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 58 is higher than 81% 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, 500000000 kg CO2e for Scope 2 (market-based), and a staggering 269310000000 kg CO2e for Scope 3 emissions. The previous year, 2023, saw similar figures with Scope 1 emissions at about 2200000000 kg CO2e, Scope 2 at 540000000 kg CO2e (market-based), and Scope 3 at approximately 267610000000 kg CO2e. Fortescue has set ambitious climate commitments, aiming for carbon neutrality across its operations by 2030 for both Scope 1 and Scope 2 emissions. This includes a target to reduce Scope 1 and 2 emissions from existing operations by 26% from 2020 levels by 2030. Additionally, the company is committed to achieving Real Zero emissions across its Australian terrestrial iron ore operations by 2030, which entails eliminating fossil fuels and transitioning to renewable energy sources. For Scope 3 emissions, Fortescue has pledged to achieve net-zero by 2040. The company is also focused on reducing emissions intensity from the shipping of iron ore by 50% from FY21 levels by 2030. These commitments reflect Fortescue's dedication to addressing climate change and aligning with global sustainability goals, as evidenced by their participation in initiatives such as the Science Based Targets initiative (SBTi) and the Amazon Climate Pledge.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 1,460,000,000 | 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 | 210,000,000 | 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 |
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.
