New Gold Sustainability Profile
New Gold Inc., a prominent player in the mining industry, is headquartered in Canada and operates primarily in North America. Founded in 1980, the company has established itself as a leader in the production of gold and copper, with significant operations in British Columbia and Ontario. Specialising in the development and operation of mineral properties, New Gold is known for its flagship assets, including the Rainy River and New Afton mines. These projects are distinguished by their commitment to sustainable practices and innovative extraction techniques. With a strong market position, New Gold has achieved notable milestones, including successful expansions and a focus on responsible mining. The company continues to enhance its reputation through strategic partnerships and a dedication to environmental stewardship, making it a key player in the global mining sector.
DitchCarbon Score
How does New Gold'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 Precious Metal 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
New Gold's score of 26 is higher than 58% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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New Gold's reported carbon emissions
In 2024, New Gold reported total carbon emissions of approximately 143,435,000 kg CO2e, comprising 124,199,000 kg CO2e from Scope 1 and 19,235,000 kg CO2e from Scope 2. This marks a reduction from 2023, where emissions totalled about 155,687,000 kg CO2e, with Scope 1 emissions at 140,464,000 kg CO2e and Scope 2 at 15,224,000 kg CO2e. New Gold has set ambitious climate commitments, aiming to reduce both Scope 1 and Scope 2 emissions by 30% by 2030, using a 2020 baseline. This commitment, announced in 2021, focuses on enhancing electrification and implementing energy-reduction strategies. The company is currently on track to meet its near-term targets, demonstrating a proactive approach to climate action. The GHG intensity across New Gold's operations has also been reported, with figures of 340.0 kg CO2e per ounce in 2024 and 370.0 kg CO2e per ounce in 2023, indicating a focus on improving operational efficiency. New Gold's emissions data is independently reported and does not cascade from any parent organization, ensuring transparency in its sustainability efforts.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 163,709,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 7,686,000 | 00,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | - | - |
How Carbon Intensive is New Gold's Industry?
How Carbon Intensive is New Gold's Location?
New Gold'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.
New Gold has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
