Newmont recognized by Carbon Disclosure Project for third consecutive year
Newmont Mining Corporation (NYSE: NEM) announced Monday it was recognized for transparent climate change disclosure practices by the Carbon Disclosure Project’s (CDP) Leadership Index for the third consecutive year.
The Carbon Disclosure Leadership Index (CDLI) is a key component of CDP’s annual S&P 500 report and highlights the companies within the S&P 500 Index that demonstrate a strong approach to information disclosure regarding their emissions.
Newmont scored 92 out of a possible 100 on the CDLI, improving four points over its 2011 score of 88. Companies are evaluated based on measurement of carbon emissions, comprehensiveness of information provided on climate-related actions, depth of information given on issues surrounding climate change and external verification of data. Newmont’s carbon disclosure data is available in its annual sustainability report, Beyond the Mine.
“We’re pleased to once again be recognized by the Carbon Disclosure Project’s Leadership Index for transparency in reporting our greenhouse gas emissions,” said Richard O’Brien, Newmont’s Chief Executive Officer. “This recognition highlights the commitment of our employees around the world to industry leading environmental stewardship.”
The index, compiled by PwC on behalf of CDP, provides an evaluation tool for institutional investors and other stakeholders. The 2012 CDLI comprises 53 companies from the S&P 500 and is based on an analysis of their responses to CDP’s questionnaire, which focuses on greenhouse gas emissions, emissions reduction targets and the risks and opportunities associated with climate change.
Headquartered in Colorado, Newmont has more than 43,000 employees and contractors, with the majority working at core operations in the United States, Australia, Peru, Indonesia, New Zealand and Ghana.