Kinross Gold Launches 2020 Sustainability Report

SOURCE: 3BL Alerts

DESCRIPTION:

Kinross Gold’s 2020 Sustainability Report highlights another successful year of responsible mining despite the challenges associated with the COVID-19 pandemic. The report documents Kinross’ performance and targets in the critical areas of safety and sustainability, including environment, social and governance metrics.

Click here to view the report

Key highlights of the report include:

  • Managed and mitigated the impacts of COVID-19 to our Company and provided more than $6 million towards local efforts to combat COVID-19 directed to health, food security and bolstering local economies
  • Advanced our climate strategy, including completing our first independent evaluation benchmarking alignment against the Task Force on Climate-related Financial Disclosures (TCFD) and a study to identify climate risks at the site level, as well as committing to being a net-zero greenhouse gas emissions emissions company by 2050
  • Earned the CORESMIN Award at Kinross Chile for the top safety performance of a mining company in the Atacama region, having completed over 1.2 million hours worked without a single reportable injury and no lost days
  • Fully embedded our safety focussed Critical Risk Management Program across all sites and implemented fatigue management systems
  • Increased the percentage of women in senior management roles from 13.5% to 17%
  • Committed to Canada’s BlackNorth Initiative and its anti-racism pledge
  • Recognized as the top ranked company in the World Wildlife Fund Russia’s rating of mining and metals companies
  • Maintained a record of zero incidents at tailings facilities for the 28th consecutive year
  • Returned the True North mine land to Alaska after successful reclamation and established the new Alaska Abandoned Mine Restoration Initiative in partnership with Trout Unlimited
  • Provided approximately $3.4 billion in economic benefits through taxes, wages, procurement and community support
  • Supported community programs that reached approximately 939,000 beneficiaries, a 49% increase over 2019, through community contributions
  • Continued to maintain high levels of in-country employment with 99% of our workforce and 87% of managers from within host countries
  • Achieved the highest ranking among Canadian mining companies in The Globe and Mail’s annual corporate governance review with a score of 90 out of 100 points

“Despite the extraordinary challenges that we all faced in 2020, Kinross was able to maintain a consistently high level of sustainability performance, none of which would have been possible without the outstanding efforts of our employees,” said J. Paul Rollinson, President and CEO, Kinross Gold Corporation. “Their hard work and dedication, together with the support of our suppliers, local communities, and host governments, allowed Kinross to continue improving people’s lives and well-being.”

For more information on Kinross Gold’s Sustainability performance, visit the ESG Analyst Centre here.

About Kinross Gold Corporation
Kinross is a Canadian-based senior gold mining company with mines and projects in the United States, Brazil, Russia, Mauritania, Chile and Ghana. Our focus is on delivering value based on the core principles of operational excellence, balance sheet strength, disciplined growth and responsible mining. Kinross maintains listings on the Toronto Stock Exchange (symbol:K) and the New York Stock Exchange (symbol:KGC).

Contacts:
Ed Opitz, Senior Vice-President, Safety and Sustainability
Telephone: 1-866-561-3636

Chris Lichtenheldt, Vice-President, Investor Relations
Telephone: 416-365-2761

Louie Diaz, Vice-President, Corporate Communications
Telephone: 416-369-6469

Read the Report

Tweet me: .@kinrossgold’s 2020 Sustainability Report highlights Kinross’ performance and targets in the critical areas of #safety and #sustainability, including #ESG metrics. https://bit.ly/3rRaYdD via @ReportAlert

KEYWORDS: ReportAlert, Kinross Gold Corporation

 

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