Newcrest has released its first climate report under AASB S2, detailing its climate risk and opportunity assessment and setting a target for Total Recordable Injury Frequency Rate (TRIFR) below 1. The report also outlines the company’s economic contributions and safety performance for the financial year 2026.
Material actions and disclosures
Newcrest completed a climate risk and opportunity assessment, including climate scenario analysis. The company’s TRIFR for FY26 was 0.91, down from 0.60 in FY25, with a target to maintain this below 1. Economic value distributed to the community was $1.19 billion, up from $813 million in FY25. Local procurement was $714 million, an increase from $545 million in FY25. Government payments and payables were $219 million, down from $384 million in FY25. Workforce nationalisation was 94%, down from 96% in FY25.
Newcrest also reported zero lost time injuries for FY26, a significant safety milestone. The company’s ore reserves increased by 40% and mineral resources by 37% in FY26.