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 54 is higher than 97% 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 2023, Newmont Corporation reported total carbon emissions of approximately 2,874,000,000 kg CO2e globally, with emissions broken down into Scope 1 and Scope 2 categories. Specifically, Scope 1 emissions accounted for about 1,540,000,000 kg CO2e, while Scope 2 emissions were approximately 1,334,000,000 kg CO2e (market-based). The company has set ambitious climate commitments, aiming for net-zero carbon emissions by 2050 across all scopes. Newmont has established near-term targets to reduce absolute Scope 1 and 2 greenhouse gas emissions by 32% by 2030, using 2018 as the baseline year. Additionally, the company aims to reduce absolute Scope 3 emissions by 30% by 2030, with 2019 as the reference year. These targets align with the Science Based Targets initiative (SBTi) and are designed to contribute to global efforts to limit temperature rise to well below 2°C. Overall, Newmont's climate strategy reflects a commitment to significant emissions reductions while maintaining operational efficiency in the mining sector.
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| 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 181,682,000 | 0,000,000,000 | 0,000 | 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 |
| Scope 2 | 743,949,000 | 0,000,000,000 | 0,000 | 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 |
| Scope 3 | 134,713,000 | 000,000,000 | 00,000,000 | 00,000,000 | - | 00,000,000 | - | 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.
