2023 Leadership Reflections - Karyn Ovelmen

Summary

Karen Oan, CFO at Newmont, discusses her company's commitment to sustainable and responsible mining, emphasizing its role beyond gold production to supply essential metals for a low-carbon future. Newmont's 2023 sustainability report, themed 'More than Gold,' highlights the company's industry leadership in cost-effective operations, environmental responsibility, and social good. The company integrates sustainability practices to enhance stakeholder value, prioritizing safety, integrity, and inclusion while capital allocation supports both organizational values and shareholder returns.

Takeaways

• 🌟 Karen Oan is the Chief Financial Officer at Newmont, responsible for all financial aspects of the company.
• 🏆 Newmont has a strong reputation in the sustainability space and is recognized for its actions, not just words, in the mining industry.
• 💡 The theme of Newmont's 2023 sustainability report is 'More than Gold,' emphasizing that the company is more than a gold mining company; it produces essential metals for a low-carbon future.
• 🚀 Newmont is committed to creating sustainable value that extends beyond mining to benefit all stakeholders.
• 💼 The company's values of safety, sustainability, integrity, responsibility, and inclusion guide its operations and capital allocation towards sustainability efforts.
• 💹 Newmont's capital allocation strategy aligns sustainability commitments with shareholder return on investment.
• 📊 Quantifying the financial benefits of sustainability practices involves complex metrics, industry benchmarks, internal data analysis, cost savings, risk mitigation, market access, and reputation.
• 🌐 A strong sustainable performance can open new markets and enhance reputation, which is valuable for shareholders who prioritize sustainability.
• 🛑 Newmont faces challenges such as rising costs, financing, and geopolitical risks, alongside opportunities in demand for critical minerals and technological advancements.
• 🌐 The company is focused on attracting investors and accessing new markets while maintaining a clear and consistent strategy for long-term value creation and contributing to a sustainable future.

Q & A

Who is Karen Oan and what is her role at Newmont?

Karen Oan is the Chief Financial Officer at Newmont, responsible for all financial aspects of the company.

What is Newmont's commitment in the mining industry?

Newmont is committed to its purpose to create value and improve lives through sustainable and responsible mining in everything it does.

What does the theme 'More than Gold' in Newmont's 2023 sustainability report signify?

The theme 'More than Gold' signifies that Newmont is not just an industry-leading gold mining company but also a leading producer of essential metals critical for a low carbon future and a business recognized for creating sustainable value beyond mining for all stakeholders.

How does Newmont demonstrate its commitment to sustainability?

Newmont demonstrates its commitment to sustainability by integrating practices that focus on developing and delivering low-cost operations, environmental responsibility, and social good, aiming to be an industry leader in these areas.

What values underpin the way Newmont operates?

Newmont's operations are underpinned by values of safety, sustainability, integrity, responsibility, and inclusion.

How does Newmont's capital allocation strategy support its sustainability commitments?

Newmont's capital allocation strategy prioritizes sustainability commitments, supporting the company's values and also the return on investment for shareholders.

What metrics does Newmont use to quantify the financial benefits of sustainability practices?

Newmont uses metrics such as industry benchmarks, internal data analysis, cost savings, risk mitigation, market access, and reputation to quantify the financial benefits of sustainability practices.

How does a strong sustainable performance impact Newmont's market access and reputation?

A strong sustainable performance can open doors to new markets and enhance Newmont's reputation, especially for shareholders who value sustainability.

What challenges and opportunities does Newmont face in its pursuit of sustainability?

Newmont faces challenges such as rising costs, financing, and geopolitical risks, as well as opportunities like demand for critical minerals, technological advancements, and focusing on sustainability while attracting investors and accessing new markets.

What is Newmont's approach to creating long-term value and contributing to a sustainable future?

Newmont is focused on creating long-term value by delivering on a clear and consistent strategy that emphasizes sustainability, responsible mining practices, and contributing to a sustainable future.

How does Karen Oan view her first full year at Newmont and the company's approach to sustainability?

Karen Oan, coming up on her first full year at Newmont, views the company's approach to sustainability as integral to its operations and values, and she is interested in the challenge of the new industry and the company's positive reputation in the mining sector for doing the right thing.