\nTo achieve these aims, the Company will implement a new energy and climate investment standard, to be combined with its existing investment standards including shadow carbon pricing, in order to further inform its capital investment process. This new investment standard will ensure that the 2030 reduction targets are embedded into investment decisions for projects such as fleet vehicles, production equipment, onsite renewable power generation and energy efficiency. Additionally, the Company will engage its partners and joint ventures in an effort to align joint venture operations targets and supply chain related emissions with Newmont\u2019s targets.\n<\/p>\n
\nMining is an energy intensive business, with 88 percent of Newmont\u2019s energy used for mining and milling generated from carbon-based fuels. As the Company looks to reduce emissions and move to a low carbon economy, it will use a strategic approach to portfolio development, energy sourcing, fleet and equipment investment, as well as land use planning to achieve its targets.\n<\/p>\n
\nA key part of Newmont\u2019s accountability in reaching these targets will be reporting via The Climate-Related Financial Disclosures (TCFD) guidelines. In 2021 the Company will issue its first annual TCFD report. The TCFD report will detail Newmont\u2019s governance, strategy and portfolio resilience to a range of climate scenarios. The TCFD report will also track the Company\u2019s annual progress toward implementing its 2030 strategy, meeting its 2030 targets and executing emissions reduction projects across its global portfolio.\n<\/p>\n
\nAt Newmont, our purpose is to create value and improve lives through sustainable and responsible mining. To learn more about Newmont\u2019s sustainability strategy and initiatives, go to Beyond the Mine<\/i> at www.newmont.com<\/a>.\n<\/p>\n About Newmont <\/b><\/p>\n \nNewmont is the world\u2019s leading gold company and a producer of copper, silver, zinc and lead. The Company\u2019s world-class portfolio of assets, prospects and talent is anchored in favorable mining jurisdictions in North America, South America, Australia and Africa. Newmont 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 expertise. Newmont was founded in 1921 and has been publicly traded since 1925.\n<\/p>\n View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20201112005265\/en\/<\/a><\/span><\/p>\n Media Contact Investor Contact KEYWORDS:<\/b> United States North America Canada Colorado<\/p>\n INDUSTRY KEYWORDS:<\/b> Natural Resources Environment Mining\/Minerals<\/p>\n<\/p>\n
\n<\/span>
Courtney Boone
\n
303.837.5159
\n
courtney.boone@newmont.com <\/a><\/p>\n
\n<\/span>
Eric Colby
\n
303.837.5724
\n
eric.colby@newmont.com<\/a><\/p>\n
![\"Logo\"](\"https:\/\/mms.businesswire.com\/media\/20201112005265\/en\/765162\/3\/Newmont-Color-RGB.jpg\")
<\/td>\n<\/tr>\n