Newcrest commits to net zero emissions by 2050

APAC-focused gold miner Newcrest has unveiled a new set of company-wide goals for itself, including a target of net zero carbon emissions by 2050.

Photo: Newcrest Mining

The goal is tied to its operational (Scope 1 and Scope 2) emissions, but the miner said it will continue to work throughout the value chain to reduce emissions for Scope 3.

In its newly announced company purpose, Newcrest said it seeks to create a brighter future for people through safe and responsible mining, which underscores its commitment to the issue of climate change and greenhouse gas emission reductions.

Newcrest first released its climate change policy in June 2019; in it, it outlined its dedication to sustainable discovery, development and production for gold and copper, and said it would be advancing its plans to identify, assess and report its responses to climate change challenges.

At the same time, it set a target for GHG emissions to be reduced by 30% by 2030. To date, it said, it has made significant progress.

Newcrest Managing Director and Chief Executive Officer Sandeep Biswas said Newcrest now has the potential to be at the forefront of meeting its 2050 target.

As an industry more broadly, we have the ingenuity, technology and capability to take on this challenge and reduce our carbon footprint. 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.