Acting Ethically and With Integrity
August 04, 2016 at 04:00 AM EDT
SOURCE: Newmont Mining CorporationDESCRIPTION:
To achieve our purpose – to create value and improve lives through sustainable and responsible mining – everyone who works on Newmont’s behalf is expected to demonstrate integrity and ethical business practices that reflect the values, attitudes, beliefs and behaviors that define our culture.
Building trust through transparency and accountability
Integrity and responsibility – two of our core values – are illustrated throughout our Code of Conduct, the cornerstone of our global governance program. Every employee, officer, director, partner, vendor and contractor is held accountable for complying with our Code.
Ethics advocates and compliance managers, annual training and assessments, our Ethics Solution Tool – a 24-hour hotline that allows anyone to file an ethics complaint – and our active participation in the Partnering Against Corruption Initiative (PACI) all help ensure we act in a manner that is right and just.
Sourcing and producing responsibly
Sourcing products and services from ethical and responsible suppliers is increasingly important to ensure we protect our reputation and build trust with stakeholders.
In 2015, we strengthened our supplier due diligence process by expanding our supplier screening to include a variety of ethical and sustainability criteria. We also published our second annual Conflict Free Gold Report, which confirmed we do not mine or source gold externally in a manner that causes, supports or benefits unlawful armed conflict or contributes to serious human rights abuses.
Upholding human rights
To more meaningfully measure and report on our commitment to human rights, in 2015 we became one of just six global companies, and the first in the extractives industry, to adopt the Reporting Framework for the UN Guiding Principles. As an early adopter, we defined and reported on our most salient human rights risks and also reported on grievances or allegations related to human rights and how they were addressed during the year.
One of the human rights risks identified is the right to security of person. Our security program is guided by our Code of Conduct, the UN Global Compact and the Voluntary Principles on Security and Human Rights (VPSHR). The VPSHR provides a framework for maintaining safe and secure operation while respecting human rights. In 2015, 100 percent of our security personnel were trained on the VPSHR, including Newmont employees as well as external security forces.
Understanding our impacts
Our commitment to continuous improvement is demonstrated through the targets we set to complete security and human rights risks assessments at all sites, and through our expanded efforts to continue strengthening our supplier due diligence and deepen our understanding of our human rights impacts.
Discover more about our approach, performance and efforts to promote integrity throughout the business in the Ethics and Governance section of our 2015 Social and Environmental Performance report at www.beyondthemine.com.
KEYWORDS: Ethical Production & Consumption, Business & Trade, business ethics, Newmont Mining Corporation, Integrity, code of conduct, Human Rights