Barrick Gold Corporation
NYSE : ABX
TSX : ABX

Barrick Gold Corporation

July 20, 2015 08:45 ET

Barrick 2014 Responsibility Report Now Available

TORONTO, ONTARIO--(Marketwired - July 20, 2015) -

All amounts expressed in US dollars

Barrick Gold Corporation (NYSE:ABX)(TSX:ABX) has published its 2014 Responsibility Report, which provides a detailed overview of the company's corporate responsibility performance. The full report and a material issues summary report are available on Barrick's website at www.barrick.com/responsibility.

"While last year was a time of fundamental change at Barrick, one thing that has not and will not change is our unwavering commitment to mining responsibly," says Peter Sinclair, Senior Vice President of Corporate Affairs. "We continue to put a priority on developing mutually beneficial and respectful partnerships with host governments and communities, while working to minimize the social and environmental impacts of our activities. This report is an important update on our progress and performance in this regard."

Highlights from the 2014 Report:

Community

  • Barrick continues to make significant economic contributions in its host countries and communities. In 2014, this contribution totaled $9.7 billion, including $6.6 billion in the purchase of local and national goods and services, $1.1 billion in taxes and royalties, and $2.0 billion in wages and benefits.
  • We invested more than $54 million in community development initiatives and programs to improve health, education, and infrastructure. Barrick has also contributed more than $31 million for scholarships in the past eight years, creating important educational opportunities for more than 26,000 students around the world.
  • Local employment is one of the more tangible and significant ways we contribute to social and economic development. In 2014, more than 95 percent of Barrick employees were nationals of the countries where we operate.
  • Our Local Procurement Standard, implemented in 2014, helps Barrick integrate local suppliers into our broader procurement systems, diversifying local economies and lowering the company's costs for goods and services.

Learn more: www.barrick.com/responsibility/community

Human Rights

  • Barrick respects human rights wherever we operate and recognizes the equality and dignity of the people with whom we interact.
  • In 2014, we enhanced our Supplier Code of Ethics and added human rights due diligence questions to our Vendor Onboarding Standard.
  • Nearly 8,000 employees received human rights training.
  • Human rights assessments were completed at four sites by an independent third-party, and we undertook a project with UNICEF to assess children's rights indicators in the assessment process.

Learn more: www.barrick.com/responsibility/human-rights

Safety

  • 2014 was our safest year on record, driven by our culture of teamwork and courageous safety leadership.
  • We continued a 10-year trend of reducing our total reportable injury frequency rate (TRIFR).
  • More than 575,000 hours of safety training were provided to employees and contractors in 2014.

Learn more: www.barrick.com/responsibility/safety-health

Environment

  • Barrick sourced nearly 20 percent of its electrical power, both self-generated and purchased, from renewable energy sources in 2014.
  • We manage water as a vital, shared resource everywhere we operate. This includes water recycling, zero discharge programs and the use of non-potable water sources where available.
  • Nearly one-quarter of water used in 2014 was derived from saline or brackish sources, and more than 60 percent of the company's operations are zero discharge sites where most water is recycled and reused.
  • Since 2009, more than one million tonnes of greenhouse gas emissions have been saved through Barrick's energy reduction programs.

Learn more: www.barrick.com/responsibility/environment

External Recognition

  • In 2014, Barrick was listed on the Dow Jones Sustainability World Index for the seventh consecutive year and was ranked as the top performer in the mining industry category.
  • Barrick was also ranked among the top companies in the world in sustainability performance reporting by the NASDAQ Global Sustainability Index. We have been included on the Index since November 2010.

About Our Report

  • Barrick reports according to the Global Reporting Initiative's (GRI) Sustainable Reporting Guidelines, using GRI-G3, at application Level A+.
  • Since 2008, Barrick's annual Responsibility Report has been externally assured. The report also includes a referenced index for the UN Global Compact and the International Council on Mining and Metals' Sustainable Development Principles.

Learn more: www.barrick.com/responsibility/reporting

Contact Information

  • INVESTOR CONTACT: Susan Muir
    Senior Director
    Investor Relations
    +1 416 307-5107
    s.muir@barrick.com

    MEDIA CONTACT: Andy Lloyd
    Senior Vice President
    Communications
    +1 416 307-7414
    alloyd@barrick.com