New Hope Group
New Hope Group, a prominent Australian company headquartered in Brisbane, has been a key player in the resources and energy sector since its establishment in 1952. With a diverse portfolio that includes coal mining, agriculture, and renewable energy, New Hope Group operates primarily in Queensland and New South Wales, contributing significantly to the local economy. The company is renowned for its high-quality coal production, particularly through its flagship New Acland Mine, which has achieved notable milestones in sustainability and operational efficiency. New Hope Group's commitment to innovation and environmental stewardship sets it apart in the industry, positioning it as a leader in responsible resource management. With a strong market presence and a focus on future growth, New Hope Group continues to shape the landscape of Australia's energy and resources sector.
DitchCarbon Score
How does New Hope Group'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
New Hope Group's score of 25 is higher than 69% 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 Hope Group's reported carbon emissions
In 2023, New Hope Group reported total carbon emissions of approximately 27,406,003,000 kg CO2e, with emissions distributed across various scopes: 595,100,000 kg CO2e for Scope 1, 58,456,000 kg CO2e for Scope 2, and a significant 27,252,447,000 kg CO2e for Scope 3. This marked a notable increase in emissions compared to previous years, reflecting the complexities of their operational footprint. The company has set ambitious reduction targets under the Safeguard Mechanism, requiring a progressive reduction of Scope 1 and Scope 2 emissions by 4.9% per annum from 1 July 2023 to 2030. This commitment aims to align their operations with industry standards for climate action and demonstrates a proactive approach to managing their carbon footprint. Historically, New Hope Group's emissions have fluctuated, with Scope 1 emissions reaching 689,711,000 kg CO2e in 2019 and decreasing to 500,309,000 kg CO2e by 2021. Scope 2 emissions also showed variability, with a peak of 689,140,000 kg CO2e in 2021 before declining to 58,456,000 kg CO2e in 2023. The company has disclosed emissions across all three scopes, indicating a comprehensive approach to carbon accounting. Overall, New Hope Group's climate commitments reflect a growing awareness of the need for sustainable practices within the industry, as they work towards reducing their emissions in line with regulatory frameworks and global climate goals.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 156,100,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 156,100,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 156,100,000 | 000,000,000 | 000,000,000 | - | - | 00,000,000,000 |
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.
New Hope Group 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.
