Fortescue

Fortescue's carbon emissions data indicates a significant reduction in Scope 1 and 2 emissions from 2023 to 2024. In 2024, the company reported approximately 2.3 billion kg CO2e for Scope 1 and between about 370 million kg CO2e and 500 million kg CO2e for Scope 2. Scope 3 emissions in 2024 were substantially higher, at approximately 269.3 billion kg CO2e. The total combined emissions for 2024 are not explicitly provided as a single sum, but Scope 1 and 2 combined emissions (location-based) were around 2.72 billion kg CO2e.

In 2023, Fortescue reported Scope 1 emissions of approximately 2.2 billion kg CO2e and Scope 2 emissions ranging from about 350 million kg CO2e to 540 million kg CO2e. Scope 3 emissions for 2023 were approximately 267.6 billion kg CO2e. The combined Scope 1 and 2 emissions for 2023 were approximately 2.55 billion kg CO2e.

Fortescue has set ambitious climate commitments, including achieving "Real Zero" Scope 1 and 2 emissions across its Australian terrestrial iron ore operations by 2030, meaning the elimination of fossil fuels and the use of offsets. The company also aims for Net Zero Scope 3 emissions by 2040. Additionally, Fortescue is working towards reducing emissions intensity in steelmaking by 7.5% by 2030 from FY21 levels and in the shipping of iron ore by 50% by 2030 from FY21 levels. They have a stated goal of reducing Scope 1 and 2 emissions by 26% from 2020 levels by 2030, and a target to reduce net operational emissions by at least 3% annually from their FY20 baseline, aligning with a 1.5°C trajectory. Fortescue also has a long-term goal of achieving net-zero operational greenhouse gas emissions in the second half of the century.