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 79% 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, with total Scope 1 and 2 emissions amounting to approximately 5,000,000,000 kg CO2e, while Scope 3 emissions reached about 6,600,000,000 kg CO2e. The company has set ambitious targets to reduce its greenhouse gas emissions by 32% for Scope 1 and 2, and by 30% for Scope 3 by 2030, using 2018 and 2019 as baseline years, respectively. Newmont aims to achieve carbon neutrality by 2050, which will involve carbon removal strategies to offset residual emissions that cannot be eliminated. In 2023, Newmont's emissions included approximately 5,400,000,000 kg CO2e for Scope 1 and 2, and 6,300,000,000 kg CO2e for Scope 3. The company has committed to these reduction targets through the Science Based Targets initiative (SBTi), ensuring that its goals align with global climate standards. Newmont's climate strategy reflects a comprehensive approach to sustainability, focusing on reducing emissions intensity and enhancing operational efficiency. The company is on track to meet its near-term targets, demonstrating a commitment to responsible mining practices while addressing climate change challenges.
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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.
