Novagold Resources
Novagold Resources Inc., a prominent player in the mining industry, is headquartered in the United States, with significant operations in Alaska and British Columbia. Founded in 1984, the company has established itself as a leader in gold exploration and development, focusing primarily on its flagship Donlin Gold project, which is one of the largest undeveloped gold deposits in the world. Novagold is dedicated to sustainable mining practices, emphasising environmental stewardship and community engagement. The company’s unique approach combines advanced exploration techniques with a commitment to responsible resource management, setting it apart in the competitive mining sector. With a strong market position and notable achievements, including strategic partnerships and significant resource discoveries, Novagold continues to drive innovation and growth in the gold mining landscape.
DitchCarbon Score
How does Novagold Resources'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
Novagold Resources's score of 27 is higher than 55% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Novagold Resources's reported carbon emissions
In 2023, Novagold Resources reported total carbon emissions of approximately 1,235,000 kg CO2e from Scope 1 and 220,000 kg CO2e from Scope 2, totalling about 1,455,000 kg CO2e. This marks a significant reduction from 2022, where emissions were approximately 2,633,000 kg CO2e for Scope 1 and 34,000 kg CO2e for Scope 2, resulting in a total of about 2,667,000 kg CO2e. The company has shown a commitment to reducing its carbon footprint, although no specific reduction targets or initiatives have been disclosed. In 2021, Novagold's emissions were approximately 1,100,000 kg CO2e from Scope 1, indicating a trend of fluctuating emissions over the years. Notably, there is no reported data for Scope 3 emissions, which often represent a significant portion of a company's overall carbon footprint. Novagold Resources has not established any Science-Based Targets Initiative (SBTi) reduction targets or other formal climate pledges, indicating a potential area for future commitment. The emissions data is sourced directly from NovaGold Resources Inc. and is not cascaded from any parent or related organization.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 1,100,000 | 0,000,000 | 0,000,000 |
| Scope 2 | - | 00,000 | 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.
Novagold Resources 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.
