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Climate Report

2021 Climate Report

Prepared in alignment with the Recommendations of the Task Force on Climate-related Financial Disclosures (TCFD), Newmont’s 2021 Climate Report outlines our approach to managing climate related risks and opportunities for our business, our strategy and financial planning. The report further details the efforts necessary to maintain operational resilience under different climate-related scenarios.

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Embedding Climate Strategy Across Our Business

At Newmont, we believe climate change is one of the greatest existential threats to our industry and the world that’s solvable with bold thinking and action. Since announcing our climate change targets in 2020, we have taken bold, decisive steps to reduce our greenhouse gas emissions by launching the industry’s first fully autonomous haulage fleet in Boddington and announcing a strategic alliance with Caterpillar intended to transform our operations into an integrated zero emissions mining system.

Newmont Climate Change Commitment

We are committing to industry-leading climate targets of 32% reduction of Scope 1 and 2 emissions and 30% reduction of Scope 3 emissions by 2030, with the ultimate goal to be carbon neutral by 2050. In 2020, Newmont committed to investing $500 million over five years to support the pathways required to reach our ambitious targets.

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

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.