Our Approach to
Sustainability

Sustainability is one of Newmont’s core values, and we are committed to serving as a catalyst for positive change and sustainable development through leading environmental stewardship, social responsibility and governance practices.

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 and assess our current, near-term and emerging sustainability issues. Our assessment follows the GRI’s guidance for determining material topics and includes the Sustainability Accounting Standards Board (SASB) material topics for our sector. Click on the topics below to learn more.

Corporate Governance
Business Integrity and Compliance
Risk Management System
Sustainability Compliance and Assurance
Responsible Sourcing
Health, Safety and Security
People and Culture
Human Rights
Social Acceptance
Energy and Climate Change
Water Stewardship
Tailings Management
Biodiversity
Closure and Reclamation
Materials
Value Sharing

Public Targets

As the demand for corporate transparency grows, so does the expectation for public sustainability targets. Setting and reporting on public targets shows our commitment to transparency, supports our ability to manage risks and provides insight into our performance, including sustainability-related impacts. Newmont has publicly reported performance against our targets since 2015.

Target definition 2023 Performance Commentary 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
Details about our energy use and greenhouse gas emissions performance by site and over the past five years will be included in our 2023 Climate Performance disclosure, which will be published in May 2024.
Energy and Climate Change
Water stewardship
All sites achieve annual site targets, including action plans, for participating in multi-stakeholder watershed governance bodies that support collective action/management of water, and improving water quality and quantity Mostly met
Across all 12 sites, 82 of 103 action plans (around 80%) were completed in 2023. Three were canceled due to no longer being relevant, and the remaining were deferred to 2024.
Water Stewardship
Water efficiency
All sites to achieve annual water efficiency targets that support an overall reduction in fresh water of more than 5%, with sites in water-stressed areas to reduce overall fresh water consumption by at least 10%*
*
From the 2018 baseline
Mostly met
All but one site (Cerro Negro) achieved their annual site-specific water efficiency targets. Overall, Newmont has reduced fresh water consumption at our 12 operating sites by 26% from the 2018 baseline.
Although three of our four water-stressed sites (CC&V, Peñasquito and Tanami) achieved their annual water efficiency targets, Cerro Negro fell short due to requiring additional water to restore the pond levels needed to operate the reclaim barge pump operation, and we did not meet our target to reduce overall fresh water consumption at these four sites by 10% compared to our 2018 baseline.
Water Stewardship
Closure and reclamation
Achieve 95% of planned reclamation activities/associated actions across the Company Met
Our target was to complete at least 143 hectares of concurrent reclamation, and we reclaimed 165 hectares during the year. Nine of our 12 operating sites met or exceeded their reclamation activity targets for 2023. Peñasquito missed its target due to the four-month-long strike that suspended operations. Both Akyem and Musselwhite completed 90% of their planned reclamation activities.
Closure and Reclamation
MetMet Mostly metMostly met OngoingOngoing Not metNot met
Target definition 2023 Performance Commentary More information
Local/Indigenous employment
All sites achieve local/Indigenous targets as defined in formal community agreements or defined by site Not met
Of the 11 operating sites with a local or Indigenous employment target, five met or exceeded their target.
Value Sharing
Local/Indigenous procurement
All sites achieve spend target with local/Indigenous suppliers Mostly met
Globally, Newmont spent $1.4 billion with local/Indigenous suppliers, exceeding our overall target of $1.209 billion. Nine operating sites met or exceeded their target while three fell short.
Value Sharing
Met iconMet Mostly met iconMostly met Ongoing iconOngoing Not met iconNot 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.