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| Overall Assessment |
Comment |
Score |
| Comprehensive |
Newmont Corp has demonstrated a comprehensive level of transparency in disclosing its climate lobbying activities. The company has clearly identified specific climate policies it has engaged with, such as the "US SEC's request for public input on climate change disclosures," the "Australian Safeguard Mechanism," and the "Yukon Government's consultations on intensity-based greenhouse gas emissions targets for the mining industry." It has also provided detailed information about its advocacy efforts, including its support for "modernizing historic baselines" and ensuring "industry appropriate methods are used for the calculation of baselines under the revised Safeguard Mechanism." Newmont has disclosed both direct and indirect lobbying mechanisms, such as "submission of a public letter to SEC," "direct interaction with the Department of Environment and Energy," and engagement through trade associations like the Chamber of Minerals and Energy. The company has also been transparent about its lobbying targets, including the "US Securities and Exchange Commission," "Australian Government," and "Yukon Government." Furthermore, Newmont has outlined specific policy outcomes it seeks to achieve, such as advocating for "a national framework for emissions abatement and reporting," proposing alternatives to the Safeguard Mechanism reforms, and supporting the Yukon Government's efforts to reduce carbon intensity while addressing infrastructure limitations. This level of detail and clarity reflects a comprehensive approach to disclosing its climate lobbying efforts and objectives.
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4
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| Overall Assessment |
Comment |
Score |
| Strong |
Newmont has demonstrated a strong governance process for ensuring alignment of its climate lobbying activities, both direct and indirect, with its climate commitments. The company has disclosed that its "Board has direct oversight of the strategy and related strategic planning and processes for managing climate-related risks and opportunities," with specific responsibilities delegated to committees such as the Safety and Sustainability Committee, Audit Committee, and Leadership Development and Compensation Committee. Additionally, Newmont has developed an Energy and Decarbonization Steering Committee, which "provides strategic direction to the energy and decarbonization program," supervised by three executive sponsors. The company conducts annual reviews to assess alignment between its climate commitments and the positions of its associations, considering factors such as "whether the association has a public position on climate that supports the objectives of the Paris Agreement" and "whether the organization has engaged in anti-climate legislation, lobbying or campaigns in the last 12 months." Where misalignment is identified, Newmont engages with the association to address gaps and may conduct a cost/benefit analysis to determine continued membership. Furthermore, Newmont highlights its role in shaping the National Mining Association's first position statement on climate through its participation in the NMA's ESG Task Force. This indicates a robust governance process with clear monitoring mechanisms and accountability structures in place, ensuring alignment of its lobbying activities with its climate goals.
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3
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