Managing our corporate responsibility

Measuring Performance

At Kinross, we demand a high level of accountability for corporate responsibility performance across our global operations. We measure our CR performance in three comprehensive ways:

Lagging Indicators: Our mandate is to meet and, where possible, exceed environmental, health and safety regulatory requirements at all of our operations, exploration sites and closure properties. Failure to meet regulatory requirements is measured by lagging indicators and enforcement actions, such as notices of violation, regulatory notices, major releases and permit exceedances. Social performance is measured by stakeholder grievances, public perception surveys, and company-community conflict situations.

Leading Indicators: We also measure leading indicators of performance, including: internal inspections and employee training in environmental, health and safety matters; interactions with local stakeholders; and implementation of proactive programs defined by community-company dialogue and partnerships. These leading indicators provide us with a proactive look at the management programs in place that will prevent releases, permit excursions, enforcement actions and workplace accidents.

Site Audits: We assess our performance against the standards and expectations outlined in our CRMS through a comprehensive internal auditing program, which systematically measures our success and identifies opportunities for improvement at each site every two years. These audits play a critical role in assessing our performance against our CRMS. The audit protocols were expanded in 2011 to measure social performance against our standards and guidance.

We also track our performance by way of internal perceptions, through our regular employee surveys, as well as external rankings for corporate responsibility and governance, and our inclusion in socially responsible investor indices. As part of our SRPs, we began to systematically track perceptions through stakeholder surveys and other feedback mechanisms.

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