Newmont Corporation

Gold
NEM
$ 42 (1)%
Share price
$ 33 bn
Market Cap
$ 35 bn
Enterprise Value

Carbon footprint

103 Ton
GHG emissions per $ 1 mln investment
2.6x the weighted average for S&P 500
FY2021
How is this calculated?
+3.1%
YOY change in GHG emissions
Weaker than the +4.9% weighted average for S&P 500
FY2021 vs. previous year

Primary Climate Goal

-3.5%
Proj. YOY change in GHG emissions (Scope 1 + 2)
Weaker than the -6.6% weighted average for S&P 500
FY2022
How is this calculated?

Newmont Corporation aims to reduce Scope 1 + 2 by 32% by 2030 from a base year 2018


<2°C
Newmont Corporation's actual and proj. GHG emissions (Scope 1 + 2) (Kt of CO2e)

Secondary Climate Goal

-3.4%
Proj. YOY change in GHG emissions (all Scopes)
Weaker than the -7.1% weighted average for S&P 500
FY2022
How is this calculated?

Newmont Corporation aims to achieve carbon neutrality for all Scopes by 2050


This target has not been verified as science based according to SBTi
Newmont Corporation's actual and proj. GHG emissions (all Scopes) (Kt of CO2e)

GHG emissions and Carbon intensity

Newmont Corporation's GHG emissions (market-based) (Kt of CO2e)
Newmont Corporation's Carbon intensity (Tons per 1 USDm)

Newmont Corporation's carbon footprint

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 301 t (-40 /-11.8% 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.

Company environmental metrics

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