Novagold Resources
Novagold Resources Inc., a prominent player in the mining industry, is headquartered in the United States, with significant operations in Alaska and British Columbia. Founded in 1984, the company has established itself as a leader in gold exploration and development, focusing primarily on its flagship Donlin Gold project, which is one of the largest undeveloped gold deposits in the world. Novagold is dedicated to sustainable mining practices, emphasising environmental stewardship and community engagement. The company’s unique approach combines advanced exploration techniques with a commitment to responsible resource management, setting it apart in the competitive mining sector. With a strong market position and notable achievements, including strategic partnerships and significant resource discoveries, Novagold continues to drive innovation and growth in the gold mining landscape.
DitchCarbon Score
How does Novagold Resources'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
Novagold Resources's score of 25 is higher than 83% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Novagold Resources's reported carbon emissions
In 2023, Novagold Resources reported total carbon emissions of approximately 1,455,000 kg CO2e, comprising about 1,235,000 kg CO2e from Scope 1 emissions and around 220,000 kg CO2e from Scope 2 emissions. This marks a significant reduction from 2022, where emissions were approximately 2,633,000 kg CO2e, indicating a positive trend in their carbon footprint management. In 2021, the company recorded emissions of about 1,140,000 kg CO2e, with Scope 1 emissions at approximately 1,100,000 kg CO2e and Scope 2 emissions at around 34,000 kg CO2e. The data from 2020 shows even higher emissions, with Scope 1 emissions reaching about 1,565,000 kg CO2e and no reported Scope 2 emissions. Despite these reductions, Novagold has not publicly committed to specific reduction targets or initiatives, such as those aligned with the Science Based Targets initiative (SBTi). The absence of defined climate pledges suggests that while the company is making strides in reducing emissions, there is potential for further commitment to structured climate action and transparency in their sustainability efforts.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 1,565,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | - | 00,000 | 00,000 | 000,000 |
| Scope 3 | - | - | - | - |
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.
Novagold Resources is not participating in any 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.
