New Gold Reduces Emissions by 8% - Smart Energy Decisions

Distributed Energy Resources, Energy Efficiency, GHG Emissions  -  June 4, 2024

New Gold Reduces Emissions by 8%

New Gold,  a Canadian-focused intermediate mining company, announced that across its operations, the company achieved a 4% reduction in Scope 1 and 2 GHG emissions from 2022 with an overall 8% reduction from its 2020 baseline year. 

The reductions were achieved through increased use of battery electric production vehicles at New Afton and increased emissions tracking and mitigation practices at Rainy River.

New Gold provided details in its 2023 Environmental, Social and Governance Reports (the "2023 ESG Reports") and its 2023 Task Force on Climate-Related Financial Disclosures Report (the "TCFD Report"). 

"New Gold's impressive sustainability performance in 2023 was made possible by the dedicated teams working on the ground to advance our environmental, social and governance performance," said Patrick Godin, President and CEO, in a statement. "These 2023 ESG Reports capture our achievements over the past year, but they also showcase the spirit of who we are."

New Gold's 2023 ESG Reports were prepared in alignment with the Global Reporting Initiative (GRI) Standards, the Sustainability Accounting Standards Board (SASB) Metals and Mining Standards, the Mining Local Procurement Reporting Mechanism (LPRM) and Task Force on Climate-Related Financial Disclosures (TCFD) recommendations.

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