New Gold
New Gold Inc., a prominent player in the mining industry, is headquartered in Canada and operates primarily in North America. Founded in 1980, the company has established itself as a leader in the production of gold and copper, with significant operations in British Columbia and Ontario. Specialising in the development and operation of mineral properties, New Gold is known for its flagship assets, including the Rainy River and New Afton mines. These projects are distinguished by their commitment to sustainable practices and innovative extraction techniques. With a strong market position, New Gold has achieved notable milestones, including successful expansions and a focus on responsible mining. The company continues to enhance its reputation through strategic partnerships and a dedication to environmental stewardship, making it a key player in the global mining sector.
DitchCarbon Score
How does New Gold'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 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
New Gold's score of 18 is lower than 57% of the industry. This can give you a sense of how well the company is doing compared to its peers.
New Gold's reported carbon emissions
In 2023, New Gold, headquartered in Canada, reported total carbon emissions of approximately 32,048,000 kg CO2e, comprising about 12,459,000 kg CO2e from Scope 1 and about 20,029,000 kg CO2e from Scope 2 emissions. This marks a significant reduction from previous years, as emissions in 2022 were approximately 30,000,000 kg CO2e, with Scope 1 at about 14,391,000 kg CO2e and Scope 2 at about 16,209,000 kg CO2e. Over the past few years, New Gold's emissions have fluctuated, with total emissions recorded at approximately 179,983,000 kg CO2e in 2021, 175,227,000 kg CO2e in 2020, and 171,395,000 kg CO2e in 2019. The company has not disclosed any specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges, indicating a potential area for future commitment. New Gold's emissions data reflects its ongoing efforts to manage and reduce its carbon footprint, although further transparency regarding specific reduction strategies and long-term climate commitments would enhance its sustainability profile.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 163,709,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 7,686,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | - |
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 Gold is not committed to any 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.
