Newcrest Sustainability Profile
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 59 is higher than 77% 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 4.63 billion kg CO2e. This figure includes Scope 1 emissions of about 1.39 billion kg CO2e, Scope 2 emissions of approximately 861 million kg CO2e, and Scope 3 emissions of around 2.39 billion kg CO2e. The company has set ambitious climate commitments, aiming for a 30% reduction in Scope 1 and Scope 2 greenhouse gas emissions intensity per tonne of ore milled by 2030, with a baseline year of 2018. Newcrest has also committed to achieving net zero carbon emissions by 2050, as outlined in their Group Net Zero Emissions Roadmap. This roadmap identifies decarbonisation options for both Scope 1 and Scope 2 emissions. The company's climate initiatives are part of a broader strategy to address climate change and align with industry standards. The emissions data is cascaded from Newcrest Mining Limited, reflecting their corporate family relationship with Newmont Corporation, which influences their sustainability targets.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | - | - | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
How Carbon Intensive is Newcrest's Industry?
How Carbon Intensive is Newcrest's Location?
Newcrest's Scope 3 Categories Breakdown
Newcrest's Scope 3 emissions, which increased by 18% last year and increased by approximately 39% since 2020, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 51% of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 15% of Scope 3 emissions.
Top Scope 3 Categories
Newcrest's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Newcrest has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
