Governance

Our business is anchored in our values and guided by our purpose: to create value and improve lives through sustainable and responsible mining. Our commitment to environmental, social and governance (ESG) principles is fundamental to achieving our purpose.

Our priority topics under Governance consist of Corporate Governance, Business Integrity and Compliance, Risk Management, Compliance and Assurance, and Responsible Sourcing. Learn more below.

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Over 63 percent of Board members are gender or ethnically diverse
Assessed and identified 33 highly material sustainability issues on which we focus our public disclosures

Strong corporate governance – which requires constructive relationships among stakeholders and a clear structure of policies, standards, processes and responsibilities – helps control risk, supports ethical conduct and effectively guides the direction and operation of the Company. At Newmont, management accountability and active oversight of an experienced, diverse Board are integral to having a culture of integrity, meeting stakeholder expectations and fulfilling our sustainability commitments.

More than 11,000 integrity and compliance employee interactions, both online and in person throughout 2023
Advanced Respect at Work Program to eliminate disrespectful behaviors and foster a work environment where everyone is treated with respect and dignity
Over 70 business leaders were personally certified each quarter in 2023 to uphold our anti-corruption commitment

Acting and operating with integrity are essential for companies to earn the trust of stakeholders and prevent corruption and conflicts of interest. At Newmont, this understanding shapes our short- and long-term goals and helps prevent financial, societal and reputational harm. As a core value, integrity guides our day-to-day conduct. At the same time, our global Business Integrity and Compliance program establishes strong compliance controls and fosters a workplace culture where everyone can act honestly and ethically.

Completed enterprise risk assessment with the Executive Leadership Team t identify the risks most critical to achieving short and long-term strategic objectives
Implemented a standardized risk assessment approach across sites and functions in 2023

Managing top risks is a priority for companies and stakeholders. This is especially true of mining companies due to their broad risk profile. Identifying, defining, assessing and mitigating risks are critical to delivering on our Corporate Strategy and our commitment to sustainability. Newmont’s redesigned global Risk Management System framework has clearly defined processes to manage both risks and opportunities across the business.

Learn more about our Risk Management System on pages 39-40 of our 2023 Sustainability Report(opens in a new window).

Completed compliance audits and developed action plans to address gaps at three sites – Ahafo South, Akyem and Boddington in 2023
All 12 of our operating sites, in 2023, completed their CVCA self-assessments, which highlighted broad alignment with the Risk Readiness Assessment

Complying with all applicable laws and regulations is always a business imperative. We build trust and meet stakeholder expectations by adhering to high standards, following responsible business practices and fulfilling our commitments. At Newmont, our compliance programs establish the systems that allow us to manage and verify adherence to our obligations while identifying opportunities for continuous improvement.

Learn more about our Sustainability Compliance and Assurance on pages 41-44 of our 2023 Sustainability Report(opens in a new window).

100

percent of our suppliers with potential extreme or high risks had approved risk mitigation plans (supplier management plans) in place by the end of 2023

Conducted a human rights training for over 180 suppliers in Australia, Ghana, Peru, Suriname and the U.S.
Full implementation of Supplier Risk Management Program at seven operating sites and the corporate office in 2023

When it comes to a company’s value chain, it is crucial to ensure that each entity and person along the chain acts responsibly. Newmont’s value chain includes approximately 8,500 direct suppliers, smelters and refineries worldwide. To be recognized as a responsible mining company, Newmont works throughout our value chain to align our risk assessment and due diligence practices with the expectations of key stakeholders.