Newcrest

Newcrest, an Australian company in the chemical and fertilizer minerals, salt, and other mining and quarrying products industry, reported its carbon emissions for 2024.

In 2024, Newcrest's Scope 1 emissions were approximately 2.73 billion kg CO2e, and Scope 2 market-based emissions were approximately 2.31 billion kg CO2e. Key Scope 3 emissions included approximately 125 million kg CO2e from capital goods, 2.21 million kg CO2e from purchased goods and services, and approximately 1.03 billion kg CO2e from fuel and energy-related activities.

For 2023, the company's total reported emissions (Scope 1, 2, and 3) were approximately 3.12 billion kg CO2e. This included approximately 1.39 billion kg CO2e for Scope 1 emissions, about 861 million kg CO2e for Scope 2 emissions, and approximately 870 million kg CO2e for Scope 3 emissions. In the same year, Newcrest reported a GHG emissions intensity of 32,000 kg CO2e per tonne of ore milled and 27,135.19 kg CO2e per troy oz of gold produced.

Looking back, in 2022, Newcrest's total reported emissions (Scope 1, 2, and 3) were approximately 3.04 billion kg CO2e. Scope 1 emissions were approximately 1.4 billion kg CO2e, Scope 2 emissions were approximately 901 million kg CO2e, and Scope 3 emissions were approximately 741 million kg CO2e. In 2021, total reported emissions were approximately 2.92 billion kg CO2e, comprising around 1.37 billion kg CO2e for Scope 1, approximately 843 million kg CO2e for Scope 2, and approximately 704 million kg CO2e for Scope 3.

Newcrest has set a goal of achieving net-zero carbon emissions for its Scope 1 and Scope 2 emissions by 2050. Additionally, the company aims for a 30% reduction in Scope 1 and Scope 2 greenhouse gas emissions intensity per tonne of ore milled by 2030, using a 2018 baseline. While the net-zero target primarily focuses on Scope 1 and Scope 2 emissions, Newcrest also intends to work across its value chain to reduce Scope 3 emissions. This organization is a current subsidiary of Newmont Corporation.