We determine materiality at two levels; first, we report our performance on issues that stakeholders have determined are material for the mining sector as a whole.
Second, we report issues that are pertinent at specific operations, in our local host context.
Sector-level material issues have been defined over many years by a wide range of organizations, including non-governmental organizations (NGOs); sustainability indexing initiatives such as Dow Jones Sustainability Index, Vigeo, and Sustainalytics; industry organizations such as the International Council on Mining and Minerals (ICMM); international organizations such as the UN Global Compact; and the GRI G3 Mining and Metals Sector Supplement Guidance for Defining Report Content.
Our Ten Guiding Principles for Corporate Responsibility, combined with established policies and practices, help us manage our activities and track our performance in these areas.
At the site level, we report on key issues that are identified as important to stakeholders through our stakeholder engagement and survey program, or that potentially impact our licence to operate. These issues are identified through our Enterprise Risk Management (ERM) process, our internal management systems audits, review of site level grievance topics, and ongoing discussion with host governments and/or communities. In keeping with past reports, we have included a table of Key Stakeholder Issues at our sites.
Overview of Material Corporate responsibility
Issues for Kinross
Why this is important
|Kinross' Guiding Principle|
|No job is too important, no task too urgent that it can be done in an unsafe manner. As a Company we must create an environment where we never, under any circumstances, compromise on health and safety.
||1. EMPLOYEE SAFETY
|With operations and offices in eight countries, a workforce of approximately 9,100 employees and a supply chain of over $3 billion, we must consistently demonstrate to shareholders and stakeholders that we maintain ethical conduct in everything we do.
||2. BUSINESS ETHICS
|Maintaining transparent, meaningful, two-way relationships with stakeholders in the communities where we operate is fundamental to maintaining our licence to operate.
||3. STAKEHOLDER ENGAGEMENT
|Mining impacts the natural environment where our operations are located, and we must be diligent to ensure that these impacts do not jeopardize other uses and activities, now or in the future. Key aspects of particular focus are water, energy and climate, wastes, land use, biodiversity and compliance.
||4. PROTECTING THE ENVIRONMENT
|Principles of corporate responsibility must be observed and integrated into investment decisions at each stage of project life cycle from due diligence acquisition to development, operation, and closure.
||5. RESPONSIBLE INVESTMENT
|Respect for human rights is a fundamental expectation for any business. Our diligence in this area helps manage our impacts and generates opportunities.
||6. HUMAN RIGHTS AND INDIGENOUS PEOPLES
|Our success as a business relies on a motivated, engaged workforce. Creating meaningful livelihoods is one of the most powerful impacts of our business, especially in remote areas with limited alternatives.
||7. EMPLOYER OF CHOICE
|The positive impact of our operations in local communities depends on creating opportunities that support development of local business.
||8. LOCAL SOURCING
|Mining can impact communities during development, operations and closure; by engaging as a partner with the community we can better support local economic development that extends beyond the life of the mine.
||9. SUSTAINABLE COMMUNITIES
|It is important not only to track developments that may affect us, but to participate actively in discussions that have the potential to improve our performance as a Company and as an industry.
||10. PARTICIPATE IN GLOBAL CORPORATE RESPONSIBILITY DIALOGUE
See our complete Ten Guiding Principles for Responsible Mining on kinross.com.