Newmont Corporation

Newmont Corporation reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 3,561 Kt (+106/+3.1% y-o-y). At the sime time, carbon intensity decreased to 291 t (-9.1 /-3% y-o-y).

Newmont Corporation's Scope 3 emissions increased marginally to 5,906 Kt (+23/+0.4% y-o-y). The growth has slowed compared to the trend since 4Q'19 (CAGR +1.1%).

The company is committed to reducing Scope 1 + 2 by 32% by 2030 from a base year 2018, which translates into the estimated reduction of -126 Kt per annum over the period of FY2022 - FY2030. This science-based target is aligned with Paris Agreement to limit global warming to <2°C above pre-industrial levels.

Also, the company commits to achieving carbon neutrality for all Scopes by 2050, which translates into the estimated reduction of -326 Kt per annum over the period of FY2022 - FY2050. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Also, the company commits to reducing Scope 3 by 30% by 2030 from a base year 2019, which translates into the estimated reduction of -212 Kt per annum over the period of FY2022 - FY2030. This science-based target is aligned with Paris Agreement to limit global warming to <2°C above pre-industrial levels.

Newmont Corporation aims to achive carbon neutrality across its entire value chain (all Scopes) in 2050. Companies normally become carbon neutral with the help of the acquisition of carbon offsets rather than absolute reductions in their own greenhouse emissions. Also, carbon neutrality does not include non-CO2 GHG emissions.