This is the first of five in a series on Newmont’s contribution to the SDGs.
The United Nations (UN) Sustainable Development Goals (SDGs) represent a universal plan of action for equitable, socially inclusive and environmentally sustainable economic development. The 17 goals adopted by 193 UN member states in 2015 aim to end poverty, protect the environment and promote prosperity by 2030.
Towards this effort, in 2016, we mapped our sustainability strategy, policies, standards and existing targets against the SDGs to better understand how much Newmont – in driving long-term value creation – already contributes to the SDGs. Of the 17 goals, we determined that we already contribute to 14, and of those, we established five as our “priority goals” that most directly align with our business and where we can make the most impact:
- Goal No. 3: Ensure healthy lives and promote wellbeing for all at all ages
- Goal No. 5: Achieve gender equality and empower all women and girls
- Goal No. 6: Ensure access to water and sanitation for all
- Goal No. 8: Promote inclusive and sustainable economic growth, employment and decent work for all
- Goal No. 17: Partnership for the Goals
It is widely accepted that governments, communities, civil society and the private sector must work collaboratively to help achieve the SDGs. All governments in the countries where Newmont operates have expressed support for the SDGs, and we have integrated the SDGs into our engagement with the governments of Ghana, Peru and Suriname.
The International Council on Mining and Metals (ICMM) names SDG17 as particularly relevant to our industry:
“Mining companies are among the most sophisticated and experienced of corporate partners in addressing a range of sustainable development challenges. There is value in sharing these experiences more broadly, to demonstrate the art of the possible and thereby encourage further engagement in partnerships to achieve collaborative progress on the SDGs.”
We recognize that the nature of our business – operating mines in some of the world’s most remote areas – has provided us valuable experience partnering with national, regional and local governments, communities, civil society, corporations and other organizations to advance socio-economic development opportunities. Given our capacity for collaboration, we identify Goal 17 among our priority SDGs and recognize its efficacy across all our priority goals. As ICMM points out, the SDGs are strongly interrelated, and “by contributing to one SDG there is likely to be a positive influence on others.”
As an example, our support of the Extractive Industries Transparency Initiative (EITI), a global anti-corruption partnership, also contributes to Goal 8: as with good governance and transparent management, the revenues from extractive industries can have a transformational impact on economic growth.
Throughout the month of February, we’re bringing more insight into the SDGs that directly align with our business, where we make the most impact and highlight the activities that illustrate existing contributions to these global goals. As part of this conversation, we also recognize that there is more work to be done. As the UN reported in The Sustainable Development Goals Report 2017, “attaining the Goals will require coherent policies, an enabling environment for sustainable development at all levels and by all actors.” For our part, we continue to work on developing new ways to better measure and report on the outcomes of some of our activities related to our priority SDGs.
For more details about our commitment to sustainable and responsible mining, visit our sustainability report, Beyond the Mine. Stay tuned next week for more on Newmont’s contributions to the SDGs.