Environmental and social practices in the mining industry have undergone a tremendous evolution over the past two decades, especially in the gold mining sector. The expectations of society have expanded as a burgeoning world population drives the increased demand for natural resources.
Current mining practices and the rigorous controls we use to manage environmental and social risks are often unknown or misunderstood outside our industry. At the same time, our stakeholders have become more informed, and they demand, rightfully so, that we deliver a high level of environmental and social performance along with a demonstrated ability to effectively manage risk.
Newmont Goldcorp participates in several global initiatives and codes of practice that establish standards and ground rules for strong environmental, social and ethical performance across the mining industry. Most of these initiatives and codes of practice have been developed with input from many stakeholder groups, including some of our harshest critics. Participation in these external initiatives improves our transparency, builds credibility with external stakeholders and positions Newmont Goldcorp as an industry leader.
Newmont Goldcorp was the first gold company selected to join the Dow Jones Sustainability World Index and has been included every year since 2007. The DJSI World Index tracks the leading 10 percent of companies, in terms of sustainability, out of the largest 2,500 companies worldwide. Newmont Goldcorp’s participation in the initiatives mentioned below makes a positive evaluation by the DJSI possible. Companies are evaluated and selected every year through a systematic corporate sustainability assessment that identifies leaders based on a variety of criteria including climate change strategies, energy consumption, human resources development, knowledge management, stakeholder relations and corporate governance.
These initiatives and activities complement our internal standards and guidelines in environmental and social responsibility. They also provide an opportunity for Newmont Goldcorp to verify and report on our performance.
Some of the initiatives guiding our environmental and social performance are described below:
Our Memberships and Commitments