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).