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Sustainability > Our Approach

Transparency Hub

Barrick believes that transparency—whether through disclosing payments to governments, reporting on our energy and water use, voluntarily opening ourselves to third-party scrutiny, or otherwise—is integral to being an honest partner.

Sustainability Report

Barrick’s Sustainability Report is an online report located within the Sustainability section of this website.

We report on the management of significant matters affecting our license to operate, including environmental, workplace and social issues. This report has been prepared in accordance with the GRI Standards: Core option. Annually, Barrick engages a third-party consultant to provide independent external assurance on the report.

We also produce a Sustainability Report Summary, which describes Barrick’s Sustainability Strategy and the Company’s performance in managing its most important sustainability-related issues in the past year.

Key Reports for ESG Analysts

Barrick’s Policies & Standards

We disclose a number of our corporate policies and standards as part of Barrick’s commitment to transparency:

Conflict-Free Gold

Conflict-Free Gold Report

Policy Statement on Conflict-Free Gold

Barrick is committed to producing gold  in a manner that does not fuel unlawful armed conflict or contribute to serious human rights abuses or breaches of international law.

In 2013, Barrick adopted and implemented the World Gold Council’s Conflict-Free Gold Standard. All gold produced and dispatched by Barrick is in conformance with the criteria set out in the Standard and is considered ‘conflict-free’.

Barrick has produced a Conflict-Free Gold Report that describes our adherence to the Standard. An independent letter of assurance confirming Barrick’s conformance to the Standard, published by global leader in assurance and certification Bureau Veritas, is attached to the report.

Methodology for Preparing Conflict-Free Gold Report

Barrick has prepared its Conflict-Free Gold Report in accordance with the guidelines provided in the World Gold Council’s Guidance for Implementing Companies.

Barrick’s Sustainability team was responsible for assessing and demonstrating compliance with the Standard. For each assessment relevant under the Standard, documentation was collected in the form of an Evidence Pack. This package includes such applicable evidence as relevant sections of the past two Heidelberg Institute Conflict Barometer reports for our countries of operation; copies of applicable international sanctions databases; information on Barrick’s use of externally-sourced gold and our due-diligence procedures on this gold; and evidence on the transportation and control of gold from our mine sites. This information was shared in confidence with our assurance provider as supporting evidence to the content in the publicly available Conflict-Free Gold Report.

About the Conflict-Free Gold Standard

The Conflict-Free Gold Standard is designed to be implemented by World Gold Council member companies and other entities involved in the extraction of gold. It was developed after extensive consultation with industry, governments, civil society, and supply chain participants. Barrick was a key participant in the development of the Standard as part of the Responsible Gold Committee of the World Gold Council. The Standard provides a common approach by which gold producers can assess and provide assurance that their gold has been extracted in a manner that does not cause, support or benefit unlawful armed conflict or contribute to "serious human rights abuses" (as defined in the Standard) or breaches of international humanitarian law. Conformance with the Standard is externally assured by an independent third party.

The Standard, in conjunction with other existing business controls and practices, reflects the requirements of the OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas and the OECD Supplement on Gold. The Standard has also been designed to support refiners in their efforts to demonstrate a conflict-free supply of gold. Conformance to the Conflict-Free Gold Standard satisfies the due-diligence requirements of the London Bullion Market Association Responsible Gold Guidance. 

Further information and documentation on the Conflict-Free Gold Standard is available on the website of the World Gold Council.

Human Rights Report

Barrick maintains a fundamental respect for the human rights of its people and every individual and community affected by its operations. We will not tolerate violations of human rights committed by our people, affiliates, or any third parties acting on our behalf or related to any aspect of a Barrick operation. We have produced our Human Rights Report to share with  stakeholders how our Company thinks about human rights, explain the steps that we have taken to respect human rights, and describe how we operationalize this commitment across our global business operations. It also defines our salient risks—those areas where we believe our activities and operations could more likely create negative impacts.

Human Rights Report

We have produced our Human Rights Report to share with stakeholders to how our Company thinks about human rights, explain the steps that we have taken to respect human rights, and describe how we operationalize this commitment across our global business operations.

Economic Contributions

Barrick has the opportunity to contribute significantly to the economic development of the countries and communities where we operate. Through our Economic Contributions Report we aim to show our progress in generating economic value for our stakeholders. This report describes in detail how Barrick’s policies and management systems support the social and economic development of the countries and communities where we operate, including our tax strategy, our efforts to prioritize local employment and local procurement, and our community investments.

Barrick is also required to report on specific payments to governments in accordance with the Extractive Sector Transparency Measures Act (“ESTMA”) issued by the Government of Canada.

Economic Contributions Report

Through our Economic Contributions Report we describe in detail how Barrick’s policies and management systems support the social and economic development of the countries and communities where we operate, including our tax strategy, our efforts to prioritize local employment and local procurement, and our community investments.