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 55 is higher than 78% 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 total carbon emissions of approximately 6,500,000,000 kg CO2e, with 5,000,000,000 kg CO2e attributed to Scope 1 and 2 emissions combined, and 6,600,000,000 kg CO2e for Scope 3 emissions. The Scope 3 emissions breakdown includes significant contributions from investments (about 1,971,050,000 kg CO2e), purchased goods and services (approximately 2,213,335,000 kg CO2e), and fuel and energy-related activities (around 1,024,949,000 kg CO2e). Newmont has set ambitious climate commitments, aiming for a 32% reduction in absolute Scope 1 and 2 emissions by 2030 from a 2018 baseline, and a 30% reduction in absolute Scope 3 emissions by 2030 from a 2019 baseline. These targets are aligned with the Science Based Targets initiative (SBTi) and reflect the company's commitment to achieving net-zero carbon emissions by 2050. The company has made progress towards these goals, with a reported reduction of approximately 5.4% in emissions from 2018 to 2019, despite increased mining activities. Newmont's strategy includes leveraging its long-life portfolio of gold and copper projects, alongside anticipated technological and policy improvements, to meet its decarbonisation targets. Overall, Newmont's climate strategy is focused on significant emissions reductions across all scopes, with a clear pathway towards carbon neutrality by mid-century.
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| 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | 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 | - | - |
| 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 | - | - |
| 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.
