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 comply with applicable regulations and standards. Acting ethically is a fundamental element of our value of Being Responsible, and the Code is intended to help us achieve and maintain our commitment to act with integrity.

Hover over below for more information

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 bribery as well as facilitation payments. The policy, together with its applicable standards, also includes specific compliance requirements for gifts and entertainment, political and charitable contributions, third party risk management and transparency of our accounting books and records.

The principles in our Code of Conduct summarize what we expect from our workforce and provide valuable advice on how to conduct our work with integrity.

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 in which we operate. In 2017 we developed an overarching Sustainability Policy combining our health, safety, environment and social performance, which was rolled out at the beginning of 2018.

The Human Rights Policy commits us to integrating human rights best practices into all of our business and decision-making processes. International humanitarian laws were consulted in developing the policy. The policy mandates that we operate in a way that respects the human rights of employees and the communities in which we operate and respects the rights, interests, perspectives and traditions of Indigenous Peoples. It includes our commitment to seek to establish constructive dialogues and partnerships with a variety of stakeholders on human rights performance.

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 guarantees that they achieve optimal shareholder value based on a consistent and sustainable decision-making framework.

The Disclosure, Confidentiality and Insider Trading Policy is an important component of our securities laws and stock exchange rules compliance process. The policy includes guidelines on disclosure of material information, the confidentiality of undisclosed material information and the preparation and release of communications made on our 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.

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 cultures of the local communities will be respected. In 2017 we developed an overarching Sustainability Policy combining our health, safety, environment and social performance, which was rolled out at the beginning of 2018.

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. In 2017 we developed an overarching Sustainability Policy combining our health, safety, environment and social performance, which was rolled out at the beginning of 2018.

The Security Policy commits us to respecting human rights and promoting the Voluntary Principles on Security and Human Rights.

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. In 2017 we developed a Diversity and Inclusion Policy which was rolled out at the beginning of 2018.

Our Community Contributions Policy establishes requirements for donations, sponsorships, sustainability funds and investments – made in and/or with local communities, stakeholder groups and community partners – to help us make a meaningful impact in the areas in which we have a presence.

Sustainability Excellence Management System (SEMS)

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, safety and health, security or environment – were viewed as separate responsibilities. SEMS incorporates sustainability into our core business at all levels, so that everyone at Goldcorp understands they all have a role to play in implementing sustainability throughout our company.

As part of the SEMS Sustainability Compliance Assurance Standard, sites conduct a SEMS compliance self-assessment at least once between each audit. As determined by our multi-annual planning cycle, in 2017, Peñasquito, Musselwhite, Red Lake and the Coffee project completed compliance self-assessments. In addition, Equity Silver and Marlin completed a SEMS compliance audit. Under SEMS requirements, each site prepares action plans that consist of multiple tasks designed to address the audit or self-assessment findings. These action plans are prioritized based on the severity of the findings and are approved by each audit team. SEMS leadership provides oversight on each site’s audits and self-assessments. Corporate and sites work together to make adjustments as needed based on these 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 2017, we developed and implemented the Sustainability Performance Index (SPI) to measure both the adoption of SEMS practices and performance in certain key areas of sustainability. The SPI consists of groupings of various indicators that have been developed based on our current level of maturity. Performance is tracked on a monthly basis. The SPI is also used to monitor the progress on the SEMS action plans discussed above. Moving forward the SPI score will be reflected in the company’s overall scorecard, leading to integration of sustainability performance with compensation practices.

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 net asset value (NAV).

Hover over below for more information