Newmont named co-leader of mining and metals sector on DJSI World Index
(Kitco News) - Today, Newmont announced that for the 14th year in a row, the company joins the Dow Jones Sustainability?,,? World Index (DJSI World), representing the top 10% of the largest 2,500 companies in the S&P Global Broad Market Index.
DJSI World membership is based on long-term economic factors, as well as leading environmental, social and governance (ESG) performance evaluated through the 2021 S&P Global Corporate Sustainability Assessment (CSA).
"The ranking is based upon Newmont's performance in calendar year 2021. As of Nov 12, 2021, our company achieved the highest score out of 81 metals and mining companies assessed in the CSA," the company said in a statement.
"At Newmont, our commitment to ESG is woven into the fabric of our company and fundamental to the way in which we operate," added president and CEO Tom Palmer. "We are pleased to continue our DJSI World membership, and to have tied as mining and metals sector leader in the CSA. We recognize that being a leader in ESG requires us to constantly learn and evolve; we are committed to rising to that challenge."
The CSA assesses companies' quality of management and future performance potential by evaluating 25 categories of financially material sustainability information.
The results allow investors to integrate ESG factors into their investment decisions, and identify those companies that are well-positioned to address current and future sustainability-driven challenges and opportunities.
According to the company's statement, Newmont earned top decile performance in 24 of the 25 CSA performance categories.
Newmont is the world's leading gold company and a producer of copper, silver, zinc and lead. Newmont is the only gold producer listed in the S&P 500 Index. Newmont was founded in 1921 and has been publicly traded since 1925.
By Vladimir BasovFor Kitco News
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