Direct Lobbying Transparency
| Overall Assessment | Comment | Score |
|---|---|---|
| Comprehensive | Newmont Corp provides extensive, policy-by-policy detail on its climate-related advocacy. It identifies a wide range of specific measures it has engaged on, including the Australian Safeguard Mechanism reforms, the Renewable Energy Target Scheme’s exemption criteria for emissions-intensive trade-exposed industries, Ontario’s Emissions Performance System and its alignment with the federal Output Based Pricing System, the Yukon Government consultations on intensity-based GHG targets for mining, multiple iterations of Australia’s National Greenhouse and Energy Reporting Act, the Western Australia EPA “emissions offsets trigger,” the HIR Carbon Farming methodology, and the U.S. SEC’s proposed climate-risk disclosure rule (Release Nos. 33-11061; 34-94867; File No. S7-10-22). For each of these, the company spells out how it interacts with policymakers. Examples include the “submission of a public letter to SEC” and follow-up “engagement by our EVP, Sustainability and External Relations with SEC Commissioner Lee,” “direct interaction with the Department of Environment and Energy,” “ongoing engagement with the Australian Government,” “a direct meeting with regulators accountable for the development of the strategy,” and providing input “both directly and through industry associations” to the Yukon Government. The disclosure also records indirect channels such as work “with Trade Associations to develop a whole of sector position” and contributions through the Chamber of Minerals and Energy. Newmont is equally explicit about the concrete results it seeks. It reports that “We’ve been advocating that the EPS be equivalent in form and cost as the OBPS,” that Boddington should “qualif[y] at least partially as an EITE business,” and that the Safeguard Mechanism should be backed by “a ‘ceiling price’ mechanism” and “a deep and liquid offsets market.” The company supports amendments to HIR Carbon Farming rules to allow “multiple land-use” and exclude mining leases, urges the Yukon to address infrastructure constraints “to avoid carbon leakage,” calls for baseline calculations that use “industry appropriate methods,” and recommends the SEC treat new climate disclosures as “furnished” rather than “filed.” These detailed positions, coupled with the reasoning provided, make clear the outcomes it is pursuing. Taken together, Newmont’s disclosures offer a comprehensive picture of the policies it lobbies, the channels and targets it uses, and the specific legislative or regulatory changes it hopes to achieve, demonstrating a high level of transparency around its climate-policy advocacy. | 4 |