{"id":1245,"date":"2021-09-27T17:07:23","date_gmt":"2021-09-27T17:07:23","guid":{"rendered":"http:\/\/northamericanmining.com\/?p=1245"},"modified":"2021-09-27T17:07:24","modified_gmt":"2021-09-27T17:07:24","slug":"newmont-releases-first-climate-strategy-report","status":"publish","type":"post","link":"https:\/\/northamericanmining.com\/index.php\/2021\/09\/27\/newmont-releases-first-climate-strategy-report\/","title":{"rendered":"Newmont releases first climate strategy report"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Newmont launched its inaugural Climate Strategy Report in accordance with the Task Force on Climate-related Financial Disclosures in June.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The report outlines the company\u2019s climate-related risks and opportunities, strategic planning, and pathways to achieving Newmont\u2019s climate targets. It also looked at the technology necessary to transition to a low-carbon economy.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Some highlights of Newmont\u2019s report:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><em>2030 greenhouse emissions targets approved by the Science Based Target initiative (SBTi):<\/em> To meet SBTi\u2019s criteria in line with climate science, Newmont\u2019s 2030 targets are set at 32% reduction for Scope 1 and Scope 2 emissions and 30% reduction for Scope 3 emissions, supporting the Paris Agreement. Newmont is one of only two gold mining companies globally and one of 12 companies on the S&amp;P 500 to have climate targets approved by SBTi.<\/li><li><em>Climate scenario analysis:<\/em> Newmont developed three scenarios \u2013 considering both transitional and physical climate risks \u2013 to understand the potential impacts to its business, strategies and long-term financial resiliency. The scenarios include business as usual; planned energy transition during the 2020s; and delayed response to post-2030.<\/li><li><em>Pathways to achieving 2030 targets and the 2050 ultimate goal of being carbon neutral:<\/em> Includes projects necessary to achieve Scope 1 and 2 emissions reduction targets, including investing in energy optimization and power supply conversion. Additionally, the report details the collaboration and partnerships necessary to achieve the company\u2019s Scope 3 emissions reduction target and the measures necessary to enhance climate change resiliency.<\/li><li><em>Newmont\u2019s Carbon Reduction Fund: <\/em>In 2020, Newmont committed $500 million to support its climate targets. Over the next five years, the fund will support implementation of technologies, emissions reduction projects and other climate change initiatives as part of Newmont\u2019s pathway to achieving the company\u2019s 2030 targets, a foundation for the company\u2019s 2050 ultimate goal of being carbon neutral.<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cIt is our firm belief that climate change is one of the greatest challenges of our time and that Newmont must be a catalyst for change,\u201d Newmont\u2019s President and CEO Tom Palmer said.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cIt is our responsibility to operate our business in a sustainable way in order to generate long-term value whilst mitigating climate change\u2019s effect on our operations. Today we send a clear signal that Newmont has moved beyond managing climate change as a sustainability issue to incorporating these risks and opportunities into our business strategy and business planning process.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Newmont launched its inaugural Climate Strategy Report in accordance with the Task Force on Climate-related Financial Disclosures in June.&nbsp; The report outlines the company\u2019s climate-related risks and opportunities, strategic planning, and pathways to achieving Newmont\u2019s climate targets. It also looked at the technology necessary to transition to a low-carbon economy. Some highlights of Newmont\u2019s report: 2030 greenhouse emissions targets approved&hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_themeisle_gutenberg_block_has_review":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[8],"tags":[506,670,671,171],"coauthors":[],"class_list":["post-1245","post","type-post","status-publish","format-standard","hentry","category-miners-news","tag-climate-change","tag-climate-strategy-report","tag-greenhouse-emissions","tag-newmont-mining"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.8 - aioseo.com -->\n\t<meta name=\"description\" content=\"Newmont launched its inaugural Climate Strategy Report in accordance with the Task Force on Climate-related Financial Disclosures in June. The report outlines the company\u2019s climate-related risks and opportunities, strategic planning, and pathways to achieving Newmont\u2019s climate targets. It also looked at the technology necessary to transition to a low-carbon economy. 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