May 23, 2012

2011 Sustainability Report on Economic, Environmental and Social Performance now Available

governance, sustainability

Goldcorp released its seventh company-wide Sustainability Report, entitled One Company Thousands of Opportunities. Based on the disclosure requirements of the Global Reporting Initiative, the United Nations Global Compact and the International Council for Mining and Metals, the Report includes management approaches, performance metrics and progress across five key areas: Climate Change, Water Management, Human Rights, Safe and Healthy Workers and Sustainable Community Development. The 2011 Report is available online at www.goldcorp.com. A printed summary report is also available upon request via info@goldcorp.com.

We are seeking dialogue about our performance as detailed in the report and encourage your feedback. We are committed to developing greater transparency in our reporting and improving the quality and quantity of the data reported.

Feedback may be sent via the blog’s comment area or directly to dominique.ramirez@goldcorp.com.

Highlights from the 2011 Sustainability Report include:

Climate Change:

  • Company-wide energy strategy that includes a five-year plan which targets a 15% increase in energy efficiency; 20% emissions reduction and 5% of energy from renewable by 2016.
  • Obtained necessary permits for a 50MW geothermal energy project in Cerro Blanco, Guatemala. Working towards starting construction in 2012. 

Water Management:

  • Announced commitment to the development of a corporate water strategy.
  • Partnered with World Wildlife Fund in a  water footprint study.  
  • 74 % of total water use is recycled.

Human Rights:

  • Launched Partnership with Fund for Peace to develop human rights training program.  Fund for Peace is an independent, nonpartisan, non-profit research and educational organization that works to prevent violent conflict and promote sustainable security.
  • Completed the implementation of the grievance mechanism at all sites except for El Sauzal, which will be done in March 2012.

Safe and Healthy Workers:

  • Over 1,000 employees participated in Safety Leadership Training, representing all three regions and corporate offices.
  • Overall safety performance saw an overall 30% improvement in All Injury Frequency Rate. Despite this significant improvement, 4 fatalities occurred in 2011.

Sustainable Community Development:

  • Contribution to local communities amounted to $665.6 million.
  • Supported local development by sourcing 92% of goods and services locally and hiring 83% of employees from surrounding communities.

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