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 30% reduction in greenhouse gas (GHG) emissions by 2030, with an ultimate goal of achieving net zero carbon emissions by 2050. In 2020, Newmont committed to investing $500 million over the next five years to support the pathways required to reach our ambitious targets.

Newmont Strategy Report

Climate Strategy Report

Newmont’s Climate Strategy Report is our annual disclosure of our energy and climate strategy, with respective updates. We prepared this report in accordance with the Task Force on Climate-related Financial Disclosures (TCFD) recommendations as well as the TCFD supplemental disclosures for the Materials and Buildings Group, which include the metals and mining industry.

Read the report

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.

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.