Kinross Gold corporate responsibility report
TORONTO, ON -- (Marketwired) -- 08/18/16 -- Kinross Gold Corporation (TSX: K)(NYSE: KGC) today released its Corporate Responsibility Report, a comprehensive account of the Company's commitment to sustainable mining and transparency.
The Report provides an in-depth review of Kinross' corporate responsibility strategy and performance in 2014 and 2015 and highlights key achievements in the areas of health and safety, education, economic benefit, community engagement and the environment.
"Mining responsibly is integral to our business strategy and our approach to operational excellence," said
Highlights of the 2015 Corporate Responsibility Report, which is available at 2015corporateresponsibilityreport.kinross.com:
Health & Safety
- Best safety performance in the company's history in 2015
- 23% decline in total reportable injury frequency rate from 2013-2015
Economic Benefit
-
US$4.8 billion spent in host countries through wages, taxes and procurement from 2014-2015 - 97.4% of Kinross workforce hired in host countries
- 79% of goods and services sourced in-country
Community Engagement
- 168,000 interactions with stakeholders in 2015
- Reached more than 770,000 beneficiaries through community programs, initiatives and events through cash and in-kind contributions representing 1.4% of EBITDA
Environment
- 38% reduction in water use over past two years
- 10% increase in the volume of waste recycled at our mines
Safety remains a top priority for the Company and is reflected in Kinross' 2015 safety record. Kinross' total reportable injury frequency rate declined 23% between 2013 and 2015, with zero fatalities in 2013, 2014 and 2015, marking these the safest years in Company history. The Company has also underscored the importance of mining as a springboard for shared prosperity. Kinross' economic benefit footprint, which the Company began measuring in 2011, shows that 73% of Kinross' revenue was spent in our host countries through wages, in-country procurement, community investments and contributions to the local tax base.
The Report's key features include a detailed stakeholder engagement table, which documents key issues and Kinross' response on a site-by-site basis, and provides insight into the positive influence of mining on the human development index in
2015 Corporate Responsibility Report case study videos:
- Safety: Building A Safety Culture at
Round Mountain - Partnerships: Advancing Community Health Through Project C.U.R.E
- Community: Celebrating Education at Integrar Na Praça in Paracatu
- Environment: Advancing Reclamation at
Buckhorn Mine
The Report complies with the Global Reporting Initiative (GRI) G4, in "accordance" with Core.
About
Kinross is a Canadian-based senior gold mining company with mines and projects in
Corporate Responsibility Contact
Vice-President, Safety and Sustainability
phone: 416-369-6476
Media Contact
Director, Corporate Communications
phone: 416-369-6469
Investor Relations Contact
Senior Vice-President, Investor Relations and Corporate Development
phone: 416-365-3390
Source:
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