Kinross Gold Published 2021 Sustainability Report

SEATTLE (Scrap Monster): Kinross Gold Corporation announced publication of its 2021 Sustainability Report, which details strong Environmental, Social and Governance (ESG) strategy over the past one year.

The report details the company’s approach to responsible mining. Kinross Gold enhanced its ESG oversight by establishing an ESG Executive Committee, which will now provide quarterly reports to its Senior Leadership team and to the Board. The company made notable efforts to streamline its operations in line with the Responsible Gold Mining Principles and expects to complete external assurance by next year.

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Kinross Gold completed the assessment of nearly 98% of Tier 1 suppliers at operating sites and reported zero substantiated cases of corruption or bribery. Though the overall safety performance was in line with 3-year averages, it was overshadowed by a fatal accident at the Chirano, Ghana mine and a serious mill fire at Tasiast.

The Sustainability Report highlighted that the operating mine sites recycled 80% of water. The company maintained record of zero tailings breaches for the 29^th year in a row. It aims to achieve 30% reduction in intensity of Scope 1 and Scope 2 greenhouse gas (GHG) emissions by 2030 and reach net-zero GHG emissions by 2050.

Kinross Gold generated $3.5 billion in economic benefits to host countries through taxes, wages, procurement and community support.