Fortescue Sustainability Profile
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 69 is higher than 84% 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. This represents a slight increase in Scope 1 emissions from 2023, where they recorded about 2200000000 kg CO2e, and a marginal increase in Scope 3 emissions from approximately 267610000000 kg CO2e. Fortescue has set ambitious climate commitments, aiming for carbon neutrality across its operations by 2030. This includes a target to reduce Scope 1 and Scope 2 emissions to Real Zero, effectively eliminating fossil fuels from its Australian terrestrial iron ore operations. The company plans to achieve a 26% reduction in Scope 1 and 2 emissions from existing operations by 2030, based on 2020 levels. Additionally, Fortescue is committed to reducing emissions intensity from the shipping of its iron ore by 50% from FY21 levels by 2030. The company has also pledged to achieve net-zero Scope 3 emissions by 2040, addressing emissions generated throughout its value chain. These targets align with Fortescue's long-term goal of achieving net-zero operational greenhouse gas emissions by 2050, demonstrating its commitment to sustainable practices in the mining sector.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 1,717,000,000 | 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 |
How Carbon Intensive is Fortescue's Industry?
How Carbon Intensive is Fortescue's Location?
Fortescue's Scope 3 Categories Breakdown
Fortescue's Scope 3 emissions, which increased by 1% last year and increased by approximately 8% since 2021, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Processing of Sold Products" being the largest emissions source at 97% of Scope 3 emissions.
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Fortescue'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.
Fortescue has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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Frequently Asked Questions
Common questions about Fortescue's sustainability data and climate commitments