Trends and Issues
Global sources of fresh water are declining and the cost and availability of energy is on the rise. Climate change impacts to water levels, weather patterns and ecosystems are influencing society in new ways. In addition, mine waste management is the focus of heightened public scrutiny throughout the industry as a result of major tailings dam failures in recent years. As awareness of all these issues grows, there will be pressure on the extractives industry for increased regulatory requirements, greater transparency and innovation.
Through our materiality process, we have identified the following to be our material topics relating to Environmental Stewardship:
|Material topics||At Goldcorp, this means|
|Energy management and climate change||Reducing energy consumed and greenhouse gas (GHG) emissions. Investing in alternative energy sources for operational efficiencies and cost savings (e.g., solar, wind, etc.).|
|Water management||Optimizing water consumption and discharge while maximizing water quality.|
|Waste and hazardous materials management||Managing the sourcing, transport, use and disposal of waste, including recycling and tailings management.|
|Environmental compliance||Ensuring the highest standards of integrity and compliance with applicable laws, regulations and company policies.|
|Biodiversity management||Integrating long-term sustainable approaches to support biodiversity. Contributing to integrated approaches to land use, from development through operation and closure
(e.g., alterations of landscape, vegetation removal and wildlife habitats). Actively reclaiming land and safely restoring legacy assets and dormant properties.
Why is This Important to Our Stakeholders?
Stakeholders want to be sure that we are avoiding or managing and mitigating the environmental impacts of our operations. They recognize the importance of the earth and its resources to both our operations and their own livelihoods. For many of our stakeholders, water and energy efficiency are top priorities. Topics such as climate change, water availability, and environmental spills and tailings dam breaches are common concerns.
Why is This Important to Goldcorp?
We are committed to the efficient use of natural resources and we understand the importance of these natural resources to us and to our stakeholders. We also recognize that without proper care, we cannot operate. A successful company must be more than just economically profitable in the short term – the company must sustain success through closure, and this success is based on multiple factors beyond economic profit. Our environmental stewardship strategies are integral to the sustainability of our company.
Our strategy is to identify and proactively mitigate and manage our environmental impacts. We have embedded our strategy in our Sustainability Excellence Management System (SEMS), which provides us with a standardized, systematized approach to environmental management in key areas, including specific strategies for Water Stewardship, Energy Management and Tailings Stewardship.
Policies and Guidance
We maintain an Environmental and Sustainability Policy that commits to the protection of life, health and the environment for present and future generations.
We developed the Sustainability Excellence Management System (SEMS), which includes the Environmental and Sustainability Policy and 11 standards specific to Environment.
At the Board level, the Sustainability, Environment, Health and Safety Committee oversees our environmental impacts and activities (see the section on Board Oversight of Sustainability for more information on the role of this committee). Our technical and strategic environmental programs are headed by the Vice President of Environment, who reports to the Senior Vice President of Sustainability. Each of our regions has subject matter–specific expert directors who report to Regional Vice Presidents.