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Barrick maintains spot on world index for 14th consecutive year

Barrick maintains spot on world index for 14th consecutive year

Barrick Gold Corporation has been listed in the Dow Jones Sustainability Index’s (DJSI) World Index for the 14th consecutive year, ranking in the 95th percentile for mining and metals.

The DJSI World Index represents the top 10 per cent leaders in environmental, social and governance (ESG) performance through the Corporate Sustainability Assessment (CSA) of the largest 2,500 companies in the S&P Global Broad Market Index. 

The DJSI is the longest-running global sustainability benchmark worldwide and has become a key reference point for sustainability investment.

This year, Barrick demonstrated industry leading performance by scoring full marks (100th percentile) in the categories of environmental reporting, social reporting, materiality and water risk management. 

It also ranked within the top 5 per cent for environmental policy and management systems, biodiversity, mineral waste management, closure and social impact on communities, while substantially improving its scores in occupational health and safety, human capital development and climate strategy. 

President and Chief Executive Mark Bristow said the company’s continued inclusion in the DJSI is a tribute to Barrick’s strong commitment to sustainability and the integration of ESG throughout the business.  

“It is encouraging to note the increase in our climate strategy ranking, off the back of our updated climate strategy and greenhouse gas emissions reduction roadmap, while leading scores in the categories of community development and biodiversity underscore our belief that our ability to operate successfully is dependent on delivering long-term value for all our stakeholders and proactively managing our impacts on the wider environment,” he said. 

“Barrick’s philosophy of sharing the benefits its operations create is applied at a local level through the establishment of fully functional Community Development Committees at each of our sites. 

Bristow said that despite Barrick’s sustained and improved performance in most of the DJSI categories, there was more work to be done.  The company would not rest on its laurels and it remained a key focus for the group to further enhance its ESG credentials. 

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Author: Toronto, Sunday

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