Newmont Ranks Among the Top 100 Most Sustainable Companies

Newmont, the world’s leading gold miner, has been ranked among TIME and Statista’s Top 100 most sustainable companies globally. The US-based company stands out as the only mining company to secure a spot in the Top 100. Additionally, among the mining companies listed in the Top 500, Newmont is the sole operator with operations in Mexico.

TIME and Statista have introduced a robust methodology to determine the world's most sustainable companies for 2024. This methodology emphasizes tangible, public commitments to environmental improvement and tracks companies' adherence to them. 

Top-ranking companies have pledged their adherence to climate initiatives like the Science Based Targets initiative (SBTi) and have received high scores from the Carbon Disclosure Project (CDP). Criteria for evaluation include Scope 1 and 2 emissions, energy consumption relative to company size, emissions reductions in recent years, and the proportion of renewable energy used. Ranked 84th on the list, Newmont stands out among the 100 global sustainability leaders, with France-based Schneider Electric leading with a score of 88.86 out of 100. Newmont stands out as a leader in the natural resources and mining sector, achieving a score of 71.64 on the sustainability index. Many high-ranking companies are from sectors that do not produce a significant number of physical products, such as banking, technology, and consulting. 

Newmont’s environmental targets for 2030 aim to reduce absolute greenhouse gas emissions in Scope 1 and 2 by 32%, decrease GHG emissions intensity in both Scope 1 and 2 by 32%, and lower absolute Scope 3 emissions, which cover joint venture assets and its supply chain, by 30%.

Alongside Newmont, the ranking features five other natural resources and mining companies within the Top 500. Ireland-based CRH is ranked 162nd, India-based Hindustan Zinc holds the 239th spot, France-based Imerys ranks 296th, and Germany-based Aurubis is positioned at 468th. 

Other Companies Listed
While Newmont is the sole mining company listed in the Top 100, the ranking also includes companies that provide services and supplies to the mining industry. SGS holds sixth position, followed by Siemens at 11th, Stantec at 14th, WSP at 53rd, Accenture at 54th, Cisco at 57th, Microsoft at 64th, and Epiroc at 95th.

Some of the products and services offered by these companies to the mining sector directly contribute to reducing the environmental impact of mining operations. At Mexico Mining Forum 2023 ECHO, Joseph Starwood, Director of Industry Digital Strategy for Mining, Microsoft, highlighted how mining companies can utilize the Microsoft Azure platform to monitor equipment at mining sites through sensors. This approach optimizes maintenance practices and reduces emissions by improving fuel efficiency. "The idea of the digital sustainable mine of the future combines the physical mines we know today with new ESG-aligned business models and capabilities, enabled by an intelligent digital fabric,” Starwood said. 

Abraham Tacho, Regional Business Leader Mexico, Stantec, has also noted the company’s approach to designing mining projects considering their impact on communities, often linked with water and waste matters. “Sustainability has become critical in recent years. Stantec’s specialized ESG groups and services extend beyond the mining industry to a wide range of clients in various sectors, which significantly enhances our value proposition. The quantity and quality of our experts contribute immensely to this value,” Tacho said in an interview with MBN.