New Hope Group
New Hope Group, a prominent Australian company headquartered in Brisbane, has been a key player in the resources and energy sector since its establishment in 1952. With a diverse portfolio that includes coal mining, agriculture, and renewable energy, New Hope Group operates primarily in Queensland and New South Wales, contributing significantly to the local economy. The company is renowned for its high-quality coal production, particularly through its flagship New Acland Mine, which has achieved notable milestones in sustainability and operational efficiency. New Hope Group's commitment to innovation and environmental stewardship sets it apart in the industry, positioning it as a leader in responsible resource management. With a strong market presence and a focus on future growth, New Hope Group continues to shape the landscape of Australia's energy and resources sector.
DitchCarbon Score
How does New Hope Group's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Salt and Mineral Mining industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
New Hope Group's score of 21 is lower than 56% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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New Hope Group's reported carbon emissions
In 2022, New Hope Group reported total carbon emissions of approximately 753,651,000 kg CO2e for Scope 1 and about 70,082,000 kg CO2e for Scope 2, resulting in a combined total of around 823,733,000 kg CO2e. This reflects a significant increase from 2021, where emissions were approximately 500,309,000 kg CO2e for Scope 1 and about 68,914,000 kg CO2e for Scope 2, leading to a total of around 569,223,000 kg CO2e. The data indicates a trend of increasing emissions over the years, with 2020 emissions at approximately 616,966,000 kg CO2e for Scope 1 and about 85,813,000 kg CO2e for Scope 2. New Hope Group is committed to reducing its carbon footprint in alignment with governmental regulations. The Australian Government's Safeguard Mechanism, effective from 1 July 2023, mandates a reduction of Scope 1 emissions by 4.9% per annum until 2030, establishing a clear near-term target for the company. Additionally, both the New South Wales (NSW) Government and New Hope Group aim for net zero emissions by 2050, encompassing both Scope 1 and Scope 2 emissions. The emissions data is sourced from New Hope Corporation Limited, with no cascaded data from parent or related organizations. The company has not disclosed any Scope 3 emissions data.
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| 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|
| Scope 1 | - | - | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | - | - | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
New Hope Group is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
