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Our Approach to
Sustainability

As a core value, sustainability is integrated throughout Newmont. It guides our decisions and actions and drives our commitment to making a positive impact. Through our global strategies, we aim to lead with purpose in prioritizing health and safety, protecting the environment, respecting human rights, supporting our people, acting with integrity and helping build strong communities.

Our Sustainability, People, and Health, Safety and Security Strategies address the growing expectations of investors, governments, communities and other key stakeholders and aim to drive performance through clear targets, open communications and transparent reporting.

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Priority Topics

Each year, we conduct a materiality assessment to identify, assess and prioritize our current, near-term and emerging sustainability issues. Our assessment follows the GRI (formerly known as the Global Reporting Initiative) guidance for determining material topics and includes the Sustainability Accounting Standards Board (SASB) material topics for our sector.

Water use, reuse and replenishment
Local and Indigenous community rights
Land and resource rights
Water quality and pollution
Climate change risk, resilience and adaptation
Community relations, engagement and consultation
Worker health, safety and wellbeing
Tailings management and safety
Corruption and bribery
Community health, safety and security
Greenhouse gas emissions

Public Targets

Public sustainability targets reflect our commitment to transparency, help manage risks and offer insights into our sustainability performance. Since 2015, Newmont has been reporting on our progress toward these targets.

Social Environment Value Sharing
Target definition 2024 Performance Commentary 2025 Target More information
Climate
Achieve the following by 2030:*
  • Reduce absolute GHG emissions (Scope 1 and 2) by 32%
  • Reduce GHG emissions intensity (Scope 1 and 2) by 32%
  • Reduce absolute Scope 3 emissions (i.e., joint venture assets and supply chain) by 30%

*
Compared to 2018 (Scope 1 and 2) and 2019 (Scope 3) baseline
Ongoing icon
Our climate targets are aspirational and may change if there is a material adjustment of 5% or more – such as from a divestiture, acquisition or methodology change – which would require rebaselining. We are currently reviewing our 2030 target and emissions reduction pathways, and updating baseline data to reflect Newmont’s portfolio following the sale of non-core operating assets.
Details about our energy use and greenhouse gas emissions performance by site and over the past five years are included in our 2024 Performance Data tables.
2030 target is under review
 Energy and Climate Change
Water stewardship
All sites achieve annual site targets for participating in multi-stakeholder watershed governance bodies that support collective action/management of water, and improving water quality and quantity Mostly met icon
In 2024, eight out of 16 sites met or mostly met the target, completing 121 of 172 (around 70%) of their actions. Resource constraints, supply chain delays and reprioritization led to many of the remaining actions being deferred to 2025, while 19 actions were canceled as they were no longer deemed relevant.
Target remains the same
 Water Stewardship
Water efficiency
All sites aim to maintain a greater-than-5% reduction in fresh water consumption, and sites in water-stressed areas aim to reduce consumption by at least 10%*
*
From the 2018 baseline
 Met icon
Overall water consumption across our sites decreased by 7 percent compared to the 2018 baseline. At the three water-stressed sites – CC&V, Cerro Negro and Peñasquito – water consumption decreased by 17 percent compared to the 2018 baseline. All sites except Boddington met their annual water efficiency targets.
Each site will aim to continuously improve water efficiency according to a site-specific water target
 Water Stewardship
Closure and reclamation
Achieve 95% of planned reclamation activities/associated actions across the Company Met icon
We completed 192 hectares of reclamation, exceeding our concurrent reclamation target of 162 hectares, with Cerro Negro, Merian and Telfer reclaiming more land than planned1.
Nine of our operating sites met or exceeded their reclamation activity plans for the year, while seven sites achieved 80% of more of their planned actions. Some sites did not fully meet their targets due to delays in establishing trial plots, which were postponed for safety and operational concerns, as well as delays in studies and resource constraints.
Target remains the same
 Closure and Reclamation
1
Data from the Telfer operation is not included in our 2024 Performance Data tables due to timing of the divestiture; however, our 2024 closure and reclamation target includes Telfer because the reclamation work was completed before the sale closed in December 2024. Total hectares reclaimed reported here (192 hectares) differs from total hectares reclaimed as reported in our Performance Data closure and reclamation tables.
Met icon Met Mostly met icon Mostly met Ongoing icon Ongoing Not met icon Not met
Target definition 2024 Performance Commentary 2025 Target More information
Local/Indigenous employment
All sites achieve local/Indigenous targets as defined in formal community agreements or as defined by site Not met icon
Of the 15 operating sites with a local or Indigenous employment target, seven met or exceeded their 2024 goals. Of the seven sites that missed their annual target, two achieved over 90% of their goal, four surpassed 80% and one achieved 66%. At our Ahafo operation, which has a longer-term target for 2026 rather than an annual one, progress continued toward the goal.
See Value Sharing for 2025 site targets
Value Sharing
Local/Indigenous procurement
All sites achieve spend target with local/Indigenous suppliers Met icon
Globally, Newmont spent $1.521 billion with local/Indigenous suppliers, exceeding our overall target of $1.364 billion. Ten operating sites met or exceeded their targets while two fell short.
As discussed in the Value Sharing section, targets for 2025 are being finalized
 Value Sharing
Met icon Met Mostly met icon Mostly met Ongoing icon Ongoing Not met icon Not met

Stakeholder Engagement

We consider any person or organization potentially impacted by our activities or influential to our success to be a stakeholder. All our operations develop stakeholder engagement plans to ensure we identify key stakeholders, maintain ongoing and honest dialogue, and provide transparent, timely and fact-based communications in an accessible and clear manner.

The method, approach and frequency of engagement vary depending on the stakeholder’s area of interest and preference for engagement. An overview of our approach to engaging with our main stakeholders is described in the link below, with additional detail provided throughout the Sustainability Report.

For more information regarding Stakeholder Claims, Events and Newmont’s Responses, click here.

Learn more about our approach to Stakeholder Engagement.

Voluntary Commitments & Disclosures

Newmont voluntarily participates in global, regional, national and local organizations and initiatives that provide a framework for action, a means for independently measuring performance and a forum to learn and share best practices.

These memberships and voluntary commitments reflect our values, demonstrate our commitment to collaboration and transparency, and allow stakeholders to hold us accountable.

Responsible Mining Standards and Disclosures(opens in a new window)
Supporting UN SDG's(opens in a new window)