New Gold
New Gold Inc., a prominent player in the mining industry, is headquartered in Toronto, Canada, with significant operations in Canada and the United States. Founded in 1980, the company has established itself as a leader in the production of gold and copper, focusing on sustainable mining practices and community engagement. New Gold operates several key assets, including the Rainy River and New Afton mines, which are known for their high-quality mineral reserves. The company is committed to innovation and efficiency, utilising advanced technologies to enhance its mining processes. With a strong emphasis on environmental stewardship, New Gold has garnered recognition for its responsible mining initiatives. As a mid-tier mining company, New Gold has achieved notable milestones, positioning itself as a reliable supplier in the global market. Its dedication to sustainability and operational excellence sets it apart in the competitive landscape of the 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 Ores 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 higher than 54% 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 reported total carbon emissions of approximately 32.5 million tonnes CO2e, comprising about 12.5 million tonnes from Scope 1 emissions and around 20 million tonnes from Scope 2 emissions. This marks a slight decrease from 2022, where total emissions were about 32.1 million tonnes CO2e, with Scope 1 at approximately 14.4 million tonnes and Scope 2 at about 16.2 million tonnes. Over the years, New Gold has shown fluctuations in its emissions, with total emissions rising from about 171.4 million tonnes CO2e in 2019 to 179.9 million tonnes in 2021, before stabilising in the following years. The company has not publicly committed to specific reduction targets under frameworks such as the Science Based Targets initiative (SBTi) or the Carbon Disclosure Project (CDP), where it has received varying scores, indicating room for improvement in its climate strategy. New Gold's climate commitments focus on enhancing operational efficiency and reducing emissions intensity, although specific reduction initiatives or targets have not been detailed. The company continues to engage in sustainability practices aimed at minimising its environmental impact while navigating the challenges of the mining industry.
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Add to project2019 | 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 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.
