2007 Full Report - Kinross Gold

Managing for corporate responsibilityKinross has established company-wide strategies, reporting systems,operating policies and corporate governance practices that enableus to pursue our objective of outstanding corporate citizenship.Our focus is to implement strategies for continuously sharing best practices and expeditingtheir adoption company-wide. Our approach includes:• Ten Guiding Principles for Corporate Responsibility, which the company adopted in 2007(see page 10)• Coupling leadership with strong management systems in environment, health and safety,human resources, and finance• Translating our principles and strategy into operating metrics• Continuous improvement initiatives at the site level• Transparent public reporting to the GRI G3 standard• Stakeholder consultation on community issues• Partnerships with learning institutions, governments, non-governmental organizationsand community groupsCorporate Responsibility PrinciplesAt Kinross, we believe we have both a moral and a business imperative to be a goodneighbour wherever we operate. Indeed, outstanding corporate citizenship is a coreKinross value. We understand that maintaining our social license to operate meansmaintaining strong and mutually beneficial relationships with communities andstakeholders wherever we live and work.In order to provide a clearly understood and consistent standard for defining our workingrelationships with employees, partners, governments, communities, and organizationswhere we live and operate, we have adopted ten principles for corporate responsibility.These principles define what “doing the right thing” means to Kinross and are central to howwe conduct our business. While the principles are grounded in practical experience they arealso aspirational, recognizing that social responsibility is more a journey than a destination.At the same time, they are intended as firm, non-negotiable guidelines that apply to everyKinross employee across our global operations, from senior management to front-lineoperators. They provide a foundation for detailed policies in specific areas such as corporateethics, environmental stewardship, and health and safety, while also serving as guidelines inthe ongoing development of strategies, business plans, and processes at both a corporateand regional level.These corporate responsibility principles operate within the context of our fundamentalbusiness objective, which is to create value for our stakeholders. We believe strongly thatprofitability and corporate responsibility are not mutually exclusive, but rather are mutuallyreinforcing. Only by thriving as a profitable and successful business can we generatethe wealth that brings sustainable benefits to our employees, suppliers, and communities,as well as to our shareholders.We are committed to ensuring that our people and our partners live by these principles andthat our actions on-the-ground across our global operations consistently reflect their spirit.Page 09 Kinross 2007 corporate responsibility report