Newmont Eyes 2050 Carbon Neutrality - Smart Energy Decisions

GHG Emissions, Industrial  -  June 3, 2021

Newmont Eyes 2050 Carbon Neutrality

Newmont Corporation announced June 3 that it is committed to a 30% reduction in Scope 1 and 2 emissions and a 30% reduction in Scope 2 emissions by 2030, intending to be carbon neutral by 2050.

The mining company will invest $500 million over the next five years in support of these targets. The projects will include things like renewable energy, building energy efficiency into capital expenditure and adopting new technologies. 

“As we celebrate our 100th year, Newmont’s commitment to sustainable and responsible mining has never been stronger. Our sustainability report provides a comprehensive review of our safety, environmental and social performance,” Tom Palmer, president and CEO, said in a statement. “With this report we offer a transparent review of how we work toward making a positive difference in the lives of our employees, stakeholders, business partners and host communities around the world.”

Newmont had been pursuing a target of reducing its energy intensity 16.5 % by 2020, but fell just short with a 13.9% reduction due to complications in production during the COVID-19 pandemic.

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