November 2008

Leading the way in sustainability

Three mining industry majors make it to the Dow Jones Sustainability Index

By M. Kerawala

Launched in 1999, the Dow Jones Sustainability Indexes (DJSI) measure and rank companies’ commitment to sustainability, a concern that has become as important to responsible businesses as growth and profitability. The indexes assess companies on a wide range of economic, environmental and social performance indicators. So rigorous are the DJSI that only 10 per cent of the world’s 2,500 largest companies assessed annually make the grade.

This year, Vancouver-based Teck and Toronto-based Barrick Gold were named to the North American DJSI. For Teck, this was a first appearance on the DJSI, while for Barrick, the laurel coincided with its 25th anniversary.

Teck president and CEO Don Lindsay said that this was “an important validation of our ongoing efforts to build a company that is trusted and respected for its financial, social and environmental performance.” A signatory to the United Nations Global Compact, Teck approaches sustainability holistically with economic, environmental and social performance considerations pervading all operations.

Peter Kinver, Barrick executive vice president and COO, remarked, “There is a direct connection between Barrick’s success as a gold mining company and our commitment to responsible mining. Today our corporate social responsibility programs are bringing enduring benefits to communities where we operate, and support sustainable development and environmental stewardship on five continents.”

Clearly, Teck and Barrick Gold represent the best and stand as inspirations to their peers in the mining production, exploration and supply industries.

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