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Mining industry

Barrick Gold Corporation Ranked as Global Leader in Corporate Social Responsibility

Strategic Insights

— 1 min read

Barrick Gold Corporation, a leading gold mining company, has been recognized as a global leader in corporate social responsibility (CSR) for the fourth consecutive year by the Dow Jones Sustainability World Index (DSJI). This achievement follows the company's commitment to prioritize CSR as a tangible business priority, as stated by President and Chief Executive Officer Aaron Regent. Barrick's CSR efforts have been independently evaluated, ranking them among the top 10% of performers globally. The company is undertaking new initiatives to further strengthen its CSR performance, including the completion of a wind farm in Chile and the launch of the Maendeleo Fund in Tanzania, a $10 million community development fund.

Key Takeaways:

  • Barrick Gold Corporation has been ranked as a global leader in CSR for the fourth consecutive year by the Dow Jones Sustainability World Index (DSJI).
  • The company has made CSR a tangible business priority and has been recognized for its efforts to respect people, protect the environment, and contribute to the progress and prosperity of host communities.
  • Barrick's CSR performance has been independently evaluated and ranked among the top 10% of performers globally.
  • The company is undertaking new initiatives to further strengthen its CSR performance, including enhancements to its global human rights compliance program.
  • The Maendeleo Fund, launched by African Barrick Gold, is a $10 million community development fund in Tanzania, supporting development, health, education, and environment projects.
  • Barrick's global economic contribution to local, regional, and national economies in 2010 totaled approximately $9.7 billion.
  • The company is featured on the NASDAQ Global Sustainability Index of the top 100 companies.

Statistics:

  • 4th consecutive year Barrick Gold Corporation has been ranked as a global leader in CSR by the Dow Jones Sustainability World Index (DSJI).
  • 2,500 companies included in the Dow Jones Sustainability World Index (DSJI) evaluation process.
  • 10% of companies ranked as leaders in CSR globally by the DJSI.
  • $70 million invested in a wind farm in Chile by Barrick.
  • $10 million annual budget for the Maendeleo Fund in Tanzania.
  • 25,000 people employed by Barrick worldwide.
  • $9.7 billion: Barrick's global economic contribution to local, regional, and national economies in 2010.

Sources:

  • Barrick Gold Corporation - quotes from Aaron Regent, President and Chief Executive Officer.
  • Dow Jones Sustainability World Index (DSJI) - ranking criteria and performance evaluation.
  • SmarTrend - alerts on stocks, including ABX.
  • Comtex News Network, Inc. - market data and news.

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