We have expanded the list of climate policies we assess company engagement with to incorporate land-use related policy, referring to legislative or regulatory measures to enhance and protect ecosystems and land where carbon is being stored. Assessments under this category are currently underweighted in terms of their contribution to the overall company metrics. This weighting will be progressively increased over the next 6 months.
We adjusted the terminology used to describe the queries running down the left-hand side of our scoring matrix and added additional explanatory text to the info-boxes. This has no impact on the scores and methodology. It has been done following user feedback to improve clarity.
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Newmont’s Senior Vice President, Alex Bates, sits on the Board of the Minerals Council of Australia. Newmont co-chairs committees including the Safety and Sustainability Committee and participates in the Energy and Climate Change Committee (as of October 2022)
not specified
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InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Newmont’s Senior Vice President, Alex Bates, sits on the Board of the Minerals Council of Australia. Newmont co-chairs committees including the Safety and Sustainability Committee and participates in the Energy and Climate Change Committee (as of October 2022)
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Newmont's senior director of sustainability, John Mullally, sits on the Mining Association of Canada's board of directors (Mining Association of Canada, website, accessed March 2023)
not specified
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InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Newmont's senior director of sustainability, John Mullally, sits on the Mining Association of Canada's board of directors (Mining Association of Canada, website, accessed March 2023)
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Newmont Corporation is a member of the National Mining Association. It participates in NMA's ESG Task Force and its Chief Sustainability Officer sits on the Board of Directors (as of October 2022)
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Newmont Corporation is a member of the National Mining Association. It participates in NMA's ESG Task Force and its Chief Sustainability Officer sits on the Board of Directors (as of October 2022)
not specified
--no extract--
In this section, we depict graphically the relationships the corporation has with trade associations, federations, advocacy groups and other third parties who may be acting on their behalf to influence climate change policy. Each of the columns above represents one relationship the corporation appears to have with such a third party. In these columns, the top, dark section represents the strength of the relationship the corporation has with the influencer. For example if a corporation's senior executive also held a key role in the trade association, we would deem this to be a strong relationship and it would be on the far left of the chart above, with the weaker ones to the right. Click on these grey shaded upper sections for details of these relationships. The middle section contains a link to the organization score details of the influencer concerned, so you can see the details of its climate change policy influence. Click on the middle sections for for details of the trade associations. The lower section contains the organization score of that influencer, the lower the more negatively it is influencing climate policy.
Open PDF file of Data Source
Climate Lobbying Overview: Newmont Corporation (Newmont) has engaged on some climate-related policies, but generally limits its communications to top-line statements. Newmont has communicated broad support for the decarbonization of the economy, but sits on the board of industry associations who engage negatively on climate change, such as the National Mining Association.
Top-line Messaging on Climate Policy: Newmont appears to have positive top-line communications on climate policy. In a Sustainability Report published in April 2022, the company appeared to support the need for government regulation to respond to climate change. On Newmont’s ‘Addressing Climate Change’ webpage, accessed in March 2023, the company highlighted its use of the Paris Agreement as a benchmark for its own emissions reductions targets, but did not clearly advocate in support of the climate deal. Furthermore, in a June 2021 tweet, the company appeared to recognize the need for urgent action to respond to climate change in line with IPCC guidelines.
Engagement with Climate-Related Regulations: Newmont appears to have negatively engaged with climate-related regulation. As stated in the company’s 2021 CDP response, Newmont advocated for exemptions from renewable energy levies in the Australian Renewable Energy Target Scheme. Newmont also supported carbon taxes with minor exceptions in its 2021 CDP response, by advocating for the Australian emissions performance standards (EPS) be equivalent in form and cost as the Output Based Pricing System (OBPS). Newmont also supported Australian Human-Induced Regeneration (HIR) carbon farming projects to a certain extent, but advocated for weaker ambitions in protecting and enhancing carbon sinks and reservoirs in its 2021 CDP response.
Positioning on Energy Transition: Newmont appears to have limited its engagement on the energy transition to top-line statements, with no transparent engagement on energy policy. The company appeared to broadly support the transition to a low carbon economy across various media outputs, such as on its 'Addressing Climate Change' webpage, accessed in March 2023, and in its 2021 Climate Report, published in May 2022.
Industry Association Governance: Newmont disclosed membership of a number of industry associations through its 2021 Climate Report, but failed to disclose any further details as to the type of membership and/or role held within these industry associations. The company has not published an audit of its industry association memberships. Newmont is also a member of the National Mining Association, which is actively and negatively engaged on climate policy.