Newmont
Newmont Corporation, commonly referred to as Newmont, is a leading gold mining company headquartered in the United States. Established in 1921, Newmont has grown to become a prominent player in the mining industry, with significant operations across North America, South America, Australia, and Africa. Specialising in the exploration, extraction, and production of gold, Newmont is renowned for its commitment to sustainable mining practices and innovation. The company’s core products include gold and copper, with a focus on delivering high-quality resources while minimising environmental impact. As a pioneer in the sector, Newmont has achieved numerous milestones, including being the first gold company to be included in the S&P 500 Index. With a strong market position, Newmont continues to set industry standards in safety, sustainability, and operational excellence.
DitchCarbon Score
How does Newmont's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Salt and Mineral Mining industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Newmont's score of 50 is higher than 97% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Newmont's reported carbon emissions
In 2023, Newmont Corporation reported total greenhouse gas emissions of approximately 2,874,000,000 kg CO2e. This figure includes 1,540,000,000 kg CO2e from Scope 1 emissions, which are direct emissions from owned or controlled sources, and 1,334,000,000 kg CO2e from Scope 2 emissions, which are indirect emissions from the generation of purchased electricity, steam, heating, and cooling consumed by the company. Notably, Newmont has set ambitious targets to reduce its carbon footprint, committing to a 32% reduction in absolute Scope 1 and 2 emissions by 2030 from a 2018 baseline. Additionally, the company aims to reduce its Scope 3 emissions by 30% by 2030 from a 2019 baseline. Newmont's commitment to sustainability is further underscored by its alignment with the Science Based Targets initiative (SBTi), which classifies its targets as consistent with limiting global warming to well below 2°C. The company also aims to achieve a 32% reduction in Scope 1 and 2 emissions per Gold Equivalent Ounce (GEO) within the same timeframe. These initiatives reflect Newmont's proactive approach to addressing climate change and its dedication to reducing its environmental impact in the mining sector.
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Access structured emissions data, company-specific emission factors, and source documents
| 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 181,682,000 | 0,000,000,000 | 0,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 743,949,000 | 0,000,000,000 | 0,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 3 | 134,713,000 | 000,000,000 | 00,000,000 | 00,000,000 | - | 00,000,000 | - | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Newmont is committed to some reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
