Sustainability Environment 2023 Environmental Performance Figure3

In 2023, NOVAGOLD adopted formal corporate Climate Change Policies and Biodiversity Policies. Beyond the aspirational goal of achieving Net Zero by 2050, the policy details our approach to addressing climate change across our current and future operations, including the Donlin Gold project. In 2023, NOVAGOLD commenced the implementation of the Climate Change Policy, and released our inaugural Climate Change Report, aligning with the recommendations of the TCFD.

NOVAGOLD adheres to the following definitions:

  • Scope 1 (direct): Direct emissions from owned or controlled sources. NOVAGOLD’s principal source of Scope 1 emissions is fuel supply at Donlin Gold.
  • Scope 2 (indirect): Indirect emissions from the generation of purchased energy.
  • Scope 3 (indirect): Indirect emissions from upstream and downstream activities.

NOVAGOLD currently includes all Donlin Gold emissions within its boundaries. In line with current TCFD requirements, the Company calculates and discloses Scope 1 and 2 emissions. Scope 3 emissions are not yet required; nor are they measured. As the Company transitions to a new platform for measuring emissions, this may evolve for future disclosures. Explanations for each category of Scope 3 emissions are reported to CDP.

Due to the remote location of Donlin Gold, on-site diesel-fired power generation and heaters are essential to support current project site activities. In 2023, Donlin Gold’s Scope 1 greenhouse gas (GHG) emissions were approximately 1,235 metric tonnes of CO2 equivalent (CO2-eq), marking a decrease from 2,633 metric tonnes of CO2-eq recorded in 2022. This decrease is primarily attributed to a significantly larger drill program completed during the 2022 field season and reduced site activity in 2023. This relatively low site activity, including power generation, also resulted in virtually no emissions of other air pollutants such as sulfur oxides, nitrogen oxides, mercury, and total particulate matter with a diameter of less than 10 micrograms per cubic meter.

No Scope 2 emissions were documented for Donlin Gold as the site remains remote and unconnected to the electrical grid. Anticipated annual fluctuations in emissions are attributed to varying levels of fieldwork and camp activities, determined by priorities set each year by the Donlin Gold LLC board. With a further reduction of field activity expected in 2024, GHG emissions are anticipated to remain relatively low and similar to the levels recorded in 2023, rather than the higher levels observed in 2022 when there was significantly increased site activity.

In contrast, the NOVAGOLD offices in Salt Lake City and Vancouver draw all their electricity from the grid, resulting in Scope 2 emissions. Combined Scope 2 emissions from these offices in 2023 totaled approximately 220 metric tonnes of CO2 eq, a significant increase from the 34 metric tonnes of CO2 eq recorded in 2022. This rise can be attributed to heightened in-office activity throughout 2023.

As the Donlin Gold project advances through its life cycles, NOVAGOLD aims to incorporate considerations regarding carbon footprint and energy usage into the development and construction phases. This involves implementing energy-efficient systems, technologies, and processes, as well as sourcing energy from low-carbon and renewable sources. Recognizing that our energy consumption significantly impacts our ability to contribute to global climate change goals, NOVAGOLD prioritizes maximizing energy efficiency to minimize consumption.

2021-2023 GHG EMISSIONS (Scope 1)
 202120222023
Metric tonnes of CO2-eq (GHG) emissions1,1002,6331,235
Sustainability Environment 2023 Environmental Performance Figure2
Sustainability Environment 2023 Environmental Performance Figure1