New Gold
New Gold Inc., a prominent player in the mining industry, is headquartered in Canada and operates primarily in North America. Founded in 1980, the company has established itself as a leader in the production of gold and copper, with significant operations in British Columbia and Ontario. Specialising in the development and operation of mineral properties, New Gold is known for its flagship assets, including the Rainy River and New Afton mines. These projects are distinguished by their commitment to sustainable practices and innovative extraction techniques. With a strong market position, New Gold has achieved notable milestones, including successful expansions and a focus on responsible mining. The company continues to enhance its reputation through strategic partnerships and a dedication to environmental stewardship, making it a key player in the global mining sector.
DitchCarbon Score
How does New Gold'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 Precious Metal 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
New Gold's score of 28 is higher than 88% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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New Gold's reported carbon emissions
In 2024, New Gold reported total carbon emissions of approximately 143,435,000 kg CO2e, comprising about 124,199,000 kg CO2e from Scope 1 and about 19,235,000 kg CO2e from Scope 2 emissions. This marks a decrease from 2023, where total emissions were about 155,687,000 kg CO2e, with Scope 1 emissions at approximately 140,464,000 kg CO2e and Scope 2 at about 15,224,000 kg CO2e. New Gold has set ambitious climate commitments, aiming to reduce its Scope 1 and 2 emissions by 30% by 2030, using 2020 as the baseline year. This commitment is part of a broader strategy that includes enhancing electrification and implementing energy-reduction initiatives. The company is currently on track to meet its two- and five-year targets for these reductions. Over the past few years, New Gold's emissions have fluctuated, with 2022 emissions recorded at about 162,305,000 kg CO2e, and 2021 at approximately 170,305,000 kg CO2e. The company continues to focus on sustainability and reducing its carbon footprint in the mining industry, reflecting a growing commitment to environmental responsibility.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 163,709,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 76,862,000 | 00,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | - | - |
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.
New Gold 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.
