Corporate Responsibility Report 2015 KINROSS 2015 CORPORATE RESPONSIBILITY REPORT Message Performance Materiality Our Putting People Generating Engaging Empowering Managing From Highlights Approach First – Health Economic Our Communities Our CEO and Safety Value Workforce Environmental Footprint 03 05 09 13 30 38 45 60 102 Welcome to Kinross’ 2015 Corporate Responsibility Report. This report chronicles our progress over the past two years in delivering on our commitment to responsible mining. Our goal is to provide a balanced and transparent account of our corporate responsibility strategy and performance, and our evolving relationships with the communities where we work, our employees and contractors, host governments, and non-profit and non-governmental organizations. This report includes our 2015 CR Data Tables and our GRI Index. All dollar amounts shown in U.S. dollars unless otherwise noted. Dvoinoye Kupol Fort Knox Corporate Profile Kettle River-Buckhorn Kinross is a Canadian-based senior gold mining company, Bald Mountain Toronto headquartered in Toronto, Canada, with ten operating mines located Round Mountain in Brazil, Chile, Ghana, Mauritania, Russia and the United States, Tasiast employing approximately 9,100 people worldwide. Our focus is Chirano 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 Paracatu (symbol:K) and the New York Stock Exchange (symbol:KGC). Maricunga GRI CONTENT INDEX | GLOSSARY PG 142 | CONTACT INFORMATION PG 148 KINROSS 2015 CORPORATE RESPONSIBILITY REPORT CONTENTS IFC #ORPORATE0ROFILE 07 About This Report 03 Message From 0RESIDENTAND CEO 09 Materiality 05 2015 Performance Highlights OUR APPROACH TO RESPONSIBLE MINING 13 14 Our Corporate Responsibility Vision 23 Ethical Conduct 15 Corporate Responsibility Strategy 25 Human Rights 18 Corporate Responsibility 28 Managing Our Supply Chain Management Systems 29 Corporate Responsibility Governance 20 Managing Risks and Opportunities and Organizational Structure PUTTING PEOPLE FIRST – HEALTH AND SAFETY 30 31 Workforce Health and Safety 34 Safety Training GENERATING ECONOMIC VALUE 38 39 Our Strategy for Value Distribution 43 Local Procurement 40 Measuring Our Benefit Footprint 44 Tax Transparency ENGAGING OUR WORKFORCE 45 46 Our Human Resources Strategy 52 Workplace Diversity and Local Hiring 48 An Integrated Approach to 55 Compensation and Benefits Talent Management 57 Retrenchment 50 Employee Training and Development 59 Labour Rights EMPOWERING COMMUNITIES 60 61 Our Strategy for Empowering 78 Community and Social Development Communities 79 Kinross Community Focus 62 Site Responsibility Plans 81 Americas 63 Engaging Our Stakeholders 93 Russia 64 Key Stakeholder Issues 95 West Africa 72 Working With Indigenous Peoples MANAGING OUR ENVIRONMENTAL FOOTPRINT 102 103 Our Strategy for Environmental 110 Energy and Climate Change Stewardship 115 Waste Management 104 Environmental Compliance 119 Biodiversity 106 Our Water Strategy 121 Reclamation and Closure 109 Air Emissions 124 Supplemental Information 139 Glossary 126 2015 Data Tables 145 Contact Information CONTENTS | 02 KINROSS 2015 CORPORATE RESPONSIBILITY REPORT MESSAGE FROM PRESIDENT AND CEO At Kinross, our core values of Putting People First, Rigorous Financial Discipline, High Performance Culture, and Outstanding Corporate Citizenship define who we are as a company, and determine how we conduct business in a responsible way for our employees, our shareholders, and our stakeholders. J. Paul Rollinson, President and CEO We value the health and safety of our have consistently delivered on the indicators than national Brazil or employees above all other priorities, expectations we have set and the statewide Minas Gerais averages – in and I am happy to report that 2015 commitments we have made to particular in the area of education, was the safest year in the history of our shareholders and broader where our Integrar program has led to the Company. Over the last three stakeholder community. improved test scores for local schools. years, 2013 to 2015, we achieved a 23% Watch the video As some of our stakeholders have reduction in Total Reportable Injury seen their own challenges, I’m proud There are many other examples, Frequency (TRIFR) and had zero fatalities. of the fact that our operations have described in this report, but I’d like to While we can never allow ourselves to been a source of stability in our emphasize a few highlights: become complacent, we do celebrate host communities. accomplishments. For example, our • Economic Contribution. Over the Round Mountain mine has been named In Chile, we were able to step in and past two years, we’ve contributed the Safest Large Mine in Nevada for two help re-establish lines of communication, $4.8 billion to the economies of years running. Watch the video access, and livelihoods for indigenous our host countries through wages, peoples whose land was destroyed by procurement and taxes, which Our safety record comes during a extreme rainfall and mudslides. amounts to 73% of the value we’ve time when we have also been setting generated from metal sales over the production records. 2015 marked the In West Africa, in partnership with local same period – an incredible measure fourth consecutive year that Kinross authorities and Project C.U.R.E., we’ve of the benefit footprint we generate has met or exceeded its guidance on been able to support the delivery of around the world. production and costs, even though over much needed medical supplies and that period, we have seen the gold price increase access to improved health • Environmental Stewardship. We fall from a high of almost $1,800 per care for people living near our have strengthened our already strong ounce to a low of less than $1,050 per operations in Mauritania and Ghana. tailings management standards to ounce. We have had to make some Watch the video include a quarterly scorecard to track tough choices, including decisions to alignment with design parameters at In Brazil, the city of Paracatu has suspend some operations and reduce each of our tailings facilities. We have developed more rapidly, and ranks the size of our workforce. Throughout, also reduced the amount of water we higher in many human development we have stayed true to our values, and use by 38% over the past two years, MESSAGE FROM CEO | 03 KINROSS 2015 CORPORATE RESPONSIBILITY REPORT while energy efficiency projects have Responsibility. We integrate those Above all else, I am proud of what our resulted in estimated greenhouse gas principles in our operations at all employees have accomplished over the reductions of over 140,000 tonnes levels of the Company by establishing two years covered by this report. I also of CO2e since 2012 based on the specific standards and expectations for am deeply grateful to the communities operational conditions at the time performance to ensure they guide our where we operate for their continuing these projects were implemented. actions. At the same time, we remain cooperation, partnership and support. committed to deliver on our external I pledge that we will continue to work • Stakeholder Engagement. We commitments to the UN Global Compact. hard to earn the respect and trust of our value the input of stakeholders, a fact stakeholders worldwide, and to meet the reflected in the 168,000 interactions We do face challenges – water issues highest standards of responsible mining. we had with stakeholders in 2015. at Maricunga and Paracatu, and Positive feedback far outweighs increasing stringency of water permits negative feedback as we registered in Washington state, for example – and 3,800 thank you notes and other in the spirit of transparency we address J. Paul Rollinson expressions of support compared those challenges in this report. At the President and Chief Executive Officer with 132 general complaints and 58 same time, however, I am confident specific grievances. that the exceptional people we have at Kinross will be able to address these These successes come from our issues, and the new issues that will principled approach, as defined by our inevitably arise as we go forward, by Ten Guiding Principles for Corporate remaining true to our core values. OUR VALUES Putting people first Outstanding corporate citizenship High performance culture Rigorous financial discipline. MESSAGE FROM CEO | 04 KINROSS 2015 CORPORATE RESPONSIBILITY REPORT PERFORMANCE HIGHLIGHTS ( Favourable Unfavourable Neutral) Kinross’ Guiding Principle Metrics 2014 2015 2015 Highlights 1. Employee Safety • Zero Fatalities (number) 0 0 • Kinross achieved best safety We put people first and our performance in Company history. number one priority is the safety of • Achieved a 13% reduction in TRIFR every employee. • Reduced Total Reportable 0.38 0.33 in 2015 over 2014. Injury Frequency Rate (TRIFR) 2. Business Ethics • Corporate, regional, and 100% 100% • We attained and maintained a Board We maintain the highest standards site management anti- target of 33% for women Directors. of corporate governance, ethics corruption training in the • Delivered anti-corruption training and honesty in all of our dealings, last two years in all three regions and provided and operate in compliance with the special training sessions to our law wherever we work. • Substantiated cases of 00 Supply Chain, Projects and Global corruption (number) Security groups. 3. Stakeholder Engagement • Stakeholders engaged, per