Our Corporate Governance

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, the Code and policies 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.

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Key Corporate Policies

The policies that guide our workforce are the backbone of our performance. The following table describes our key policies, many of which can be found on our website.

Our Corporate Policies

Our Anti-Bribery and Anti-Corruption Policy elaborates on our zero tolerance for 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 in our Code of Conduct summarize what Goldcorp expects from each of us and provide valuable advice on how to conduct our work with integrity.

The 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 for developing meaningful and effective strategies for engaging with stakeholders, establishing grievance mechanisms, identifying socio-economic opportunities and making meaningful and sustainable contributions to the communities where we operate.

The 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 it 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 the 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 lifecycle. Through its implementation, we can effectively deliver on our commitments, measure and monitor our impacts, and achieve our vision of Together, Creating Sustainable Value.

Historically, the various components of sustainability – whether CSR, health and safety, security or environment – were 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 2016, we completed SEMS audits in four operating sites (Cerro Negro, Musselwhite, Porcupine and Éléonore) and established metrics for SEMS performance measurement and reporting. Under SEMS requirements, each site prepares action plans that consist of multiple tasks designed to address the audit findings. Moving forward, we will continue implementing SEMS standards across our sites, and will assess compliance with the system, strengths and areas of opportunity.

In response to requests from the mines for a better understanding of SEMS, we launched an online training module, Introduction to SEMS, to build awareness and understanding of the system’s purpose and standards, and how to apply SEMS. This training was a key part of ensuring we meet our annual sustainability requirements and was available to employees and contractors with access to computers. Over 3,000 employees and contractors completed the training. Moving forward, we will roll out SEMS course refreshers to our workforce.

SEMS Training in Action

In 2016, our Los Filos mine in Mexico underwent a two-week SEMS training session. Training began in early July, beginning with a theoretical understanding of SEMS. The team spent the first day of training focused on building a better understanding of the sustainability needs of Los Filos by challenging and assessing the site’s understanding of the SEMS standards and requirements. By the end of the first day, each member made a presentation on how Los Filos was complying with the different standards. They identified challenges and opportunities, as well as site-specific tools, procedures and processes required to address gaps and properly implement these standards.

This hands-on training approach created an inclusive and collaborative environment that encouraged participation from all members of the group. Having co-workers leading discussions on site-specific tools with concrete examples led to a lot of discussion and a better understanding of the system.

SEMS connects every task that is completed, at each site and at all levels of our organization. The system provides a systematic approach to the operational framework and ultimately leads to sites increasing their overall NAV.

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