Insights

Newcrest (ASX:NCM) share price in focus with carbon neutrality pledge

The Newcrest Mining Ltd share price could be in focus this morning with news the company has vowed to go carbon neutral by 2050.
The post Newcrest (ASX:NCM) share price in focus with carbon neutrality pledge appeared first on The Motley Fool Australia. –

green asx share price represented by lots of piggy banks in a green background

Shares in Newcrest Mining Ltd (ASX: NCM) could be in focus this morning with news the company has vowed to go carbon neutral by 2050. The Newcrest share price closed yesterday’s trade at $28.35.

The commitment follows the gold miner’s previous emissions reduction target, which it made in 2019. Then, Newcrest pledged to reduce its greenhouse gas emissions by 30% by 2030.

Let’s take a closer look at today’s news from Newcrest Mining. 

Net-zero carbon emissions by 2050

Newcrest Mining announced it aims to reach net-zero carbon emissions across its operational scope 1 and scope 2 emissions by 2050.

Scope 1 emissions are those created by the company’s direct activities, such as running fleet vehicles or machinery. Scope 2 emissions are created alongside the electricity that powers the company’s activities.

Newcrest stated it’s also working to reduce its scope 3 emissions. Scope 3 emissions are those created downstream of a company’s business, during activities such as the transportation or further treatment of products. It will be interesting to watch how the Newcrest share price performs today as investors digest the company’s new commitments.

The gold miner also outlined the progress it’s made in reaching its target to reduce greenhouse emissions by 30% by 2030.

So far, it has created greenhouse gas management plans, which link achievements in emissions reductions to senior executive incentive payments. It’s also begun to measure greenhouse gas emissions across its value chain.

Finally, Newcrest has continued to implement the use of renewable energy – particularly from wind.

Newcrest also publishes a comprehensive sustainability report each year outlining its progress towards sustainability in its operations. 

Commentary from management

Newcrest managing director and CEO Sandeep Biswas commented on the company’s net-zero emissions goal, saying:

Given our experience with identifying and applying innovative technologies, Newcrest has the potential to be at the forefront of meeting the challenge of net zero carbon emissions by 2050. As an industry more broadly, we have the ingenuity, technology and capability to take on this challenge and reduce our carbon footprint. We are seeing the rapid evolution of a range of new technologies that will help reduce emissions going forward and Newcrest is well positioned to leverage this technology as the world moves towards a zero-carbon future.

Newcrest Mining share price snapshot

The Newcrest Mining share price has been a solid performer on the ASX so far this year. Newcrest shares have jumped by almost 10% since the start of 2021. Though, they are still trading 12.1% less than they were this time last year.

The gold miner has a market capitalisation of around $23 billion, with approximately 817 million shares outstanding.   

Where to invest $1,000 right now

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

See The 5 Stocks

*Returns as of February 15th 2021

More reading

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

The post Newcrest (ASX:NCM) share price in focus with carbon neutrality pledge appeared first on The Motley Fool Australia.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!