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 27 is higher than 76% 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, particularly in Scope 3, which includes emissions from purchased goods and services. In 2022, the company recorded total emissions of about 823,733,000 kg CO2e, with Scope 1 emissions at 753,651,000 kg CO2e and Scope 2 at 70,082,000 kg CO2e. The trend of increasing emissions highlights the challenges faced in reducing carbon footprints within the coal industry. New Hope Group has committed to reducing its Scope 1 and Scope 2 emissions by 4.9% annually from 1 July 2023 until 2030, in accordance with the Safeguard Mechanism. This initiative aims to progressively offset emissions against a determined baseline, reflecting the company's commitment to climate action and compliance with regulatory frameworks. Overall, New Hope Group's emissions data and reduction targets illustrate the complexities of managing carbon emissions in the fossil fuel sector while striving for sustainability and regulatory compliance.
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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.
