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 79% 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 were about 2200000000 kg CO2e, while Scope 2 emissions decreased from 540000000 kg CO2e (market-based) in 2023. The company has set ambitious targets to achieve carbon neutrality across its operations by 2030, specifically aiming for Real Zero emissions for Scope 1 and 2 across its Australian terrestrial iron ore operations. Fortescue's reduction initiatives include a commitment to reduce Scope 1 and 2 emissions by 26% from 2020 levels by 2030. Additionally, they aim to eliminate approximately 90% of terrestrial Scope 1 and 2 emissions by 2030, focusing on transitioning to renewable energy sources and replacing existing equipment with battery electric and green hydrogen models. The company has also pledged to achieve net-zero Scope 3 emissions by 2040. Fortescue's climate commitments are supported by their participation in the Science Based Targets initiative (SBTi), where they have committed to long-term net-zero targets across all scopes by 2050. The company is dedicated to achieving these goals without relying on voluntary carbon offsets from FY24 onwards for Scope 1 and 2 emissions.
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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 |
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.
