Newcrest

Newcrest's reported carbon emissions

Newcrest Mining Limited, headquartered in AU and operating within the "Chemical and fertilizer minerals, salt and other mining and quarrying products n.e.c." industry, has reported its carbon emissions and climate commitments. For the fiscal year 2023, Newcrest reported total greenhouse gas emissions of approximately 2.25 billion kg CO2e. This comprises Scope 1 emissions of approximately 1.39 billion kg CO2e, Scope 2 emissions of approximately 861 million kg CO2e, and Scope 3 emissions of approximately 870 million kg CO2e. In 2022, the company's total emissions were approximately 2.3 billion kg CO2e, with Scope 1 at about 1.4 billion kg CO2e, Scope 2 at approximately 901 million kg CO2e, and Scope 3 at around 741 million kg CO2e. The preceding year, 2021, saw total emissions of approximately 2.21 billion kg CO2e. This was broken down into Scope 1 emissions of approximately 1.37 billion kg CO2e, Scope 2 emissions of about 843 million kg CO2e, and Scope 3 emissions of roughly 704 million kg CO2e. In 2020, Newcrest's total emissions were approximately 2.27 billion kg CO2e, with Scope 1 at about 1.38 billion kg CO2e, Scope 2 at approximately 895 million kg CO2e, and Scope 3 at around 607 million kg CO2e. For 2019, Scope 1 and Scope 2 emissions combined totalled approximately 2.44 billion kg CO2e. Scope 3 emissions data was not available for this year. Newcrest has established a commitment to achieve net-zero carbon emissions by 2050, encompassing Scope 1 and Scope 2 emissions. This long-term goal is supported by a roadmap for decarbonisation. Additionally, the company has set a near-term target to reduce its Scope 1 and Scope 2 greenhouse gas (GHG) emissions intensity per tonne of ore milled by 30% by 2030, relative to a 2018 baseline. Newcrest also aims to work across its value chain to reduce Scope 3 emissions. It is noted that Newcrest is a current subsidiary of Newcrest Mining Limited, with its sustainability initiatives and performance data cascading from this entity. Any Science Based Targets initiative (SBTi) reduction targets are cascaded from Newmont Corporation.