Kinross Gold Corporation
KINROSS GOLD is a Canadian-based gold mining company with mines and projects in Brazil, Canada, Chile, Ecuador, Ghana, Mauritania, Russia and the United States, employing approximately 9,000 people worldwide.
Kinross maintains listings on the Toronto Stock Exchange (symbol: K) and the New York Stock Exchange (symbol: KGC)
CBSR Member Since: 2008
Approach to CSR
Kinross believes we have a responsibility to conduct our operations in a manner that is safe for our employees, protective of the environment and fair for the host countries and communities where our operations are located. Through responsible mining, we believe we can generate sustainable value in our host countries and host communities. Our Corporate Responsibility Strategy integrates this commitment into our business strategy at each stage of the mine life cycle by establishing:
- a policy framework articulating our commitments and standards in key areas, including environment, health and safety, social and community, suppliers and human rights;
- a Corporate Responsibility Management System (CRMS) that requires each operation to establish management systems addressing site-specific social, environmental and health and safety performance criteria and the procedures, responsibilities, and metrics necessary to maintain those criteria; and
- Site Responsibility Plans that provide a strategic approach for two-way stakeholder engagement, community investments and partnerships; and measurement and reporting criteria to track progress in each of these areas.
We conduct biennial audits of on-the-ground compliance with our standards in key areas of environment, health and safety, and community relations. We have also developed specific metrics to track individual site performance in environment, health and safety, and community relations on a quarterly and annual basis, as part of the corporate performance management system and management compensation.
10 GUIDING PRINCIPLES FOR COPORATE RESPONSIBILITY
At Kinross, outstanding corporate citizenship is a core value. These 10 principles define what “doing the right thing” means to us and are central to how we conduct our business.
Principle 1 – We put people first and our number one priority is the safety of every employee.
Principle 2 – We maintain the highest standards of corporate governance, ethics and honesty in all of our dealings, and operate in compliance with the law, wherever we work.
Principle 3 – We promote an ongoing dialogue and engagement with stakeholders in the communities where we operate, maintained in a spirit of transparency and good faith.
Principle 4 – We exercise utmost vigilance in protecting the environment and seek ways to minimize our environmental footprint wherever we operate. We will always meet and, where possible, exceed regulatory requirements in our environmental performance.
Principle 5 – We consider all aspects of an operation or new project – including social, environmental, and post-closure issues – when making our investment decisions.
Principle 6 – We conduct all of our activities in accordance with accepted standards in the protection and promotion of human rights. We respect the cultural and historical perspectives and rights of those affected by our operations, in particular indigenous peoples.
Principle 7 – We provide a rewarding and meaningful livelihood to our employees and strive to be an employer of choice.
Principle 8 – We seek to maximize employment, business and economic opportunities for local communities from our existing operations and new projects.
Principle 9 – We provide lasting benefits to the communities where we work by supporting sustainable initiatives to develop their social, economic and institutional fabric. We recognize that every community is unique, and we work with our community partners to ensure that our support matches their priorities.
Principle 10 – We maintain an active engagement and dialogue with our global industry peers, associations, governments and civil society on CSR best practices and evolving global standards.
Ed Opitz, Vice-President, Corporate Responsibility