Barrick Mining (ABX) ESG Update summary

Sustainability strategy and governance

• Sustainability is integrated into all operations, focusing on long-term value, resilience, and partnerships, with comprehensive reporting aligned to UN SDGs and Global Compact principles.

• Executive compensation is tied to sustainability performance, tracked via a scorecard built with independent input and maintained at an 'A' grade through independent benchmarking.

• Board composition includes 30% women, with a focus on increasing female representation and Code of Conduct training for employees and suppliers.

• Sites manage their own sustainability with oversight from regional and group executives, applying international best practices and conducting Environmental and Social Impact Assessments aligned with IFC standards.

• Transparency, accountability, and independent reviews are central, with a new Summary Sustainability Report enhancing accessibility and stakeholder engagement.

Safety, health, and workforce

• Achieved record low Lost Time Injury Frequency Rate (LTIFR) and Total Recordable Injury Frequency Rate (TRIFR) in 2024, with a 64% and 46% five-year decrease, respectively.

• Lost-time injuries dropped 40% in 2024, with several sites achieving zero LTIs for extended periods.

• Zero work-related fatalities in 2024, with ongoing implementation of the Journey to Zero Roadmap and global safety benchmarking.

• Malaria rates in Africa dropped 73% since operations began, with a 51% reduction in 2024, marking the lowest incidence rate recorded.

• 97% of workforce are host nationals, and 76% of senior management are nationals, with female participation rising from 3% to 25% in five years.

Community and economic impact

• Over $15.5 billion in economic value generated in 2024, with $2.5 billion in salaries, $7.1 billion spent on local suppliers, and $2.4–2.6 billion paid in taxes and royalties.

• $48–48.9 million invested in community development, with 79% of economic value remaining in host countries.

• Distributed over $70 billion to workers, local businesses, community projects, and governments since the merger.

• Community Development Committees and SDG-linked metrics ensure local needs drive project selection and measurable impact.

• Partnerships with organizations like UNESCO and local entities support sustainable development and infrastructure.