Ferrexpo Sustainability Profile
Ferrexpo PLC, a leading iron ore pellet producer, is headquartered in Switzerland (CH) and operates primarily in Ukraine. Founded in 1960, the company has established itself as a key player in the mining and metals industry, focusing on the extraction and processing of iron ore. Ferrexpo is renowned for its high-quality iron ore pellets, which are essential for steel production, and its commitment to sustainable practices sets it apart in the market. With significant operations in the Poltava region, Ferrexpo has achieved notable milestones, including being listed on the London Stock Exchange. The company consistently ranks among the top iron ore producers globally, reflecting its strong market position and dedication to innovation. Ferrexpo's unique blend of quality products and responsible mining practices underscores its reputation as a trusted supplier in the industry.
DitchCarbon Score
How does Ferrexpo'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
Ferrexpo's score of 41 is higher than 67% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Ferrexpo's reported carbon emissions
In 2023, Ferrexpo reported total carbon emissions of approximately 6,092,000,000 kg CO2e, with Scope 1 emissions at about 247,000,000 kg CO2e, Scope 2 emissions at approximately 137,000,000 kg CO2e, and significant Scope 3 emissions of around 5,707,438,000 kg CO2e, primarily from the processing of sold products. The combined Scope 1 and 2 emissions totalled about 384,000,000 kg CO2e. For 2022, total emissions were approximately 8,206,000,000 kg CO2e, with Scope 1 at about 341,000,000 kg CO2e, Scope 2 at approximately 223,000,000 kg CO2e, and Scope 3 emissions reaching around 7,642,237,000 kg CO2e. The combined Scope 1 and 2 emissions for that year were about 564,000,000 kg CO2e. In 2021, Ferrexpo's total emissions were reported at approximately 15,415,000,000 kg CO2e, with Scope 1 emissions of about 649,000,000 kg CO2e and Scope 2 emissions at approximately 404,000,000 kg CO2e. Scope 3 emissions were significant, totalling around 22,004,229,000 kg CO2e. Despite these substantial emissions figures, Ferrexpo has not disclosed specific reduction targets or initiatives as part of their climate commitments. The company does not appear to have cascaded data from any parent organisation, and their climate strategy lacks defined SBTi (Science Based Targets initiative) reduction targets. Ferrexpo's headquarters is located in Switzerland (CH), and they continue to engage in industry-standard climate practices while working towards improving their emissions profile.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 550,591,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 2,079,329,000 | 0,000,000,000 | 0,000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 73,352,000 | 00,000,000 | - | - | 00,000,000,000 | 00,000,000,000 | 0,000,000,000 | 0,000,000,000 |
How Carbon Intensive is Ferrexpo's Industry?
How Carbon Intensive is Ferrexpo's Location?
Ferrexpo's Scope 3 Categories Breakdown
Ferrexpo's Scope 3 emissions, which decreased by 25% last year and increased significantly since 2016, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Processing of Sold Products" representing nearly all of their reported Scope 3 footprint.
Top Scope 3 Categories
Ferrexpo's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Ferrexpo has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
