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 23 is higher than 84% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Novagold Resources's reported carbon emissions
In 2023, Novagold Resources reported carbon emissions of approximately 1,235,000 kg CO2e, with all emissions classified under Scope 1, as there were no Scope 2 emissions recorded. This represents a significant reduction from 2022, where emissions were about 2,633,000 kg CO2e. The company also reported emissions of approximately 1,100,000 kg CO2e in 2021 and about 1,565,000 kg CO2e in 2020, indicating a fluctuating trend in their carbon footprint over the past few years. Despite these figures, Novagold has not established specific reduction targets or initiatives as part of their climate commitments. The absence of documented reduction targets suggests that while the company is aware of its emissions, it has yet to formalise a comprehensive strategy to address climate change. As the mining industry increasingly faces scrutiny over environmental impacts, Novagold's future commitments will be crucial in aligning with global climate goals.
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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 | - |
| 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 committed to any reduction initiatives 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.
