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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 58 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, totalling approximately 6,000,000,000 kg CO2e across all scopes. This includes Scope 1 emissions from stationary combustion at about 1,688,940,000 kg CO2e, Scope 2 emissions from purchased electricity at approximately 2,110,580,000 kg CO2e, and Scope 3 emissions, which encompass various categories such as investments (1,971,050,000 kg CO2e) and purchased goods and services (2,213,335,000 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. Additionally, the company targets a 30% reduction in absolute Scope 3 emissions by 2030, using a 2019 baseline. These targets align with the Science Based Targets initiative (SBTi) and reflect Newmont's commitment to achieving carbon neutrality by 2050. The company has made strides in emissions reduction, with a reported decrease in Scope 1 and 2 emissions from 3,570,000,000 kg CO2e in 2018 to a target of 2,400,000,000 kg CO2e by 2030. Newmont's strategy includes leveraging its long-life portfolio of gold and copper projects, alongside anticipated technological and policy improvements, to meet these goals. Overall, Newmont's climate strategy is robust, focusing on significant reductions in greenhouse gas emissions while committing to long-term sustainability and carbon neutrality.
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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 | 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 | 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 |
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.
