2007 Full Report - Kinross Gold

outine inspections, independent assessments, risk assessments and emergency preparedness.Upon mine closure, Kinross systematically reclaims land affected by mining for productivepost-mining uses, thereby minimizing the long-term environmental impact of mining. Waterand energy management programs are in place or under development at all of our operations.These programs include predictive water balance models, continuous improvement programs,and performance monitoring systems. Kinross is conducting energy assessments at everyoperation in order to identify and implement cost-effective improvements.The future economic performance of Kinross will be determined by our ability to producegold profitably, replace and expand gold reserves, bring new development projects intoproduction in a timely and cost-effective fashion, inspire a safety culture of zero accidents,demonstrate outstanding leadership and management practices, attract and retain thebest employees and contractors, maintain good labour and employment relations, controloperating costs, develop a reputation for outstanding corporate citizenship, minimizeenvironmental liabilities, and manage our political risk profile.Kinross Environment,Health and SafetyManagement SystemThe EHS Management Systemhas five key areas of activity:Management ReviewPolicyPlanningImplementation and OperationVerification and Corrective ActionManagement strategies and targets associated with these opportunities and risks areembedded within our strategic plan. Performance standards have been widely communicatedthroughout the organization and performance targets set for all senior managers.Kinross also has an enterprise-wide risk management program that reviews risk atall significant projects and includes quarterly risk sessions for the operations. It is adynamic risk management process with key risks identified and assigned to ExecutiveManagement Committee members. The Executive Management Committee reviewsrisks quarterly. The Risk Committee of the Board of Directors reviews the principal risksaffecting Kinross’ business on an ongoing basis.Environment, Health and Safety Management SystemTo meet the commitments of our Health and Safety Policy, Kinross has a company-wideEnvironment, Health and Safety (EHS) Management System, which is modelled on theglobal ISO 14001 standard for environment and the OHSAS 18001 standard foroccupational health and safety. This EHS management system applies to every Kinrossoperation worldwide.Our approach emphasizes accountability for environment, health and safety within allcore business functions and at all organizational levels. The system includes targets andperformance standards for all phases in a mine’s life cycle and includes processes formeasurement, accountability and continuous improvement. Our targets and performancestandards are routinely reviewed and revised as appropriate to ensure a world-class program.Our approach emphasizesaccountability forenvironment, healthand safety within allcore business functionsand at all levels ofthe organization.The EHS Management System standards represent performance benchmarks that allKinross operations are expected to meet. To help ensure a best practices approach,our environmental teams are engaged in an ongoing evaluation of all our systems,processes, training programs and organizational exchanges. As part of our commitment tothe principles of continuous improvement, we benchmark Kinross against the best-in-classpractices of other companies and, where appropriate, we incorporate these practices intoour approach.Page 11 Kinross 2007 corporate responsibility report