NEWMONT CORPORATION Climate Policy and Industry Commitments
2023 Disclosure
Newmont engages with industry associations at a global, regional, national and local level to work collaboratively on best practices, align on regulations, improve access to government and raise the profile of the industry.
In 2020, Newmont committed to advocating our positions and objectives on climate change among the associations and organizations in which we are members. We continue to analyze the extent of alignment between our climate commitments and the positions and commitments of our associations. This assessment considers the following:
- Whether the association has a public position on climate that supports the objectives of the Paris Agreement;
- Whether the organization has engaged in anti-climate legislation, lobbying or campaigns in the last calendar year; and
- As a result of the above, whether the association's position is aligned with Newmont's.
Where significant misalignment has been identified, we will engage with the association to address gaps related to Newmont's commitment to the implementation of the Paris Agreement.
During our annual review, if gaps continue to persist, we will conduct an internal cost/benefit analysis to determine if Newmont should remain a member. Many industry associations represent broad memberships, some of which include fossil fuel companies, which may prevent full association alignment with the Paris Agreement's goal. However, many associations are also advocating advances in technology to decarbonize mining and promote the role of critical minerals in the transition to a low-carbon economy. For organizations where we identify misalignment, there will be benefits and trade-offs of continued membership. For example, some organizations may represent the industry in advancing stringent safety standards yet lag in their commitment to achieving the Paris Agreement's goal. We also recognize that some associations may not have taken a public position on the Paris Agreement depending on the local political and socio-economic context where they operate. We will focus on our engagement with those organizations where evidence is reported that they are advocating against the Paris Agreement, despite their public statement.
The table below lists our business and industry organization memberships that advocate on policy issues related to mining, business and good industry practices. This list includes organizations whose mandate is related to public policy advocacy that could influence climate policy and to which Newmont contributes more than $7,500 annually. Organizations included in the list are those memberships managed by Newmont throughout 2023. Given acquisition timing, other memberships that transferred from Newcrest to Newmont on November 6, 2023, as well as those memberships previously held by Newcrest but not transferred, are not included in this list.
NEWMONT CORPORATION | July 2024 |1 |
*Level of Alignment | |||||
Public position is aligned with Newmont's support for the Paris | Moderate misalignment may exist due to lack of a public | The association has a weak or no position on the Paris | |||
Agreement, and there is no evidence of public advocacy against | position on the Paris Agreement, and/or advocacy | Agreement, and there is evidence of potential advocacy | |||
the Paris Agreement and the implementation of all its goals. | against the Paris Agreement's goals. | against the Paris Agreement's implementation of its goals. |
Newmont's 2023 business and industry organizational memberships and policy position alignment
Public position | Evidence of 2023 | Alignment with | |||
that supports | advocacy against the | Newmont's | |||
Country | Organization | Leadership Role | Paris Agreement | Paris Agreement1 | position* |
Argentina | National Mining Chamber2 | Board Second Vice President | No | No | ||||||||
Australia | Minerals Council of Australia | Board Member | Yes | No | ||||||||
Australia | Chamber of Minerals and Energy Western Australia | Board Member | Yes | No | ||||||||
Australia | Australian Resources & Energy Employer Association | Board Member | Yes | No | ||||||||
Australia | International Copper Association Australia | Board Member | Yes | No | ||||||||
Canada | Quebec Mining Association | Board and Executive Committee Member | Yes | No | ||||||||
Canada | Mining Association of Canada | Board and Executive Committee Member, committee | Yes | No | ||||||||
member: Public Affairs, and Indigenous Relations | ||||||||||||
Canada | Ontario Mining Association | Board and Executive Committee Member | Yes | No | ||||||||
Ghana | Ghana Chamber of Mines | Committee member: Legal, and Sustainability | No | No | ||||||||
Mexico | Mexican Mining Chamber | Executive Council Member | No | No | ||||||||
Mexico | Canadian Chamber | Executive Council Member | No | No | ||||||||
Mexico | American Chamber | Executive Council Member | No | No | ||||||||
Mexico | Zacatecas Mining Cluster | Executive Council Member | No | No | ||||||||
Peru | National Mining, Petroleum, and Energy Society | Board Member, and President, Inclusion and Diversity | Yes | No | ||||||||
Working Group | ||||||||||||
Peru | Cajamarca Chamber of Commerce | None | No | No | ||||||||
USA | Nevada Mining Association | Board Member | No | No | ||||||||
USA | Colorado Chamber of Commerce | None | No | No | ||||||||
USA | Colorado Mining Association | Board Chair | No | No | ||||||||
USA | National Mining Association | Board Member | No | Yes | ||||||||
USA | American Exploration & Mining Association | Trustee (Board Member) | No | No | ||||||||
Global | International Council on Mining and Metals | Chair, Social Performance Advisory Group | Yes | No | ||||||||
Global | World Gold Council | Chair, Sustainability Task Force | Yes | No | ||||||||
- An external analysis firm conducted research on publicly available information as well as NGO and lobbying databases/websites to identify any information that the above organizations lobbied against the Paris Agreement of December 2015 during the year 2023 in their respective jurisdictions.
- Newmont resigned membership in Argentina's National Mining Chamber in July 2023.
NEWMONT CORPORATION | July 2024 |2 |
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Newmont Corporation published this content on 12 July 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 July 2024 20:25:05 UTC.
