How has Newmont’s leadership in sustainability supported its financial performance?
There is data suggesting that companies that deliver in social arenas also outperform in terms of value over companies that do not. If you are able to successfully manage the complexity of risks associated with the environment, community and political dynamics, then you will also be managing the financial and production side well.
How does this focus on sustainability help Newmont attract new talent?
Newmont is in competition with every other industry for the brightest and best. We have seen in our recruitment process in the past couple of years that we are able to attract dynamic young people from all kinds of academic backgrounds because they do their research and know about how credible we are. They believe it is the place they want to work and make a contribution. Sustainability plays a big part in being able to recruit good talent in the organization.
Sustainability and External Relations,
Newmont Mining Corporation
What are you doing to create a more diverse workforce?
One of the things that we are putting emphasis on at Newmont is inclusion and diversity. Inclusion is one of our core values. We recognize that having a diverse workforce is important but diversity by itself is not enough. The people who are part of our workforce need to feel included and recognized for their contributions. We are actively working to increase diversity across the company. We have targets in countries such as Ghana, Peru and Suriname for having nationals in leadership and management positions.
We also have targets in place for every region to improve the percentage of women at both the senior level and also in the workplace. Newmont now has five women directors, which puts us right at the top of the pack for a Fortune 500 company. We have three women on our executive leadership team out of nine.
We are also actively working to increase the number of women leaders in our operational and technical areas. At out KCGM operation in Australia, we have put in place our first female general manager. At KCGM, about 28% of the workforce are women, which is about twice the average for the Australian mining industry
As published in TIME magazine
