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Economic growth

Barrick Sets the Standard in Advancing United Nations' Sustainable Development Goals

Strategic Insights

— 1 min read

Barrick Mining Corporation remains committed to driving economic growth, enabling social progress, and protecting the environment, as outlined in the company's 2024 Sustainability Report, Beyond the Horizon. The report highlights Barrick's journey from the transformational merger in 2019 to becoming a leader in responsible mining, underscoring its commitment to sustainability-driven growth, community empowerment, and environmental stewardship. According to Mark Bristow, president and chief executive, sustainability is not part of the business – it is the business. The company has distributed over $100 billion in economic value across its host countries through wages, local business support, and tax contributions since the merger.

Key Takeaways:

  • Barrick has distributed over $100 billion in economic value across its host countries through wages, local business support, and tax contributions since the merger.
  • The company's Community Development Committees (CDCs) have invested more than $200 million in community-led projects, including schools, clinics, water infrastructure, and sustainable farming programs.
  • 97% of Barrick's employees and 76% of its senior site management are host country nationals.
  • Barrick spent $7.1 billion with local and in-country suppliers in 2024, driving local business growth and economic resilience.
  • The company reused or recycled 85% of its water intake in 2024.
  • Barrick has introduced a new site-level Sustainable Development Goal (SDG) performance framework, setting a benchmark for transparent, community-focused progress.
  • The framework tracks site-level development across indicators such as clean water, education, and healthcare, reflecting Barrick's commitment to measurable impact in line with the United Nations SDGs.

Statistics:

  • $100 billion: The amount of economic value distributed across host countries through wages, local business support, and tax contributions since the merger.
  • 97.0%: The percentage of Barrick's employees who are host country nationals.
  • 76.0%: The percentage of Barrick's senior site management who are host country nationals.
  • $7.1 billion: The amount spent by Barrick with local and in-country suppliers in 2024.
  • 85.0%: The percentage of water intake reused or recycled by Barrick in 2024.
  • $200 million: The amount invested by Barrick's CDCs in community-led projects.
  • 6 years: The timeframe in which Barrick has been operating under the current sustainability strategy.

Sources:

  • 2024 Sustainability Report, Beyond the Horizon (Barrick Mining Corporation)
  • Press release: Barrick Sets the Standard in Advancing United Nations' Sustainable Development Goals (GLOBE NEWSWIRE, May 19, 2025)

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