Message from the CEO
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At Goldcorp, we are guided by our vision: Together, creating sustainable value, which means that in partnership with our stakeholders, we conduct our business with an unyielding commitment to lasting social progress and economic growth for all stakeholders: our shareholders, our people, and all of the individuals, families, communities, and regions where we operate.
Every day and every place Goldcorp operates, we are part of people’s lives. We are one company, but we play a role in thousands of stories. And the benefits of our business can only be sustained if we listen to, become a part of and tell the stories of the people and communities in which we live and work. We work very hard to be “Responsible, Respected and Welcomed” everywhere we do business, from the first days of project exploration through the years of mining and processing, and through the reclamation and rehabilitation process following the closure of a mine. We remain diligent in protecting our workers' health and safety, just as we are in environmental stewardship and in advancing the socio-economic development of local communities.
This Sustainability Report is a summary of our corporate social responsibility (CSR) progress, and includes statistics on selected measures of the Global Reporting Initiative (GRI) related to those CSR issues that are of interest or concern to our stakeholders, and are essential to our business strategy. I hope it will be evident, throughout this report, that sustainability and CSR efforts are not an afterthought or a public-relations gesture, but are fundamental to our operating philosophy. Working to make sure that the value our operations create is both shared and sustained is not just good business, it is the right thing to do.
In 2011, for the first time, we established a company-wide energy strategy, with a five-year horizon and clear, measurable targets for increasing energy efficiency, increasing our use of renewable energy sources, and decreasing greenhouse gas emissions. All of our nominated mines are now operating with International Cyanide Management Code certification and are held accountable to internationally-accepted standards, including the Extractive Industries Transparency Initiative.
In Guatemala, 2011 saw a major breakthrough in community relationships for the Marlin mine. In December we announced that the Inter-American Commission on Human Rights removed the suspension of Marlin operations from the precautionary measures it issued to the Government of Guatemala in 2010. Independent investigations have demonstrated what we at Goldcorp have known all along: that Marlin has not damaged the environment or the health of the communities in the mine’s vicinity. We are proud of the contributions our operations have made in the local communities near Marlin and continue to develop stronger partnerships with our stakeholders in the area and beyond.
As the youngest senior mining company in Canada, we are proud to be an industry leader in our CSR practices, even beyond the mine’s life cycle. In Honduras, for example, where our San Martin mine ceased production years ago, we transformed a former open pit/heap leaching operation into a productive ecotourism site with a working farm and hotel that provides a source of sustainable jobs, skills training and hub for new investment in the area. As this sustainable economic development progresses, we continue to support the educational facilities that we built for the community, to support teachers for local elementary schools, and to fund student scholarships.
Near the Porcupine mine in Timmins, Ontario, where we inherited the responsibility for an abandoned historical mine site, our environmental teams worked with the local Aboriginal community on a major reclamation project. The land was stabilized, covered and planted with native grasses, trees and shrubs, and is now a flourishing habitat for bears and honeybees. The project was awarded the National 2011 Tom Peters Reclamation Award through the Canadian Land Reclamation Association.
This year our focus on partnerships grew significantly when we went from being a financial supporter of World Wildlife Fund’s research to being an active participant: one of our environmental engineers at the Los Filos mine was seconded to the WWF’s Vancouver office. At our cost, she assisted the WWF in a precedent-setting study into gold mining’s water footprint, with the objectives of increasing awareness of mining’s dependence on water, and working with the industry to mitigate environmental impact through more sustainable practices. Our goal is to gain deeper knowledge of the most efficient water usage to reduce consumption in every region where we operate.
Our emphasis on safety training and the importance of making every operation “Safe Enough for Our Families” cannot be overstated. The overall statistics are encouraging: incident rates fell by 30% in 2011, the largest single-year drop in five years and several sites achieved multi-million hour incident-free results. Our overall “Best Safety Performance” was, for the third consecutive time, awarded to Los Filos in Mexico, whose safety diligence deserves every commendation. In spite of these results, there were four fatalities at Goldcorp operations in 2011. On behalf of the entire organization, I would like to express my sincere sympathy and extend our condolences to the workers’ families, friends and communities. We remain committed to continued diligence in upholding safe operating practices, every single day.
I would like to personally thank the employees of Goldcorp for their high standards in safety, environmental performance and community relations. As we move ahead, we will continue to refine our policies and performance, to ensure that Goldcorp continues to deliver on the economic, social and cultural promise of Sustainable Prosperity.
President and Chief Executive Officer, Goldcorp