Kinross Gold Corp. 2024 Report Highlights Sustainable Mining and Economic Contributions
- Kinross Gold's 2024 Sustainability Report highlights $4 billion economic benefits and 99% local workforce composition.
- The company achieved a low injury rate and engaged over 58,000 stakeholders in health and safety initiatives.
- Kinross Gold's environmental goals include utilizing 24% renewable energy and reducing greenhouse gas emissions intensity by 30% by 2030.
Kinross Gold Advances Sustainable Mining Practices in 2024 Report
Kinross Gold Corporation releases its 2024 Sustainability Report, showcasing significant strides in its commitment to responsible mining. CEO J. Paul Rollinson underscores the company's dedication to core values such as health and safety, environmental stewardship, and community benefits. This 17th edition of the report highlights how Kinross is not only aligning its operations with sustainable practices but also contributing substantial economic benefits to its host countries. In 2024 alone, the company generates $4.0 billion in economic advantages, bringing its cumulative contribution since 2010 to an impressive $54 billion. This economic impact is coupled with a strong commitment to local employment, with a workforce composition of 99% from host communities and 22% of senior management positions held by women.
The report reveals notable achievements in health and safety, with Kinross boasting a low injury frequency rate and over 12,000 participants engaged in its Safety Excellence Program since the beginning of 2023. Such initiatives reflect the company’s proactive approach to ensuring the well-being of its employees and stakeholders. Engagement efforts extend to more than 58,000 stakeholders, reinforcing Kinross' commitment to transparent communication and collaboration with communities. As part of its sustainability strategy, the company continues to prioritize not just the safety of its workforce but also the environmental health of the regions in which it operates.
Kinross Gold's environmental initiatives are particularly noteworthy, with the Tasiast solar power plant generating 50,615 MWh of renewable energy in 2024. This achievement contributes to the company's goal of utilizing 24% renewable energy across its operations, highlighting significant advancements in environmental stewardship. Kinross also emphasizes its long-standing record of zero tailings breaches over 32 years and boasts an impressive water recycling rate of 75% at its mining sites. Looking ahead, Kinross is committed to reducing its Scope 1 and 2 greenhouse gas emissions intensity by 30% by 2030, demonstrating a forward-thinking approach to sustainability that aligns with global climate goals.
In addition to its operational achievements, Kinross Gold continues to focus on enhancing its sustainability framework. The company’s comprehensive Sustainability Strategy encompasses workforce development, community engagement, natural capital, and climate action. Kinross' efforts serve not only to bolster its operational success but also to position the company as a leader in sustainable mining practices, setting a benchmark for the industry.