| 2011 Targets and Objectives |
2011 Performance |
2012 Targets and Objectives |
| GOVERNANCE AND ETHICS |
- Strengthen the ethical culture of the company
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- Strengthen the ethical culture of the company on a global basis
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- Complete annual training and certification process on the Code of Conduct and Ethics (the Code)
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- Completed: 5,000 employees were trained and certified
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- Complete annual training and certification process on the Code
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- Complete annual training for employees in “positions of trust” on the Anti-Bribery and Anti-Corruption Policy
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- Completed: Renewed emphasis on in-person training along with enhanced supporting procedures and documents
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- Amend Anti-Bribery and Anti-Corruption Policy and the Code to extend prohibition against bribery of any person (not limited to government officials). Enhance anti-corruption procedures
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- Develop a Human Rights (HR) compliance initiative in alignment with the UN Guiding Principles for Business & Human Rights (the Guiding Principles)
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- Developed an HR compliance initiative in alignment with the Guiding Principles, including a global HR Policy and a Reporting and Escalation Procedure for HR allegations
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- Develop new refresher on-line training courses for designated employees on the Code and Anti-Bribery and Anti-Corruption Policy
- Conduct in-person training on HR Policy
- Conduct pre-audit phase of global HR Assessment Project
- Continue to enhance supporting procedures for HR Policy
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| EMPLOYEES |
- Complete Level 1 Compass Development Program (CDP) and continue to establish Level 2 programs for key areas
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- New HR, Environment and Safety CDP programs established. Initial Level 2 program pilot completed
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- New Capital Projects CDP program
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- Enhance participation in CDP by 10% (Level 1 and 2 to 310 and 55 respectively)
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- 2011 CDP participation numbers: Level 1 – 317 and Level 2 – 63
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- CDP1: 319 participants, with 70 graduates by 2013
- CDP2: 59 participants, first graduates by 2013
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- Complete Learning Management System (LMS) roll-out to remaining regions (Australia and North America)
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- LMS implementation continued in North America and commenced in Australia. Also implemented at the corporate office
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- Integrate LMS and Talent Management (TM) platforms by the end of 2013
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- Design and launch a new Leadership Development Program (LDP) based on revised leadership model
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- LDP designed and initial pilot program completed
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- Implement the new LDP to start in 1st quarter 2012. Up to 300 people in the company will complete this program in 2012
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- Implement TM and succession planning improvements in 2012
- Complete global talent reviews for all critical roles
- Develop and implement pipeline concept for new hires
- Develop and implement university co-op strategy
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| COMMUNITY |
- Implement improved planning and monitoring of Community Relations (CR) activities through a phased implementation of the Community Relations Management System (CRMS)
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- Significant progress in development of CRMS: CR Policy and Standard issued; a global CRMS Taskforce formed to guide site implementation; sites commenced a 2 year implementation program
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- All sites develop CRMS implementation plans with a commitment to establish Social Obligations Registers and Grievance Mechanisms by end 2012
- Advance CRMS with development of a suite of supporting tools and resources
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- Update and improve the CR component of the Barrick Development System (BDS)
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- Updating of the BDS was deferred to 2012 pending the finalization of the CRMS
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- Update the CR Component of BDS based on final CR Standard requirements
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- Continue development of the Compass program for CR teams
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- CR Compass program initiated in 2011
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- Finalize and implement CR Compass program
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- Develop CR Audit program and undertake initial site audits at priority sites during 2012
- Develop a dedicated CR program to support company-wide exploration activities
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| ENVIRONMENT |
- Development of a tailings storage facility (TSF) performance review mechanism
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- Completed development of an internal Audit protocol and associated Corrective Action Plan (CAP) protocol for operating TSFs
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- Approve and implement CAP for active TSFs
- Update TSF Design, Operation and Management Guidelines for review and approval
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- The Tailings and Waste Rock Environmental Standard will be approved and implemented
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- Completed development and approval of Tailings Management Standard (TMS); implementation rescheduled to 2012
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- Implement Tailings Management Standard
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- The audit program will focus on compliance with 21 environmental audits and 16 safety audits conducted in 2011 – 10 will be combined EHS audits
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- Completed 16 environmental audits and 15 safety audits. Nine were combined EHS audits
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- Complete 21 audits with various combinations of environmental (17) safety (14) and, starting this year, community relations (4)
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- Focus on biodiversity pilot projects to gain a greater understanding of risks and opportunities
- Continue working with INAP to develop the GARD Guide
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| SAFETY AND HEALTH |
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- Continue Courageous Leadership (CL) training and roll-out Version 3
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- Completed 2011 CL training: new CL training occurs each year to match strategic priorities
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- Continue CL training
- Revise the CL program to align with CHESS functions (Community, Health, Environment, Safety, Security)
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- Identify and formally assess risks associated with significant / major pieces of infrastructure
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- Barrick’s Maintenance function has taken over this objective
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- Focused application of risk management, Visible Felt Leadership (VFL) principles and audit of 15 critical risk categories
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- Develop and implement Risk Assessment Facilitators training course
- Enhance VFL quality and track regional targets
- Audit against 15 critical risk categories
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- Focus on mitigation strategies for ergonomic risks
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- Develop Ergonomic Assessment Tool and continue awareness campaign
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- Continued refinement of Barrick data collection system and key health risks
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- Develop and standardize new health definitions in management reporting tool
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- Sharpen investigation focus on potential fatal incidents
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- Continue to enhance potential fatal incident investigation process
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- Complete implementation of vehicle monitoring devices
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- Completed: realized a 65% reduction in vehicle incidents 2011 vs. 2010
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- Continue to monitor & track driving incidents and driving behaviours
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- The ground support performance review will be finalized and implemented
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- A Ground Control Standard was developed
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- Implement and audit compliance of Ground Control Standard
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