Newmont
Newmont Corporation, commonly referred to as Newmont, is a leading gold mining company headquartered in the United States. Established in 1921, Newmont has grown to become a prominent player in the mining industry, with significant operations across North America, South America, Australia, and Africa. Specialising in the exploration, extraction, and production of gold, Newmont is renowned for its commitment to sustainable mining practices and innovation. The company’s core products include gold and copper, with a focus on delivering high-quality resources while minimising environmental impact. As a pioneer in the sector, Newmont has achieved numerous milestones, including being the first gold company to be included in the S&P 500 Index. With a strong market position, Newmont continues to set industry standards in safety, sustainability, and operational excellence.
DitchCarbon Score
How does Newmont'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
Newmont's score of 60 is higher than 81% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Newmont's reported carbon emissions
In 2024, Newmont Corporation reported significant carbon emissions, totalling approximately 6,665,000,000 kg CO2e globally. This includes Scope 1 emissions of about 1,688,940,000 kg CO2e from stationary combustion, Scope 2 emissions of approximately 2,110,580,000 kg CO2e from purchased electricity, and Scope 3 emissions of around 4,000,000,000 kg CO2e, which encompasses various categories such as investments and purchased goods and services. Newmont has set ambitious climate commitments, aiming for a 32% reduction in Scope 1 and 2 emissions by 2030 from a 2018 baseline, and a 30% reduction in Scope 3 emissions from a 2019 baseline. The company is also committed to achieving net-zero carbon emissions by 2050. These targets align with the Science Based Targets initiative (SBTi), which validates their near-term goals as consistent with limiting global warming to well below 2°C. In 2023, Newmont's emissions in the US were reported at approximately 143,880,000 kg CO2e for Scope 1 and 2 combined, indicating a focus on reducing their carbon footprint in key operational regions. The company’s strategy includes leveraging technological advancements and operational efficiencies to meet these targets, reflecting a proactive approach to climate change within the mining sector.
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| 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 642,423,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 00,000,000 | 0,000,000,000 |
| Scope 2 | 984,334,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | - | - | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 00,000,000 | 0,000,000,000 |
| Scope 3 | - | - | - | - | - | - | - | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
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.
Newmont is participating in some 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.
