Newmont recognizes the world view that sustained reductions in greenhouse gas (GHG) emissions are necessary to stabilize atmospheric carbon dioxide (CO2) levels to protect the global climate system. Gold mining is an energy intensive industry and we acknowledge that we have a role to play in transitioning to a lower carbon economy while preparing for the effects of predicted climate change.

Newmont's carbon management policy is a key component of our Environmental and Social Responsibility strategy to manage risk and capture opportunities, which encompasses transparent reporting of emissions, improving energy efficiency, switching to low-emission energy generation, offsetting emissions and collaborating with third parties and stakeholders to provide adaptive management support to communities that surround our mines.

We believe that amid present policy uncertainty and future carbon constraints, the continuing development and implementation of a comprehensive carbon management strategy is not only crucial to Newmont's competitive position, but is also an essential component of our commitment to be a leader in the mining industry. Accordingly, our carbon management policy builds on our corporate commitment to engage in sustainable practices.

Therefore, as an industry leader in sustainability and a partner with our stakeholders, Newmont commits to managing climate change risks by means of:

• transparent GHG emissions reporting, with third-party verification;
• adaptation planning for predicted future physical impacts to our business and to the communities in which Newmont operates;
• planned emissions reductions through, in part, energy-efficiency measures and the use of renewable energy;
• designed natural carbon sinks to offset our emissions; and
• innovative processes to treat our emissions.

Specifically, Newmont will:

1. Reliably measure, report, and verify our global GHG emissions. We will publicly report our global GHG emissions to the Carbon Disclosure Project and The Climate Registry, as a Founding Reporter, and comply with all related verification requirements.
2. Develop and implement a GHG emissions reduction plan. We will develop and implement a plan that includes determining emissions reduction targets, adopting energy efficiency best applicable practices, and implementing projects that conserve energy, reduce operating costs and reduce GHG emissions. We will develop this plan in collaboration with key public and private entities, including leaders in energy conservation.
3. Integrate carbon considerations into our capital decision making. We will adapt our business planning tools to incorporate future carbon-related financial liabilities, low-carbon design and practices, and carbon emissions considerations embedded in our supply chain to operate in a carbon regulated world.
4. Remain flexible to various policy approaches designed to stabilize atmospheric CO2 concentrations. We do not ascribe to any singular policy approach, either at the global or national level, but we believe that a well-designed and equitable approach is essential for achieving success. We support passage of legislation which accords with the November 2009 International Council on Mining and Metals' Policy on Climate Change.
5. Strive to incorporate energy efficiency, renewable and low-emission energy sources into our present and future operations. We can reduce our future, anticipated carbon costs through investment in projects that directly reduce our energy consumption and GHG emissions, or generate renewable energy credits. Further, we will maximize energy efficiency and renewable and low-emission energy sources because they have the potential added benefits of enhancing local sustainable development.
6. Foster innovation, creativity, knowledge sharing, partnerships, and intelligent risk-taking to reduce our GHG emissions. We will pursue innovation through our Discovery & Development, Solutions, & Innovations team and partnerships with select businesses to reduce our GHG emissions while ensuring our business is sustainable, profitable and responsible.
7. Aspire to invest in carbon offset projects that deliver multiple benefits in the form of carbon sequestration, community benefits, and biodiversity conservation to offset our emissions. In our assessment of competing carbon offset projects, we will give preference to projects in locations where Newmont operates to support local communities, including their capacity for adaptation to climate change, and protecting ecosystems and biodiversity.
8. Adaptation. We will assess potential future physical impacts of climate change to our business and will work in collaboration with the communities surrounding our mines to evaluate the risks of climate change to them and to integrate plans into sustainability programs which assist in mitigating those climate change risks, with an emphasis on water security.

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