Can Corporate Sustainability & Economic Growth Coexist?
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Submitted by: Newmont Mining Corporation
Posted: Oct 29, 2012 – 09:05 AM EST
DENVER, Oct. 29 /CSRwire/ - Newmont Mining Corporation (NYSE: NEM) announced that it was recognized for transparent climate change disclosure practices by the Carbon Disclosure Project’s (CDP) Leadership Index for the third consecutive year.
The Carbon Disclosure Leadership Index (CDLI) is a key component of CDP’s annual S&P 500 report and highlights the companies within the S&P 500 Index that demonstrate a strong approach to information disclosure regarding their emissions.
Newmont scored 92 out of a possible 100 on the CDLI, improving four points over its 2011 score of 88. Companies are evaluated based on measurement of carbon emissions, comprehensiveness of information provided on climate-related actions, depth of information given on issues surrounding climate change and external verification of data. Newmont’s carbon disclosure data is available in its annual sustainability report, Beyond the Mine.
“We’re pleased to once again be recognized by the Carbon Disclosure Project’s Leadership Index for transparency in reporting our greenhouse gas emissions,” said Richard O’Brien, Newmont’s Chief Executive Officer. “This recognition highlights the commitment of our employees around the world to industry leading environmental stewardship.”
The index, compiled by PwC on behalf of CDP, provides an evaluation tool for institutional investors and other stakeholders. The 2012 CDLI comprises 53 companies from the S&P 500 and is based on an analysis of their responses to CDP’s questionnaire, which focuses on greenhouse gas emissions, emissions reduction targets and the risks and opportunities associated with climate change.
Founded in 1921 and publicly traded since 1925, Newmont (www.newmont.com) is one of the largest gold companies in the world. Headquartered in Colorado, the Company has more than 43,000 employees and contractors, with the majority working at core operations in the United States, Australia, Peru, Indonesia, New Zealand and Ghana. Newmont is the only gold company listed in the S&P 500 index and in 2007 became the first gold company selected to be part of the Dow Jones Sustainability World Index. Newmont's industry leading performance is reflected through high standards in environmental management, health and safety for its employees and creating value and opportunity for host communities and shareholders.
The Carbon Disclosure Project (CDP) is an international, not-for-profit organization providing the only global system for companies and cities to measure, disclose, manage and share vital environmental information. CDP harnesses the power of market forces, including 655 institutional investors with assets of US$78 trillion, to collect information from companies on their greenhouse gas emissions and assessment of climate change and water risk and opportunity. CDP now holds the largest collection globally of primary climate change and water data and puts these insights at the heart of strategic business, investment and policy decisions. Please visit www.cdproject.net to find out more.
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