Iamgold Corporation.
IAG.US | Mining of iron ores
Iamgold Corporation is a mid-tier gold mining company. It is engaged in the exploration, development, and operation of gold mining properties. The company's operating mines include Essakane in Burkina Faso, Rosebel in Suriname, and Westwood in Canada. Iamgold also has several development and explora...Show More
Better Health for All
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No evidence available to assess Iamgold Corporation on Better Health for All.
Fair Money & Economic Opportunity
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No evidence available to assess Iamgold Corporation on Fair Money & Economic Opportunity.
Fair Pay & Worker Respect
20
The company reported a Total Recordable Injury Frequency Rate (TRIFR) of 0.63 for the year ended December 31, 2024.
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This rate shows an improved trend from 0.69 in 2023
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and 0.76 in 2022,
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and is below the company's target of 0.66.
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The employee turnover rate was 7.9% in 2024.
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In 2024, there was one reported incident of discrimination at Essakane, which was investigated, a remediation plan was implemented, and resolved.
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The company also reported zero strikes and lock-outs exceeding one week’s duration, and zero whistleblower complaints related to forced or child labor in 2024.
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Fair Trade & Ethical Sourcing
20
In 2024, IAMGOLD directed $342 million, representing 28.86% of its total procurement budget of $1,185 million, to local suppliers.
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The company reported zero instances of forced or child labor within its activities or supply chains in 2024, with no related whistleblower complaints, and conducts proactive risk assessments.
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However, IAMGOLD explicitly states it does not currently have a remediation plan in place for addressing identified grievances, though it plans to develop one in the next reporting year.
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No specific data is available regarding the percentage of spend covered by fair-trade certifications, the average frequency of on-site supplier audits, the percentage of suppliers with traceable provenance data, the percentage of all supplier contracts including enforceable ethical-sourcing clauses, or the share of spend on high-risk materials.
Honest & Fair Business
10
Only one non-independent Board member, the Chairman and CEO, indicating a high percentage of independent directors
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. All members of the Board Audit Committee are independent
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. A Whistleblower Policy, in place as of December 2023, applies to all employees, contractors, and representatives worldwide, including those operating at joint ventures
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. Reports can be made openly, confidentially, or anonymously through multiple channels including a toll-free hotline, and records are retained for seven years
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.
Kind to Animals
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Iamgold Corporation is a gold mining company. Its core business operations and products (gold) do not typically involve activities such as animal testing, animal-derived ingredients, animal agriculture, or direct animal husbandry, which are the primary focus of the 'Kind to Animals' ethical value. While mining operations can impact biodiversity, the provided articles offer only general statements of commitment to 'biodiversity preservation'
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and 'net positive biodiversity' by 2050
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, without providing any measurable outcomes, species recovery metrics, or specific financial investments as required by the rubric for scoring the 'wildlife_conservation_impact' KPI. Consequently, no specific, concrete data points are available in the articles to assess any of the defined KPIs for this value.
No War, No Weapons
-40
IAMGOLD concluded it did not breach any international sanctions for the 2023-2024 period.
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The company adopted the Conflict-Free Gold Standard in 2017 at all its gold mines
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, with independent limited assurance confirming conformance for 2023-2024.
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Essakane gold mine is located in Burkina Faso
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, identified as a 'conflict-affected or high-risk' country in 2023
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, and the company concluded it has appropriate mechanisms to operate in such areas.
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IAMGOLD commits to not causing, supporting, benefiting from, or contributing to unlawful armed conflict, human rights abuses, or breaches of international humanitarian law.
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The company is guided by the UN Guiding Principles on Business and Human Rights
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and regularly conducts due diligence to identify human rights risks in its operating jurisdictions.
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Annual security risk reviews are conducted and incorporated into a security risk register
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, and security-related management systems comply with the Voluntary Principles on Security and Human Rights (VPSHR).
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Due diligence is conducted on private security companies to ensure no involvement in human rights abuses
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, and alleged abuses are investigated.
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The company publishes details related to security practices through its annual Sustainability Report.
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Planet-Friendly Business
-50
IAMGOLD has withdrawn its aspiration to achieve net-zero Scope 1 and 2 emissions by 2050.
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In 2024, the company's total Scope 1, 2, and 3 greenhouse gas emissions were 746,804 tCO2e, representing a 25.4% decline from 2023.
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The company has not established SBTi-validated targets, though it has internal decarbonization objectives. In 2024, seven non-compliance notices related to water were recorded, none deemed significant or resulting in fines over US$100,000.
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Approximately 41.2% of total water withdrawn is from areas of extremely high baseline water stress.
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The non-mineral waste diversion rate in 2024 was approximately 20%.
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All sites have Biodiversity Management Plans in place, and 62 hectares of land have been rehabilitated, including previous years, out of a total footprint of 4,623 hectares.
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IAMGOLD references and reports against the TCFD framework
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and conducted an updated physical climate risk assessment in late 2024 using IPCC's SSP1-1.9 (1.5°C) and SSP5-8.5 (3°C+) scenarios.
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The company considers packaging CO2 reduction insignificant due to its primary raw materials production.
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IAMGOLD invested CAD$430K in a new drinking water supply system for a village adjacent to its Essakane mine
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and is involved in a water access program in rural Burkina Faso.
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For mine closure, Essakane is enhancing its strategy to include community transition support.
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Respect for Cultures & Communities
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All operational sites have formal grievance mechanisms in place for community concerns.
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In 2024, there were zero identified incidents of violations involving the rights of Indigenous Peoples.
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The company has 7 formal partnership agreements with indigenous or local community groups, including two Impact Benefit Agreements for Côté Gold, partnerships for community development projects in Africa, and an Indigenous health provider.
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Additionally, 1% of Essakane’s annual revenue is reinvested into the Local Mine Development Fund.
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Safe & Smart Tech
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No specific, quantifiable evidence was found in the provided articles to assess IAG.US against any of the 'Safe & Smart Tech' KPIs. Information regarding data breaches, AI ethics, cybersecurity investment as a percentage of revenue, privacy certifications, security training effectiveness, encryption implementation extent, AI audit practices, algorithmic transparency, unauthorized data use, user data control, authentication security, vulnerability management, bug bounty programs, privacy by design, security testing coverage, data minimization, compliance with privacy regulations, algorithmic harm remediation, or digital rights advocacy was not explicitly stated or quantifiable according to the rubric's requirements.
Zero Waste & Sustainable Products
-30
The company's 2024 year-end and Q4 results summary, as well as its Q1 2025 results summary, explicitly state that no specific regulatory actions, violations, fines, or compliance issues related to waste or sustainability were mentioned for these periods
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,
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. This indicates no reported waste disposal violations in the past year.