Our Economic Contribution
B2Gold is dedicated to responsibly generating and distributing economic benefits to our stakeholders and shareholders. B2Gold celebrated its business results in 2023 with the many stakeholders in the countries, regions and communities where we operate. Our economic performance is measured by the economic value that we generate for others, including payments to governments through taxes and royalties, local hiring and procurement, and investment in communities.
“By integrating our values of fairness, respect, transparency, and accountability with our ongoing pursuit of excellence in environmental stewardship and social responsibility, we have navigated the complexities of the year, ensuring that our growth is not only consistent with our goals but also aligns with the broader global agenda for sustainability.”
Clive Johnson, President & CEO, B2Gold Corp.
2022 Performance Highlights
- $1.9 billion annual revenue
- $10.7 million spent on community investment
- $435 million paid to governments (through taxes and royalties)
- $193 million paid as employee wages and benefits
Supply Chain and Local Procurement
“We work with suppliers and contractors based on the principles of long-term partnership, fair competition, and ethical conduct.”
Dmitri Maliouguine, Supply Chain Manager, B2Gold Corp.
B2Gold is committed to maximizing local and national economic benefits through our contracting and procurement practices. Recognizing the significant importance host communities and governments place on local procurement, we prioritize local businesses in sourcing the goods and services essential for our operations, contingent upon their ability to meet minimum safety, quality, ethical, and cost requirements, defined by B2Gold’s Supply Chain Policy and our Local Content Performance Standard. In 2023, over $616 million of goods and services were procured from local and host country businesses.
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Contributing to Sustainable Development
“As a responsible mining company, B2Gold is committed to developing resources in a way that is protective of people and respectful of human rights and cultural heritage, creates socio-economic development, and mitigates environmental and biodiversity impacts.”
Ken Jones, Director of Sustainability, B2Gold Corp.
B2Gold is committed to the transparency of our sustainability risks, management, and performance. We have reported in alignment with the GRI Standards since 2016, and in 2021 we added the SASB Standard as a reporting framework to our Responsible Mining Report. While the GRI Standards help companies communicate their sustainability impacts, the SASB Standard was designed to help companies communicate how different sustainability issues impact a company’s long-term value.
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*Visit https://sdg.humanrights.dk/en for a complete list and description of SDG Targets.
