Newmont has made a number of voluntary commitments to adhere to high standards of governance, social or environmental policy and performance.

These voluntary commitments reflect our values and allow external stakeholders to hold us accountable. Our participation in industry initiatives, whereby we often take a leadership role, allows us to inform and influence global standards and practices, as well as gain insight into emerging expectations, issues and risks.

Some of the more notable ones are as follows:

Industry Initiatives

International Council on Mining and Metals (ICMM) As an ICMM founding member, we commit to the CEO-led organization’s 10 Principles for Sustainable Development, its position statements, and transparent and accountable reporting practices. ICMM’s 10 principles have been benchmarked against leading international standards including the Rio Declaration, UN Global Compact, Organization for Economic Cooperation and Development (OECD) Guidelines on Multinational Enterprises, World Bank Operational Guidelines, OECD Convention on Combating Bribery, International Labour Organization (ILO) Conventions 98, 169, 176, and the Voluntary Principles on Security and Human Rights.
International Cyanide Management Code (ICMC) In 2005, Newmont became one of the first signatories of the ICMC, which aims to improve the safe transport, storage and use of cyanide to protect human health and reduce the potential for environmental harm. Signatories commit to upholding ICMC’s principles and standards, commissioning independent audits, and reporting on their performance.
Voluntary Principles on Security and Human Rights (VPSHR) This global initiative, established in 2000, seeks to protect human rights through leading safety and security practices. Signatories include 10 governments – including Australia, Ghana and the U.S. – and more than 40 industry and NGO participants. Newmont annually reports on our efforts to implement and promote the Voluntary Principles.
Extractive Industries Transparency Initiative (EITI) Newmont is actively involved in the efforts of EITI to promote revenue transparency and accountability in the extractive industry, whereby we report on annual tax and royalty payments.
World Gold Council (WGC) The WGC promotes responsible mining practices across the gold industry. Our Conflict-Free Gold Standard and our approach to reporting all-in sustaining costs are largely informed by guidelines and standards developed by the WGC and its member companies. Newmont is collaborating with the WGC and its members to develop the Responsible Gold Mining Principles – a new framework that recognizes and consolidates existing international standards for responsible mining under a single structure.
National Mining Association Commitment to Excellence in Safety (NMA CORESafety) Newmont is a member of the U.S. National Mining Association and its safety initiative, CORESafety, which is an industry-wide partnership to achieve the “0:50:5 Goal” – zero fatalities and a 50 percent injury rate reduction in five years.
Free, Prior and Informed Consent (FPIC) Solutions Dialogue (the “Dialogue”) In 2012, Newmont and other leaders from oil and gas and mining companies and civil society organizations established the Dialogue to focus on real-world examples of securing FPIC from indigenous communities on or near prospective concessions. The Dialogue examines challenges, exchanges ideas, and distills good practices and guidance to support the implementation of FPIC. In 2017, the Dialogue published a report on lessons learned from Newmont’s Merian mine in Suriname, and we applied these lessons to the assessment conducted at the Sabajo project near Merian. Details about this assessment are discussed in the Human Rights case study.
International Network for Acid Prevention (INAP) INAP is an international body that facilitates knowledge transfer and research to address the challenges and reduce the liabilities associated with acid rock drainage (ARD).
Cross-Sector Biodiversity Initiative (CSBI) Newmont is a founding member of the CSBI, a partnership among the mining, oil and gas, and banking sectors, that provides a forum for cross-industry learning on biodiversity and ecosystem services best practices.
Responsible Minerals Initiative (RMI) In 2018, Newmont joined the Responsible Minerals Initiative (RMI), a multi-industry initiative focused on minerals supply chain due diligence, including independent third-party audit programs for smelters, supply chain risk assessment tools, and guidance documents on responsible sourcing of minerals including gold.
Multiple regional and national mining associations In addition to the NMA, Newmont is an active member in many of the organizations that represent the mining industry in our operating jurisdictions including the Ghana Chamber of Mines, the Minerals Council of Australia, the Nevada Mining Association and the National Society of Mining, Petroleum and Energy (SNMPE) in Peru.

Global and Business Initiatives

Environmental

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Task Force on Climate-related Financial Disclosures (TCFD) In December 2015, the Financial Stability Board created the TCFD, recognizing that climate change poses a significant impact on the financial stability of some companies. The TCFD was tasked with developing voluntary climate-related financial risk disclosure recommendations that provide investors, lenders, insurers, regulators, policy makers and other stakeholders in the financial markets climate-related information useful to decision making. Newmont will report to the TCFD recommendations in 2020, based on 2019 activities.

International Organization for Standardization (ISO) ISO 14001 is a series of environmental standards that provide a framework for implementing effective controls and a systematic approach to setting and achieving improvement targets. We have committed to certify our operations to ISO 14001, and we report on the status of our operations’ ISO 14001 standards certification in the Compliance and Conformance section.

Social

United Nations (UN) Global Compact The UN Global Compact promotes responsible corporate citizenship and a collaborative approach to forging a more sustainable and inclusive global economy. This report serves as our advanced-level annual Communication on Progress (COP) toward implementing the 10 Global Compact Principles into our strategies and operations. We also participate in the UN Global Compact LEAD Program, which promotes adoption of the Blueprint for Corporate Sustainability Leadership.
United Nations (UN) Guiding Principles on Business and Human Rights (the “Guiding Principles”) The Guiding Principles provide clarity on the first two principles of the UN Global Compact, which address businesses’ responsibility to respect human rights. Unanimously endorsed by the UN Human Rights Council in 2011, the Guiding Principles are a global standard that defines the duties of states to protect human rights and the responsibilities of companies to respect human rights and access to remedy. Newmont discloses our human rights performance using the UN Guiding Principles Reporting Framework, the world’s first comprehensive guidance for companies to report on how they respect human rights. Newmont was the first extractive company to adopt this framework.
Paradigm for Parity Paradigm for Parity is a coalition of CEOs, senior executives, founders, board members, and business academics who are committed to addressing the corporate leadership gender gap. Paradigm for Parity’s goal is to achieve full gender parity in leadership positions by 2030, and its road map outlines specific actions to achieve this objective. In 2016, CEO Gary Goldberg pledged Newmont’s support for Paradigm for Parity.

Governance

Partnering Against Corruption Initiative (PACI) Newmont is a founding member of the World Economic Forum’s PACI. We require training based on PACI principles for employees most likely to encounter bribery or corruption risks.
World Economic Forum (WEF) Newmont is an active member of the WEF, and in early 2017 became a signatory to the WEF’s Compact for Responsive and Responsible Leadership, which commits businesses to create a corporate governance framework focused on the long-term sustainability of corporations and the long-term goals of society.

Voluntary Disclosures

Dow Jones Sustainability Index (DJSI) The DJSI is regarded as one of the most rigorous sustainability indices in the world. Listing on the DJSI is determined through a detailed, evidence-based corporate sustainability assessment administered by RobecoSAM. In 2007, Newmont was the first gold company named to DJSI’s World Index and has been included in the index every year since then. In 2018, Newmont was the mining industry leader in the DJSI World Index for the fourth year in a row.

CDP (formerly the Carbon Disclosure Project) CDP is a nonprofit that works with corporations and shareholders to disclose major corporations’ environmental impacts, namely greenhouse gas (GHG) emissions and management of water resources. Newmont has participated in CDP’s annual questionnaire related to GHG emissions since 2007 and water since 2012.