Fortescue
Fortescue Metals Group Ltd, commonly known as Fortescue, is a leading Australian iron ore producer headquartered in Perth, Western Australia. Founded in 2003, the company has rapidly established itself as a key player in the global mining industry, particularly in the Pilbara region, where it operates extensive iron ore mines. Specialising in the extraction and export of iron ore, Fortescue is renowned for its innovative approach to mining and commitment to sustainability. The company has achieved significant milestones, including the development of the world-class Chichester Hub and the introduction of advanced technologies to enhance operational efficiency. With a strong market position, Fortescue is recognised for its high-quality iron ore products and has made notable strides in reducing its carbon footprint, positioning itself as a forward-thinking leader in the mining sector.
DitchCarbon Score
How does Fortescue's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Salt and Mineral Mining industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Fortescue's score of 56 is higher than 97% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Fortescue's reported carbon emissions
In 2024, Fortescue Metals Group Ltd reported total carbon emissions of approximately 2360000000 kg CO2e for Scope 1, 370000000 kg CO2e for Scope 2 (location-based), and a significant 269310000000 kg CO2e for Scope 3 emissions. This reflects a slight increase in Scope 1 emissions from 2200000000 kg CO2e in 2023, while Scope 2 emissions also rose from 350000000 kg CO2e. The Scope 3 emissions have remained relatively stable, with 267610000000 kg CO2e reported in 2023. Fortescue has set ambitious climate commitments, aiming for carbon neutrality by 2030 for its Scope 1 and Scope 2 emissions. This target requires a complete reduction of these emissions to zero across existing and future operations. Additionally, the company has committed to long-term net-zero targets across all scopes by 2050, aligning with industry standards for climate action. The company is also a signatory to the Amazon Climate Pledge, reinforcing its commitment to sustainability and climate responsibility. Fortescue's ongoing efforts reflect a proactive approach to addressing climate change within the mining sector, focusing on significant reductions in greenhouse gas emissions.
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| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 1,920,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | - | - | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | - | - | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Fortescue is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
