We believe these traits are the very foundation on which to build a modern mining company and are as important as geotechnical expertise and free cash flow, president and chief executive
Bristow said Barrick's approach to climate risk was led by site-specific strategies based on science and operational realities, rather than hopeful aspirations, and it was constantly reviewed in the light of technological advances. Identification and realization of the opportunities these offered enabled the company to update its 2030 emissions reduction target from 10% to 30% against its 2018 baseline. Barrick's ultimate aim is to achieve net zero emissions by 2050.
In 2020, Barrick's environmental strategy paid real dividends, from improved water management in
'Our current roadmap includes energy efficiency measures across the group and ambitious plans for more solar power in
Bristow says, with the Covid-19 pandemic driving more people below the poverty line, Barrick is maximizing the social and economic benefits its mines inject into their host countries and communities. In 2020, the company established community-led development committees at all its operational sites. These committees currently oversee an investment of more than
Barrick's prompt and effective response to Covid-19 largely protected its business and people from the impact of the virus - the mines in
The company's 2019 Sustainability Report was the first in the industry to publish a detailed ESG scorecard, based on key metrics and rating Barrick against its peers. The scorecard, says group sustainability executive
'In 2020, there was a marked improvement against most metrics and we improved our overall score. The fact that we still gave ourselves a B grade shows we realize that we still have some way to go and that there is no room for complacency. In keeping with our target of continued improvement, this year's scorecard includes additional metrics which will be used to assess our 2021 performance,' he said.
Contact:
Tel: +1 647 205 7694
Cautionary Statement on Forward-Looking Information
Certain information contained or incorporated by reference in this press release, including any information as to our strategy, projects, plans or future financial or operating performance, constitutes 'forward-looking statements'. All statements, other than statements of historical fact, are forward-looking statements. The words 'committed to', 'belief', 'strategies', 'opportunities', 'target', 'aim', 'roadmap', 'plans', 'maximizing', 'improvement', 'may', 'will', 'can', 'could', 'would' and similar expressions identify forward-looking statements. In particular, this press release contains forward-looking statements including, without limitation, with respect to: Barrick's sustainability strategy and vision; Barrick climate strategy and approach to managing climate risks; Barrick's greenhouse gas emission reduction targets and ultimate aim to achieve net zero emissions by 2050; Barrick's environmental, health and safety, corporate social responsibility and human rights programs, policies and performance; initiatives undertaken by Barrick to mitigate the impact of Covid-19 on our operations, local communities and other stakeholders and Barrick's Sustainability Scorecard and 2021 sustainability performance.
Forward-looking statements are necessarily based upon a number of estimates and assumptions including material estimates and assumptions related to the factors set forth below that, while considered reasonable by the Company as at the date of this press release in light of management's experience and perception of current conditions and expected developments, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements and undue reliance should not be placed on such statements and information. Such factors include, but are not limited to: failure to comply with environmental and health and safety laws and regulations; non-renewal of key licences by governmental authorities; changes in national and local government legislation, taxation, controls or regulations and/or changes in the administration of laws, policies and practices; expropriation or nationalization of property and political or economic developments in
Many of these uncertainties and contingencies can affect our actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, us. Readers are cautioned that forward-looking statements are not guarantees of future performance. All of the forward-looking statements made in this press release are qualified by these cautionary statements. Specific reference is made to the most recent Form 40-F/Annual Information Form on file with the
We disclaim any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.
(C) 2021 Electronic News Publishing, source