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Barrick Gold Corp - CEO, Mark Bristow - The Market Herald Canada
CEO, Mark Bristow
Source: Geko Research
  • Canadian mining giant Barrick Gold (ABX) has once again made it onto the S&P Dow Jones Sustainability World Index
  • The World Index division ranks some of the world's largest companies by governance, social performance, environmental management and economic contribution
  • This is Barrick thirteenth straight year on the World Index, and it received full marks in the areas of environmental reporting, water-related risks, social reporting and human rights
  • This year the company also improved its marks in the key areas of policy influence, operational eco-efficiency, biodiversity and occupational health and safety, when compared to last year’s evaluation
  • Barrick Gold is currently up 0.81 per cent and is trading at C$30.05 per share

Canadian mining giant Barrick Gold (ABX) has once again made it onto the S&P Dow Jones Sustainability World Index.

The index is collaboratively developed by finance giant S&P and sustainability-focussed international investment company RobecoSAM. The aim of index is to provide a global sustainability benchmark to better inform investors and companies alike.

The World Index division ranks some of the world's largest companies by governance, social performance, environmental management and economic contribution factors to identify the top ten percent performers in every industry.

This is Barrick thirteenth straight year on the World Index, and it received full marks in the areas of environmental reporting, water-related risks, social reporting and human rights.

The company also improved its marks in the key areas of policy influence, operational eco-efficiency, biodiversity and occupational health and safety, when compared to last year’s evaluation.

President and CEO Mark Bristow said he was pleased by this objective, independent assessment of the strong emphasis Barrick placed on sustainability issues as well as the robustness of its approach.

Interestingly, despite making the list last year, Google’s parent company Alphabet Inc and U.S. institution Bank of America failed to make the cut in 2020.

“At the heart of our philosophy is the belief that our ability to operate successfully is acutely dependent on delivering long-term value to all our stakeholders and proactively managing our impacts on the wider environment,” he added.

Mark went on to say that, despite the positive recognition, Barrick’s environmental, social and governance credentials remained a high priority, and the group plans to continue enhancing its sustainability efforts.

Barrick Gold is currently up 0.81 per cent and is trading at C$30.05 per share at 2:36pm EST.


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