Fair Trade & Ethical Sourcing

Kinross Gold Corporation requires all suppliers to acknowledge its Supplier Standards of Conduct (SSoC), which includes adherence to international standards and laws on modern slavery and child labor, and compliance with the company's code and UN Global Compact principles.

In 2024, the company directed $783.8 million of its $2.9 billion total procurement spend to local communities, representing approximately 27.0% of the procurement budget.

Honest & Fair Business

Seven of Kinross Gold Corporation's eight board members (87.5%) are independent of management.

The company has a formal whistleblower policy, overseen by the Corporate Governance and Nominating Committee, which allows confidential and anonymous reporting via multiple methods, including an integrity hotline. This policy details procedures for reporting various matters, protects whistleblowers from retaliation, and outlines investigation and resolution processes. Kinross also maintains a comprehensive Code of Business Conduct and Ethics, reviewed biennially, that addresses anti-corruption, anti-bribery, money laundering, fraud, and ethical dealings with government officials. This Code is supported by ongoing compliance training, annual sign-offs for key personnel, and country-specific anti-corruption and anti-fraud risk assessments integrated into the Enterprise Risk Management program. A Vice President of Compliance provides oversight and reports to the Board.

Kind to Animals

Kinross Gold Corporation's 2024 monetary and in-kind community investments, which include conservation efforts, totaled $13.0 million

, representing approximately 0.25% of its $5.1 billion production revenue . The company co-funded a habitat restoration project on the East Walker River in Nevada from 2022 to 2023 , which resulted in increased fish populations documented in November 2023 post-construction surveys . Kinross also commits to biodiversity protection as part of its environmental management, adhering to regulatory requirements and best practices , and is a member of the World Gold Council through its Responsible Gold Mining Principles .

No War, No Weapons

Kinross confirmed conformance with the World Gold Council’s Conflict-Free Gold Standard for the years ended December 31, 2023, and 2024.

, These annual reports were subject to independent assurance by KPMG LLP. , The company does not source gold from third parties, meaning 100% of its materials are certified conflict-free. The reports concluded that Kinross does not have operations in 'conflict-affected or high-risk' areas and did not breach any international sanctions that prevent gold from being mined or exported for 2023 and 2024. , This implies zero procurement from active conflict zones. Kinross suspended all activities at its Udinsk development project and is in the process of suspending operations at its Kupol mine in Russia, adhering to sanctions. The company donated $1 million to the Canadian Red Cross Ukraine Humanitarian Crisis Appeal , and provided $13.0 million in community support in 2024. The Chief Executive Officer reports quarterly to the Corporate Responsibility Committee of the Board of Directors. Kinross has a policy that no weapons are tolerated on company property unless authorized for security. All of Kinross’ security workforce is trained annually under their Human Rights Adherence and Verification Program. The company emphasizes ethical conduct, human rights, and sustainability in procurement, requiring suppliers to adhere to its Supplier Standards of Conduct or equivalent principles, and reports in accordance with the Canadian Modern Slavery Act.

Planet-Friendly Business

Kinross Gold Corporation reported total Scope 1, 2, and 3 GHG emissions of 3.266 million tCO2e in 2024.

The company has set a target to reduce Scope 1 and 2 GHG emissions intensity by 30% by 2030 and achieve net-zero Scope 1 and 2 GHG emissions by 2050, but these targets are not explicitly stated as SBTi-validated. In 2024, 24% of its total energy consumption was sourced from renewables. The company's water intensity was 13,000 m³ per $1 million revenue in 2024. In 2024, 56% of total solid waste was diverted from disposal. Kinross reported one Level 3 environmental compliance incident (Notice of Violation) at its Fort Knox mine in 2024, resulting in a $275,000 fine. The company conducted advanced environmental and social impact assessments for three development projects. Kinross adopted TCFD recommendations in 2021 and is transitioning to IFRS S2. It completed a company-wide climate scenario analysis in 2022, updated in 2024, considering 1.5°C, 2°C, and 3°C+ pathways. Less than 1% of freshwater withdrawn in 2024 was from water-stressed areas, sourced entirely from precipitation. The company supports semi-nomadic communities with water provision and provided solar panels to an Indigenous community. Training was provided for 16 local residents for positions at the Tasiast solar plant. Kinross invested $200,000 annually in water provision for semi-nomadic communities, which is less than 1% of its total climate-related investments. The company has protected 20,020 hectares of land and does not operate in IUCN Category I-IV protected areas.

Respect for Cultures & Communities

Kinross Gold Corporation reinvested $13.0 million in community support in 2024

, which represents approximately 0.325% of its $4 billion total revenue . This percentage is closer to 0% than to 1%, aligning with the -100 tier for revenue reinvested in local community development. The company reports that 99% of its workforce is recruited from host countries , which falls into the 'Over 70%' tier, scoring 100 for local employment ratio. Other KPIs, such as formal partnerships, cultural appropriation incidents, cultural impact assessment protocol, grievance mechanisms availability, average complaint resolution time, FPIC participation rate, community governance inclusion, cultural preservation investment, local procurement share, indigenous supplier count, cultural site protection, social license operations, charitable giving cultural, community fund allocation, language inclusivity, cultural incident response, and cultural training completion, lack specific quantitative data points required by the rubric and are therefore omitted.

Safe & Smart Tech

No specific, quantifiable evidence was found in the provided articles to assess Kinross Gold Corporation against the 'Safe & Smart Tech' ethical value. While some articles mention policies or job requirements related to cybersecurity and data governance

, they do not provide concrete data points such as data breach severity, cybersecurity investment figures, specific privacy certifications held , employee security training effectiveness metrics, encryption implementation details , or regulatory compliance records for privacy regulations (e.g., GDPR, CCPA). Therefore, no KPIs can be scored based on the available information.