New Gold Releases 2024 Sustainability Report, Highlights Emission Reductions, Record Safety

New Gold Inc. (NYSE:NGD) is one of the cheap penny stocks to buy now. On June 4, New Gold announced the publication of its 2024 Sustainability Report. This marks a decade of the company annually reporting on sustainability topics considered critical to its communities, stakeholders, and business.

The 2024 Sustainability Report was prepared by the Global Reporting Initiative/GRI Standards, which include the newly released GRI 14 Mining Sector supplement, the Sustainability Accounting Standards Board/SASB Metals & Mining Standards, and the Mining Local Procurement Reporting Mechanism/LPRM.

New Gold Releases 2024 Sustainability Report, Highlights Emission Reductions, Record Safety

Aerial view of an open mine with large cranes and excavators working on the surface.

Some of the highlights from the report include a 7.8% reduction in Scope 1 and Scope 2 greenhouse gas emissions from 2023, which contributes to an overall 15% reduction from New Gold’s 2020 baseline. The company also achieved its lowest consolidated total recordable injury frequency rate/TRIFR in its history, decreasing from 0.80 in 2023 to 0.72 in 2024, which was a 42% decrease since 2021 and showed its safety-first culture.

New Gold Inc. (NYSE:NGD) is an intermediate gold mining company that develops and operates mineral properties in Canada.

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Disclosure: None. This article is originally published at Insider Monkey.