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Barrick Responsibility Report 2007 What Is Responsible Mining?

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Barrick Responsibility Report 2007 What Is Responsible Mining? Barrick Responsibility Report 2007 What is responsible mining? About this Report The 2007 Responsibility Report summarizes Barrick’s global environmental, health, safety and social (EHSS) performance. The Responsibility Report and supplemental documents provide information on all of our operations and joint ventures, as well as corporate and regional offices. Data presented in this report are for the calendar year 2007. The data are aggregated globally and intensity indices are used where relevant. We recognize that the audience for our responsibility reporting is diverse and their information needs are broad. In order for us to meet the needs of all our stakeholders the 2007 Responsibility Report focuses on our performance and the significant issues we are confronting. It is supplemented on our website by more detailed Regional Responsibility Reports, comprehensive data tables and more information on our management approach to Corporate Social Responsibility. See www.barrick.com/CorporateResponsibility. Our annual report on the International Council on Mining and Metals (ICMM) Principles, our Global Reporting Initiative (GRI-G3) Index and the UN Global Compact Communication on Progress (COP) report are all available on our website. We are committed to transparent disclosure of our social responsibility performance and critical issues raised during the year. Issues discussed in this report and on our website were identified by: • Stakeholder feedback and concerns • Consideration of key environmental, health, safety and social risks to our business • Use of the Global Reporting Initiative including the new G3 guidelines Barrick includes, with each Responsibility Report, a third-party review of our report and the associated process of data collection and verification. In 2008, we retained Environmental Resources Management to provide an independent assessment of the 2007 Responsibility Report and associated website information. The independent assessment is located on page 36 of this report. Please see Barrick’s Annual Report to Shareholders for financial performance information. Good governance and ethics Helping local communities Empowering employees Fostering safe workplaces Protecting the environment Performance Snapshot 2 Your thoughts are important to us. Please take a Executive Viewpoint 4 moment to provide us your comments, either directly to the Communications Department at A Culture of Responsibility 6 the address on the back cover of our report, or by Corporate Governance 8 filling out the Feedback form on our website at Community Responsibility 10 www.barrick.com/CorporateResponsibility and go to Reporting. Employee Responsibility 20 Safety and Health Responsibility 24 Environmental Responsibility 28 Independent Assessment 36 About Barrick Gold IBC Glossary IBC Barrick Responsibility Report 2007 1 Performance Snapshot Performance Snapshot 2007 TARGETS AND OBJECTIVES 2007 PROGRESS 2008 TARGETS AND OBJECTIVES Ethics • Approve and implement the • Security Policy developed – based • Implement the Security Policy via a Security Policy on the VPSHR security strategic planning process • Approve and implement the Supplier • Supplier Code of Ethics approved • Develop a standardized training Code and implemented across the program for the VPSHR • Continue implementation of the Company • Monitor the implementation of Voluntary Principles on Security and • Security gap assessments completed the VPSHR via an external review Human Rights (VPSHR) at all at-risk sites process • Developed one-day ethics and • Develop and implement a multi- integrity leadership seminar disciplined approach to improve • Senior managers across the Company illegal/artisanal mining issues participated in the ethics and • Continue to implement ethics and integrity leadership seminar integrity leadership training through- out the Company • Develop and implement on-line ethics training for employees Employees • Institute Powerful Leadership • Powerful Leadership phase one • Powerful Leadership phase two training Company-wide was delivered to 1900+ supervisors will be delivered to the same target and managers Company-wide, audience. It will provide insight exceeding targets for participation, into managing performance skills transfer and participant challenges, maximizing team satisfaction performance and retention Community • Develop site-level or regional- • 16 site level CE&SD plans and • Develop a new Corporate level Community Engagement one regional (North America) plan Community Relations Strategic Plan and Sustainable Development developed • Establish a community relations (CE&SD) plans • Draft key performance indicators leadership team • Develop and pilot a social perform- developed. Social performance • Develop a social performance ance review program review under development monitoring framework • Develop stakeholder engagement • Corporate stakeholder engagement plans at the corporate level plan complete and being imple- mented 2 Barrick Responsibility Report 2007 2007 TARGETS AND OBJECTIVES 2007 PROGRESS 2008 TARGETS AND OBJECTIVES Environment • Finalize Energy Management Policy • Policy captured within Climate • Measurement, tracking and Change Program. Energy manage- reporting of energy use established ment guidelines developed for at all sites operations • Complete remaining energy • Completed • Third-party energy efficiency assess- efficiency self-assessments ments conducted at selected sites • Implement additional mercury • Mercury sampling and stack testing • Additional mercury controls will emissions control technology underway. Mercury control enhance- be implemented where testing ment completed at two operations identifies a need • Continue Environmental • EMSS – Leadership and Legal • Continue EMSS implementation – Management System Standard Obligations Register elements Risk Assessment and Change (EMSS) implementation introduced Management elements • Issue Climate Change Policy • Climate Change Program com- • Implement Climate Change Program and Program pleted. Board approval received in • Finalize and implement Water first quarter 2008 Conservation Policy and Program • Zero fines • Two operations received fines • Zero fines related to three environmental • Complete Cyanide Code incidents Certification of our designated operations Safety and Health • Zero Fatalities • Two fatalities • Zero Fatalities • 12% reduction in Lost Time • LTAs increased by 7%, however • 15% reduction in LTAs Accidents (LTAs) total injury frequency rate decreased • Improve health reporting by 9% with data management system • Continue implementation of the • On target • Conduct gap analysis against the Health Program Health System Standards • Continue Courageous Leadership • Refresher training completed for • Courageous Leadership Refresher through refresher courses current employees; full training training for current employees; full program for new workers training program for new workers Barrick Responsibility Report 2007 3 Executive Viewpoint Our Vision – Responsible Mining At Barrick, our commitment to Responsible Mining defines who we are as a company and drives our way of doing business. As we mark our 25th anniversary, it has been a remarkable journey for a company that began with one mine to our current position as a leading international gold mining company, with 20,000 employees at 27 operating mines and projects on five continents. Barrick is now the world’s preeminent gold mining company. a healthy environment. In 2007, Barrick added the International As such, we recognize and embrace our responsibility to the Council on Mining & Metals and the Clinton Global Initiative communities where we operate, to our stakeholders and to to our growing list of respected partners worldwide. our employees. Reflecting back, I am proud of Barrick’s role in the development I am convinced that our success over the past 25 years is tied of the Cyanide Code and the leadership we are demonstrating directly to the important contributions we have made to build- today within our industry. By January 2008, nine of Barrick’s 21 ing stronger, more prosperous communities, safeguarding the participating operations had received Code certification, having environment and improving our safety record. undergone rigorous third-party audits. Over the past year, Barrick has continued to make substantial Sustainable Development progress in all of these areas. We have further developed our We believe that our mining operations are an important well-established community programs in partnership with catalyst to sustainable economic development and have put organizations such as World Vision, CARE Tanzania and the in place programs that contribute to the health and prosperity African Medical & Research Foundation (AMREF). Many of of people living near our mines. Barrick makes meaningful con- these programs focus on health and education, particularly tributions to community initiatives and infrastructure develop- where systemic gaps exist in the developing world. ment in places where poverty exists and essential infrastructure We have strengthened our commitment to international is limited or nonexistent. standards and best practices, such as the Voluntary Principles In 2007, we added over $6 billion to the economies of the on Security and Human Rights and the International Cyanide host countries and local communities where we operate. This Management Code. illustrates the immense contribution that mining makes on Our membership in other voluntary initiatives such as the an annual basis
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