Barrick Mining Corporation · TSX:ABX
Barrick Mining — ESG Presentation (July 2022)
43 slides from Barrick Mining's sustainability presentation, July 2022
Slide 1: Annual Sustainability Update 2022
Annual Sustainability Update 2022
Slide 2: Cautionary Statement on Forward-Looking Information
Cautionary Statement on Forward-Looking Information Certain information contained or incorporated by reference in this presentation, including any information as to our sustainability strategy and vision, projects, plans, or future financial or operating performance, constitutes “forward-looking sta
Slide 3: A Holistic Approach to ESG
A Holistic Approach to ESG Barrick’s approach to poverty alleviation, “The challenges of fighting poverty, climate change and climate resilience and biodiversity biodiversity loss are deeply connected, and we have no option but to tackle them together through a holistic and integrated approach to su
Slide 4: Sustainability Strategy
Sustainability Strategy Our Principles “At Barrick, our sustainability strategy is our business plan. We resolutely believe that successful modern mining companies must deliver long-term value to all stakeholders, not just shareholders.” To create long-term value for our stakeholders: Contribute to
Slide 5: Governance of Sustainability
Governance of Sustainability “We believe sustainability can only truly be delivered on the ground at each site, not from a corporate office. We operate a bottom-up governance structure which empowers each site to take the lead for its own unique sustainability context and issues.” Bottom-up Leadersh
Slide 6: Environmental & Social Oversight Committee
Environmental & Social Oversight Committee “Our most senior management-level body dedicated to sustainability is the E&S Committee Environmental & Social Oversight Committee (E&S Committee) which meets The E&S Committee is chaired by our President and CEO on a quarterly basis.” 6 Investing in a bett
Slide 7: Our Business
Our Business1 1 In country economic contributions, GHG emissions and number of employees are provided for our operational mines only. Refer to "About this" on page 5 of the 2021 Sustainability Report. 2 Tier One Mine - A Tier One Gold Asset is an asset with a reserve potential to deliver a minimum 1
Slide 8: 2021 Highlights
2021 Highlights Certified Biodiversity Taxes Suppliers All sites certified to Biodiversity Action Plans First Tax Contribution $5.5 billion spent with ISO 45001 & ISO 14001 implemented at all Report for 2021 released host country suppliers operational sites in April 2022 Tailings Safety Climate chan
Slide 9: Our Sustainability Scorecard
Our Sustainability Scorecard “We believe in transparently measuring and reporting our performance to the market and to our stakeholders. To help facilitate disclosure of our Barrick received a B grade in 2021, unchanged from 2020. performance, we have worked with independent However, some notable im
Slide 10: Our Sustainability Scorecard abridged
Our Sustainability Scorecard abridged 2021 Quintile Quintile Expected new metrics for 2022 Indicator 2020 2021 Trend Indicator 1 Internal metrics. 2 Metrics that were changed in 2021 to promote constant improvement. 3 New metrics included for 2021. 4 N/A due to changes in the metrics that are not co
Slide 11: Health & Safety
Health & Safety “At Barrick, health & safety is a core value. We also resolutely believe that, with the right controls and appropriate employee training in place, incidents are avoidable.” Quarterly LTIFR and TRIFR Statistics 0.38 1.47 3.0 2.75 2021 LTIFRii, a 2021 TRIFR, a 2.5 2.28 2.23 2.18 2.12 2
Slide 12: Case Study: Metal on Metal Incidents in Nevada
Case Study: Metal on Metal Incidents in Nevada Nevada Gold Mines’ focus was to reduce its metal on metal 2021 NGM HPI high potential incidents (HPIs). We tackled the issue in three 30 HPI M2M parts: 26 25 The Nevada Gold Mines safety team did a deep dive 22 review of the root cause analysis from pas
Slide 13: Social, Communities and Economic Development
Social, Communities and Economic Development “At Barrick, creating long-term value and sharing economic benefits drives our approach to sustainability, and community development.” INTERNATIONAL Our approach to the development and maintenance of our social license to operate is underpinned by three c
Slide 14: The Primacy of Partnerships… Community Development Committees (CDC)
The Primacy of Partnerships… Community Development Committees (CDC) “We believe that no one knows the needs of local communities better than the communities themselves.” The role of the CDC is to allocate the community investment budget to those projects and initiatives most needed and desired by lo
Slide 15: Sharing the Benefits
Sharing the Benefits “We are guests in our local communities and the host countries in which we operate. We believe they have the right to and must share in the benefit from the development and mining of their assets.” We share the benefits in three key ways: Paying our fair share of tax – outlined
Slide 16: Social and Economic Development
Social and Economic Development 16 Investing in a better future
Slide 17: Building Local Economies
Building Local Economies “Our commitment to the highest ethical and sustainability standards does not stop at simply enforcing the rules. We also work with local vendors to help them achieve the North Mara business incubator standards we expect.” Established a local business development program to h
Slide 18: Engaging and Listening to Stakeholders
Engaging and Listening to Stakeholders “We believe that the most effective Types of grievances received Grievances received by site community engagement is managed in 2021 in 2021 and delivered at the local level and seeks engagement and participation of the local community.” During 2021, we receive
Slide 19: Respecting Human Rights
Respecting Human Rights “Respect for human rights is a foundational value at We have zero tolerance for human rights violations wherever we Barrick and an integral part of our sustainability strategy.” operate Our Human Rights Policy sets out our clear expectation for all our employees and contracto
Slide 20: Respecting Human Rights
Respecting Human Rights We identify, assess and evaluate our salient issues through a wide range of internal assessments and external engagement processes Our most important source of information is our stakeholders, particularly our local communities with whom we have built strong and lasting relat
Slide 21: Indigenous Communities
Indigenous Communities Donlin Project, Alaska: Alaskan Native Communities Hemlo Mine, Canada: Netmizaagimig, Netmizaagamig Nishnaabeg, Biigtigong Nishnaabeg, and the Métis Nation of Ontario “Indigenous Peoples often have profound and cultural connections to their lands and waters. This can be tied t
Slide 22: Diversity and Inclusion
Diversity and Inclusion “We know a diverse workforce is a better workforce, and that diversity provides the wide range of thinking and problem-solving skills necessary to run a global company, as well as a deeper talent pool from which to select.’’ In 2021, 17% of all new hires were female and we co
Slide 23: Responsible Environmental Stewards
Responsible Environmental Stewards “At Barrick, we know the environment in which we work and our host communities are inextricably linked, and we apply a holistic and integrated approach to sustainability management.” Our approach to environmental management also Water ISO 14001 considers the impact
Slide 24: Climate Risk And Resilience
Climate Risk And Resilience Our climate change strategy does not focus solely on the development of emissions reduction targets. Rather, we integrate and consider aspects of biodiversity protection, water management and community resilience in our approach Task Force on Climate-related Financial Dis
Slide 25: Climate Strategy…Scenario Analyses
Climate Strategy…Scenario Analyses Our evolving GHG reduction target Ultimate vision of Net Zero by 2050 Roadmap for achievement of target developed Jan 2019 Jul 2019 Sep 2019 2020 2021 2022 Barrick and Nevada Gold Barrick assumes Initial target of 10% New target of at least Scope 3 Emissions screen
Slide 26: Greenhouse Gas Emissions…Updated Reduction Roadmap
Greenhouse Gas Emissions… Updated Reduction Roadmapiii Roadmap to Net Zero 26 Investing in a better future
Slide 27: Greenhouse Gas Emissions…Scope 3 Disclosure
Greenhouse Gas Emissions…Scope 3 Disclosure Roadmap to Net Zero 27 Investing in a better future
Slide 28: Our Climate Performance
Our Climate Performance GHG Emissions by source (Tonnes CO2e) Scope 1 and 2 Emissions (000 Tonnes CO2e) Total Scope 1 Scope 2 0 1000 2000 3000 4000 5000 6000 7000 8000 7,105 2021 6,134 971 7,527 2020 6,219 1,308 7,668 2019 6,654 1,014 7,541 2018 5,396 2,145 Emissions for 2020 are restated from our 2
Slide 29: Water Management
Water Management Our Water Circuit Water 82% reused and recycled This equates to 471,481 Megaliters (ML) of water reused or recycled by our mines in 2021 29 Investing in a better future
Slide 30: Water Management
Water Management Standalone Water Policy Maintain basin-wide water balances that consider the availability of water resources, impacts from climate change, and the current and future water demands of our operational needs and the needs of other stakeholders Develop and implement site-wide water qual
Slide 31: Case Study: Improving Water Access to Communities In The Dominican Republic
Case Study: Improving Water Access to Communities In The Dominican Republic Before Pueblo Viejo mine was commissioned, our baseline assessment showed that none of the 34 communities near the mine had access to municipal services To improve access to clean drinking water for the surrounding communiti
Slide 32: Responsible Tailings Management and Dam Safety
Responsible Tailings Management and Dam Safety Our approach is set out in our Tailings Storage Facilities Tailings and Heap Leach Management Standard and aligns with international best practice including the recently updated ICMM and Mining Association of Canada (MAC) guidelines Our Tailings and Hea
Slide 33: Biodiversity
Biodiversity “Conserving biodiversity is fundamental to planetary survival, essential to tackling climate change and has BAPs at all an important role to play in the war on poverty. We strive not only to preserve and maintain biodiversity operational within our permits but to partner with NGOs and o
Slide 34: Biodiversity Case Study: Garamba National Park
Biodiversity Case Study: Garamba National Park Barrick Contributions in 2021 The Garamba National Park is Africa’s oldest national park and a UNESCO World Heritage Site The park, located 70km north of Kibali in northeast DRC, has an area greater than 5,000km2 Previously placed on the list of World H
Slide 35: Addressing Our Legacy Issues
Addressing Our Legacy Issues When Barrick and Randgold merged at the start of We remain committed to being transparent about 2019, one of our priorities was to deal with a range the risks present, remedial or mitigation actions of legacy issues which required additional being implemented, or providi
Slide 36: North Mara TSF and Water Management
North Mara TSF and Water Management April 2019: NEMC issues an EPO and due to safety concerns at the TSF related to excess water above the facility’s design capacity September 2019: Barrick assumed operational control and immediately undertook to restore the TSF to its design capacity Invested $65m
Slide 37: North Mara Security and Human Rights
North Mara Security and Human Rights In early 2022, at the request of one of our refiners, We have worked diligently to restore and rebuild the PAMP, third party observers undertook a follow up relationship with the local community. A key focal point of this visit to North Mara. While the formal fee
Slide 38: Porgera
Porgera Under Care and Maintenance (C&M) since April 2020. Agreement between government and landowners association still to conclude before restart Riverine Tailings Disposal Security and Human Rights Traditional tailings impoundment risks are unacceptably Human rights violations between 2008 and 20
Slide 39: Veladero Water Management
Veladero Water Management September 2015 Event - The only incident that resulted in an out-of- Water in the high Andes has naturally elevated containment release of cyanide-bearing process solution at Veladero, concentrations of some heavy metals due to the with solution released on a road next to t
Slide 40: Pascua Environmental Concerns
Pascua Environmental Concerns Chilean environmental authority (SMA) suspended site works in 2013. SMA ordered closure of the activities under the original mining permit in 2018 which was ultimately upheld by Chile’s Antofagasta Environmental Court in 2020 Barrick confirmed that it would not appeal t
Slide 41: 2022 Plans and Priorities…Sustainability Materiality Assessment
2022 Plans and Priorities…Sustainability Materiality Assessment Implement the WGC RGMPs and the ICMM Mining Principles Working with our suppliers to set targets to reduce our Scope 3 emissions Fulfilling our commitments to the Global Industry Standard on Tailings Management Continuing the dialogue w
Slide 42: Q&A instructions
To join the question queue from your desktop or mobile WebEx app… From Desktop From Mobile App • Click the ‘Raise Hand’ icon • Tap the three dots at the located at the bottom of your bottom of your screen WebEx screen • Tap the ‘Raise Hand’ icon “OR” Q&A Portal from Desktop • Tap the ⍰ icon located
Slide 43: Endnotes…
Endnotes… i. Total recordable injury frequency rate is a ratio calculated as follows: number of recordable injuries x 1,000,000 hours divided by the total number of hours worked. Recordable injuries include fatalities, lost time injuries, restricted duty injuries, and medically treated injuries. ii.