Tag Archives: Dow Jones Sustainability World Index

Newmont Goldcorp wins mining gold again for ESG practices

Environmental, Precious metals, Sustainable mining, Water management, , , , , ,

Newmont Goldcorp has made it onto the Dow Jones Sustainability World Index (DJSI) for the 12th consecutive year, also being named the top global gold mining company.

Newmont, which added Goldcorp to its mining mix earlier this year, was the first gold company named to the index in 2007. It was recognised for its leading environmental, social and governance (ESG) performance as the Metals and Mining sector leader by the index for a fourth year in a row in 2018.

Tom Palmer, President of Newmont Goldcorp, said: “Leading ESG performance not only helps us manage risk and create value for our stakeholders, it is also an indicator that our business is well-managed and positioned for long-term success.

“It is thanks to our employees’ strong commitment to our values that we are able to consistently demonstrate leading sustainability performance in our sector. While we are honoured to be included again on the DJSI, we recognise there is always room for improvement and will continue working to drive our performance to higher levels.”

DJSI evaluates companies based on a corporate sustainability assessment (CSA) conducted by Swiss-based RobecoSAM, a sustainability asset management, analysis and investment firm. The CSA evaluates 20 financially material sustainability criteria across economic, environmental and social dimensions.

Newmont Goldcorp said: “The DJSI’s results provide comparable and actionable data that allows investors to integrate ESG factors into their investment decisions, while identifying those companies that are well-positioned to address current and future sustainability-driven challenges and opportunities.”

The company said it ranked in the 100th percentile for leading performance in the following areas:

  • Economic: corporate governance, risk and crisis management, and materiality;
  • Environmental: management of water-related risks; and
  • Social: Labour practices, corporate citizenship, and talent attraction and retention.

Manjit Jus, Head of ESG Ratings, RobecoSAM, said: “We congratulate Newmont Goldcorp for being included in the DJSI World and the DJSI North America indices. The SAM Corporate Sustainability Assessment has again raised the bar in identifying those companies best-positioned to address future sustainability challenges and opportunities.”

Barrick Gold’s sustainability strategy pays off with Dow Jones index inclusion

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The biggest gold miner by production, Barrick Gold, has been named to the Dow Jones Sustainability World Index (DJSI) for the 11th consecutive year.

Barrick was also included in the Dow Jones Sustainability North America Index for a 12th year.

While the company did not get top position in the Metals and Mining category of the – a place reserved for its biggest rival Newmont Mining – its Chief Sustainability Officer Peter Sinclair said being included for 11 consecutive years was an honour.

“At Barrick, we believe we can generate sustained value by partnering with local communities and host governments. Being included in the index gives us confidence that we are living up to this commitment,” he said.

Each year, the DJSI independently evaluates more than 2,500 companies using sustainability criteria to identify the top 10% of performers. Companies are evaluated on a range of sustainability metrics, including governance, social performance, environment, and economic contributions—taking into account both industry-specific trends, as well as sustainability issues facing multiple sectors.

Barrick said by operating in a responsible manner, the company creates significant value for its shareholders, employees, local communities, and host countries.

In 2017, this included:

  • Continuing a 12-year trend of reducing the company’s total reportable injury frequency rate (TRIFR). Since 2005, there has been an 88% improvement in Barrick’s TRIFR (from 2.79 to 0.35 in 2017);
  • Developing a climate change strategy aligned with its overall business strategy to grow free cash flow per share through safe and responsible mining. Barrick’s strategy has three pillars: understand and mitigate the risks associated with climate change; reduce its impacts on climate change; and improve the company’s disclosure on climate change. Barrick has set a goal to keep its current greenhouse-gas emissions flat in the short term, and to reduce emissions by 30% by 2030 from its 2016 baseline of 3.5 Mt of carbon dioxide equivalent emitted;
  • Contributing $5.1 billion to its host countries and communities in the form of wages and benefits, royalties and taxes, purchases of goods and services, and community investments. This includes more than $351 million in purchases from the local communities where Barrick operates;
  • Employing more than 97% of our 10,000-plus workforce from the countries in which it operates. In addition, approximately 60% of its employees come from the local communities nearest to its mines.

Newmont Mining named sustainability leader for fourth consecutive year

Environmental, Mining policy, Precious metals, Sustainable mining, , ,

Newmont Mining Corporation has been named the Metals and Mining sector leader by the Dow Jones Sustainability World Index (DJSI) for a fourth year in a row.

Newmont was the first gold company named to the index in 2007, and has been included on the DJSI North America Index every year since 2006.

“This recognition is an important reflection of how well we are doing to create value and improve lives for all of our stakeholders,” Gary Goldberg, President and Chief Executive Officer, said. “Employees at our sites around the globe know that leading in profitability and responsibility go hand-in-hand, and that their day-to-day work can have positive and lasting impacts on local communities.

“Our focus is on the long-term success of our company and doing that requires integrating sustainability into all aspects of our business.”

In addition to being recognised as the Metals and Mining sector’s sustainability leader, Newmont achieved outstanding performance in a number of areas of the index including 100th percentile in the following:

  • Economic: corporate governance, risk and crisis management, and policy influence;
  • Environmental: biodiversity, climate strategy, and water-related risks;
  • Social: labour practice indicators, human rights, corporate citizenship and philanthropy, and asset closure management.

As part of the index calculations, RobecoSAM evaluated 600 data points for nearly 2,100 companies to determine inclusion and ranking on the DJSI.

Areas evaluated included corporate governance; risk and crisis management; supply chain management; climate strategy; human rights; talent attraction and retention; safety; environmental management and performance; codes of business conduct; local community development; and labour practices.