Bureau Veritas North America was engaged to provide independent external assurance to the stakeholders of Barrick Gold Corporation over its 2010 Responsibility Report and also assess Barrick’s progress on corporate responsibility issues.
Building on the previous year, the assurance process was designed to further our understanding of how Barrick identifies its material risks and emerging issues in a changing environment, and to assess Barrick’s implementation of, and performance against the ICMM Sustainable Development Principles, Subject Matters and Position Statements.
Provide reasonable assurance over the stated content of the 2010 Responsibility Report including representations on the Barrick website;
Provide impartial commentary on Barrick’s alignment with ICMM Sustainable Development Principles, Position Statements and Subject Matters;
Acknowledge improvements from previous reporting years;
Propose recommendations for future development.
Barrick recognizes the need for a robust, transparent assurance process to ensure continued credibility with stakeholders and to act as a tool to drive continual performance improvement. Therefore, in addition to our commentary on the reporting processes, we provided further recommendations based on this period’s assurance in a separate detailed report to the management of Barrick.
A review of relevant activities undertaken by Barrick over the reporting period January 1, 2010 through December 31, 2010;
A review of information about Barrick’s performance data, case studies and the underlying management systems for relevant information and data;
A review of disclosures reported under the GRI G3 Sustainability Reporting Guidelines;
Observations to assess alignment with ICMM Sustainable Development Principles, Subject Matters and Position Statements;
Interviews with internal staff and external stakeholders who have relevant input or opinions about Barrick’s performance during the reporting period.
To conduct the assurance, we undertook the following:
Excluded from the scope of our work is information relating to:
This independent statement should not be relied upon to detect all errors, omissions or misstatements that may exist. It represents our professional judgment based on the broad sample of interviews, observations and data.
Based on the work we performed, it is our opinion that:
It is our opinion the 2010 Responsibility Report has been prepared in accordance with the GRI Reporting Framework, including appropriate consideration of the Reporting Principles and necessary indicators to meet the requirements of GRI Application Level A+.
It is our opinion that Barrick continues to align its operations and activities with the ICMM Sustainable Development Principles. We observed evidence to support the conclusion that the five ICMM Subject Matters have been substantially addressed.
In 2010 Barrick implemented a formal and comprehensive High Level Risk Assessment process across all its operations. The result is that material issues at all levels have been fully documented and are discussed in the 2010 Responsibility Report.
Bureau Veritas is an independent professional services company that specializes in quality, health, safety, social and environmental management advice and compliance with over 180 years history in providing independent assurance services and an annual turnover in 2010 of EUR 3.1 billion.
Bureau Veritas has implemented a Code of Ethics across its business which ensures that all our staff maintains high standards in their day to day business activities. We are particularly vigilant in the prevention of conflicts of interest.
Bureau Veritas has no other commercial contracts with Barrick. Our assurance team does not have any involvement in any other projects with Barrick outside those of an independent assurance scope and we do not consider there to be a conflict between the other services provided by Bureau Veritas and that of our assurance team.
Our assurance team completing the work for Barrick has extensive knowledge of conducting assurance over environmental, social, health, safety and ethical information and systems, and through its combined experience in this field, an excellent understanding of good practice in corporate responsibility reporting and assurance.
Bureau Veritas North America