Submitted by: Newmont Corporation
Posted: Oct 07, 2008 – 11:35 AM EST
Oct. 07 /CSRwire/ - DENVER,CO. - October 7, 2008 - Newmont Mining Corporation (NYSE:NEM) today announced that the Carbon Disclosure Project (www.cdproject.net), representing 385 institutional investors with $57 trillion in assets under management, commended the company for its approach to climate change disclosure and added it to the Carbon Disclosure Leadership Index.
The index highlights constituent companies within the FTSE Global 500 Index, which have displayed the most professional approach to corporate governance with respect to climate change disclosure practices.
"Newmont is fully committed to monitoring and managing our greenhouse gas emissions," said Richard O'Brien, Newmont's President and CEO. "To remain an industry leader, we are actively partnering with groups such as the Carbon Disclosure Project to provide transparency around our carbon emissions and build the foundation for the responsible management of these emissions."
In addition to being included on the Carbon Disclosure Leadership Index, Newmont became a founding reporter on The Climate Registry (www.theclimateregistry.org) in May and was selected for inclusion on the Dow Jones Sustainability World Index (www.sustainability-index.com) last month, for the second year in a row.
"Good corporate governance in respect of climate change disclosure will inevitably reap its rewards," said Paul Dickinson, Chief Executive of the Carbon Disclosure Project. "As carbon regulation increases, those companies that have implemented climate change related strategies are clearly going to be in a far better position to meet the challenge of higher carbon prices than companies that have procrastinated. Good disclosure practices are synonymous with good management."
The Carbon Disclosure Leadership Index, compiled by PricewaterhouseCoopers (PwC) on behalf of CDP, comprises 67 constituents of the FTSE Global 500 Index based on PwC's analysis of the responses to CDP's 2008 Questionnaire, which focused on greenhouse gas emissions, emissions reduction targets and risks and opportunities associated with climate change.
The Carbon Disclosure Leadership Index, which provides an evaluation tool for institutional investors, is made up of the top 34 companies selected from non-carbon-intensive sectors (such as Merrill Lynch & Co, Inc and EMC) and the top 33 companies selected from carbon-intensive sectors (such as Iberdrola and BASF).
The Global 500 Report, including names of companies featured in the Carbon Disclosure Leadership Index, can be found at www.cdproject.net.
About Carbon Disclosure Project
The Carbon Disclosure Project, founded in 2000, represents some 385 global institutional investors with more than $57 trillion in assets under management. As an independent not-for-profit organization, CDP collects key climate change data from more than 1550 major corporations around the globe and has assembled the largest corporate greenhouse gas emissions database in the world. CDP also works with multinational organizations to facilitate the collection of climate change relevant data from their supply chains.
CDP makes its requests for information and the corporate responses to such requests publicly available for the benefit of all interested parties including policymakers and their advisors. For more information regarding CDP please go to www.cdproject.net.
The Carbon Disclosure Project, a company limited by guarantee and registered in England (no. 05013650), is a Registered Charity (no. 1122330). CDP also enjoys 501(c)3 charitable status in the US as a special project of Rockefeller Philanthropy Advisors.
Founded in 1921 and publicly traded since 1925, Newmont (www.Newmont.com) is one of the largest gold companies in the world. Headquartered in Denver, Colorado, the company has approximately 34,000 employees and contractors, with the majority working at Newmont's core operations in the United States, Australia, Peru, Indonesia 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