Newmont Goldcorp wins mining gold again for ESG practices

Newmont Goldcorp has made it onto the Dow Jones Sustainability World Index (DJSI) for the 12th consecutive year, also being named the top global gold mining company.

Newmont, which added Goldcorp to its mining mix earlier this year, was the first gold company named to the index in 2007. It was recognised for its leading environmental, social and governance (ESG) performance as the Metals and Mining sector leader by the index for a fourth year in a row in 2018.

Tom Palmer, President of Newmont Goldcorp, said: “Leading ESG performance not only helps us manage risk and create value for our stakeholders, it is also an indicator that our business is well-managed and positioned for long-term success.

“It is thanks to our employees’ strong commitment to our values that we are able to consistently demonstrate leading sustainability performance in our sector. While we are honoured to be included again on the DJSI, we recognise there is always room for improvement and will continue working to drive our performance to higher levels.”

DJSI evaluates companies based on a corporate sustainability assessment (CSA) conducted by Swiss-based RobecoSAM, a sustainability asset management, analysis and investment firm. The CSA evaluates 20 financially material sustainability criteria across economic, environmental and social dimensions.

Newmont Goldcorp said: “The DJSI’s results provide comparable and actionable data that allows investors to integrate ESG factors into their investment decisions, while identifying those companies that are well-positioned to address current and future sustainability-driven challenges and opportunities.”

The company said it ranked in the 100th percentile for leading performance in the following areas:

  • Economic: corporate governance, risk and crisis management, and materiality;
  • Environmental: management of water-related risks; and
  • Social: Labour practices, corporate citizenship, and talent attraction and retention.

Manjit Jus, Head of ESG Ratings, RobecoSAM, said: “We congratulate Newmont Goldcorp for being included in the DJSI World and the DJSI North America indices. The SAM Corporate Sustainability Assessment has again raised the bar in identifying those companies best-positioned to address future sustainability challenges and opportunities.”