Newmont Corporation has launched its 2021 Sustainability Report, addressing key areas such as health, security, the environment and diversity.
Newmont’s commitment to health and safety was supported by its Fatality Risk Management Program which seeks to prevent fatalities and coach leaders to provide visible leadership.
This has led to Newmont achieving zero work-related fatalities three years in a row.
Newmont is the world’s leading gold company and producer of copper, silver, zinc and lead.
Newmont president and chief executive officer Tom Palmer recognises that this status means stakeholders need to be kept abreast of important updates.
“Newmont has a long tradition of setting and transparently reporting against public targets. With this report, we offer stakeholders a clear and comprehensive understanding of our most material sustainability topics,” Palmer said.
In response to the COVID-19 pandemic, the company reported that its contributions towards the Newmont Global Community Support Fund supported testing facilities and vaccine rollouts in organisational areas.
Newmont reported contributing $10.8 billion to its workforce, host communities and jurisdictions through wages and benefits, operating costs, capital spending, royalties and taxes.
A total of $21.9 million of this amount was spent on community investments and providing ongoing opportunities for local and Indigenous employment.
The remainder of the $10.8 billion was used to fund local and Indigenous suppliers and Newmont’s Global Community Support Fund.
Newmont’s sustainability-linked bond, the first in the industry, holds the company accountable for meeting its 2030 emissions reduction targets.
The bond will also hold Newmont accountable for achieving gender parity in senior leadership roles in the same year.
Newmont’s sustainability efforts have been recognised by several organisations and it was named one of the most transparent companies in the S&P 500 by Bloomberg’s ESG Disclosure Score.