Slide 1: Barrick Sustainability Investor Day 2021
All information is current as at December 31, 2020 unless otherwise noted
Slide 2: Taking ESG to the next level…Growing the Pie
Taking ESG to the next level…Growing the Pie Being a good neighbour – the social and economic benefits our mines inject into our host countries and communities Established inclusive and locally led CDCs at all operational sites – overseeing more than $26 million in community investment projects We t
Slide 3: Cautionary Statement on Forward-Looking Information
Cautionary Statement on Forward-Looking Information Certain information contained or incorporated by reference in this presentation, including any information as to our sustainability strategy and vision, projects, plans, or future financial or operating performance, constitutes “forward-looking sta
Slide 4: Our Business…
Our Business… In April 2020, Porgera was placed on care and maintenance. Porgera ownership is subject to change pursuant to the framework agreement signed with the government of Papua New Guinea on April 9, 2021 4
Slide 5: A Sustainability Strategy built on 4 pillars…
A Sustainability Strategy built on 4 pillars… We deliver long term value to all our stakeholders We manage our impacts on the wider environment How we deliver against these pillars is set out in our overarching Sustainable Development Policy 7 key sustainability principles translate our sustainabili
Slide 6: 2020 Highlights…
2020 Highlights… 1, 2, 3 and 4: See Endnotes i, ii, iii and iv, respectively 6
Slide 7: Governance of sustainability…
Governance of sustainability… Bottom-up Leadership – a sustainability governance model aimed at empowering each site to lead sustainability issues with oversight provided at the regional, executive and ultimately, board level We track our sustainability decisions to help us make better decisions, to
Slide 8: Our Sustainability Scorecard…
Our Sustainability Scorecard… Covers issues we regard as most important for our business and the wider industry Indicators align with our strategy Improvement across almost every aspect during 2020 Overall score of 33 in 2020, compared to 36 in 2019 Maintained a B grade Integrated into executive com
Slide 9: Updates to the scorecard…pursuing a higher grade
Updates to the scorecard…pursuing a higher grade Indicator Reason for Indicator 9
Slide 10: Health & Safety Highlights…
Health & Safety Highlights… 1 Subsequent to 2020, North Mara received its inaugural certification following an audit completed in February 2021. 10
Slide 11: Protecting the health and safety of our workforce…
Protecting the health and safety of our workforce… Safety is our first consideration in everything we do Every mine has its own site-specific safety procedures, management plans and systems in place, in line with our H&S Management Standard and international best practice Key elements for site-speci
Slide 12: Safety performance…
Safety performance… Overall improvements in 2020 2020 2019 2018 Lost time injury frequency rate (LTIFR) improved by LTI 37 49 43 32% year on year from 0.50 to 0.34 per million hours LTIFR 0.34 0.50 0.46 worked Total recordable injury frequency rate (TRIFR) TRI 183 219 200 improved by 25% from 2.24 t
Slide 13: Improving safety in LATAM & Asia Pacific…
Improving safety in LATAM & Asia Pacific… Marked improvement in safety performance across the LATAM & AP region in 2020 Substantially beat target Improvements driven by Better communication, including; Weekly calls Knowledge sharing Making safety everyone’s business 2.5 Rate LATAM and Asia Pacific R
Slide 14: Social and Economic Development Highlights…
Social and Economic Development Highlights… 14
Slide 15: Social and Economic Development…
Social and Economic Development… We know that building and maintaining a social licence to operate is a critical factor in the success and long term sustainability of our business - we follow 3 main principles to generate our licence to operate These are simple concepts in theory, but it is their ex
Slide 16: Economic Development…I-80 Fund
Economic Development…I-80 Fund The I-80 Fund was established in response to the economic impacts of Covid-19 to provide support through relief and recovery loans to eligible small businesses along the Nevada I-80 corridor, specifically in Elko, Lander, Humboldt, and Eureka counties. To date, the I-8
Slide 17: North Mara Case Study…
North Mara Case Study… No one knows the needs of local communities better than those communities themselves - at each of our operational sites we have established CDCs with the local community, a model we developed and tested and have realized significant two-way benefits from over 25 years working
Slide 18: Indigenous Partners…
Indigenous Partners… Indigenous peoples often have profound and cultural connections to their lands and waters. This can be tied to their physical, spiritual, cultural and economic wellbeing Considering the values, needs and concerns of indigenous peoples in a site’s activities is therefore fundamen
Slide 19: Case Study…Integrating CDCs into the SEBA strengthens the relationship
Case Study…Integrating CDCs into the SEBA strengthens the relationship Our Hemlo mine in northwesten Ontario is on the traditional territories of the Anishnaabe (Ojibway) of Biigtigong Nishnaabeg and the Anishnaabe (Ojibway) Netmizaaggamig, Nishnaabeg (Pic Mobert) In 2020, we negotiated new partners
Slide 20: Case Study…Collaborative Agreement Update
Case Study…Collaborative Agreement Update Our operations in northern Nevada take place on or around the traditionally inhabited lands of the Native American tribes of this region Our relationship with the Native American tribes is very important and we focus on engagement, inclusion and collaboratio
Slide 21: Human Rights…our commitment to respect
Human Rights…our commitment to respect Respect for human rights is a foundational value at Barrick and a central part of our sustainability vision We have zero tolerance for human rights violations wherever we operate Our commitment to respect human rights is codified in our standalone Human Rights
Slide 22: Environment…
Environment… We manage our impacts on the natural environment both today and with future generations in mind Environmental stewardship is a fundamental responsibility of any modern mining company and a critical part of our business strategy Responsibly managing our environmental impacts not only red
Slide 23: Water…
Water… Our Exposure to Water Stress Steady, reliable access to water is critical to the effective operation of our mines Reducing the use of freshwater and protecting water quality, decreases our environmental footprint and helps us maintain community and stakeholder support We operate in diverse ge
Slide 24: Climate Strategy Development…
Climate Strategy Development… We recognize that climate change, including shifts in temperature, precipitation and more frequent severe weather events, could affect our operations in a range of possible ways Our goals over the short and medium term seeks to not only reduce our emissions, but to also
Slide 25: Climate Strategy…Scenario Analyses
Climate Strategy…Scenario Analyses Governance: Climate change is built into our formal risk management process, outputs of which were reviewed by the Audit & Risk Committee throughout 2020 Our Group Sustainability Executive is responsible for the development and implementation of our climate strateg
Slide 26: Climate Strategy…An Evolving Target
Climate Strategy…An Evolving Target In early 2020, we set a target to achieve an emissions reduction of at least 10% by 2030 (against the 2018 baseline that combined both legacy Barrick and Randgold data, as well as data from newly acquired assets at that time), while maintaining a steady production
Slide 27: Greenhouse Gas Emissions…Reduction Roadmap
Greenhouse Gas Emissions…Reduction Roadmap 2018 2020 2025 2030 7,541kt CO2e 6,410kt CO2e 5,279kt CO2e Interim emissions Emissions baseline 2020 reduction target of 15% reduction target of 30% Veladero power Loulo solar Kibali battery plant transmission, grid stabiliser, Pueblo Viejo Jabal Sayid expa
Slide 28: Our Climate Performance…
Our Climate Performance… Total Emissions Tonnes CO2e1 Our 2020 performance 8,000 7 668 7 541 7 351 7,000 1,014 Our total emissions in 2020 were 7,351.5kt of CO2e, which represents 2,145 6,000 a 2.5% decrease when compared with our total 2018 baseline 5,000 emissions of 7,541kt of CO2e 82% of our 202
Slide 29: Responsible Tailings Management and Dam Safety…
Responsible Tailings Management and Dam Safety… Our approach is set out in our Tailings and Heap Leach Management Standard and aligns with international best practice including the recently updated ICMM and Mining Association of Canada (MAC) guidelines Our Tailings and Heap Leach Management Standard
Slide 30: Case Study…North Mara TSF
Case Study…North Mara TSF Before When we assumed operational control of North Mara in September 2019, the Tanzanian National Environment Management Council (NEMC) had already shut down the TSF citing concerns regarding seepage The TSF was also holding significantly more water than design capacity Si
Slide 31: Biodiversity…
Biodiversity… Our aim is to play a positive role in the management of the biodiversity in the areas in which we operate Our approach is informed by international best practice, such as the guidelines set by the International Union for the Conservation of Nature (IUCN) and ICMM, including their Minin
Slide 32: Biodiversity Case Study…Nevada
Biodiversity Case Study…Nevada Greater Sage-Grouse habitat restoration and preservation Since 2017, we have collaborated with a range of partners including The Nature Conservancy, the US Fish and Wildlife Service, the Bureau of Land Management, the Nevada Department of Wildlife and the Nevada Sagebr
Slide 33: Update on Legacy Issues…
Update on Legacy Issues… When Barrick and Randgold merged at the start of 2019, the new management team was aware that there were a range of legacy issues which needed additional attention Since this merger, the team and operational level staff have worked to ensure these issues are satisfactorily r
Slide 34: Update on Legacy Issues…
Update on Legacy Issues… Pascua-Lama Project: Chilean environmental authority (SMA) suspended site works In 2020 following a legal process, Chile’s Antofagasta Environmental Court upheld the closure order and sanctions imposed by the SMA in 2018 Barrick confirmed that it would not appeal the Environ
Slide 35: 2021 Plans and Priorities…
2021 Plans and Priorities… Continue to work towards conformance with the World Gold Council’s Responsible Gold Mining Principles and ICMM’s Responsible Mining Principles with external assurance in Q4 2021 Implement our Climate Strategy at the site level and track site level targets Continue the adop
Slide 36: Endnotes…
Endnotes… i. Lost time injury frequency rate is a ratio calculated as follows: number of lost time injuries x 1,000,000 hours divided by the total number of hours worked. ii. Total recordable injury frequency rate is a ratio calculated as follows: number of recordable injuries x 1,000,000 hours divi