Newmont Sustainability Profile
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 81 is higher than 90% 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 6,000,000,000 kg CO2e across all scopes. This includes 1,688,940,000 kg CO2e from Scope 1 (stationary combustion), 2,110,580,000 kg CO2e from Scope 2 (purchased electricity), and 3,000,000,000 kg CO2e from Scope 3 emissions, which encompass investments, processing of sold products, purchased goods and services, and fuel and energy-related activities. Newmont has set ambitious climate commitments, aiming for a 32% reduction in Scope 1 and 2 emissions by 2030, using a 2018 baseline. Additionally, the company targets a 30% reduction in Scope 3 emissions by 2030, based on a 2019 baseline. These targets are aligned with the Science Based Targets initiative (SBTi) and reflect Newmont's commitment to achieving net-zero carbon emissions by 2050. The company’s emissions reduction strategy includes a focus on energy efficiency and transitioning to renewable energy sources, with a goal of replacing 10% of fossil fuel-based electricity with renewable alternatives. Newmont's proactive approach to climate action positions it as a leader in the mining sector, addressing the urgent need for sustainable practices in the industry.
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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 | 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 | 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 |
How Carbon Intensive is Newmont's Industry?
How Carbon Intensive is Newmont's Location?
Newmont's Scope 3 Categories Breakdown
Newmont's Scope 3 emissions, which decreased by 21% last year and increased by approximately 7% since 2019, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 62% of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 36% of Scope 3 emissions.
Top Scope 3 Categories
Newmont'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.
Newmont 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.
Anglogold Ashanti
Fortescue
Frequently Asked Questions
Common questions about Newmont's sustainability data and climate commitments