Beyond the Mine: Newmont Publishes 2018 Sustainability Report
April 22 2019 - 7:00AM
Business Wire
Newmont Goldcorp Corporation (NYSE: NEM and TSX: NGT) (Newmont
Goldcorp or the Company) today announced the publication of Beyond
the Mine, Newmont’s annual report on environmental, social and
governance performance. Because the report’s scope is for the 2018
calendar year, data and performance for Goldcorp – which combined
with Newmont last week – is not included in the report.
“In 2018, our employees and contractors continued to build on
Newmont’s industry leading environmental, social and governance
performance,” said Elaine Dorward-King, Newmont Goldcorp’s
Executive Vice President for Sustainability and External Relations.
“We also identified opportunities for improvement and the
challenges that Newmont and the mining industry must address if we
are to continue meeting the expectations of our stakeholders and
society at large.”
Newmont’s 2018 sustainability highlights include:
- Conducting the first integrated
environmental and social impact assessment under an improved
approach to free, prior and informed consent of indigenous peoples
at the Sabajo project near the Merian operation in Suriname;
- Launching a Supplier Risk Management
program to significantly improve how risks – including corruption,
safety, social, environmental, human rights and security – are
managed throughout the supplier relationships lifecycle;
- Refreshing Newmont’s global inclusion
and diversity strategy and including metrics to measure inclusion
and diversity;
- Distributing more than $6.5 billion in
economic value including $1.4 billion in wages and benefits, nearly
$520 million paid in taxes and royalties, and $1.1 billion spent
with local suppliers;
- Partnering with the International Union
for Conservation of Nature (IUCN) and working together on achieving
better biodiversity outcomes through a review of the Company’s
biodiversity projects in Nevada;
- Minimizing the risk of catastrophic
tailings dam failures by strengthening Newmont’s tailings
governance framework to include reviews of its five high-priority
tailings storage facilities by independent technical review boards;
and
- Reducing water consumption by six
percent (compared to the 2016 base year) and maturing Newmont’s
water strategy focus toward water stewardship.
One key area of performance for Newmont is having no workplace
fatalities. Regrettably, in 2018, Newmont experienced seven
fatalities – six colleagues were killed in a tragic accident at the
Ahafo Mill Expansion project in Ghana in April, and another died in
November at the Pete Bajo underground operation in Nevada. To help
prevent such events from happening again, Newmont formalized a
global lessons-learned program where root causes and critical
lessons on significant safety incidents were shared with more than
9,500 employees and contractors. In addition, lessons were shared
with the broader mining industry.
For an unprecedented four years in a row, Newmont was named the
mining sector leader in the Dow Jones Sustainability World Index.
Newmont’s assessment grade in the 2018 CDP (formerly known as the
Climate Disclosure Project) Climate Change report improved to "A-"
(up from "B" in 2017), and Newmont was one of 230 companies named
to Bloomberg's 2019 Gender-Equality Index, achieving a score of 84
out of 100 – above the Index average of 73.
Beyond the Mine was compiled in accordance with the GRI
(formerly the Global Reporting Initiative) Standards Core option.
It also reflects Newmont’s reporting obligations as a founding
member of the International Council on Mining and Metals and
as an early adopter of the UN Guiding Principles Reporting
Framework, the first comprehensive guide for reporting on human
rights risks.
The full report, as well as a downloadable PDF, is available at
www.beyondthemine.com.
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About Newmont Goldcorp
Newmont Goldcorp is the world’s leading gold company and a
producer of copper, silver, zinc and lead. The Company’s
world-class portfolio of assets, prospects and talent is anchored
in favorable mining jurisdictions in North America, South America,
Australia and Africa. Newmont Goldcorp is the only gold producer
listed in the S&P 500 Index and is widely recognized for its
principled environmental, social and governance practices. The
Company is an industry leader in value creation, supported by
robust safety standards, superior execution and technical
proficiency. Newmont Goldcorp was founded in 1921 and has been
publicly traded since 1925.
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Media ContactOmar Jabara
303.837.5114 omar.jabara@newmont.comInvestor
ContactJessica Largent 303.837.5484
jessica.largent@newmont.com
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