Newmont, a leading mining company, has set target for net zero by 2050. The company aims to achieve a 32% reduction in scope 1 and 2 emissions (2018 baseline year), and 30% reduction in Scope 3 emissions by 2030 compared to baseline in 2019. It also aims for 32% reduction of Scope 1 and 2 emissions intensity (thousand tonnes of carbon dioxide equivalent) by 2030. In 2022, the company reported 1.731 million tCO2e for Scope 1.539 million tCO2e for Scope 2, and 5.120 million tCO2e for Scope 3, while Scope 1 and 2 (market-based) GHG emissions intensity was 0.57 tonnes CO2e per thousand GEO. In 2022, the company achieved an 8% reduction in absolute Scope 1 and Scope 2 emissions from the 2018 baseline, and a 10% decrease in Scope 3 emissions compared to the 2019 baseline.

The company recognizes the importance of monitoring and reducing its GHG emissions. By disclosing its emissions data, Newmont aims to enhance transparency and accountability in its sustainability efforts. To achieve its net-zero targets, Newmont has taken several steps and plans to continue implementing emission reduction measures. The company has already made investments in technologies and practices that reduce its carbon footprint. These initiatives include energy efficiency improvements, the adoption of renewable energy sources, and the implementation of innovative mining techniques.

In conclusion, Newmont is dedicated to achieving carbon neutrality by 2050 and has set specific goals to reduce its Scope 1, Scope 2, and Scope 3 emissions. The company recognizes the importance of disclosing its emissions data and managing the associated risks. Through investments in emission reduction measures and sustainable practices, Newmont is actively working towards its net-zero targets and contributing to global efforts to combat climate change.

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