Measuring Performance

We demand a high level of accountability for corporate responsibility performance across the Company. We have rigorous systems in place that provide our sites with guidance and annual site-specific targets, and require the effort and commitment of each of our employees.

At Kinross, we measure our CR performance in three comprehensive ways:

  • Lagging Indicators: Our mandate is to meet and, where possible, exceed environmental, health and safety regulatory requirements at all of our operations, exploration sites and closure properties. Failure to meet regulatory requirements is measured by lagging indicators and enforcement actions, such as notices of violation, regulatory notices, major releases and permit exceedances. Over the next two years, we plan to develop lagging indicators for social performance.
  • Leading Indicators: We also measure leading indicators of performance, including internal inspections and employee training in environmental, health and safety matters. These leading indicators provide us with a proactive look at the management programs in place that will prevent releases, permit excursions, enforcement actions and keep our workforce safe. We are planning to develop leading indicators for social performance over the next two years.
  • Site Audits: We assess our performance against the standards and expectations outlined in our CR Management System through a comprehensive internal auditing program, which systematically measures our success and identifies opportunities for improvement. As part of the audit program, we conduct a comprehensive EHS compliance and management system audit at each site every two years. These audits play a critical role in assessing our performance against our EHS Management System. The audit protocol reviews the site’s compliance with EHS regulatory requirements in the relevant jurisdiction, best management practices and our EHS Management System. While the internal CR audit program has focused on environmental, health and safety performance, the audit protocols are being expanded to measure performance against our CR Management System and formal standards and guidance for social performance.

We also track our performance by way of internal perceptions, through our regular employee surveys, as well as external rankings for corporate responsibility and governance, and our inclusion in socially responsible investor indices. As part of our Site Responsibility Plans, we plan to track community perceptions systematically through stakeholder surveys or other formal or informal feedback mechanisms, as appropriate.

Benchmarks for Accountability at Kinross

  • Managers at our exploration, development, operating mines and reclamation sites are accountable to senior corporate management monthly and the Board’s Corporate Responsibility Committee quarterly
  • CR performance improvement targets are set annually as part of the Four-Point Plan, through processes established in our EHS Management System and our enhanced Site Responsibility Plans
  • A portion of incentive compensation is determined by the Company’s overall safety and environmental performance, and for achievement of individual corporate responsibility goals where applicable
  • Safety and environmental protection are the responsibility of every employee.