Newcrest
Newcrest Mining Limited, commonly referred to as Newcrest, is a leading gold mining company headquartered in Australia. Established in 1966, Newcrest has grown to become one of the largest gold producers globally, with significant operations in Australia, Papua New Guinea, and Canada. The company is renowned for its expertise in exploration, mining, and production of gold and copper, focusing on sustainable practices and innovation. Newcrest's core products include high-quality gold and copper, with a commitment to responsible mining that sets it apart in the industry. The company has achieved notable milestones, including the development of advanced mining technologies and a strong portfolio of assets, such as the Cadia Valley Operations and Lihir Gold Mine. With a robust market position, Newcrest continues to be a key player in the global mining sector, recognised for its operational excellence and commitment to sustainability.
DitchCarbon Score
How does Newcrest'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
Newcrest's score of 43 is higher than 70% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Newcrest's reported carbon emissions
In 2023, Newcrest Mining Limited reported total carbon emissions of approximately 2,247,000,000 kg CO2e. This figure includes Scope 1 emissions of about 1,387,000,000 kg CO2e, Scope 2 emissions of approximately 861,000,000 kg CO2e, and Scope 3 emissions totalling around 870,000,000 kg CO2e. Notably, the Scope 3 emissions include significant contributions from business travel (about 96,000,000 kg CO2e) and purchased goods and services (approximately 353,000,000 kg CO2e). Comparatively, in 2022, Newcrest's total emissions were about 2,224,000,000 kg CO2e, with Scope 1 at approximately 1,398,000,000 kg CO2e, Scope 2 at around 843,000,000 kg CO2e, and Scope 3 at about 741,000,000 kg CO2e. This indicates a slight increase in total emissions year-on-year. Newcrest has set ambitious climate commitments, aiming for net zero carbon emissions by 2050. This goal encompasses both Scope 1 and Scope 2 emissions, with a specific target of a 30% reduction in emissions intensity per tonne of ore milled by 2030. These targets are part of their Group Net Zero Emissions Roadmap, which identifies various decarbonisation options. It is important to note that Newcrest's emissions data is cascaded from its parent company, Newmont Corporation, reflecting a corporate family relationship. This cascading of data ensures that Newcrest aligns with broader industry standards and commitments to climate action.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 1,288,105,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 817,802,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 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.
Newcrest 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.
