SUSTAINABILITY AT NEW GOLD

READ OUR 2020 SUSTAINABILITY REPORT

OUR SUSTAINABILITY STRATEGY

The New Gold Sustainability Strategy provides insights on the company’s priorities and approach to operating a sustainable business. It is designed to give context to our annual Sustainability and ESG reports and to provide a window into how we view non-financial performance as a key value driver for all New Gold stakeholders. 

DOWNLOAD OUR SUSTAINABILITY STRATEGY REPORT

ANCHORS, FOCUS AREAS AND GOALS

Our Sustainability Strategy is rooted in three Anchor areas: Environment, Community Engagement and Indigenous Rights.

Environment

By their nature, mining operations affect the use and quality of air, water and the land, including wildlife habitats. Mining operations also have an impact on the climate through greenhouse gas (GHG) emissions and energy use.

As members of a responsible mining community, we are committed to reducing our impact on the environment and returning it to conditions that are the same or better than they were when we began operations.

Long-Term Goal

To minimize impact to the environment.

Focus Area Goals
  • Climate Action – Target a 30 percent decrease in its GHG emissions by 2030 through greater electrification and other energy reduction strategies. (UN SDG 7, 13)
  • Water Management – Target 100 percent recycled water in operations by 2030 and strive to be a net neutral water consumer over life of mine by returning clean excess water to the external environment. (UN SDG 6)
  • Tailings Management – Ensure compliance with Mining Association of Canada (MAC) Towards Sustainable Mining (TSM) Protocol and Canadian Dam Association (CDA) requirements. Continuously review and enhance post-closure tailings management strategies building on internal learnings and investment in external research and innovation.
    (UN SDG 6, 12, 13)

Community Engagement

At New Gold, the relationships we have with the communities where we operate have a significant impact on all aspects of our financial and non-financial performance. 

With these impacts in mind, New Gold takes an inclusive and responsive approach to engaging communities that is designed to maximize positive outcomes, strengthen community resilience, and protect the safety and well-being of all people affected by our operations.

Long-Term Goal

To contribute to operating communities that are self-sustaining and free from poverty and inequality.

Focus Area Goals
  • Social Management – Develop a Social Management System to guide and inform engagement, community investment and local economic development activities by 2022. (UN SDG 1, 3, 11)
  • Community Investment – Develop and implement a Community Investment Strategy and metrics that support our Sustainability Strategy and the United Nations’ UN Sustainability Development Goals by late 2021. (UN SDG 1, 4, 8)
  • Local Economic Development – Strengthen institutional capacity and develop alternative industries in local areas; this includes supporting the increase of more Indigenous-owned businesses. (UN SDG 8, 11)

Indigenous Rights 

Honouring the needs, beliefs, culture and traditions of Indigenous peoples is central to New Gold’s approach to sustainability. We make every effort to understand the history and culture of our Indigenous partners, knowing that the ongoing viability of our operations depends on their support.

We strive to operate with the utmost respect on traditional lands, to actively promote the health and well-being of Indigenous peoples, and to create consistently positive outcomes for our Indigenous Communities of Interest.

Long-Term Goal

To generate economic benefits for communities through skills training, business development support and minimizing barriers to contract opportunities in an effort to help support community well-being with long-term value creation.

Focus Area Goals
  • Reconciliation – Respect the rights of Indigenous peoples, incorporating the culture and traditions of Indigenous communities into our company culture. (UN SDG 1, 11, 16)
  • Community Well-Being – Deliver positive social, economic and environmental outcomes for communities and Indigenous peoples based on community-defined aspirations. (UN SDG 1, 3, 4, 11)
  • Economic Benefit – Set a target to increase Indigenous employment and procurement by end of 2021 to improve local Indigenous economic benefits in the areas where we operate. (UN SDG 1, 8, 11)

SUSTAINABILITY STRATEGY TIMELINE

  • Develop a comprehensive Climate Action Strategy
  • Develop a strategic Community Investment Strategy and metrics based on specific community needs at each operation
  • Set targets to increase Indigenous employment and procurement in line with our Local Economic Development and Diverse Supplier strategies
  • Release the first annual Sustainability Report that builds on this new Sustainability Strategy
  • Develop a Social Management System at each operation
  • Implement GHG reduction strategies 
  • Implement strong and transparent corporate water governance, allocating clear responsibilities at all levels of the company
  • Publicly report on water performance, material risks, opportunities, and management approach, similarly to tailings disclosures 
  • Complete social closure plans that identify value we want to create in 2030 
  • Raise recruitment and retention rates for Indigenous employees from 2020 baseline 
  • Raise Indigenous spending and business development from 2020 baseline
  • Review energy-reduction strategies and look for greater opportunities for green energy and electrification 
  • Strive for 100 percent recycled water use at all operating sites 
  • Achieve high external ESG ratings for our peer group, with full compliance to TCFD
  • Establish strategic partnerships to support greater R&D for strategic areas
  • Reduce GHG emissions by 30 percent from 2019 baseline numbers 
  • Strive for 100 percent recycled water use at all operating sites 
  • Be a recognized partner in external research and innovation findings 
  • Improve skill training for Indigenous employees to ensure future employment and advancement
  • Support the development of more Indigenous-owned businesses in local areas
  • Achieve compliance with MAC and CDA for all tailings management plans