Le Lézard
Classified in: Mining industry
Subject: Environmental, Social, and Governance Criteria

Kinross releases 2022 Sustainability and ESG Report


TORONTO, May 09, 2023 (GLOBE NEWSWIRE) -- Kinross Gold Corporation (TSX:K; NYSE:KGC) ("Kinross" or the "Company") is pleased to announce the publication of its 2022 Sustainability and ESG Report (the "Report"), providing a comprehensive summary of the Company's progress over the past year in furthering its Environmental, Social and Governance (ESG) strategy.

"Sustainability is a critical component of our business and every facet of our operations at Kinross," said J. Paul Rollinson, President and CEO. "Building on the solid sustainability foundation we've established over three decades, we have updated our ESG strategy, focusing on three pillars: Workforce and Community, Natural Capital, and Climate and Energy. We see each pillar as a key focus area for us, with short and long term performance targets embedded into our business. Our updated ESG strategy and sharpened focus will enhance the management of our social and environmental performance in a transparent, collaborative, and responsible manner, generating long term value for our stakeholders."

Kinross' Sustainability and ESG Report, now in its 15th year, provides a comprehensive update to the Company's stakeholders on the progress made in 2022, and what the Company aims to achieve in 2023 and beyond. Kinross' 2022 Sustainability and ESG Report, available at https://www.kinross.com/2022-Sustainability-and-ESG-Report/, details the Company's approach to responsible mining that underpins its operational success. The foundation of Kinross' ESG governance structure is its core values, commitment to key international frameworks and standards, and Safety and Sustainability Policy, which grounds the Company's First Priorities and its commitment to environmental stewardship, social responsibility and governance.

In 2022, Kinross strengthened its oversight of the ESG function with the establishment of an ESG Executive Committee, which has taken a leadership role in ESG risk management, enhanced transparency and reporting, as well as identifying ESG opportunities within the business. Additionally, Kinross enhanced its ESG metric in the executive short-term incentive compensation plan by increasing its weighting from 20% to 25% with the addition of a new ESG initiative metric. This metric focused on updating the Company's ESG strategy and diversity action plan and, in 2023, will focus on the Tasiast solar plant, climate studies, Kinross' diversity strategy, and supply chain governance. The Company believes this is a logical progression as it identifies performance goals for its key ESG initiatives.

Kinross further enhanced its ESG governance by obtaining external assurance on our conformance with the Responsible Gold Mining Principles (RGMP) established by the World Gold Council. The Company also obtained external assurance on selected ESG metrics. We continued to strengthen our ESG Governance with the establishment of a human rights taskforce, which is developing an action plan for 2023 and beyond.

The Company's 2022 ESG highlights and achievements contained in the Report include the following: 

Workforce and Community

Natural Capital

Climate and Energy

Recognition

About Kinross Gold Corporation

Kinross is a Canadian-based global senior gold mining company with operations and projects in the United States, Brazil, Mauritania, Chile and Canada. Our focus on delivering value is based on our core principles of responsible mining, operational excellence, disciplined growth and balance sheet strength. Kinross maintains listings on the Toronto Stock Exchange (symbol:K) and the New York Stock Exchange (symbol:KGC).

Media Contact
Victoria Barrington
Senior Director, Corporate Communications
phone: 416-369-6469
[email protected]

Investor Relations Contact
Chris Lichtenheldt
Vice-President, Investor Relations
phone: 416-365-2761
[email protected]

ESG Contact
Dominic Channer
Vice-President, Community Relations & ESG
phone: 416-892-8771
[email protected]

Source: Kinross Gold Corporation



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