Barrick Gold Corporation (USA) (NYSE:ABX), for the eighth year in a row, became a part of Dow Jones Sustainability World Index. Also, for the ninth consecutive year, it has been named in the North America Index for Dow Jones Sustainability.
Barrick Gold Corporation teaming up strongly with the host communities
The President of company, Kelvin Dushnisky, said that the reason for long and trusted inclusion in the respected indexes like these is a result of transparency as well as strong and sturdy partnerships with the various segments of host communities, such as employees and governments.
Value of Dow Jones Sustainability Index
The index, every year, evaluates over 2,500 companies independently, by making use of its rigorous sustainability criterion. It identifies top 10% performers and the participants are evaluated on its sustainability metrics, such as, economic contributions, environment, social performance and governance. The industry-specific and the sustainability issues governing multiple sectors, are taken into consideration while measuring the things.
Why Barrick makes it to the Dow Jones Sustainability Index?
It is not easy to make a mark in the Dow Jones index because of tough competition and also the repute it adds to the company’s name. However, despite rigorous criteria, Barrick Gold Corporation (USA) (NYSE:ABX) makes it to the Dow Jones Sustainability Index from past 8 years because it adds value through responsible operations. The employees, local communities as well as shareholders of the company are getting vital values because of responsible operating mechanism.
In numerical terms, the company added $9.7 billion in the year 2014 to employees’ wages as well as benefits, taxes and royalties, community investments as well as purchase of products and services in the host communities and countries. This also includes an addition of $3.6 billion in emerging and developing economies of the world where Barrick Gold Corporation is operating its business.