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 products, 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;
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.
Leadership Insights
Newmont continues to lead the industry in its ESG practices and looks far beyond today’s actions to identify and understand potential threats and opportunities to the Company’s business activities, the industry overall, and issues important to our stakeholders. The following four "megatrends" are examined in this year's report through the Leadership Insights series:
Mining’s Responsibility for a Just Transition
Peter Toth, Executive Vice President and Chief Strategy and Sustainability Officer, discusses the 'just transition' movement, how it's being implemented in the mining industry and the challenges and opportunities it presents.
Adapting to Climate Change
Biana Gunn, Group Executive, Environment, discusses how the transition to decarbonization will pose challenges to our workforces and surrounding communities. She also shares her thoughts on how planning and implementing decarbonization and adaptation measures requires understanding areas of interaction (power, infrastructure and land) as well as the potential beneficial and negative effects on people and the environment.
Human-Centered Approach
Nick Cotts, Senior Vice President, External Relations, shares why it’s important that companies take a human-centered approach as it relates to a ‘just transition.’
Evolution of the Workforce
Melissa Gustafson, Vice President, Human Resources, examines the evolution of our workforce as it relates to a ‘just transition’ and its impact on talent and skill requirements.