About This Report

A Goldcorp employee in a hard hat operates heavy machinery at a job site

Open and transparent communication is key to how we operate and is embodied in our annual Sustainability Report. Each report is a milestone on our sustainability journey that not only shows our stakeholders how far we’ve come but also demonstrates the opportunities that lie ahead.

Scope and Content

Information in this report covers the 2017 calendar year, which coincides with our financial year. We report annually on our sustainability performance. Our previous Sustainability Report covered the 2016 calendar year and was published in July 2017. In this year's report we have included select site-specific data for 2017 focusing on our material topics performance data. Moving forward we will continue to follow this practice and will be able to show year-over-year trends.

This report follows the requirements of the Global Reporting Initiative (GRI) Standards, and aligns with the principles established by the United Nations Global Compact (UNGC) and the International Council on Mining & Metals (ICMM). This year’s report has been prepared in accordance with the GRI Standards: Core option. Under the GRI Standards, companies must focus their reporting on topics that reflect an organizations economic, environmental and social impacts and/or substantively influence the decisions of stakeholders. Following these standards, we have determined a number of topics relevant to Goldcorp in 2017. These can be found in our Materiality Matrix. More information on the organizations mentioned above can be found on the GRI, the UNGC, and the ICMM websites.

This report is accessible in three formats: an online version, a downloadable PDF and a printed publication. To receive a printed publication, please contact us. All versions of our report contain a GRI index to show the GRI indicators used and where they can be found within the report.

To learn more about our level of reporting on GRI Indicators, please visit our download centre.

Boundary and Limitations

This report focuses on the seven Goldcorp-managed sites that were in operation during 2017. These seven sites are in four countries: Canada, Mexico, Guatemala and Argentina. Data that are reported in the following sections adhere to the reporting procedures utilized in our Management’s Discussion and Analysis (MD&A) for the year ended December 31, 2017: About Us, Our Company, Contributions to and from Government, and Mine Closure. Some data, where noted, are non-GAAP measures on an attributable basis, which include discontinued operations and our share of Alumbrera and Pueblo Viejo.

The table below summarizes our sites as of December 31, 2017. There were no specific limitations on the scope or boundary of this report.

Site Location Type of Site Ownership % Information Reported
Canadian Operations

Éléonore

Quebec, Canada

Operation

100%

Fully reported

Musselwhite

Ontario, Canada

Operation

100%

Fully reported

Porcupine Gold Mines

Ontario, Canada

Operation

100%

Fully reported

Red Lake Gold Mines

Ontario, Canada

Operation

100%

Fully reported

Latin American (LATAM) Operations

Cerro Negro

Santa Cruz, Argentina

Operation

100%

Fully reported

Marlin

Guatemala

Operation/Closed

100%

In production until May 31, 2017. Information included for the full year where appropriate.

Peñasquito

Zacatecas, Mexico

Operation

100%

Fully reported

Exploration Projects

Borden

Ontario, Canada

Exploration Project

100%

Select data reported, where noted.

Century

Ontario, Canada

Exploration Project

100%

Select data reported, where noted.

Camino Rojo

Zacatecas, Mexico

Exploration Project

100%

Sold in 2017 to Orla Mining Limited. Select data reported, where noted.

Cerro Blanco

Guatemala

Exploration Project

100%

Sold in 2017 to Bluestone Resources Inc. Select data reported, where noted.

Cochenour

Ontario, Canada

Exploration Project

100%

Select data reported, where noted.

Coffee

Yukon, Canada

Exploration Project

100%

Select data reported, where noted.

Closed

El Sauzal

Chihuahua, Mexico

Closed

100%

Select data reported, where noted.

Equity Silver

British Columbia, Canada

Closed

100%

Select data reported, where noted.

San Martin

San Ignacio, Honduras

Closed

100%

Select data reported, where noted.

Divested

Los Filos

Guerrero, Mexico

Divested

100%

Sold in 2017 to Leagold Mining Corporation. As we no longer have operational control, we have not included it in our 2017 report.

Operation – Joint Ventures

Alumbrera

Catamarca, Argentina

Operation – Joint Venture

37.5%

Managed by Glencore plc. Select data reported, where noted.

Pueblo Viejo

Dominican Republic

Operation – Joint Venture

40%

Managed by Barrick Gold Corporation. Select data reported, where noted.

Exploration Project – Joint Ventures

NuevaUnión

Atacama, Chile

Exploration Project – Joint Venture

50%

50/50 Joint Venture with Teck Resources. Select data reported, where noted.

Norte Abierto

Atacama, Chile

Exploration Project – Joint Venture

50%

50/50 Joint Venture with Barrick Gold Corporation. Select data reported, where noted.

Assurance

We engaged Ernst & Young LLP (“EY”) to provide limited assurance on selected assertions and selected performance information included in our Sustainability Report for the year ended December 31, 2017. For a PDF version of the assurance statement, please visit our download centre.

To the Management of Goldcorp Inc. (“Goldcorp”):

Scope of our engagement

Goldcorp is a member of the International Council on Mining & Metals (“ICMM”) and is therefore committed to obtaining assurance over specified assertions in its Sustainability Report in accordance with ICMM’s Sustainable Development (“SD”) Framework: Assurance Procedure.

We have been engaged to provide limited assurance on the selected assertions and selected performance information below included in Goldcorp’s Sustainability Report forthe year ended 31 December 2017(the “Sustainability Report”). Our limited assurance engagement was performed in accordance with the International Standard on Assurance Engagements 3000 Assurance Engagements other than Audits or Reviews of Historical Financial Information (“ISAE 3000”), the International Standard on Assurance Engagements 3410 Assurance Engagements on Greenhouse Gas Statements (“ISAE 3 410”), and the ICMM SD Framework: Assurance Procedure. This engagement was conducted by a multidisciplinary team including assurance and sustainability practitioners.

Selected assertions

  • ICMM Subject Matter 1: Goldcorp’s assertion that it has aligned its sustainability policies and procedures withthe 10 ICMM SD Principles and associated mandatory requirements set out in the 8 ICMM Position Statements in effect as at 31 December 2017
  • ICMM Subject Matter 2: Goldcorp’s assertion that its material SD risks and opportunities are based on its own review of the business and the views and expectations of its stakeholders.
  • ICMM Subject Matter 3: Goldcorp’s assertion regarding the existence and status of implementation of systems and approaches used to manage the material SD risks and opportunities (or, “topics”) as stated in the Sustainability Report.
  • ICMM Subject Matter 4: Goldcorp’s assertion regarding the following Specified Performance Indicators as defined by the Global Reporting Initiative Standards (“GRI Standards”):
    • 303-1: Water withdrawal by source
    • 303-3: Water recycled and used
    • 305-1: Direct greenhouse gas (“GHG”) emissions (Scope 1)
    • 305-2: Energy indirect GHG emissions (Scope 2)
    • 413-1: Percentage of operations with implemented local community engagement, impact assessments, and development programs.
  • ICMM Subject Matter 5: Goldcorp’s assertion regarding the Sustainability Report being in accordance with the core option of the GRI Standards as well as the GRI G4 Mining and Metals Sector Disclosures (“MMSD”).

Criteria

  • ICMM Subject Matter 1: ICMM’s 10 SD Principles and the mandatory requirements set out in the 8 ICMM Position Statements.
  • ICMM Subject Matter 2: Goldcorp’s material SD risks and opportunities based on its review of the business and the views and expectations of its stakeholders in line with GRI Standards.
  • ICMM Subject Matter 3: Goldcorp’s description of systems and approaches used to manage its material SD risks and opportunities and the implementation of these systems and approaches.
  • ICMM Subject Matter 4: The GRI Standards reporting criteria for specified disclosures 303-1; 303-3; 305-1; 305-2; 413-1, as well as The Greenhouse Gas Protocol - A Corporate Accounting and Reporting Standard – Revised Edition (2012) published by the World Resources Institute and the World Business Council for Sustainable Development (the “GHG Protocol”).
  • ICMM Subject Matter 5: The GRI Standards and the GRI G4 MMSD.

Goldcorp management’s responsibilities

The Sustainability Report was prepared by the management of Goldcorp, who is responsible for the integrity of the assertions, statements, and claims made therein (including the assertions over which we have been engaged to provide limited assurance), the collection, quantification and presentation of the Specified Performance Indicators and the selection of and adherence to the stated criteria. In addition, Goldcorp management is responsible for the identification of stakeholders and the determination and prioritization of material topics based on its review of the business and the views and expectations of its stakeholders.

Goldcorp management is responsible for maintaining adequate records and internal controls that are designed to support the reporting process and ensure that the Sustainability Report is free from material misstatement whether due to fraud or error.

Our independence and quality control

In accordance with International Standards on Quality Control 1, EY maintains a comprehensive system of quality control including documented policies and procedures regarding compliance with ethical requirements, professional standards and applicable legal and regulatory requirements.

We have complied with the independence and ethical requirements of the Code of Ethics for Professional Accountants issued by the International Ethics Standards Board for Accountants, which is founded on fundamental principles of integrity, objectivity, professional competence and due care, confidentiality and professional behavior.

Limitations

Our scope of work did not include providing conclusions in relation to:

  • The appropriateness of the criteria for the purposes described above.
  • The completeness or accuracy of information relating to areas other than the subject matters.
  • Information reported by Goldcorp other than in its Sustainability Report, such as information contained on its website.
  • Any comparisons made by Goldcorp against historical data.
  • Management’s forward-looking statements.

Assurance procedures

The procedures performed in a limited level assurance engagement vary in nature and timing from and are less in extent than those in a reasonable level assurance engagement. Consequently, the level of assurance obtained in a limited level assurance engagement is substantially lower than the assurance that would have been obtained had we performed a reasonable level assurance engagement. Accordingly, we do not express a reasonable assurance opinion that specified assertions in Goldcorp’s Sustainability Report have been fairly presented, in all material respects, in accordance with the criteria.

Our limited assurance procedures for the subject matters included but were not limited to:

  • Interviewing a selection of staff and management, including senior executives, to gain an understanding of (1) the status of implementation of the ICMM SD Principles into Goldcorp’s own strategy and policies and (2) Goldcorp’s identification of SD risks and opportunities as determined through its review of the business and the views and expectations of its stakeholders.
  • Reviewing selected documented policies and procedures and assessing alignment with 10 ICMM SD Principles and other mandatory requirements set out in the 8 ICMM Position Statements.
  • Reviewing the Sustainability Report to determine whether (1) the description of the stakeholder engagement process is consistent with our understanding of the process based on the procedures we performed; (2) the material topics identified during our procedures have been adequately disclosed; and, (3) Goldcorp has reported on its systems and approaches utilized to manage selected material SD risks and opportunities and whether their description is consistent with our understanding of those processes based on the procedures we performed.
  • Interviewing selected personnel responsible for the Specified Performance Indicators to gain an understanding of the data collection and collation process.
  • Undertaking analytical procedures and substantive testing on a limited sample basis over the Specified Performance Indicators.
  • Reviewing the Sustainability Report content for the disclosure of performance information around the selected material SD risks and opportunities.

The sites selected for testing are representative of Goldcorp’s diverse geographic locations. The sites visited included:

  • Éléonore, Quebec, Canada
  • Peñasquito, Zacatecas, Mexico

Our conclusion

Subject to the section on limitations above and on the basis of our procedures for this limited assurance engagement, we conclude that nothing has come to our attention that causes us to believe that the five subject matters are not, in all material respects, fairly presented in accordance with the stated criteria.


Ernst & Young LLP
Chartered Professional Accountants
Vancouver, Canada
24 May 2018

Thank You

We would like to thank everyone who has provided guidance on this process and contributed to this report, including site and corporate staff and management, our Board of Directors and the internal and external stakeholders who participated in the materiality analysis process. This report is a product of a great deal of collaboration and effort from individuals who are passionate about the work we do, sustainability and increasing our transparency.

Quisiéramos agradecer a todos aquellos que han brindado orientación sobre este proceso y han contribuido con este informe, incluidos el personal y la administración corporativo y del sitio, nuestra Junta Directiva y las partes interesadas internas y externas que participaron en el proceso de análisis de materialidad. Este informe es producto de una gran cantidad de colaboración y esfuerzo por parte de personas apasionadas por el trabajo que hacemos, la sustentabilidad y el aumento de nuestra transparencia.

Nous tenons à remercier toutes les personnes qui ont servi de guide sur ce processus et qui ont contribué à ce rapport, y compris les employés et les dirigeants des sites et du siège social, notre conseil d’administration et les parties prenantes internes et externes qui ont participé au processus d’analyse d’importance. Ce rapport est le produit de nombreuses collaborations et d’efforts considérables d’individus qui sont passionnés par le travail que nous faisons, par le développement durable et par l’augmentation de notre transparence.