Leadership in Reclamation through Artificial Intelligence 59 and Tailings Management 192 Optimizing Safety and Performance through Accenture’s Connected Mine 60 ADDRESSING OUR CHALLENGES 193 Our People: Engaging and Motivating COMMUNITIES 62 Our Employees 193 Management Approach 64 Environmental Stewardship: Protecting Sustainable Benefits for Communities 71 Our Water Resources 194 Stakeholder Engagement 81 Diversity: Building an Inclusive Workplace 194 Human Rights 88 Communities: Improving Relationships with Communities Case Studies 99 First Nations 194 Community Response Systems in Practice: What Lies Ahead 195 Assessing the Effectiveness of Our New Community Response System Assessment 99 GRI INDEX TABLE 196 Local Employment in Peñasquito 100 GLOSSARY 205 Peñasquito Supports the Opening of La Plaza Community Square 102 CONTACT US 210 OUR PEOPLE 103 Management Approach 106 Our Workforce 110 Talent Acquisition and Development 112 Diversity and Inclusion 117 Labour and Management Relations 122 Our People Case Studies 124 Diversity in Mining 124 Investing in Our People 125 Building Mining Leaders of Tomorrow 127 2017 SUSTAINABILITY REPORT GOLDCORP 2 About Us We are a senior gold producer focused on responsible mining practices with safe, low-cost production from a high-quality portfolio of mines. Being a world-class gold producer means collaborating with our partners to achieve our vision of Together, Creating Sustainable Value. We’re constantly looking for ways to innovate – to be safer, more productive and responsible in the ways we conduct our operations. We believe that our business should create economic and social benefits for all of our stakeholders, and that the places where we mine should be in a more advantageous position because of our presence in those communities. Our values are simple. BE SAFE. BE PRODUCTIVE. BE RESPONSIBLE. Make sure every one of our people Deliver consistent and reliable Do the right thing and honour our goes home safe at the end of every financial and operational performance commitments. Be respectful and shift, and that our mines are Safe by ensuring our asset portfolio is ethical, and invest in the well-being Enough For Our Families. world-class, sustainably developed, of our people, our communities and operating to the highest and our planet. standards of excellence. 2017 SUSTAINABILITY REPORT GOLDCORP 3 ABOUT US MESSAGE FROM OUR CEO We are proud to present Goldcorp’s 12th annual Sustainability Report demonstrating our unwavering commitment to transparency and accountability and reasserting our vision of Together, Creating Sustainable Value, which guides our aspirations and our actions. Goldcorp is mid-way through the execution of our five- year 20/20/20 plan to position us as a highly focused, profitable and sustainable senior gold producer. Every element of our strategy revolves around safe, responsible and profitable mining activities that create enduring value for all our stakeholders. For us, sustainability and stakeholder engagement are top of mind in everything that • Investing in people. We know that having the right we do – from the day we arrive in a community to the day talent is key to successful execution of our strategic we leave. We recognize that we are guests in the areas in priorities. To that end, we have hired industry leaders for which we operate. As guests, we have a responsibility to mine management, technical services and head office treat the ecosystems and environments under our care functions. We also augmented our Board of Directors with the utmost of respect. Our overriding objective is to with the appointments of Matthew Coon Come and leave the environment within our areas of influence in as Charlie Sartain to: (i) better represent our stakeholders, productive a condition as that in which we found it. This our commitment to social responsibility, and the includes providing lasting social and economic benefits in communities we partner with; and (ii) to increase the the communities in which our employees live and work. operational expertise of our Board. We hold ourselves to a high standard of accountability • Investing in our sustainable future. In 2017, we advanced and transparency and set ambitious performance targets our Towards Zero Water vision and the EcoTails project. through our Sustainability Performance Index (SPI). This Both of which aim to significantly reduce the use of measure ensures we are continuing to meet operational, fresh water and minimize risk associated with tailings financial, environmental and social expectations. Since management. Not only is this the right approach to announcing our 20/20/20 plan in 2017, we have delivered ensuring sustainability and protecting surrounding consistently on those promises. communities, it also has the potential to significantly Our “Beyond 20/20” strategy will see us continue to invest reduce our mining footprint and operating costs while in our future with our Century project in Ontario, our Joint setting a benchmark for the industry. We also announced Ventures in Chile and in other development-stage projects. Canada’s first, fully electric underground mine at Borden, Our value-creating activities in 2017 included: which will eliminate the use of diesel fuel and propane gas in the movement of ore. • Repositioning our portfolio and re-investing capital in our core assets through the divestment of • Advancing our Sustainability Excellence Management CAD$500 million in non-core assets. System (SEMS). Our SEMS compliance and monthly report card shows we are made significant headway in • Growing our gold reserves, net of depletion, by our sustainability performance in 2017. The report card approximately 26%, from 42.3 million to 53.5 million continues to provide us with a valuable baseline for ounces, and keeping on track to achieve our target of evaluating future progress. 60 million ounces of gold mineral reserves by 2021. 2017 SUSTAINABILITY REPORT GOLDCORP 4 ABOUT US Keeping our people safe remains our top priority. We are In 2018 and beyond, we will continue to nurture innovation extremely proud that we achieved Zero Fatalities in 2017. to drive down costs, increase productivity, lower our water Our injury frequency rate also dropped notably in 2017 and energy consumption and reduce our carbon footprint. due to the continuous and ongoing focus of our dedicated These are the hallmarks of an efficient mining company. workforce. Safety is firmly embedded into our corporate Within the changing global landscape, we remain steadfast culture, and we are committed to ensuring that all our in our commitment to operating in accordance with people return home each day feeling healthy, fulfilled international best practices in every jurisdiction in which and respected. we have mines and projects. We are active members of the We fully realize how vital technology is to our success. International Council on Mining & Metals, and we continue Innovation in Canadian mining is bolstering our ability to to report in line with their Sustainable Development deliver materials to global markets as efficiently, Framework. We also act in accordance with the principles responsibly and cost-effectively as possible. Goldcorp’s of the United Nations Global Compact. We are signatories #DisruptMining challenge is playing a pivotal role in of the United Nations Voluntary Principles on Security and helping accelerate the pace of innovation in our industry Human Rights and implement its principles throughout our by encouraging cross-sector collaboration. This annual operations. We understand the importance of being
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