Fortescue

Fortescue's reported carbon emissions

Fortescue's most recent reported emissions data is for the year 2025, with Scope 1 emissions totalling approximately 34,061,460 kg CO2e and Scope 2 emissions at approximately 96,484,040 kg CO2e. In 2024, the company reported Scope 1 emissions of approximately 2,360,000,000 kg CO2e, Scope 2 emissions of approximately 500,000,000 kg CO2e (market-based), and substantial Scope 3 emissions of approximately 269,310,000,000 kg CO2e. For 2023, Fortescue's Scope 1 emissions were approximately 2,200,000,000 kg CO2e, with Scope 2 emissions at approximately 540,000,000 kg CO2e (market-based), and Scope 3 emissions reported at approximately 267,610,000,000 kg CO2e. In 2022, Scope 1 emissions were approximately 2,210,000,000 kg CO2e and Scope 2 emissions were approximately 430,000,000 kg CO2e (market-based). Fortescue has set ambitious climate commitments. These include achieving carbon neutrality across its operations by 2030 for Scope 1 and 2 emissions. Furthermore, the company aims for "Real Zero" Scope 1 and 2 emissions across its Australian terrestrial iron ore operations by 2030, which signifies the elimination of fossil fuels. Fortescue also has a target to reduce Scope 1 and 2 emissions from existing operations by 26% from 2020 levels by 2030. Looking further ahead, Fortescue aims to achieve Net Zero Scope 3 emissions by 2040. The company also intends to reduce emissions intensity from the shipping of its iron ore by 50% from FY21 levels by 2030. Additionally, Fortescue has a long-term goal to achieve net-zero operational greenhouse gas emissions in the second half of the century. Fortescue has also committed to reducing net operational emissions by at least 3% annually from its FY20 baseline, aligning with a 1.5°C trajectory.