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.
-2 vs industry average
New Hope Group’s score of 16 is lower than 46% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Salt and Mineral Mining has above-average carbon intensity
Industry performance
The Salt and Mineral Mining industry has reduced its overall emissions by 66% since 2019
Emissions trajectory 2020 – 2025
Reported emissions
Scope 3 accounts for ••• of total emissions.
New Hope Group's reported carbon emissions
In 2022, New Hope Group reported total carbon emissions of approximately 823,733,000 kg CO2e, comprising 753,651,000 kg CO2e from Scope 1 and 70,082,000 kg CO2e from Scope 2 emissions. The company has not disclosed Scope 3 emissions data. New Hope Group is committed to significant emissions reductions in line with governmental initiatives. 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, both the New South Wales and Australian Governments aim for net zero emissions by 2050, which will influence New Hope Group's long-term strategies. The company’s emissions data is sourced from New Hope Corporation Limited, with no cascaded data from other corporate entities. New Hope Group's climate commitments reflect a proactive approach to align with national and state-level climate goals, ensuring a sustainable future in the energy sector.
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New Hope Group’s Climate Goals (2030 & 2050)
3 goals2030
4.9% reduction in Scope 1
In support of these ambitions, the Australian Government has recently reformed the Safeguard Mechanism. Reforms took effect on 1 July 2023,…
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Emissions comparison with industry peers
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New Hope Group
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