exo-is/governance-reporting-on-listed-companies huggingface dataset:
Keyword: corruption
Corruption and bribery
Prevention and detection of bribery, fraud, extortion, collusion, money laundering, 
corruption, etc., through training, policies and standards
Cybersecurity and data 
privacy
Protection of internal systems and equipment (including operational safety systems), 
networks, devices, data, etc. from unauthorized access or criminal use; Safeguarding the 
privacy and personal data of customers, employees, workers and business partners
Employee attraction, 
retention, engagement 
and development
Attract, recruit and retain a skilled workforce; Employee engagement, transparency and 
collaboration; Training and development for employees to build capabilities, career 
opportunities and advance knowledge to ensure skills and talent pipeli
Keyword: corruption
Concerns about fraud/corruption
18
2%
Concerns pertaining to environmental health and/or 
safety regulations

29

3%
Conflicts of interest
68
6%
Incidents of discrimination
47
4%
Inquiries and compliance reviews
341
32%
Misconduct or inappropriate behavior
478
45%
Misuse of company assets
47
4%
Vendor/contractor issues
22
2%
Other types of matters
16
2%
TOTAL
1,066
100%
1 The 2023 data includes matters received from former Newcrest locations resulting from the Newcrest 
acquisition for the period 11/06/2023 – 12/31/2023 only.
2 Newmont’s Code of Conduct and Business Integrity Policy, both available at Newmont.com, outline our 
approach to preventing and addressing matters related to conflicts of interests, gifts, and bribery/corruption.
Read more about Our Approach 
to
Keyword: corruption
These – along with our standards on Anti-Corruption, 
Conflicts of Interest, Gifts and Entertainment and U.S. Export 
Compliance – set the minimum requirements for honest and 
ethical conduct at Newmont.  
Our global Business Integrity and Compliance (BI&C) 
program actively supports adherence to these principles. 
A global team – led by our Group Head, Business Integrity 
& Compliance and composed of lawyers, auditors, systems 
experts, internal investigators and other compliance 
professionals – oversees the program’s day-to-day 
implementation, management and continuous improvement. 
Updated March 2024
Read more about our business integrity 
and transparency events and performance 
in the 2023 Performance Data tables.
2023 Sustainability Report
Newmont Corporation
36
Governance
Newmont C
Keyword: corruption
program’s core elements, including anti-corruption, 
conflicts of interest, gifts and entertainment and 
inappropriate abusive behaviors. Recognizing the 
challenge of reporting misconduct, the 2023 
training included a dedicated section to enhance 
transparency about Newmont’s Integrity Helpline 
and internal investigations process. These efforts 
resulted in a 30 percent increase in reporting 
compared to 2022 (37 percent including matters 
received from former Newcrest locations after the 
acquisition on November 6, 2023). Throughout the 
year, BI&C held several targeted, in-depth outreach 
sessions (including training) for higher-risk 
functions such as Safety and Sustainability, Supply 
Chain and high-risk contractors.
Through the quarterly Organizational Justice and 
Integrity Dashbo
Keyword: corruption
To uphold our anti-corruption commitment, over 
70 business leaders – including Executive Vice 
Presidents, Managing Directors, site General 
Managers, and key function leaders in areas like 
Supply Chain, Legal and Finance – personally certified 
each quarter that their specific region or functional 
area maintained effective controls and that they 
were unaware of any interactions on behalf of 
Newmont, that would violate our Code of Conduct, 
policies, standards or applicable laws.
We improved our process to centrally and 
consistently screen disclosures from internal and 
external applicants to open positions at Newmont 
related to conflicts of interest and government/
political exposure. Any positive disclosures by 
candidates must be cleared by BI&C before 
advan
Keyword: corruption
the primary tool we use to manage corruption, 
human rights, environmental, climate change and 
other risks in our global supplier network.
As of the end of 2023, seven Newmont operating 
sites and the corporate office have fully 
implemented SRiM, assigning suppliers a tier risk 
rating and creating appropriate risk mitigation plans 
in line with SRiM’s requirements. SRiM will be fully 
implemented at all our operating sites by the end of 
2026. Key activities in 2023 to address potential risks 
included the following:
	• We pre-screened all prospective suppliers for 
corruption and compliance concerns. In 2023, 
23 potential suppliers were flagged for corruption, 
trade sanctions and political exposure risks and 
disqualified from doing business with Newmont.
	• We identified and r
Keyword: corruption
third parties and conducted anti-corruption 
training with the top 15. Additionally, as part of 
our anti-corruption detection process, we 
examined payments to high-risk suppliers in 
Peru, Mexico, Argentina and Suriname during 
the first half of 2023.
	• At the end of the year, 100 percent of our 
suppliers with potential extreme or high risks 
had approved risk mitigation plans (supplier 
management plans) in place.
	• We conducted human rights training for over 
180 suppliers in Australia, Ghana, Peru, Suriname 
and the U.S. More information on managing 
human rights risks in our supply chain is discussed 
in the Human Rights section.
GLOBAL SUPPLY CHAIN CONTINUITY
In response to the ongoing conflicts in the Middle 
East, we are diligently monitoring global supply 
status and em
Keyword: corruption
commit to a workplace free from corruption, discrimination, 
harassment and retaliation. Our Head of Respect at Work 
leads a multi-year program to address sexual harassment, 
racism, bullying and discrimination, including discrimination 
on the basis of sexual orientation and gender identity. This 
position reports to the Chief Safety and Sustainability Officer 
to ensure our workplaces are safe and inclusive for all.
Newmont’s Board of Directors’ Leadership Development and 
Compensation Committee meets with management at least 
every quarter to receive updates on performance metrics 
and progress in implementing our People Strategy. The 
committee chair apprises the full Board of any significant 
matters or developments as needed.
Updated March 2024
Photo: Musselwhite, Canada
202
Keyword: corruption
remains a key tool for managing corruption, human 
rights, environmental, climate change and other 
risks across our global supplier network. 
In 2023, the enterprise functions and the seven 
operating sites that have SRiM in place issued 1,252 
pre-qualification surveys to new suppliers, with 913 
(73 percent) responding and providing information 
on human rights risks. Among the suppliers that 
responded, 248 were identified as having an 
elevated likelihood of impacting human rights and 
underwent further due diligence. Additionally, we 
completed scope-of-work risk assessments to 
identify human rights-related risks associated with 
the nature of the work. 
Newmont’s Integrity Helpline and our local site 
community complaint and grievance channels are 
critical for identifying
Keyword: corruption
Integrity and anti-corruption measures
Policy influence
Environment
Air emissions
Biodiversity
Closure and reclamation
Cyanide management
Significant materials consumption
Spills
Tailings management
Waste
Water stewardship
Health and safety
Emergency preparedness
Workforce safety
Social
Artisanal and small-scale mining
Community impacts
Complaints 
Human rights assessments
Human rights supplier screening
Human rights security personnel training
Human rights workforce training
Indigenous peoples
Land or resource use disputes
Resettlement and/or relocation activity
Social impact assessment and engagement
Value sharing
COVID-19 Global Community Support Fund
Community investments
Economic value generated and distributed
Supply chain spending
Tax transparency
Workforce
Brea
Keyword: tax
salaries, taxes, royalties, 
payments to governments and 
community contributions 
Committed to being an early 
adopter of the Taskforce on 
Nature-related Financial 
Disclosures (TNFD), a new 
framework for disclosing nature-
related risks and opportunities 
Completed self-
assessments for all 
11 priority facilities to 
support ongoing conformance 
with Global Industry Standard 
on Tailings Management 
4
2023 Sustainability Report
Newmont Corporation
Photo: Cerro Negro, Argentina
LETTER FROM OUR PRESIDENT AND 
CHIEF EXECUTIVE OFFICER
“The year demonstrated our team’s unwavering 
commitment to long-term goals, prioritizing 
sustainable solutions over short-term gains. 
This quality sets Newmont apart, reflecting the 
depth of character within our organi
Keyword: tax
Taxes and Royalties Contribution Report, which 
discloses our tax strategy and significant economic 
contributions to host communities and governments 
in line with our commitment to creating shared value. 
Leadership Development and 
Compensation Committee
The Leadership Development and Compensation 
Committee develops and oversees the Company’s 
executive compensation policies and programs. 
This includes holding executives accountable for 
the Company’s health, safety and sustainability 
performance through an effective performance-
based compensation structure. The committee 
also oversees the leadership development, succession 
planning and talent management approach. It reviews 
the Company’s People Strategy and efforts to create 
and main
Keyword: tax
TAX CONTRIBUTION
ARTISANAL AND SMALL-SCALE 
MINING (ASM)
INNOVATION/TECHNOLOGY 
DEPLOYMENT
NON-HAZARDOUS 
WASTE MANAGEMENT
WORKFORCE DIVERSITY, 
EQUITY AND INCLUSION
COMMUNITY HEALTH, 
SAFETY AND SECURITY
CLIMATE CHANGE RISK, 
RESILIENCE AND ADAPTATION
LOCAL AND INDIGENOUS 
COMMUNITY RIGHTS
WATER QUALITY 
AND POLLUTION
AIR POLLUTION
LOCAL AND INDIGENOUS 
COMMUNITY HIRING
ESG GOVERNANCE
Business Impact
Environmental/
Societal Impact
2023 MATERIALITY MATRIX
2023 Sustainability Report
Newmont Corporation
Overview | Our Approach to Sustainability
24
Material Issues
List of issues and definitions
Issue
Definition
Advocacy and political 
responsibility
Public policy and transparent political engagement that aligns with the Company’s 
environmental,
Keyword: tax
Value sharing and tax 
contribution
Direct and indirect value sharing in host countries, regions and communities through 
investments, procurement spending, supporting/partnering with diverse local suppliers, 
commerce, regional development, infrastructure, fair tax contributions, etc.
Water quality and 
pollution
Water quality and water pollutants from own operations; Availability of clean water in 
communities (i.e., for drinking, agricultural use, etc.); Monitoring of water discharges 
throughout the value chain
Water use, reuse and 
replenishment
Water use and increase water reuse and recycling in own operations; Water availability/
access/security for communities, especially in water-stressed areas; Monitoring of water 
use throughout the value chain
Worke
Keyword: tax
Bilateral Tax Treaty (BTT), which provides tax rate 
security, prevents double taxation and guards 
against barriers to profit repatriation for U.S. 
investors in Chile. The BTT was signed into law in 
December. Newmont also participated in the 
Summit of the Americas event held in Denver, 
hosting representatives from Argentina, Canada 
and Suriname.
2023 Sustainability Report
Newmont Corporation
Governance | Business Integrity and Compliance
38
RISK MANAGEMENT 
SYSTEM
Managing risks and opportunities is 
crucial for businesses, particularly for 
mining companies due to their broad risk 
profile. Identifying, defining, assessing 
and mitigating risks are critical to 
delivering on our overall business strategy 
and commitment to sustainability. 
Newmont’s global Risk Management 
Syste
Keyword: tax
Paid nearly $1.3B in taxes, royalties 
and other payments to governments 
Spent approximately $1.4B with 
local and national suppliers in host 
countries 
Contributed $37M in community 
investments and $2.2M through 
the COVID-19 Global Community 
Support Fund 
2023 Sustainability Report
Newmont Corporation
95
Photo: Boddington, Australia
VALUE SHARING 
Businesses are increasingly expected 
to actively contribute toward 
solutions that address societal 
challenges, enhance outcomes and 
involve communities in decisions 
that impact them. To fulfill these 
expectations, Newmont aims to 
create shared value, act as a catalyst 
for sustainable development, and 
build trust and credibility through 
meaningful engagement and 
transparent reporting. 
We monitor various me
Keyword: tax
taxes, royalties and other payments to governments, 
and $37 million in community investments.
Contributing to Public Revenue 
Transparency 
As part of Newmont’s commitment to strengthening 
transparency in reporting on tax and royalty 
payments, contracts and beneficial ownership, we are 
members of the Extractive Industries Transparency 
Initiative (EITI) and supported a statement that 
makes several commitments to Beneficial Ownership 
Transparency in line with the expectations for EITI 
supporting companies. In June 2023, EITI published 
its assessment of 62 companies, including Newmont, 
and their adherence to EITI’s expectations. The 
review confirmed Newmont met each of the nine 
expectations. The review is available online. 
Read more ab
Keyword: tax
2023 Taxes and Royalties 
Contribution Report.
2023 Sustainability Report
Newmont Corporation
96
Economic
2023 Sustainability Report
Newmont Corporation
Photo: Cerro Negro, Argentina
ECONOMIC VALUE DISTRIBUTED: COUNTRY LEVEL (MILLIONS)1
Country
Operating 
costs2
Employee 
wages and 
benefits3
Capital 
spend4
Payments to 
providers of 
capital5
Payments to 
governments6
Community 
investments7
Total
Argentina
$153 
$108 
$160 
– 
$90 
$15 
$526 
Australia
$1,069 
$322 
$620 
$42 
$527 
$1 
$2,581
Canada
$743 
$293 
$408 
$10 
$18 
$2 
$1,474 
Ghana
$680 
$143 
$320 
$15 
$316 
$12 
$1,486 
Mexico
$636 
$184 
$110 
$18 
$136 
$2 
$1,086 
Papua New 
Guinea
$135 
$30 
$53 
$1 
$22 
–
$241 
Peru
$440 
$95 
$262 
$33 
$51 
$3 
$884 
Suriname
$272 
$87 
$82
Keyword: tax
and benefits of $1,670, included in the employee wages and benefits column; $505 in payments to governments for royalties, employer taxes, property 
taxes and sales/production taxes included in the payments to governments column; $20 of indirect costs; $73 of byproduct sales, which are recognized 
as credits to costs applicable to sales in our 2023 Form 10-K, and $37 of community investments included in the community investments column.
3 Employee wages and benefits are presented on an accrued basis and include employee wages and benefits of $1,665 and severance expense, which 
is reported within Other Expense in our 2023 10-K, of $19.
4 Capital spend is presented on an accrued basis and excludes employee wages and benefits capitalized of $76, capitalized interest of $81 and 
Nevada spend of $472.
5 Payments to providers of capital include interest expense of $240 (exclud
Keyword: tax
6 Payments to Governments include current year cash payments for income and mining taxes, governmental royalties, accrued employer, property, 
sales, production, and withholding taxes. The above also includes export duties paid in Argentina. Amounts may not calculate due to rounding.
7 Community investments data includes direct spending for community benefit, monetary donations and the monetary value of in-kind donations. 
Australia includes Perth regional office; Canada includes Vancouver regional office; U.S. includes the Denver corporate headquarters and excludes 
Nevada. All former Newcrest sites and offices are excluded from community investment data for 2023. Community investment data excludes the 
COVID-19 Global Community Fund contributions.
Local and Indigenous Employment Performance
PUBLIC TARGETS
We set annual loca
Keyword: tax
will be funded through Works for Taxes, a public-private funding mechanism that allows companies to 
fund public works projects through their taxes.
Since launching the Happy Schools Project (supported by the Newmont COVID-19 Global Community 
Support Fund), more than 8,000 students from 114 educational institutions in Cajamarca have 
benefited from improved classroom environments. The project also provided specialized training to 
nearly 350 directors and teachers.
Suriname
Newmont completed the first two phases of turning an existing community center into a multi-
functional center (the Snesie Kondre Multifunctional Center Project). The center will house a modern 
police station, victim care agency, legal office, central bureau for civil and social affairs, first aid room 
an
Keyword: tax
Tax transparency
Workforce
Breakout of total workforce
Compensation and equal remuneration
Diversity
Labor management relations
Talent attraction and retention
Training and professional development
Performance data tables for Newcrest sites during the period November 6 – December 31, 2023 for select material data are presented 
in alphabetical order by category:
Environment
Water stewardship
Health and safety
Workforce safety
Workforce
Workforce demographics overview
Compensation and equal remuneration
PERFORMANCE DATA
Detailed performance data, reflecting the annual 
disclosure of our sustainability performance at 
wholly owned operations and joint ventures where 
Newmont is the operator is available in our 2023 
Performance Data tables. Ener
Keyword: governance
Governance	
33
Corporate Governance	
35
Business Integrity and Compliance	
36
Risk Management System	
39
Sustainability Compliance and Assurance	
41
Responsible Sourcing	
45
Social	
47
Health, Safety and Security	
49
People and Culture	
53
Human Rights	
56
Social Acceptance	
64
Environment	
69
Energy and Climate Change	
71
Water Stewardship	
72
Tailings Management	
82 
Biodiversity	
86
Closure and Reclamation	
89
Materials	
92
Economic	
94
Value Sharing	
96
Performance Data	
104
Reporting Index	
106
About This Report	
108
Cover Photo: British Columbia, Canada
For details on the scope of this report (i.e., sites and 
locations included or not included and references to 
the Goldcorp and Newcrest acquisitions), please see 
the About This Report section
Keyword: governance
Information about the governance, risk management, 
and our strategy and management approach for 
each material issue, which has previously been 
included in the report, is now available on our new 
Disclosure and Transparency Hub on our website.
NEWCREST INTEGRATION
Continuing our journey toward industry-leading 
sustainability practices involves integrating systems 
and aligning on standards, performance metrics and 
targets. We began this effort in 2023 and will 
continue throughout 2024. 
Details of the Newcrest disclosures included in this 
report and our 2023 Performance Data tables are in 
About This Report.
2023 Sustainability Report
Newmont Corporation
3
2023 Sustainability Report
Photo: Cerro Negro, Argentina
2023 SUMMARY
Fulfilled commitment to 
contribute $20M
Keyword: governance
• Improvements to Newmont’s governance and risk management around the safe design, construction, 
operation and closure of tailings facilities throughout the mine lifecycle.
	• Efforts to reduce water consumption, improve water governance and implement predictive tools to 
support planning for water management across all sites.
	• Tracking of external trends for the shift to nature positive and alignment with the future reporting 
requirements for the Taskforce on Nature-related Financial Disclosures (TNFD). 
	• Details on the Company’s updated Closure Strategy and five-year strategic plan.
	• Continued advancement of the Path to Zero Cyanide Spills program including reduction in number 
of events and potential consequence. 
ADVANCING INDUSTRY LEADERSHIP
The acquisition of Newc
Keyword: governance
to environmental, social and governance (ESG) 
principles is fundamental to achieving our purpose.
2023 Sustainability Report
Newmont Corporation
Photo: Porcupine, Canada
9
OVERVIEW
Public Sustainability Targets	
11
Our Business	
16
Our Approach to Sustainability	
19
Leadership Reflections 	
29
Suzy Retallack, Executive Vice President 
and Chief Safety and Sustainability Officer
Natascha Viljoen, Executive Vice President 
and Chief Operating Officer
Karyn Ovelmen, Executive Vice President 
and Chief Financial Officer
Ranked 2nd among 
110 companies across the 
extractive and apparel industries in 
the 2023 Corporate Human Rights 
Benchmark assessment 
Assessed and identified 33 highly 
material sustainability 
issues on which we focus our 
public disclosures 
Over 63% of Board m
Keyword: governance
stakeholder watershed governance bodies that support collective action/management of 
water, and improving water quality and quantity
Across all 12 sites, 82 of 103 action plans (around 80%) were completed in 2023. Three were 
canceled due to no longer being relevant, and the remaining were deferred to 2024.
Water Stewardship
Water efficiency
All sites to achieve annual water efficiency targets that support an overall reduction in fresh 
water of more than 5%, with sites in water-stressed areas to reduce overall fresh water 
consumption by at least 10%*
* From the 2018 baseline
All but one site (Cerro Negro) achieved their annual site-specific water efficiency targets. 
Overall, Newmont has reduced fresh water consumption at our 12 operating sites by 26% 
from the 2018 ba
Keyword: governance
stakeholder watershed governance bodies that support collective action/management of 
water, and improving water quality and quantity
Water Stewardship
Water efficiency
Newmont sites prior to the acquisition of Newcrest aim to maintain a greater-than-5% reduction 
in fresh water consumption, and sites in water-stressed areas aim to reduce by at least 10%*
* From the 2018 baseline
Water Stewardship
Closure and reclamation
Achieve 95% of planned reclamation activities/associated actions across the Company
Closure and Reclamation
Value Sharing
Target definition
More information
Local/Indigenous employment1
All sites achieve local/Indigenous targets as defined in formal community agreements or 
defined by site
Value Sharing
Local/Indigenous procurement1
All sites achieve spen
Keyword: governance
governance (ESG) practices. The 
Company is an industry leader in value 
creation, supported by robust safety 
standards, superior execution, and 
technical expertise. Newmont was 
founded in 1921 and has been publicly 
traded since 1925.
On November 6, 2023, we completed the acquisition 
of Newcrest Mining Limited (“Newcrest”) (“the 
Newcrest transaction”). Select results of Newcrest for 
the period November 6–December 31, 2023, are 
included in the 2023 Performance Data tables.
The successful acquisition of Newcrest was a 
standout moment in our history, positioning 
Newmont as the world’s largest gold mining 
company with an outstanding portfolio of Tier 1 
assets and a clear pathway to becoming a global-
scale copper producer. We remain grounded
Keyword: governance
governance. With clear targets, 
meaningful engagement and 
transparent reporting, we strive for 
continuous improvement to meet the 
evolving expectations of investors, 
governments, communities and other 
key stakeholders, and to contribute to 
a sustainable future for all.
SUSTAINABILITY AND THE MINE LIFECYCLE
S
O
C
I
A
L
E
N
V
I
R
O
N
M
E
N
T
A
L
E
C
O
N
O
M
I
C
EX
PL
O
R
A
TI
O
N
D
EV
EL
O
P
M
E
N
T 
& 
D
ES
IG
N
C
O
N
S
T
R
U
C
TI
O
N
P
R
O
D
U
C
TI
O
N
CL
O
S
U
R
E
P
O
ST
-C
L
O
S
U
R
E
Mine
Lifecycle
Photo: Boddington, Australia
Newmont Corporation
19
Overview
2023 Sustainability Report
19
Overview
Our Sustainability Strategy
Newmont’s Sustainability Strategy aligns with the 
evolving landscape of environmental, social and 
governance (ESG) p
Keyword: governance
governance, aligns business practices with 
sustainability and ESG standards, and integrates 
feedback from extensive engagement and 
consultation. The strategy is aimed at realizing the 
Company’s purpose of creating value and improving 
lives through sustainable and responsible mining.
More information on this strategy is included 
throughout this report.
Our Health, Safety and 
Security Strategy
Newmont’s Health, Safety and Security Strategy 
supports our pursuit of a workplace free from 
fatalities, injuries and illnesses. Recognizing 
progress while emphasizing the need for 
continued improvement, the strategy focuses 
on three key themes: 
1
Acting on risk to control outcomes;
2
Actively caring by engaging and supporting 
employees and partners
Keyword: governance
DOCUMENTATION GOVERNANCE FRAMEWORK 
 
2023 Sustainability Report
Newmont Corporation
Overview | Our Approach to Sustainability
20
CODE OF CONDUCT
Sets out expectation of behavior for Newmont 
employees, oﬃcers and directors and for our 
partners, vendors and third-party workers when 
they are working with us or on our behalf.
POLICIES
Broad encompassing statement of business 
intentions, aspirations and/or commitments.
GLOBAL STANDARDS
Speciﬁes minimum acceptable requirements for 
behaviors, decisions and/or performance. Identiﬁes 
roles and responsibilities for managing risk.
GLOBAL STANDARD 
IMPLEMENTATION GUIDES
AND SUPPORTING DOCUMENTS
Provides the approach for how requirements 
outlined in a Standard need to be implemented.
BUSINESS UNIT OR SITE PROCEDURES
Su
Keyword: governance
Governance
Library
Business Unit
Controlled
Document
Libraries
Sustainability Governance
Newmont’s Board of Directors (“the Board”) is 
responsible for providing oversight and accountability 
for the Company. The Board oversees the Company’s 
Corporate Strategy and maintains a sense of 
responsibility to Newmont’s stockholders, 
customers, employees, suppliers, host communities 
and governments. 
BOARD OVERSIGHT
The full Board is responsible for providing oversight 
and holding management accountable for the 
Company’s safety and sustainability performance. 
The Board delegates specific matters to each of the 
Board’s committees to ensure sustainability 
considerations are integrated into the business at all 
levels of the organization and that our g
Keyword: governance
Corporate Governance and 
Nominating Committee
The Corporate Governance and Nominating 
Committee is responsible for ensuring the Board 
comprises qualified individuals who act in the best 
interests of shareholders and key stakeholders. 
This involves overseeing and advising on corporate 
governance issues, Board leadership and succession 
planning, including identifying individuals to serve 
on the Board with expertise in health, safety, 
environmental and social performance.
More information about Newmont’s Board 
members and committees is available in our 
2024 Proxy Statement.
SAFETY AND SUSTAINABILITY COMMITTEE
Jane Nelson (director since 
2011 and Chair of the Safety 
and Sustainability Committee 
since 2019) has a long and 
distinguished career advocat
Keyword: governance
SUSTAINABILITY GOVERNANCE
BOARD OF DIRECTORS
The full Board oversees and holds management accountable for the Company’s sustainability 
performance. The Board delegates specific matters to each of the Board’s committees to ensure 
the integration of sustainability considerations throughout the business.
EXECUTIVE AND STRATEGIC LEADERSHIP TEAMS
Newmont management holds the primary responsibility for the daily implementation and 
management of sustainability matters. Although all executives actively engage in sustainability 
matters and the associated risks, dedicated sustainability-focused leaders are part of our 
executive and strategic leadership teams.
ENTERPRISE TEAMS
Newmont’s enterprise teams establish 
health, safety, security, people, governance, 
social per
Keyword: governance
security, people, governance, social 
performance and environment.
Read more about how Newmont’s 
2023 sustainability performance 
impacted remuneration in the 
2024 Proxy Statement.
2023 Sustainability Report
Newmont Corporation
Overview | Our Approach to Sustainability
22
Stakeholder Engagement
We view anyone affected by our activities and vital 
to our success as a stakeholder. 
An overview of stakeholder groups, topics, 
engagement mechanisms and examples of how 
Newmont engages with each stakeholder group is 
posted on our website. Further details on our 
engagement with stakeholders are included 
throughout this report. 
Materiality
Each year, we conduct a materiality assessment to 
identify, assess and prioritize our current, near-term 
and emerging sustainabil
Keyword: governance
Governance and various individual material issues. 
No new issues were identified as part of the 2023 
process. All material issues are addressed in this 
report mostly in the four main sections – 
Governance, Social, Environment and Economic. 
Starting with this year’s report, we have provided 
information on our website about the governance, 
risk management, and our strategy and management 
approach for the material issues. This ensures the 
discussion and disclosures in this report concentrate 
on our performance for the reporting year. Key 
performance indicators for all issues shown on the 
2023 materiality matrix are included in the 2023 
Performance Data tables and are available on our 
website as downloadable ESG data tables. 
In addition to
Keyword: governance
ESG GOVERNANCE
Business Impact
Environmental/
Societal Impact
2023 MATERIALITY MATRIX
2023 Sustainability Report
Newmont Corporation
Overview | Our Approach to Sustainability
24
Material Issues
List of issues and definitions
Issue
Definition
Advocacy and political 
responsibility
Public policy and transparent political engagement that aligns with the Company’s 
environmental, social and governance policies and position; Collaboration with public 
sector, peers and industry associations to advocate for better outcomes for people and 
planet
Air pollution
Release of material air pollutants, including nitrogen oxides (NOx), sulfur oxides (SOx), 
carbon monoxide (CO), mercury (Hg), Arsenic (As), Lead (Pb), Selenium (Se), Volatile 
organic compounds (VOCs) an
Keyword: governance
ESG governance
ESG integration and governance, including board composition/diversity, expertise, 
oversight, executive compensation, etc.; Publicly reporting on ESG-related issues, risks, 
opportunities, outcomes, policies, plans, performance and goals; Critical and systemic risk 
management
Geopolitical risk
Assessment and avoidance of conflict-affected and high-risk areas; Robust due diligence to 
ensure human rights are respected and ensuring own operations and activities are not 
contributing to conflict
Greenhouse gas (GHG) 
emissions
GHG emissions and intensity in own operations and value chain (Scope 1, 2, 3), including 
transportation/logistics; Invest in and implement alternative fuels for transportation, 
including employee travel
Human and lab
Keyword: governance
and governance that improve accountability. 
How does Newmont differentiate itself in the industry when it comes to ESG?
Our integrated approach, from the Board to our operations, ensures we are all talking about the same things 
when it comes to sustainability. We are committed to continuous improvement, whether it’s access to water, 
economic resilience beyond the life of the mine or keeping people safe so everyone goes home to their families 
at the end of each day. It is a privilege to serve in this role and build on Newmont’s strong legacy of valuing 
sustainability and responsible mining.
2023 Sustainability Report
Newmont Corporation
Overview | Leadership Reflections
30
2023 Sustainability Report
Newmont Corporation
Overview | Leadership Reflectio
Keyword: governance
governance (ESG) principles is fundamental to 
achieving our purpose. 
33
2023 Sustainability Report
Newmont Corporation
Photo: Peñasquito, Mexico
GOVERNANCE
Corporate Governance	
35
Business Integrity and Compliance	
36 
Risk Management System	
39
Sustainability Compliance 
and Assurance	
41
Responsible Sourcing	
45
More than 11,000 integrity and 
compliance employee interactions, 
both online and in-person, throughout 
the year 
Advanced Respect at Work 
program to eliminate disrespectful 
behaviors and foster a work environment 
where everyone is treated with respect 
and dignity 
More than 63% of Board 
members are gender or 
ethnically diverse 
Newmont Corporation
34
34
Photo: Tanami, Australia
2023 Sustainability Report
CORPORATE 
GOVERNANCE
Ef
Keyword: governance
fective corporate governance, rooted 
in positive stakeholder relationships 
and well-defined policies, standards, 
processes and responsibilities, is 
crucial for managing risks, upholding 
ethical conduct and guiding the 
Company’s direction and operations. 
At Newmont, management 
accountability and proactive oversight 
by an experienced, diverse Board play 
a pivotal role in cultivating a culture 
of integrity, meeting stakeholder 
expectations and honoring our 
sustainability commitments.
Board of Directors
Newmont’s Board of Directors (the “Board”) is 
responsible for providing oversight and 
accountability for the Company. The Board 
oversees the Company’s Corporate Strategy and 
maintains a sense of responsibility to Newmont’s 
stockholders, customers, employe
Keyword: governance
Governance and Nominating, Leadership 
Development and Compensation, and Safety and 
Sustainability – assist the Board in carrying out its 
oversight responsibilities such as reviewing major 
risks, ensuring high standards of ethical business 
conduct, discussing succession planning and talent 
management, and reviewing safety and 
sustainability performance.
Guided by our purpose and values, the members of 
our Board leverage their diverse backgrounds, skills 
and experiences to oversee the Company’s strategy 
and evaluate risk and performance for Newmont’s 
long-term success. Our Board has a wide range of 
leadership and senior management experience in 
industry and specialized fields as well as across 
operating regions. 
More information about Ne
Keyword: governance
governance practices on our website.
2023 Sustainability Report
Newmont Corporation
35
Governance
2023 Sustainability Report
Newmont Corporation
BUSINESS INTEGRITY 
AND COMPLIANCE
Integrity is fundamental for building 
and preserving the trust that serves 
as a foundation for our business. 
As a core value, integrity guides our 
daily actions, and our global 
Business Integrity and Compliance 
program establishes robust controls 
and cultivates a culture where all our 
relationships are based on integrity.
We measure the effectiveness of our integrity and 
compliance risk management approach by 
benchmarking against regulatory and industry-
leading practices, as well as monitoring several 
metrics and performance objectives. 
Integrity and Compliance
Keyword: governance
our governance, risk, strategy and 
management approach.
Newmont Corporation
1
Our Approach to Business Integrity 
and Compliance
Integrity is fundamental for building and preserving the trust that 
serves as a foundation for our business. As a core value, integrity guides 
our daily actions, and our global Business Integrity and Compliance 
program establishes robust controls and cultivates a culture where all 
our relationships are based on integrity. 
GOVERNANCE
Our global Code of Conduct (the “Code”) and the following 
six overarching policies form the foundation for our 
integrity expectations: 
1. Asset and Value Protection 
2. Business Integrity
3. Health, Safety and Security
4. Operations and Resource Development 
5. People
6. Sustainability and
Keyword: governance
Governance
Newmont Corporation
INTEGRITY CULTURE
There were more than 11,000 employee interactions 
with our online and in-person Business Integrity and 
Compliance (BI&C) training throughout the year. 
In 2023, we conducted our annual online integrity 
and compliance training during the third quarter, 
and 98 percent of eligible employees (i.e., those 
with computer access) completed the training. The 
training sessions covered a variety of our BI&C 
program’s core elements, including anti-corruption, 
conflicts of interest, gifts and entertainment and 
inappropriate abusive behaviors. Recognizing the 
challenge of reporting misconduct, the 2023 
training included a dedicated section to enhance 
transparency about Newmont’s Integrity Helpline 
and i
Keyword: governance
Governance | Business Integrity and Compliance
Public Policy Performance
In 2023, we engaged with government and regulatory officials in all our operating regions. Along with providing regular updates on the Company’s operations, top issues for each jurisdiction, as well as emerging risks and 
opportunities, public policy advocacy efforts in the countries where we operate included the following: 
Argentina 
To support supply chain resiliency, the Cerro Negro 
team worked with authorities to expedite the 
bureaucratic approval process for importing goods 
and services. In August, Newmont sponsored the 
Buenos Aires Conference by the Council of the 
Americas. The event was attended by leading 
presidential candidates and representatives from 
governmen
Keyword: governance
improve governance and infrastructure in the 
province. Key matters discussed included 
establishing best practices for government 
procurement opportunities and exploring potential 
public-private partnerships for water infrastructure 
investments in Cajamarca.
Suriname
The Suriname team is actively engaged with 
government officials and other key stakeholders on 
proposed legislation called the Indigenous and 
Tribal Peoples Collective Rights Act. Newmont 
supports the general principles of the act as it 
enhances the rights of Indigenous peoples in 
Suriname while also considering the Company’s 
existing Mineral Agreement. The government has 
publicly stated that it will safeguard Newmont’s 
interests and adhere to the Mineral Agreement in 
any version of
Keyword: governance
Governance | Business Integrity and Compliance
38
RISK MANAGEMENT 
SYSTEM
Managing risks and opportunities is 
crucial for businesses, particularly for 
mining companies due to their broad risk 
profile. Identifying, defining, assessing 
and mitigating risks are critical to 
delivering on our overall business strategy 
and commitment to sustainability. 
Newmont’s global Risk Management 
System (RMS) framework clearly defines 
processes for managing risks and 
opportunities across the business.
The RMS integrates all of Newmont’s management 
systems, ensuring a consistent, standardized and 
comprehensive approach to risk management. It 
provides detailed risk information for leaders to 
make informed decisions, comply with obligations 
and achieve bus
Keyword: governance
• Standards and governance – The global RMS 
Standard defines the requirements for controls, 
standards and governance, reporting and 
verification across all functions, business units 
and sites.
	• Verification – The RMS-Verify program, based on 
the three-lines-of-defense model, assesses 
compliance with our global standards and critical 
control verification (CCV) performance. 
Independent internal teams conduct formal audits 
of each operation. Action plans are developed to 
address any gaps identified and support 
continuous improvement. 
	• Reporting – The RMS technology platform houses 
risk information, their rankings, corresponding 
controls, RMS-Verify outcomes, event reporting 
and action plans.
PLAN-DO-CHECK-ACT MODEL
RMS PLATFORM
A
c
t
P
l
a
n
D
o
C
h
Keyword: governance
Governance
2023 Sustainability Report
The three-lines-of-defense model is the basis for the 
RMS-Verify program, facilitating strong governance 
and risk management: 
	• First Line of Defense (LOD1) – For each 
enterprise-level risk, functional risk owners are 
responsible for identifying the controls to manage 
the risk, designating which controls are critical (i.e., 
those that significantly influence the likelihood 
and/or consequence of an unwanted event), and 
designing the CCV strategy to test the 
effectiveness of the controls. CCVs are performed 
by the managers and supervisors responsible for 
control compliance at each site.
	• Second Line of Defense (LOD2) – Functional 
leaders are responsible for verifying systems and 
controls are in pla
Keyword: governance
• Reviewing and aligning governance documentation;
	• Preparing for a global rollout of the LOD1 program 
based on agreed-upon critical controls for safety- 
and sustainability-related risks;
	• Establishing LOD2 programs that now align with 
the RMS that include:
	
−Sustainability risk audits 
	
−Fatality Risk Management (FRM) reviews
	
−Safety culture reviews
	• Effectively using the RMS technology platform, 
including progressing the establishment of a 
centralized compliance register.
Key milestones achieved in 2023 across all functions 
included:
	• Continued support for functional leaders and 
teams in establishing critical controls and 
verification programs.
	• Captured existing risk management activity and 
data in the RMS technology platform. 
	• Implemented a stan
Keyword: governance
Governance | Risk Management System
40
2023 Sustainability Report
Photo: Tanami, Australia
SUSTAINABILITY COMPLIANCE 
AND ASSURANCE
Operating in compliance with laws 
and regulations is a fundamental 
business priority. We build trust and 
meet stakeholder expectations 
through high standards, responsible 
business practices and transparent 
reporting on performance. Newmont’s 
compliance and assurance programs 
assist us in adhering to our 
sustainability obligations while 
also identifying opportunities for 
ongoing improvement. 
We manage our environmental, social and 
political risks within the framework of our global 
Risk Management System (RMS) and its hierarchy 
of policies, standards, guidelines, critical controls 
and procedures.
The manage
Keyword: governance
governance documentation are aligned with the 
International Council on Mining and Metals (ICMM) 
Mining Principles, including Position Statements and 
Performance Expectations, mandated through our 
membership in ICMM. 
Sustainability Risks and 
Standards Performance
In 2023, the Safety and Sustainability team 
continued to implement the RMS for environmental, 
social and political risks. This included developing 
enterprise-level critical controls and supporting 
critical control verifications (CCVs). 
Line of Defense 2 (LOD2) audits for environment and 
social risks were re-introduced in 2023, beginning 
with a focus on programs managing key risks 
associated with resettlement, cultural heritage and 
local content at Akyem and Ahafo South and 
bio
Keyword: governance
Governance
2023 Sustainability Report
Newmont Corporation
Compliance Audit Program
Our compliance audit (CA) program uses a risk-
based approach to assess how sites manage legal 
obligations in regulations, permits and formal 
agreements. Independent auditors review 
compliance with the relevant obligations using a 
standardized methodology, reporting format and 
process for following up on and sharing actions 
associated with audit findings.
The Safety and Sustainability team manages the 
program, and external, independent audit teams 
conduct CAs every three years at each Newmont 
operating site. These audits are crucial for 
understanding our compliance with legal obligations 
and helping manage any current and emerging 
compliance-related trends.
Keyword: governance
Governance | Sustainability Compliance and Assurance
42
Membership-Based Commitments
Our Combined Voluntary Commitments Assessment (CVCA) Program helps us meet the requirements of our various membership organizations. This includes combining assessment criteria for the ICMM PEs 
and Position Statements, WGC’s RGMPs, WGC’s Conflict-free Gold Standard and MAC’s TSM program.
The CVCA program streamlines data and reporting management by providing sites with a single self-assessment tool for multiple membership-based obligations. The tool is adaptable to changing requirements 
and may be expanded to other responsible mining programs and frameworks in the future.
The table below lists the industry programs administered within the CVCA program in 2023.
INDU
Keyword: governance
governance.
ICMM member companies have committed to perform self-assessments of their 
conformance to the PEs and Position Statements, at the site level (supported by 
a company self-assessment) and to obtain third-party validation of these assessments 
on a three-year cycle.
As disclosed in the ICMM and WGC Standards Index, all 12 operating sites (along with 
our enterprise functions) have completed initial self-assessments against the PEs using 
the CVCA tool and were validated by an independent assurance provider. All sites will 
again be self-assessed and validated every three years.
In 2023, Ahafo South, CC&V, Éléonore, Musselwhite and Porcupine completed self-
assessments against their conformance to the PEs. PwC, our independent assurance 
pro
Keyword: governance
Governance | Sustainability Compliance and Assurance
43
Organization
Responsible Minerals Institute (RMI)
Voluntary framework
Activities in 2023
RMI’s Risk Readiness 
Assessment (RRA) is a 
voluntary assessment tool 
that promotes a common 
understanding of good 
practices and a means to 
consistently assess risks in 
mineral supply chains.
We assess ourselves against RMI’s RRA at the company and site level as part of the CVCA 
process. These assessments allow us to track our alignment with what are considered 
good sustainability management practices, including those that relate to our value chain.
All 12 of our operating sites have completed their CVCA self-assessments, which 
highlighted broad alignment with the RRA and identified opportunities re
Keyword: governance
Governance | Sustainability Compliance and Assurance
44
RESPONSIBLE SOURCING
Responsible mining includes 
considering the social and environmental 
impacts throughout the value chain. 
Newmont works with thousands of 
upstream suppliers and downstream 
customers – including direct suppliers, 
smelters and refineries worldwide – 
to implement due diligence practices 
that align with stakeholder expectations 
and demonstrate responsible 
business practices. 
Responsible Sourcing Performance
In 2023, a cross-functional enterprise team reviewed our 
responsible sourcing approach, examining emerging trends 
and best practices. Recognizing the growing expectations 
for companies to address and resolve adverse impacts 
throughout their value chains, we iden
Keyword: governance
details on our governance, risk, 
strategy and management approach.
Newmont Corporation
1
Our Approach to Responsible Sourcing 
Responsible mining includes considering the social and environmental 
impacts throughout the value chain. Newmont works with thousands of 
upstream suppliers and downstream customers – including direct suppliers, 
smelters and refineries worldwide – to implement due diligence practices 
that align with stakeholder expectations and demonstrate responsible 
business practices.
RESPONSIBLE SOURCING STRATEGY
Our Responsible Sourcing Strategy focuses on the following objectives and desired outcomes:
Operational performance reporting and 
independent assurance – Demonstrate through 
credible data, performance indicators and 
assurance that our p
Keyword: governance
Internal governance and capacity – 
Establish internal governance structures 
for improved cross-functional coordination 
and effective implementation across 
the organization.
External engagement – Support access to 
capital and markets through engagement 
that aligns external initiatives with Newmont’s 
responsible sourcing approach.
Updated March 2024
Photo: Gold pour at Ahafo, Ghana
2023 Sustainability Report
Newmont Corporation
45
Governance
Newmont Corporation
2023 Sustainability Report
To promote traceability in the precious metals 
industry and meet increasing market demand, 
we partnered with the Royal Canadian Mint to 
introduce a 1-ounce, 99.99 percent pure Gold 
Maple Leaf bullion coin sourced entirely from our 
Éléonore mine in Quebec.
In 2023, w