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New Gold Inc

Common Name
New Gold
Country
Canada
Sector
Basic Materials
Industry
Gold
Employees
N/A
Ticker
NGD
Exchange
TORONTO STOCK EXCHANGE
Description
New Gold Inc. is a Canadian intermediate gold mining company engaged in the exploration, development, and operation of mineral properties. Its core assets include the Rainy River Mine in Ontario and t...

New Gold's GHG Emissions Data Preview

In 2023, New Gold completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources) and Scope 2 (indirect emissions from purchased energy).

However, New Gold has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.

Metric (tCO2e)2023202220212020 - 2017
Total Scope 1
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0000000
Total Scope 2
Location-Based
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a
0000000
Total Scope 3
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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a
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a
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Verified Sources Behind New Gold’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore New Gold’s data sources below and access millions more through our Disclosure Search.

a. New Gold's ESG Data Spreadsheet 2023
a. New Gold's ESG Data Spreadsheet 2023

Insights into New Gold's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions ofNew Gold amounted to157,723metric tons of CO2 equivalent.This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a

Compared to 2022, the total operational greenhouse gas (GHG) emissions of New Golddecreased by 3.91%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a

New Gold's Scope 1 Emissions Over Time

2020202120222023045 k90 k135 k180 ktCO2e+2%-6%-7%
  • Total Scope 1
  • Year-over-Year Change

What are New Gold's Scope 1 emissions?

In 2023, the total Scope 1 emissions of New Gold were 142,937.3 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Has New Gold reduced its Scope 1 emissions over time?

Since 2020, New Gold's Scope 1 emissions have decreased by 9.83%, reflecting a declining long-term trend in Scope 1 emissions over time.a

Compared to the previous year(2022), New Gold's Scope 1 emissions decreased by 6.55%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a

What are New Gold's Scope 2 emissions?

In 2023, New Gold reported Scope 2 greenhouse gas (GHG) emissions of 14,785.7 tCOâ‚‚e using the location-based method.a

Has New Gold reduced its Scope 2 emissions over time?

Since 2020, New Gold's Scope 2 greenhouse gas (GHG) emissions (Location-Based)have increased by 14.11%, reflecting a rising long-term trend in Scope 2 emissions over time.a

Compared to the previous year(2022), New Gold's Scope 2 emissions(Location-Based) rose by 32.05% in 2023, suggesting that the company faced challenges in reducing emissions from purchased electricity and energya

What methodology does New Gold use for Scope 2 reporting?

In 2023, New Gold reported its Scope 2 emissions using the location-based method.a

New Gold's Scope 2 Emissions Over Time

202020212022202304 k8 k12 k16 ktCO2e
  • Total Scope 2 Location-Based

Insights into New Gold’s GHG Emissions Intensity Compared to Industry Peers

In 2023, New Gold reported Scope 1 greenhouse gas (GHG) emissions of 142,937.3 tCOâ‚‚e and total revenues of USD 786 millions. This translates into an emissions intensity of 181.74 tCOâ‚‚e per millions USD.a

New Gold's Scope 1 Emissions Intensity Compared to Peers

5,00050,000200,0002,000,00020,000,000Scope 1 Emissions (tCO2e)201001,0005,00050,000Revenues (Millions of USD)FIGPan American SilverYear: 2024Scope 1: 294,022 tCO2eRevenue: $M 3,887Scope 1 Intensity: 75.64 tCO2e/$MAlamos GoldYear: 2024Scope 1: 158,159 tCO2eRevenue: $M 1,347Scope 1 Intensity: 117.42 tCO2e/$MB2GoldYear: 2024Scope 1: 662,000 tCO2eRevenue: $M 2,623Scope 1 Intensity: 252.41 tCO2e/$MAgnico Eagle MinesYear: 2024Scope 1: 1,119,142 tCO2eRevenue: $M 11,425Scope 1 Intensity: 97.95 tCO2e/$MEldorado GoldYear: 2024Scope 1: 110,424 tCO2eRevenue: $M 1,825Scope 1 Intensity: 60.50 tCO2e/$MEquinox GoldYear: 2024Scope 1: 301,539 tCO2eRevenue: $M 1,514Scope 1 Intensity: 199.15 tCO2e/$MFFFortuna MiningYear: 2024Scope 1: 119,698 tCO2eRevenue: $M 1,491Scope 1 Intensity: 80.31 tCO2e/$MIAMGOLDYear: 2024Scope 1: 483,348 tCO2eRevenue: $M 2,252Scope 1 Intensity: 214.65 tCO2e/$MMethanexYear: 2024Scope 1: 3,863,000 tCO2eRevenue: $M 3,720Scope 1 Intensity: 1,038.49 tCO2e/$MKinross Gold Corp (Ontario)Year: 2024Scope 1: 1,078,439 tCO2eRevenue: $M 5,149Scope 1 Intensity: 209.45 tCO2e/$MBarrick MiningYear: 2024Scope 1: 6,127,000 tCO2eRevenue: $M 17,857Scope 1 Intensity: 343.12 tCO2e/$MHudbay MineralsYear: 2024Scope 1: 287,000 tCO2eRevenue: $M 2,793Scope 1 Intensity: 102.75 tCO2e/$MCapstone CopperYear: 2024Scope 1: 423,376 tCO2eRevenue: $M 1,599Scope 1 Intensity: 264.74 tCO2e/$MOceanaGoldYear: 2024Scope 1: 184,278 tCO2eRevenue: $M 1,796Scope 1 Intensity: 102.62 tCO2e/$MIIInterforYear: 2024Scope 1: 123,272 tCO2eRevenue: $M 2,102Scope 1 Intensity: 58.65 tCO2e/$MIvanhoe MinesYear: 2024Scope 1: 294,889 tCO2eRevenue: $M 41Scope 1 Intensity: 7,224.48 tCO2e/$MGGG Mining VenturesYear: 2024Scope 1: 29,950 tCO2eRevenue: $M 204Scope 1 Intensity: 146.92 tCO2e/$MLundin MiningYear: 2024Scope 1: 715,289 tCO2eRevenue: $M 4,720Scope 1 Intensity: 151.56 tCO2e/$MDPM MetalsYear: 2023Scope 1: 38,847 tCO2eRevenue: $M 520Scope 1 Intensity: 74.69 tCO2e/$MLundin GoldYear: 2024Scope 1: 35,401 tCO2eRevenue: $M 1,649Scope 1 Intensity: 21.47 tCO2e/$MNew GoldYear: 2023Scope 1: 142,937 tCO2eRevenue: $M 786Scope 1 Intensity: 181.74 tCO2e/$M

How does New Gold's GHG emissions intensity compare to its peers?

In 2023, New Gold reported a Scope 1 emissions intensity of 181.74 tCOâ‚‚e per millions USD. Compared to the peer group median of 132.17, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a

Where does New Gold rank on GHG emissions intensity within its industry?

In 2023, New Gold ranked 13 out of 20 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a

New Gold is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a

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