Our values are reinforced through good governance and strong leadership. We implement these values through our internal systems and corporate policies and guidance. All of our employees and contractors must comply with our Code of Conduct and related corporate policies. Together, these ensure that best industry standards and ethical practices are implemented throughout the organization, and that we are in compliance with all applicable regulations and standards. Acting ethically is a Goldcorp value, and the Code is intended to help us achieve and maintain our commitment to act with integrity.
Our Code of Conduct is Goldcorp’s commitment to acting ethically and a key component of our company’s values. It is intended to be more than just a policy; it is a tool to help us achieve and maintain our commitment to acting ethically and with integrity. It is applicable to all employees and contractors.
Key Corporate Policies
The policies that guide our workforce are the backbone of our performance. A description of key policies is in the following table and some of these policies can be found on our website.
|Goldcorp’s Corporate Policies|
|Our Anti-Bribery and Anti-Corruption Policy further elaborates on Goldcorp’s zero tolerance to bribery and corruption by outlining specific prohibition of commercial and public bribery as well as facilitation payments. The policy also includes specific compliance requirements for gifts and entertainment, political and charitable contributions, third-party risk management and transparency of our books and records.|
|The principles included in our Code of Conduct summarize what Goldcorp expects from each of us and provides valuable advice on how to conduct our work with integrity.|
|Our Goldcorp Investment Framework (GIF) provides direction over major investments decisions that meet our financial and operational criteria, including sustainability considerations. It helps guide our investment decisions to allocate capital to projects with the highest, risk-adjusted rates of return. The Framework ensures investments are aligned with our vision, pillars and values and achieve optimal shareholder value based on a consistent and sustainable decision-making framework.|
|Our Corporate Social Responsibility Policy provides guidelines to develop meaningful and effective strategies for engaging with stakeholders, establish grievance mechanisms, identify socio-economic opportunities and make meaningful and sustainable contributions to the communities where we operate.|
|Our Disclosure, Confidentiality and Insider Trading Policy ensures that we meet our obligations under securities laws and stock exchange rules. The policy includes guidelines on disclosure of material information, the confidentiality of undisclosed material information and the preparation and release of communications made on Goldcorp’s behalf. It prohibits anyone from trading in our securities when that person is in possession of material, non-public information and provides for the imposition of trading blackout periods.|
|Our Diversity Policy commits us to workplace diversity and sets out the guidelines by which we will endeavour to increase diversity throughout the company, including at the Board level.|
|Our Donations Policy establishes guidelines for the administration of our corporate giving program. It outlines the four key areas of priority for philanthropic activities, which include education, health, community development, and arts and culture.|
|The Environmental and Sustainability Policy states that Goldcorp and our subsidiaries are committed to the protection of life, health and the environment for present and future generations. Resources will be focused to achieve shareholder value without neglecting our commitment to sustainable development. The needs and culture of the local communities will be respected.|
|The Human Rights Policy commits us to integrate human rights best practices into all of our business and decision-making processes. The policy mandates that we operate in a way that respects human rights of employees and the communities in which we operate. International humanitarian laws were consulted in developing the policy and it includes our commitment to seek to establish constructive dialogues and partnerships with a variety of stakeholders on human rights performance.|
|The Occupational Health and Safety Policy ensures that we develop and implement effective management systems to: identify, minimize and manage health and safety risks; promote and enhance employee commitment and accountability; provide training and information; strive for continuous improvement by setting targets and measuring results; and provide the resources to achieve a safe and healthy work environment.|
|The Security Policy commits us to respecting human rights and promoting the Voluntary Principles on Security and Human Rights.|
Sustainability Excellence Management System (SEMS)
At Goldcorp, sustainability is both a foundational component and functional element that applies company-wide.
Created and rolled out in 2014, the SEMS is our integrated management system for Safety and Health, Environment, Corporate Social Responsibility (CSR) and Security. Composed of a framework and clearly defined standards, the SEMS provides organizational structure, responsibilities and practices for implementing and maintaining a desired level of sustainability performance. It is designed to apply across the entire mining life cycle. Through its implementation, we will be able to deliver on our commitments, measure and monitor our lasting positive impact and achieve our vision of Together, Creating Sustainable Value.
Historically, the various components of sustainability – whether it was CSR, health and safety or environment – have been viewed as separate responsibilities. SEMS incorporates sustainability into our core business at all levels, so that our workforce understand they all have a role to play in implementing sustainability at Goldcorp.
In 2014, we rolled out the system and built the capacity for a rigorous monitoring and reporting process. Since then, we have conducted six internal audits. These audits provided insight into the practicality and status of the integration of the standards into our daily operations.