Newmont Corp

## Governance

The decision-making and funding of a carbon offset will be through the established Investment and Value Management processes. This will include review and endorsement through the S&ER function and by the Energy and Decarbonization Steering Committee. Proposals will also undergo third-party review to ensure adherence to globally recognized and respected protocols.

### Governance

###### To ensure climate-related risks and opportunities are integrated into our business and investment decisions, Newmont's climate governance framework begins with direct oversight from our Board and extends through executive and senior management to each of our operating sites.

#### Climate Governance Framework

We developed a governance structure to steer the implementation of our Energy and Climate Strategy and track progress toward our emissions reduction targets.

Newmont's Board has direct oversight of the strategy and related strategic planning and processes for managing climate-related risks and opportunities. The Board delegates certain climate oversight responsibilities to one or more of its committees, and the committee Chairs apprise the full Board of any significant matters or developments:

**• Safety and Sustainability Committee — provides oversight of climate-related matters and risks, as well as**

[Newmont's Sustainability and Stakeholder Engagement Policy acknowledges that human activities](https://s24.q4cdn.com/382246808/files/doc_downloads/2020/11/Sustainability-and-Stakeholder-Engagement-Policy.pdf)
contribute to climate change and that businesses have an important role in addressing this global challenge.
The policy states our commitment to more efficiently manage our energy consumption, identify opportunities
to transition to renewable and low-carbon energy sources, transparently report our energy use and GHG
emissions, and contribute to the process of implementing effective policy mechanisms.

[Our global Asset and Value Protection Policy states our commitment to protect the security and value of](https://s24.q4cdn.com/382246808/files/doc_downloads/about_us/policies/Asset-and-Value-Protection-Policy.pdf)
our assets by appropriately using funds and assets, and our global Investment Standard establishes controls,
processes and the minimum requirements for making informed investment decisions.

[A global Air Emissions Management Standard establishes the minimum requirements for monitoring,](https://s24.q4cdn.com/382246808/files/doc_downloads/2020/03/Air-Emissions-Management-Standard.pdf)
assessing and managing common pollutants to be protective of the environment and human health.
The standard also includes requirements for estimating, quantifying and verifying annual greenhouse gas
emissions by site. Several supporting guidelines and documents support our Energy and Climate Strategy,
[including the GHG emissions calculation methodology and carbon offset strategy and principles to](https://www.newmont.com/files/doc_downloads/2023/05/Newmont-GHG-Emissions-Calculation-Methodology.pdf)
achieve carbon neutrality. This information has been incorporated into our internal economic guidance and
our Study-Project Requirements by Stage framework we use to evaluate projects.

receives updates on our Energy and Climate Strategy and progress against the emissions reduction targets
during each quarterly committee meeting.

**• Audit Committee — reviews capital expenditures for climate-related infrastructure (such as fuel-switching**

technologies and renewable energy projects) and receives updates on how Newmont is managing
enterprise risks, including those that are climate related.

**• Leadership Development and Compensation Committee — responsible for developing and overseeing**

the Company's executive compensation policies and programs, ensuring executives are held accountable
for the Company's sustainability performance, including climate.

[In 2022, we began training internal personnel on Newmont's GHG emissions calculation methodology and](https://www.newmont.com/files/doc_downloads/2023/05/Newmont-GHG-Emissions-Calculation-Methodology.pdf)
the tools developed to support evaluations. In 2023, we will continue to extend this training to leadership,
including the Board.

###### Hear from Newmont's Group Executive of Environment on how planning and implementing decarbonization and adaptation measures require understanding potential beneficial and negative effects on people and the environment.

Newmont management is responsible for managing day-to-day climate-related risks and opportunities and
progressing the strategy. An Energy and Decarbonization Steering Committee provides strategic direction to
the energy and decarbonization program, and three executive sponsors — the Chief Strategy and
Sustainability Officer, Chief Technology Officer and Chief Financial Officer — supervise the implementation
of the strategy. Energy and climate-related updates are provided regularly to the full Executive Leadership
Team and the President and CEO.

Additional information on Newmont's governance structure can be found in the Corporate Governance
[section of our 2022 Sustainability Report (pages 36–40), 2022 Form 10-K (pages 177–178) and 2023 Proxy](https://s24.q4cdn.com/382246808/files/doc_downloads/2022/sustainability/newmont-2022-Annual-Sustainability-Report.pdf)
Statement.

To ensure climate considerations are integrated into our business decisions, Newmont's climate governance establishes oversight by our Board of Directors and outlines the responsibilities of our executives, senior management and teams at the business unit and site levels. Details on our climate governance framework are included in [our 2022 Climate Report.](https://s24.q4cdn.com/382246808/files/doc_downloads/2023/05/Newmont-2022-Climate-Report.pdf)

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]Newmont engages with industry associations at a global, regional, national and local level to work collaboratively on best practices, align on regulations, improve access to government and raise the profile of the industry.

In 2020, Newmont committed to advocating our positions and objectives on climate change among the associations and organizations in which we are members. In 2021, we continued to analyze the extent of alignment between our climate commitments and the positions and commitments of our associations. This assessment considered the following:
1. Whether the association has a public position on climate that supports the objectives of the Paris Agreement;
2. Whether the organization has engaged in anti-climate legislation, lobbying or campaigns in the last 12 months; and
3. As a result of the above, whether the association's position is aligned with Newmont's.

Where significant misalignment has been identified or the association has no public position on climate change, we will engage with the association to address gaps with Newmont's commitment to the implementation of the Paris Agreement. For example, in 2021, Newmont joined the National Mining Association's (NMA) ESG Task Force and was instrumental in shaping the NMA's first position statement on climate, which is an important first step in recognizing the industry's role in addressing climate change. If gaps are not addressed, we will conduct an internal cost/benefit analysis to determine if Newmont should remain a member. For some organizations, there will be benefits and trade -offs of continued membership.

For example, some organizations may represent the industry in advancing stringent safety standards yet lag in their commitment to achieving the Paris Agreement's goal. Newmont will conduct this misalignment assessment on an annual basis and will reevaluate memberships as positions change.

Does your organization have a public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement?[…]Yes