GlobalData offers a comprehensive analysis of Newmont, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of Net Zero and associated ESG keywords, GlobalData delivers valuable information on Newmont‘s ESG performance. GlobalData’s company profile on Newmont offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
Newmont, a leading gold mining company, has committed to greenhouse gas emissions targets of a reduction of 32% for Scope 1 and 2 emissions (2018 baseline year) and a reduction of 30% for Scope 3 by 2030 (2019 baseline year). In addition, the company aims to achieve net-zero carbon emissions by 2050. Newmont’s latest filings mentioned the keywords ‘Emissions’ and ‘Carbon’ most number of times in relation to 'Net Zero'.
The company has recognized the importance of net-zero targets and has taken steps to reduce its carbon emissions. Newmont has been working towards reducing its carbon emissions. In 2022, the company reported its Scope 1 (direct) emissions at 1.73 million tonnes of CO2, Scope 2 (indirect) emissions at 1.53 million tonnes of CO2, and Scope 3 emissions at 5.12 million tonnes of CO2. In 2021, the company announced Vision Zero, a groundbreaking strategic alliance with Caterpillar. This alliance is integral to its decarbonization roadmap and reaching its 2050 carbon-neutral goal by developing and implementing the next generation of mining, including the deployment of zero-emission and battery electric autonomous haul systems for surface and underground operations.
To achieve its net-zero targets, Newmont has taken several steps to reduce its carbon emissions. The company has invested in renewable energy sources, such as wind and solar power, to reduce its Scope 2 emissions. Newmont has also implemented energy efficiency measures, such as using LED lighting and optimizing its mining fleet, to reduce its Scope 1 emissions. The company has also set targets to reduce its Scope 3 emissions by engaging with its suppliers and reducing its transportation emissions. The company has also reduced its Scope 3 emissions by 10% since 2018. Newmont has set ambitious targets to further reduce its carbon emissions and achieve its net-zero targets.
In conclusion, Newmont has recognized the importance of net-zero targets and has set a goal to achieve by 2050. Newmont has taken several steps to reduce its carbon emissions and has achieved significant progress in reducing its Scope 1, Scope 2, and Scope 3 emissions. The company has set ambitious targets to further reduce its carbon emissions and achieve its net-zero targets.