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 21 is lower than 57% 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 2022, New Hope Group reported total carbon emissions of approximately 753,651,000 kg CO2e for Scope 1 and about 70,082,000 kg CO2e for Scope 2, resulting in a combined total of around 823,733,000 kg CO2e for both scopes. This marks a significant increase from 2021, where emissions were approximately 500,309,000 kg CO2e for Scope 1 and 68,914,000 kg CO2e for Scope 2, leading to a total of about 569,223,000 kg CO2e. The trend indicates a rise in emissions over the years, with 2020 figures showing approximately 616,966,000 kg CO2e for Scope 1 and 85,813,000 kg CO2e for Scope 2. New Hope Group is committed to reducing its carbon footprint in alignment with governmental regulations. The Australian Government's Safeguard Mechanism, effective from 1 July 2023, mandates a progressive reduction of Scope 1 emissions by 4.9% per annum until 2030. Additionally, the New South Wales Government aims for net zero emissions by 2050, which applies to both Scope 1 and Scope 2 emissions. The company does not currently disclose Scope 3 emissions data, and there are no specific science-based targets (SBTi) reported. All emissions data is sourced directly from New Hope Corporation Limited, with no cascaded data from parent or related organizations.
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| 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|
| Scope 1 | - | - | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | - | - | 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 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.
