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Newmont Announces $500 Million Investment to Address Climate Change

December 10, 2020

At Newmont, we take climate change seriously and recognize that our relationship with the planet is absolute. We want a world that is not just sustainable, but also thriving for generations to come. As part of this, Newmont recently committed to meet an industry-leading climate target of 30% reduction in greenhouse gas (GHG) emissions by 2030, with an ultimate goal of becoming net zero carbon by 2050. As a part of this commitment, we will be investing $500 million in climate change initiatives over the next five years, from 2021 through 2025.

This investment will help to identify and build the pathways necessary to meet our GHG emissions reduction targets through the use of a variety of technologies, including renewable energy, electrification, fuel switching and carbon capture.

These pathways will include investigatory projects such as the piloting of new technologies, investing in renewable energy and improving microgrid energy storage. Newmont is also implementing a new energy and climate investment standard to drive energy efficiency improvements, formalize the incorporation of microgrid technologies and integrate energy metrics into our process control systems.


Watch the video to learn more:


Focusing on leading environmental, social and governance (ESG) practices is a core part of Newmont’s values. It is central to how we make business decisions, but also to both our culture and purpose: to create value and improve lives through sustainable and responsible mining. To learn more about Newmont’s recently stated climate commitment, you can view President and CEO Tom Palmer discussing our industry-leading climate targets.



Newmont is the world’s leading gold company, with the best portfolio of operations and projects in top-tier jurisdictions as well as a track record of industry-leading shareholder returns and a disciplined capital allocation philosophy.