Strategy

New Gold’s refreshed sustainability strategy is built around three pillars, guiding the management of our environmental, social and governance performance. Each pillar is comprised of focus areas that represent New Gold’s most material topics. Some focus areas have public-facing goals, while other have internal goals that will be used to steer our sustainability performance as best practices continue to evolve.

Click the icon below to learn more about New Gold’s Sustainability Strategy pillars.

Shaping Our
Future

Driving environmental stewardship through shared values

Environmental

We recognize the value of strong water management, both to our business and the communities in which we operate. We take our water stewardship role seriously by prioritizing water management and using shared values to drive business decisions. Through good water management, New Gold has the potential to improve operational efficiency and ensures better water quality and access in the communities where we operate.

2025 Goal: New Gold has developed a Water Stewardship Framework aligned with relevant external standards.

Effective and safe tailings management is critical to our success and a strategic priority at New Gold. We understand the risks associated with the management of tailings storage facilities (TSFs) and the potential impacts to human health, the environment, and the local community. We implement strong tailings management practices and governance across all operations, taking a risk-informed approach to tailings management.

2030 Goal: Sites will maintain the equivalent of MAC TSM “AAA” or the highest rating for a relevant external Tailings Management Standard.

We know the importance of adapting operations to mitigate climate change impacts within our organization and in the communities in which we operate. We are committed to reducing our greenhouse gas (GHG) emissions and implementing energy efficient initiatives to support climate action.

2030 Goal: Scope 1 and 2 emissions are reduced by 30% from 2020 baseline.

Biodiversity plays an important role in New Gold’s management of environmental impacts. To ensure processes are effective, we take a collaborative and proactive approach to risk management, promoting, implementing, and planning informed biodiversity initiatives throughout the mining life cycle.

Our integrative and collaborative approach to managing air quality on site involves different departments and subject matter experts. We understand that air quality affects our operations and employees, but also the communities nearest to where we operate, which is why our response is rooted in our commitment to responsible practices and transparent communications.

Responsible mine closure is a critical aspect of the mining life cycle. We believe that sustainable closure planning should be proactive, extending beyond environmental compliance to address the broader socioeconomic impacts to local communities. This approach ensures that closure activities are carried out in a way that supports long-term community well-being and environmental sustainability.

Supporting trust-based relationships and resilient communities

Social

Fostering strong, trust-based relationships with host communities by engaging authentically and listening to people’s lived experiences is important to us. This foundation is essential for supporting meaningful community engagement and driving development that delivers lasting benefits for communities both today and in the future.

New Gold focuses on maintaining a responsible and transparent supply chain by ensuring ethical sourcing and environmental stewardship at every stage of production. We prioritize collaboration with suppliers who share their commitment to sustainability, human rights, and safety standards.

New Gold is committed to supporting sustainable community development in the areas where we operate through our formalized Community Investment Program. We believe that communities should see benefits from our operations both now and in the future. Our goal is to foster resilient community development by prioritizing initiatives that are led by community and address the community identified needs.

New Gold is committed to upholding the principles of Free, Prior, and Informed Consent (FPIC) and fostering respectful, collaborative relationships with Indigenous communities and partners. The company respects the wisdom of traditional knowledge and seeks to engages in meaningful ways that create opportunities for social and economic benefits.

New Gold values the contributions of everyone we employ, seeing our differences as strengths, not weaknesses. We prioritize activities that support the recruitment and retention of women in mining and actively support Indigenous employment in the communities where we operate. We monitor and track statistics to ensure visibility of the diversity within our leadership teams across the organization.

At New Gold, we cultivate a Courage to Care culture that empowers employees, contractors, and visitors to prioritize the health and safety of themselves and those around them. Through strong and visible leadership, we set clear expectations for the following behaviors from everyone on site. We never compromise on safety, we look out for one another, and we stop work if it’s not safe. This culture encourages accountability and ensures that safety is always the top priority.

Transparent, progressive and ethical governance for responsible stewardship

Governance

New Gold is dedicated to creating and implementing robust governance frameworks that support strong social and environmental performance and a consistent approach to sustainability. The company focuses on reducing environmental impacts, building trust-based relations with communities, and leading with responsible governance.

2030 Goal: New Gold has established, implemented and validated site-level EMS and SMS reflecting Corporate-level frameworks.

New Gold is committed to applying external management frameworks in our pursuit of continuous improvement and adherence to industry best practices. We believe in implementing value-add frameworks that guide and improve our sustainability-related performance.

New Gold believes in proactive risk identification and management and the importance of managing external and internal risks as they evolve. Monitoring and managing sustainability-related risks is key to ensuring good business practices and operational continuity

New Gold is committed to maintaining effective incident management and grievance mechanism to ensure communities can express concerns and provide feedback on our projects and operations. We are committed to the transparent reporting of incidents and effective investigation of root causes to prevent similar incidents from taking place in the future.

We believe in transparent reporting that provides an accurate representation of our sustainability performance, including challenges and successes. As the reporting expectations continue to evolve, we want to be positioned to deliver quality data that help investors see the value that New Gold brings to our society.