Newcrest
Newcrest Mining Limited, commonly referred to as Newcrest, is a leading gold mining company headquartered in Australia. Established in 1966, Newcrest has grown to become one of the largest gold producers globally, with significant operations in Australia, Papua New Guinea, and Canada. The company is renowned for its expertise in exploration, mining, and production of gold and copper, focusing on sustainable practices and innovation. Newcrest's core products include high-quality gold and copper, with a commitment to responsible mining that sets it apart in the industry. The company has achieved notable milestones, including the development of advanced mining technologies and a strong portfolio of assets, such as the Cadia Valley Operations and Lihir Gold Mine. With a robust market position, Newcrest continues to be a key player in the global mining sector, recognised for its operational excellence and commitment to sustainability.
DitchCarbon Score
How does Newcrest's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Salt and Mineral Mining industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Newcrest's score of 41 is higher than 68% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Newcrest's reported carbon emissions
In 2023, Newcrest reported total carbon emissions of approximately 2,247,000,000 kg CO2e. This figure includes Scope 1 emissions of about 1,387,000,000 kg CO2e, Scope 2 emissions of approximately 861,000,000 kg CO2e, and Scope 3 emissions totalling around 870,000,000 kg CO2e. Notably, the company has set a target to achieve a 30% reduction in Scope 1 and Scope 2 greenhouse gas emissions intensity per tonne of ore milled by 2030, building on its commitment to net zero carbon emissions by 2050. In 2022, Newcrest's emissions were slightly lower, with total emissions of about 2,224,000,000 kg CO2e, comprising 1,398,000,000 kg CO2e from Scope 1, 843,000,000 kg CO2e from Scope 2, and 741,000,000 kg CO2e from Scope 3. The company has consistently disclosed emissions across all three scopes since 2019, demonstrating a commitment to transparency in its climate impact. Newcrest's long-term strategy includes a comprehensive Net Zero Emissions Roadmap for both Scope 1 and Scope 2 emissions, which outlines various decarbonisation options to meet its 2050 net zero goal. This roadmap was initiated in 2023, indicating a proactive approach to addressing climate change and reducing its carbon footprint in the mining sector.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 1,288,105,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 817,802,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Newcrest is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
