Barrick reports 60% drop in injury rate since 2020
Barrick Mining Corporation's 2025 Sustainability Report reveals a 60% drop in total recordable injury frequency rate since 2020 and a 28% decline in lost time injuries year-on-year. The company allocated over $7.1 billion to local suppliers and invested $62 million in community development, while 96% of its staff are from host countries. Barrick also exceeded its water reuse target of 80% and maintained an ‘A’ rating on its Sustainability Scorecard.
*this image is generated using AI for illustrative purposes only.
Barrick Mining Corporation published its 2025 Sustainability Report on June 12, 2026, detailing significant improvements in safety metrics and local economic engagement. The company achieved a 60% reduction in total recordable injury frequency rate since 2020 and a 28% year-on-year reduction in lost time injuries. Barrick maintained an ‘A’ rating on its Sustainability Scorecard, reflecting consistent performance across its global operations.
Safety and Operational Performance
The report highlights a continued focus on fatality prevention and safety culture. Barrick strengthened its approach to human rights, water stewardship, biodiversity management, and climate resilience during the year. The company advanced the application of its Biodiversity Risk and Impact Assessment tool to better identify and manage environmental risks across operations and projects.
Economic and Community Impact
Barrick reported substantial engagement with local economies in 2025. A total of 96% of employees and 76% of suppliers were drawn from host countries. The company directed more than $7.1 billion in spending toward local and host country suppliers and invested over $62 million in community-led development initiatives.
| Metric | Value |
|---|---|
| Total recordable injury frequency rate reduction (since 2020) | 60% |
| Lost time injuries reduction (year-on-year) | 28% |
| Employees from host countries | 96% |
| Suppliers from host countries | 76% |
| Spending with local and host country suppliers | >$7.1 billion |
| Investment in community-led development | >$62 million |
Environmental Stewardship
The company optimized water use through enhanced reuse and recycling rates, exceeding its target of 80%. Barrick also advanced its Scope 3 emissions supplier engagement program. In April 2026, the company published its Human Rights Report to reinforce transparency regarding risk management across its operations and supply chains.
Barrick's President and CEO Mark Hill stated that sustainability remains fundamental to the company's operations as it enters a new phase of growth. He emphasized the principles of keeping people safe, mining responsibly, and delivering long-term value to all stakeholders.
How will Barrick's improved safety metrics and sustainability rating influence its ability to secure capital for its new phase of growth?
What specific targets has Barrick set for reducing Scope 3 emissions following the advancement of its supplier engagement program?
How will the company balance the increased local economic engagement with potential supply chain constraints or cost inflation?
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