Voluntary Participation in Organizations & Initiatives
Newmont is involved in the following key voluntary assurance/reporting initiatives and management programs:
In addition, we believe that our voluntary participation in organizations and initiatives provides a framework for action, a means for measuring our performance, and helps us align our business objectives and performances through a shared understanding. We include brief descriptions of several such organizations and initiatives below.
United Nations Global Compact: The UN Global Compact is a multi-sector forum that brings together business and civil society to tackle human rights issues in a non-political and pragmatic way through the private sector. Newmont, which joined the Global Compact in 2004, is one of a small number of American companies that have committed to adhere to the UN Global Compact's 10 principles on human rights, bribery and corruption, labor and the environment. The GRI Content Index indicates the sections of the report that specifically address what Newmont has done toward upholding the 10 Global Compact principles.
United Nations Global Compact LEAD Program: The primary objective of Global Compact LEAD is to support leading UN Global Compact participants in their efforts to achieve higher levels of corporate sustainability performance - as outlined by the Blueprint for Corporate Sustainability Leadership - and give them proper recognition for doing so.
Voluntary Principles on Security and Human Rights: These principles assist companies in maintaining the safety and security of their operations within a framework that ensures respect for human rights. The principles also provide guidance for companies on identifying human rights and security risks, as well as engaging and collaborating with state and private security forces. Newmont's progress in implementing the Voluntary Principles is discussed in the Community section of this report under Security Management.
Extractive Industries Transparency Initiative (EITI): The EITI supports improved governance in resource-rich countries through the full publication and verification of company payments and government revenues from oil, gas and mining. The EITI is a multi-stakeholder group that draws support from government, companies, NGOs, investors and industry organizations. More than 20 national governments have committed to the EITI principles and criteria since its inception in 2003, including Peru and Ghana. Newmont's regional representatives have been working with these governments in their implementation of the EITI. Disclosure of Newmont's payments to various governments around the world can be seen under: Community, Taxes and Royalties.
Publish What You Pay: The Publish What You Pay campaign is a coalition of more than 300 NGOs that calls for the mandatory disclosure of payments made by extractive-resource businesses to governments for the extraction of natural resources. In this way, citizens of these countries and our host communities are made aware of the financial benefits flowing to them through royalties, taxes, and other revenue flows. Disclosure of Newmont's payments to various governments around the world can be seen under: Community, Taxes and Royalties.
Partnering Against Corruption Initiative: Corruption, such as the payment of bribes to government officials, can distort markets, stifle growth, and undermine the rule of law. Newmont is a participant in the World Economic Forum's Partnering Against Corruption Initiative Principles for Countering Bribery (PACI Principles). As a signatory to the PACI principles, Newmont commits to putting in place measures that will lessen corrupt behavior. These measures are included in Newmont's Anti-Corruption Manual. Employees are trained on the procedures in the manual and issues are discussed regularly in small group sessions around our organization. In 2009-2010, a full self-evaluation of the effectiveness of our Anti-Corruption program was conducted and revisions to the Manual were made.
Sullivan Principles: The goal of the Global Sullivan Principles of Social Responsibility is to have companies and organizations of all sizes, in widely disparate industries and cultures, working toward the common concepts of human rights, social justice and economic opportunity. To ensure that our employees embrace these concepts, they are required to perform in accordance with Newmont's Code of Ethics and Business Conduct. The GRI Content Index indicates the sections of the report that specifically address what Newmont has done toward upholding the Global Sullivan Principles.
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- The International Council on Mining & Metals' (ICMM) Sustainable Development Framework assurance procedure
- The Global Reporting Initiative
- The International Cyanide Management Institute's Cyanide Management Code
- AccountAbility's AA1000 Assurance Standard
- ISO 14001 and OHSAS 18000
- The Climate Registry
In addition, we believe that our voluntary participation in organizations and initiatives provides a framework for action, a means for measuring our performance, and helps us align our business objectives and performances through a shared understanding. We include brief descriptions of several such organizations and initiatives below.
United Nations Global Compact: The UN Global Compact is a multi-sector forum that brings together business and civil society to tackle human rights issues in a non-political and pragmatic way through the private sector. Newmont, which joined the Global Compact in 2004, is one of a small number of American companies that have committed to adhere to the UN Global Compact's 10 principles on human rights, bribery and corruption, labor and the environment. The GRI Content Index indicates the sections of the report that specifically address what Newmont has done toward upholding the 10 Global Compact principles.
United Nations Global Compact LEAD Program: The primary objective of Global Compact LEAD is to support leading UN Global Compact participants in their efforts to achieve higher levels of corporate sustainability performance - as outlined by the Blueprint for Corporate Sustainability Leadership - and give them proper recognition for doing so.
Voluntary Principles on Security and Human Rights: These principles assist companies in maintaining the safety and security of their operations within a framework that ensures respect for human rights. The principles also provide guidance for companies on identifying human rights and security risks, as well as engaging and collaborating with state and private security forces. Newmont's progress in implementing the Voluntary Principles is discussed in the Community section of this report under Security Management.
Extractive Industries Transparency Initiative (EITI): The EITI supports improved governance in resource-rich countries through the full publication and verification of company payments and government revenues from oil, gas and mining. The EITI is a multi-stakeholder group that draws support from government, companies, NGOs, investors and industry organizations. More than 20 national governments have committed to the EITI principles and criteria since its inception in 2003, including Peru and Ghana. Newmont's regional representatives have been working with these governments in their implementation of the EITI. Disclosure of Newmont's payments to various governments around the world can be seen under: Community, Taxes and Royalties.
Publish What You Pay: The Publish What You Pay campaign is a coalition of more than 300 NGOs that calls for the mandatory disclosure of payments made by extractive-resource businesses to governments for the extraction of natural resources. In this way, citizens of these countries and our host communities are made aware of the financial benefits flowing to them through royalties, taxes, and other revenue flows. Disclosure of Newmont's payments to various governments around the world can be seen under: Community, Taxes and Royalties.
Partnering Against Corruption Initiative: Corruption, such as the payment of bribes to government officials, can distort markets, stifle growth, and undermine the rule of law. Newmont is a participant in the World Economic Forum's Partnering Against Corruption Initiative Principles for Countering Bribery (PACI Principles). As a signatory to the PACI principles, Newmont commits to putting in place measures that will lessen corrupt behavior. These measures are included in Newmont's Anti-Corruption Manual. Employees are trained on the procedures in the manual and issues are discussed regularly in small group sessions around our organization. In 2009-2010, a full self-evaluation of the effectiveness of our Anti-Corruption program was conducted and revisions to the Manual were made.
Sullivan Principles: The goal of the Global Sullivan Principles of Social Responsibility is to have companies and organizations of all sizes, in widely disparate industries and cultures, working toward the common concepts of human rights, social justice and economic opportunity. To ensure that our employees embrace these concepts, they are required to perform in accordance with Newmont's Code of Ethics and Business Conduct. The GRI Content Index indicates the sections of the report that specifically address what Newmont has done toward upholding the Global Sullivan Principles.
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