Congratulations to our BLC colleagues at Goldcorp!
Goldcorp Receives Top Sustainability Ranking in Canada
TSX: G NYSE: GG
VANCOUVER, June 5, 2015 /CNW/ – GOLDCORP INC. (TSX: G, NYSE: GG) has been named one of Canada’s 50 Most Socially Responsible Corporations by Sustainalytics, an independent provider of environmental, social and governance (ESG) research to institutional investors and financial institutions around the world. The annual list recognizes companies with an outstanding commitment to social and environmental responsibility.
“Operating in a transparent and socially responsible manner is a commitment that is absolutely fundamental to the way we do business,” said Chuck Jeannes, Goldcorp’s President and CEO. “We’re proud of the strides we’ve made incorporating best practices into everything from land reclamation to ensuring we hire local workers and source from local suppliers where possible. We believe that every community we work with should prosper. This acknowledgment from Sustainalytics validates the work we’re doing.”
Goldcorp has invested significantly in the development of policies and programs that lead the industry in areas such as workplace safety, diversity, community development, education and support for non-profits. Among the key initiatives and accomplishments:
· The Six Pillar Strategy puts people, safety and sustainability at the core of Goldcorp operations;
· Goldcorp’s Sustainability Excellence Management System is a framework and set of standards that incorporate best-in-class environmental, safety, social and human rights practices;
· As a signatory to the Catalyst Accord, Goldcorp is the first mining company to commit to increasing the representation of women on its Board to 25% by 2017. The company’s gender diversity policies were also recognized recently with the YWCA Metro Vancouver Women of Distinction Award for Outstanding Workplace;
· Goldcorp has collaboration agreements in place with all of the First Nations which assert Aboriginal and treaty rights in the vicinity of its Canadian mines. The agreements include commitments to skills training, employment, opportunities for business development and contracting, and a framework for issues resolution, regulatory permitting and Goldcorp’s future financial contributions.
· Goldcorp’s annual Day of Remembrance – an event unique in the industry – enables employees to focus on identifying risks and making operations safer. Each office, operation and project across Goldcorp’s entire business (throughout North and South America) halts all activities, including production, on this day every year to focus on safety.
· The company’s Tailings Stewardship Strategy ensures best practices are implemented for proper construction, operation, maintenance, monitoring and, ultimately, closure of Goldcorp’s tailings storage facilities.
· In 2014, Goldcorp paid approximately $62 million in community contributions through community investments, donations, sponsorships, trusts, infrastructure investments and collaborative agreements.
“This achievement is consistent with our assessment of Goldcorp. NEI Ethical Funds engaged intensively with Goldcorp when the company agreed to conduct a human rights assessment for the Marlin mine at Guatemala,” said Bob Walker, Vice President Ethical Funds and ESG Services for NEI Investments. “We recognize that assessment as the most robust and transparent ever published, setting the bar for the extractives industry, and a new standard of corporate responsibility – a standard this company is managing to attain.”
Over the years, Goldcorp has also been recognized for its achievements in corporate social responsibility and sustainability by NASDAQ, Dow Jones, Randstad, YWCA, Mexican Centre for Philanthropy and Alliance for Corporate Social Responsibility and the Canadian Land Reclamation Association. In 2014, Goldcorp was awarded the Excellence in Corporate Reporting Award from Chartered Professional Accountants (CPA) Canada in recognition of the company’s electronic disclosure practices and received an award for the best corporate sustainability report in 2014 from the Finance and Sustainability Initiative.
A member of the International Council on Mining and Metals, Goldcorp publishes an Annual Sustainability Report in accordance with its commitments under the United Nations’ Global Compact and in alignment with Global Reporting Initiative (GRI) guidelines.
The 50 Most Socially Responsible Corporations list will be published in upcoming editions of Maclean’s and L’Actualité magazines.
Goldcorp is one of the world’s fastest growing gold producers. Its low-cost gold production is located in stable jurisdictions in the Americas and remains 100% unhedged.