Skip to main content
Toggle Button

Investing $500 Million to Address Climate Change

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.

Newmont Climate Change Commitment

We are committing to industry-leading climate targets of 30% reduction in greenhouse gas (GHG) emissions by 2030, with an ultimate goal of achieving net zero carbon emissions by 2050. The new 2030 target builds upon Newmont’s existing GHG emissions reductions target of 16.5% over five years, concluding in 2020.

Message from the CEO

“At Newmont, we hold ourselves to high standards — from the way in which we govern our business, to how we manage relationships with our stakeholders, to our environmental stewardship and safety practices. We fundamentally understand the human contribution to climate change and understand we reap what we sow. It is our responsibility to take care of the resources provided to us. We take these climate change commitments seriously, and make them because our relationship with the planet is absolute. We want a world that is not just sustainable, but thriving for generations to come.”

Newmont’s Commitment to ESG Practices and the Achievement of Our Climate Targets

Focusing on leading environmental, social and governance practices has been a core part of Newmont’s values for more than 30 years. It is a key part of how we make investment decisions and central to our culture and purpose: to create value and improve lives through sustainable and responsible mining.

Our Approach will include:

  • Continuing to value robust governance and transparent reporting;
  • Further expanding our mines from surface mines to underground mining operations;
  • Examining the use of renewable energy projects including wind and solar power, as well as the use of micro-grid technologies;
  • Building further energy efficiency into our capital expenditures;
  • Utilizing our extensive land position to support carbon offsets;
  • Establishing targets and expectations of our partners and joint ventures.
Related News Release

A key part of Newmont’s accountability in reaching our targets will be reporting via The Climate-Related Financial Disclosures (TCFD) guidelines. In 2021 the Company will issue its first annual TCFD report. The TCFD report will detail Newmont’s governance, strategy and portfolio resilience to a range of climate scenarios. The TCFD report will also track the Company’s annual progress toward implementing its 2030 strategy, meeting its 2030 targets and executing emissions reduction projects across its global portfolio.

At Newmont, our purpose is to create value and improve lives through sustainable and responsible mining. To learn more about Newmont’s sustainability strategy and initiatives, visit our sustainability page.