New Found Gold Corp.
New Found Gold Corp., a prominent player in the gold exploration sector, is headquartered in Canada. Founded in 2020, the company has quickly established itself in the mineral exploration industry, focusing primarily on high-grade gold projects in Newfoundland and Labrador. New Found Gold's flagship asset, the Queensway Project, is notable for its significant gold discoveries, positioning the company as a key contender in the North American gold market. With a commitment to innovative exploration techniques and a strong emphasis on sustainability, New Found Gold Corp. aims to unlock the full potential of its mineral assets. The company’s strategic approach and rapid advancements have garnered attention, making it a noteworthy entity in the competitive landscape of gold exploration.
DitchCarbon Score
How does New Found Gold Corp.'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 Precious Metal Production 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
New Found Gold Corp.'s score of 16 is lower than 55% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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New Found Gold Corp.'s reported carbon emissions
New Found Gold Corp., headquartered in Canada, has not publicly disclosed specific carbon emissions data for the most recent year. However, the company has set ambitious climate commitments aimed at reducing greenhouse gas (GHG) emissions. In 2021, New Found Gold Corp. announced a target to reduce its GHG emissions by 30% by 2030, using a 2020 baseline. This commitment applies to both Scope 1 and Scope 2 emissions and is part of a broader strategy that includes increased electrification and energy-reduction initiatives. While no specific emissions figures are available, the company's proactive approach to climate action reflects a growing trend in the mining industry towards sustainability and responsible resource management. New Found Gold Corp.'s commitment to significant emissions reductions positions it as a forward-thinking player in the sector, aligning with global efforts to combat climate change.
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.
New Found Gold Corp. is not participating in any of the initiatives that 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.
