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 23 is higher than 73% 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 Gold's reported carbon emissions
In 2023, New Gold reported carbon emissions of approximately 12,459,000 kg CO2e for Scope 1 and about 20,029,000 kg CO2e for Scope 2, totalling around 32,488,000 kg CO2e. This marks a reduction from 2022, where emissions were approximately 14,391,000 kg CO2e for Scope 1 and 16,209,000 kg CO2e for Scope 2, totalling about 30,600,000 kg CO2e. New Gold has committed to a significant reduction target, aiming for a 30% decrease in greenhouse gas (GHG) emissions by 2030, using 2020 as the baseline year. This commitment applies to both Scope 1 and Scope 2 emissions and is part of their strategy to enhance electrification and implement energy-reduction initiatives. The company has consistently disclosed its emissions data, focusing on transparency and accountability in its climate commitments. As of now, there is no reported data for Scope 3 emissions. New Gold's ongoing efforts reflect a proactive approach to addressing climate change within the mining industry, aligning with global sustainability goals.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 19,698,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 2,490,000 | 0,000,000 | 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 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.
