Newmont
More information available in H2-2024

Current Score (vs. LY)

16.5 pts (-)

Last Update: Nov. 21, 2023

Current Rankings

Global: #262

S&P500: #160

Materials: #15

30.0%

Transparency

Quality of climate reporting based on public disclosures, completeness and verification of GHG emissions

18.8%

Commitments

Level of ambition through gross absolute emissions reduction and 'net zero' targets

0.0%

Results

Results and actions to deliver on commitments for real

Greenhouse Gas Emissions

Last 3 Years Emissions Data Summary

Y2021
Scope 1 1,727,000
Scope 2 - location-based 1,665,000
Scope 2 - market-based 1,834,000
Scope 1-2 - location-based 3,392,000
Scope 1-2 - market-based 3,561,000
Scope 3 5,906,000
Total - location-based 9,298,000
Total - market-based 9,467,000

Note: Data sources detailed here

Y2022 Y2021
Total CO2e estimate (by Net0Tracker) 23,278,45824,959,918
Methodology Pre-calculated sector intensity (revenue)Pre-calculated sector intensity (revenue)

Carbon emissions are estimated according to comparable years, intensity and sector benchmarks

Performance vs. Target

Note: Targets without baseline are ignored. In case several targets exist, only the shorter-term target is displayed.


Value Chain (scope 3) Emissions by Category

Emissions Trajectory (Full Scopes)


Emissions Trajectory not available



Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Sector Benchmark

Note: Latest GHG and revenue data (based on tradingview.com) are used to calculate GHG emissions intensity by sector. The color scale of each bubble depends on the GHG intensity (GHG emissions per 1 million USD revenue). Sectors follow the Global Industry Classification Standard (GICS) that organize companies based on their primary business activities. The 11 sectors are : Information Technology, Health Care, Financials, Consumer Discretionary, Communication Services, Industrials, Consumer Staples, Energy, Utilities, Real Estate, and Materials.

Newmont belongs to the sector Materials.

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Reduction and Net Zero Targets

>Note: intensity targets are not represented in the current version - see Methodology

Gross Absolute Emission Reductions

There is no absolute emission reduction recorded in our database. Email us to report missing information Email


Net Absolute Emission Reductions

There is no absolute emission reduction recorded in our database. Email us to report missing information Email


Net Zero Future Commitments

There is no net zero target recorded in our database. Email us to report missing information Email


Science-based Targets (SBTI)

Date Published / Updated :01/10/2022

Near-term Long-Term Net Zero Standard
Targets Set : Well-below 2°C by 2030 No target No

Newmont commits to reduce absolute scope 1 and 2 GHG emissions 32% by 2030 from a 2018 base year. Newmont also commits to reduce scope 1 and 2 GHG emissions 32% per Gold Equivalent Ounce (GEO) within the same timeframe. Newmont commits to reduce absolute scope 3 GHG emissions 30% by 2030 from a 2019 base year.

Data source: SBTI

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Offsets

Last update for Newmont Mining by zerotracker.net: Aug. 8, 2022
Planning to use external offset credits Yes
Separate targets for emission reductions and removals No
Conditions on use of offset credits
  • Other conditions
  • Avoid social harm
  • Avoid biodiversity harm
  • Must be high environmental integrity
Plans for carbon dioxide removal (CDR) Yes (nature-based removals e.g. Forestation, soil carbon enhancement)

Additional notes: "Carbon reduction — reduce Newmont’s carbon footprint through renewable energy, energy efficiency strategies and carbon offsetting" "Carbon offset strategy — We began developing a carbon offset strategy to prioritize emissions reduction projects with investments in nature-based solutions and offset projects considered as abatement when there are no technological solutions to meet our carbon neutral goal and/or emissions that are “hard to abate.” The strategy will pursue offset projects that have a direct impact on our operations or legacy facilities, and increase carbon storage or avoid GHG emissions through conservation, restoration and improved management of terrestrial landscapes, wetlands, and other ecosystems. We are developing a framework for the carbon offsets that includes integrating nature-based solutions and working with the International Union for the Conservation of Nature related to nature-based solutions (see the Biodiversity section for more information)." "Newmont aligns its Net Zero ambition with the Science Based Targets initiative’s definition of Net Zero, which requires no more than 10% of residual emissions are neutralized through offsets or other means." - From https://s24.q4cdn.com/382246808/files/doc_downloads/sustainability/2021-report/2021-Climate-Report.pdf

Data source from zerotracker.net - For more information, see methodology

Score Summary

Ref Principle Score
(points) 		Max
(points) 		Delta
(points)
1 At least 2 years of GHG emissions for scope 1 and 2 are publicly-available and externally-verified 0.0 10.0 -
2 Scope 3 emissions are fully reported and externally-verified 0.0 10.0 -
3 CDP score demonstrates the level of transparent disclosures 9.0 10.0 -
Transparency 9.0 30.0 -
4 Net Zero Commitments by 2050 include an intermediate target and cover all the emissions 0.0 10.0 -
5 Net Zero targets demonstrate a high-level of emergency 0.0 10.0 -
6 Emission reduction targets on a forward-looking basis are ambitious 0.0 10.0 -
7 Targets are science-based as validated by SBTi 7.5 10.0 -
Commitments 7.5 40.0 -
8 Results re. operational emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 0.0 10.0 -
9 Results re. value chain emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 0.0 10.0 -
10 Implied Temperature Rating by MSCi 0.0 10.0 -
Results 0.0 30.0 -
Total 16.5 100.0 -


Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email


Score Details

Criteria Results 2023 Score 2022 Score Vs. 2022 2021 Score
Criteria 1 : Transparency on operational emissions (Scope 1 + 2)
Are S1+S2 figures publicly-disclosed for the last reporting year and the preceding period? NC 0.0 / 5.0 -
Are S1+S2 figures verified by a 3rd-party for the last reporting year? NC 0.0/ 5.0 -
Criteria 2 : Transparency on value chain emissions (Scope 3)
Are the 15 categories fully or partly disclosed? NC 0.0 / 5.0 -
Are S3 figures fully or partly verified by a 3rd-party for the last reporting year? NC 0.0 / 5.0 -
Criteria 3 : Quality and Frequency of reporting
What is the latest CDP score (no later than the preceding year)? A- 9.0 / 10.0 -
How many interim reporting were provided between 2 reporting periods (GHG emissions only)?
Criteria 4 : Net Zero Commitments
Does the net 0 target include a statement of a generally-accepted net zero emission target by 2050? NC 0.0 / 3.0 -
Does the net zero target include an intermediate target by 2030? NC 0.0 / 3.0 -
Does the net zero target include all the emissions? NC 0.0 / 4.0 -
Criteria 5 : Target year for Net Zero Commitments
Target year for achieving net zero emissions for S1+S2? NC 0.0 / 5.0 -
Target year for achieving net zero emissions for S1+S2+S3 combined? NC 0.0 / 5.0 -
Criteria 6 : Reduction objectives
What is the forward-looking GHG% reduction (without compensation) for scope 1+2?
0.0 / 5.0 -
What is the forward-looking GHG% reduction (without compensation) for scope 1+2+3?
No target found
 0.0 / 5.0 -
Criteria 7 : Science-Based Targets
What type of science-based target (as validated by SBTi) did the company commit to? Targets Set Well-below 2°C 7.5 / 10.0 -
Criteria 8 : Results based on scope 1 - 2
Performance to date: cumulative% reduction vs. target Objective (in %):
Actual (in %):
No target found
 0.0 / 5.0 -
Momentum: last year % reduction vs. forward-looking target Objective (in %):
Actual (in %):
No target found
 0.0 / 5.0 -
Criteria 9 : Results based on scope 1 - 2 - 3
Performance to date: cumulative% reduction vs. target Objective (in %):
Actual (in %):
No target found
 0.0 / 5.0 -
Momentum: last year % reduction vs. forward-looking target Objective (in %):
Actual (in %):
No target found
 0.0 / 5.0 -
Criteria 10 : Implied Temperature Rise (ITR)
Is the company aligned with global climate targets? ITR: None°C 0.0 / 10.0 -
Total 16.5 / 100.0 -


Available Data Sources

Reporting Year 2021
Source Yourstake
Publication Year 2022
Scope 1 1,727,000
Scope 2 - location-based 1,665,000
Scope 2 - market-based 1,834,000
Scope 1-2 - location-based 3,392,000
Scope 1-2 - market-based 3,561,000
Scope 3 5,906,000
Total - location-based 9,298,000
Total - market-based 9,467,000

Sources

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

© Vincent Manier - September 2021 About us . Keep in touch . Blog