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Australia’s Newcrest pledges to become carbon free by 2050

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(Kitco News) - Australia-focused mining company Newcrest Mining (ASX, TSX, PNGX: NCM), one of the largest gold producers worldwide, today announced its new goal of net zero carbon emissions by 2050. This goal relates to its operational (Scope 1 and Scope 2) emissions, though Newcrest said it will also continue to work across its value chain to reduce Scope 3 emissions.

Newcrest said that its recently announced company purpose “To create a brighter future for people through safe and responsible mining” underpins the company’s commitment to take on the challenge of climate change and reduce its greenhouse gas (GHG) emissions.

Managing director and CEO Sandeep Biswas commented, “Given our experience with identifying and applying innovative technologies, Newcrest has the potential to be at the forefront of meeting the challenge of net zero carbon emissions by 2050. We are seeing the rapid evolution of a range of new technologies that will help reduce emissions going forward and Newcrest is well positioned to leverage this technology as the world moves towards a zero-carbon future.”

In June 2019, Newcrest released its climate change policy which outlined its commitment to the sustainable discovery, development and production of gold and copper, together with plans to identify, assess and report its responses to climate change challenges.

Newcrest also set a target in June 2019 to reduce its GHG emissions intensity by 30% by 2030 with significant progress to date.

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