Newmont Corporation

Common Name
Newmont
Country
United States
Sector
Basic Materials
Industry
Gold
Employees
22,200
Ticker
NEM
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
Newmont Corporation is a leading entity in the gold mining industry, primarily focused on the production and exploration of precious metals. As one of the world's largest gold producers, Newmont plays...

Newmont's GHG Emissions Data Preview

In 2024, Newmont 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), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).

Newmont has also provided a category-level breakdown for 12 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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0000000
Location-Based
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0000000
Total Scope 3
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0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind Newmont’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 Newmont’s data sources below and access millions more through our Disclosure Search.

a. Newmont's ESG Data Spreadsheet 2024
a. Newmont's ESG Data Spreadsheet 2024
b. Newmont's CDP Climate sourced from company’s website 2020
b. Newmont's CDP Climate sourced from company’s website 2020
c. Newmont's CDP Climate sourced from company’s website 2019
c. Newmont's CDP Climate sourced from company’s website 2019

Insights into Newmont's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of Newmont amounted to 4,839,000 metric 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 2023, the total operational greenhouse gas (GHG) emissions of Newmont increased by 6.59%, suggesting that the company faced challenges in reducing its emissions from its core operations. a

Newmont's Scope 1 Emissions Over Time

20182019202020212022202320240700 k1.4 M2.1 M2.8 MtCO2e-17%+70%-1%0%-5%+7%
  • Total Scope 1
  • Year-over-Year Change

What are Newmont's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Newmont were 2,728,000 metric tons of CO₂ equivalent (tCO₂e). a

Has Newmont reduced its Scope 1 emissions over time?

Since 2018, Newmont's Scope 1 emissions have increased by 41.63%, reflecting a rising long-term trend in Scope 1 emissions over time. a b

Compared to the previous year (2023), Newmont's Scope 1 emissions increased by 6.73%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a

What are Newmont's Scope 2 emissions?

In 2024, Newmont reported Scope 2 greenhouse gas (GHG) emissions of 2,305,000 tCO₂e using the market-based method and 2,111,000 tCO₂e using the location-based method. a

Has Newmont reduced its Scope 2 emissions over time?

Since 2018, Newmont's Scope 2 greenhouse gas (GHG) emissions ( Location-Based) have increased by 15.26%, reflecting a rising long-term trend in Scope 2 emissions over time. a b

Compared to the previous year (2023), Newmont's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Newmont 's emissions have plateaued with no significant change in its energy consumption footprint. a

What methodology does Newmont use for Scope 2 reporting?

In 2024, Newmont reported its Scope 2 emissions using the market-based method and using the location-based method. a

Newmont's Scope 2 Emissions Over Time

20182019202020212022202320240750 k1.5 M2.25 M3 MtCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Newmont's Value Chain Emissions

In 2024, Newmont reported 6,613,000 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a

The 2024 disclosure of Newmont includes a breakdown across 9 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year. a

Newmont's Scope 3 Emissions Over Time

201820192020202120222023202402 M4 M6 M8 MtCO2e-11%+22%0%-9%-5%+9%
  • Total Scope 3
  • Year-over-Year Change

What are Newmont's Scope 3 emissions?

In 2024, Newmont reported total Scope 3 emissions of 6,613,000 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 56.49% of these emissions originated from upstream activities such as purchased goods and capital goods, while 43.51% came from downstream activities like product use, distribution, and end-of-life treatment. a

Has Newmont reduced its Scope 3 emissions over time?

Since 2018, Newmont's Scope 3 emissions have remained relatively stable, indicating that Newmont 's emissions have plateaued with no significant change in its value chain footprint. a c

Compared to the previous year (2023), Newmont's Scope 3 emissions remained relatively stable, indicating that Newmont 's emissions have plateaued with no significant change in its value chain footprint. a

What categories of Scope 3 emissions does Newmont disclose?

In 2024, Newmont reported emissions for 9 out of the 15 Scope 3 categories defined by the GHG Protocol. a

This partial disclosure allows for some insight into the company's indirect impacts.

What are the main sources of Newmont's Scope 3 emissions?

In 2024, the largest contributors to Newmont's Scope 3 emissions were: a

  • Purchased Goods and Services (Cat. 1): 2,213,000 tCO₂e (33.46%)
  • Investments (Cat. 15): 1,971,000 tCO₂e (29.8%)
  • Fuel- and Energy-Related Services (Cat. 3): 1,025,000 tCO₂e (15.5%)

Newmont's Scope 3 Emissions by Categories

Investments(Cat. 15)(29.8%)Purchased Goods andServices (Cat. 1)(33.5%)Fuel- andEnergy-RelatedServices (Cat. 3)(15.5%)

Insights into Newmont’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Newmont reported Scope 1 greenhouse gas (GHG) emissions of 2,728,000 tCO₂e and total revenues of USD 18,682 millions. This translates into an emissions intensity of 146.02 tCO₂e per millions USD. a

Newmont's Scope 1 Emissions Intensity Compared to Peers

2,00020,000500,00010,000,000100,000,000Scope 1 Emissions (tCO2e)2001,0005,00020,000100,000Revenues (Millions of USD)WFreeport-McMoRanYear: 2024Scope 1: 10,815,573 tCO2eRevenue: $M 25,455Scope 1 Intensity: 424.89 tCO2e/$MAlcoaYear: 2024Scope 1: 15,570,000 tCO2eRevenue: $M 11,895Scope 1 Intensity: 1,308.95 tCO2e/$MRelianceYear: 2023Scope 1: 186,000 tCO2eRevenue: $M 14,806Scope 1 Intensity: 12.56 tCO2e/$MEastman ChemicalYear: 2023Scope 1: 5,526,585 tCO2eRevenue: $M 9,210Scope 1 Intensity: 600.06 tCO2e/$MFranklin ResourcesYear: 2023Scope 1: 10,775 tCO2eRevenue: $M 7,849Scope 1 Intensity: 1.37 tCO2e/$MVulcan MaterialsYear: 2023Scope 1: 898,159 tCO2eRevenue: $M 7,782Scope 1 Intensity: 115.42 tCO2e/$MCortevaYear: 2024Scope 1: 354,000 tCO2eRevenue: $M 16,908Scope 1 Intensity: 20.94 tCO2e/$MSSR MiningYear: 2023Scope 1: 315,438 tCO2eRevenue: $M 1,427Scope 1 Intensity: 221.06 tCO2e/$MDupont De NemoursYear: 2023Scope 1: 739,337 tCO2eRevenue: $M 12,068Scope 1 Intensity: 61.26 tCO2e/$MPPG IndustriesYear: 2023Scope 1: 420,000 tCO2eRevenue: $M 18,246Scope 1 Intensity: 23.02 tCO2e/$MAir Products and ChemicalsYear: 2023Scope 1: 16,400,000 tCO2eRevenue: $M 12,600Scope 1 Intensity: 1,301.59 tCO2e/$MCoeur MiningYear: 2024Scope 1: 212,870 tCO2eRevenue: $M 1,054Scope 1 Intensity: 201.96 tCO2e/$MHawkinsYear: 2023Scope 1: 34,033 tCO2eRevenue: $M 935Scope 1 Intensity: 36.40 tCO2e/$MQuaker ChemicalYear: 2023Scope 1: 25,000 tCO2eRevenue: $M 1,953Scope 1 Intensity: 12.80 tCO2e/$MH.B. FullerYear: 2019Scope 1: 77,629 tCO2eRevenue: $M 2,897Scope 1 Intensity: 26.80 tCO2e/$MAvientYear: 2023Scope 1: 33,384 tCO2eRevenue: $M 3,143Scope 1 Intensity: 10.62 tCO2e/$MNucorYear: 2024Scope 1: 4,138,753 tCO2eRevenue: $M 30,734Scope 1 Intensity: 134.66 tCO2e/$MWestlakeYear: 2022Scope 1: 6,382,917 tCO2eRevenue: $M 15,794Scope 1 Intensity: 404.14 tCO2e/$MMosaicYear: 2023Scope 1: 3,500,000 tCO2eRevenue: $M 13,696Scope 1 Intensity: 255.55 tCO2e/$MBalchemYear: 2023Scope 1: 46,981 tCO2eRevenue: $M 922Scope 1 Intensity: 50.93 tCO2e/$MWWWorthington SteelYear: 2025Scope 1: 97,988 tCO2eRevenue: $M 3,093Scope 1 Intensity: 31.68 tCO2e/$MDowYear: 2024Scope 1: 26,630,000 tCO2eRevenue: $M 42,964Scope 1 Intensity: 619.82 tCO2e/$MNewmontYear: 2024Scope 1: 2,728,000 tCO2eRevenue: $M 18,682Scope 1 Intensity: 146.02 tCO2e/$M

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

In 2024, Newmont reported a Scope 1 emissions intensity of 146.02 tCO₂e per millions USD. Compared to the peer group median of 88.34 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a

Where does Newmont rank on GHG emissions intensity within its industry?

In 2024, Newmont ranked 14 out of 22 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

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

Insights into Newmont's Total Carbon Footprint

In 2024, Newmont reported a total carbon footprint of 11,452,000 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 8.06% increase compared to 2023, suggesting a rise in emissions across its operations or value chain. a

The largest contributor to Newmont's total carbon footprint was Scope 3 emissions, accounting for 57.75% of the company's total carbon footprint, followed by Scope 1 emissions at 23.82%. a

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