Newmont is committed to promoting sustainable development around the world. Fulfilling this commitment requires ongoing engagement with our host communities and governments to secure their support and create shared value; world-class environmental stewardship programs to minimize or mitigate our impacts on land, air quality, water and biodiversity; and continuous improvement in the areas of employee safety and engagement.
Each year we publish data on our progress in these areas in our global sustainability report, Beyond the Mine. Using the Global Reporting Initiative (GRI) framework and the AccountAbility 1000 protocol on assurance, Beyond the Mine provides data and case studies on our economic, environmental, social, safety and governance performance.
“Being recognized as a leader in social and environmental performance will require Newmont to go beyond compliance and competence to develop thoughtful and informed global strategies, executable action plans and credible and capable people with aligned vision and purpose,” said Newmont President and CEO Gary Goldberg.
Highlights of Newmont’s sustainability efforts and accomplishments from 2012 include:
- In Ghana, the Newmont Ahafo Development Foundation (NADeF), which promotes and supports local social and economic development programs in the Brong-Ahafo Region, grew to more than $12 million at year end. Newmont allocates $1 per ounce of gold sold and 1 percent of its annual net profit to the NADeF.
- The Newmont Legacy Fund in Nevada raised more than $2 million, when combined with company matching funds, for local, non-profit service organizations. The endowment aspect of the Legacy Fund, which is designed to provide a long-term contribution to communities near our Nevada operations, also grew by $225,000 during the year.
- We discontinued mercury sales from all our operations and achieved our goal to safely retire all by-product mercury from circulation.
- Newmont paid approximately $1.4 billion in taxes and $186 million in royalties to governments in the countries where we operate.
This year’s Beyond the Mine also provides an update on our progress against the action plan from the independent Community Relationships Review (CRR). The CRR, which was released in 2009, was and still is the first of its kind by a mining company because it offered detailed, transparent and honest feedback from community stakeholders around the globe.
Last year we saw progress in many areas, and we are committed to continuous improvements in our efforts to lead in environmental and social responsibility. Our foundational values will continue to guide our efforts as we work to become the most valued and respected mining company. For complete information on our transparent reporting, and to learn more about the benefits of mining in the communities near our operations, please visit the detailed report at www.beyondthemine.com.