Climate Change

Climate change remains an existential threat to humanity. As the world's leading gold mining company, we have a responsiblilty to take action toward a more resilient low-carbon economy and to do so in a way that is just and maximizes social and economic opportunities.

We introduced our Energy and Climate Strategy in 2015 and updated the strategy in 2016 to align our efforts with the International Council on Mining and Metals’ 2015 Climate Change Position Statement and the Paris Agreement. The five pillars of the strategy focus on Supply, Cost Efficiency, Collaboration, Carbon Reduction and Adaptation – enabling us to achieve our objectives and support the transition to a low-carbon economy. Learn more about Newmont’s energy and climate change efforts in the report below.

2022 Climate Report

Cover of 2022 Climate Report

Prepared in alignment with the Recommendations of the Task Force on Climate-related Financial Disclosures (TCFD), Newmont's 2022 Climate Report outlines our approach to managing climate-related risks and opportunities for our business, our strategy and financial planning. The report further details the efforts necessary to maintain operational resilience under different climate-related scenarios.

Resource Documents

Newmont's Commitment to ESG Practices and the Achievement of Our Climate Targets

Focusing on leading environmental, social and governance practices has been a core part of Newmont's values for more than 30 years. It is a key part of how we make investment decisions and central to our culture and purpose: to create value and improve lives through sustainable and responsible mining.

Our approach will include:

  • Continuing to value robust governance and transparent reporting;
  • Further expanding our mines from surface mines to underground mining operations;
  • Examining the use of renewable energy products, including wind and solar power, as well as the use of micro-grid technologies;
  • Building further energy efficiency into our capital expenditures;
  • Utilizing our extensive land position to support carbon offsets;
  • Establishing targets and expectations of our partners and joint ventures;

At Newmont, our purpose is to create value and improve lives through sustainable and responsible mining. To learn more about Newmont's sustainability strategy and initiatives, visit our sustainability page.

Leadership Insights

Newmont continues to lead the industry in its ESG practices and looks far beyond today’s actions to identify and understand potential threats and opportunities to the Company’s business activities, the industry overall, and issues important to our stakeholders. The following four "megatrends" are examined in this year's report through the Leadership Insights series:

Mining’s Responsibility for a Just Transition

Peter Toth, Executive Vice President and Chief Strategy and Sustainability Officer, discusses the 'just transition' movement, how it's being implemented in the mining industry and the challenges and opportunities it presents.

Adapting to Climate Change

Biana Gunn, Group Executive, Environment, discusses how the transition to decarbonization will pose challenges to our workforces and surrounding communities. She also shares her thoughts on how planning and implementing decarbonization and adaptation measures requires understanding areas of interaction (power, infrastructure and land) as well as the potential beneficial and negative effects on people and the environment.

Human-Centered Approach

Nick Cotts, Senior Vice President, External Relations, shares why it’s important that companies take a human-centered approach as it relates to a ‘just transition.’

Evolution of the Workforce

Melissa Gustafson, Vice President, Human Resources, examines the evolution of our workforce as it relates to a ‘just transition’ and its impact on talent and skill requirements.

Public Targets

2022 Reporting Downloads

Previous Climate Reports