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Fortescue Metals Group Ltd, commonly known as Fortescue, is a leading player in the chemical and fertilizer minerals sector, headquartered in Australia. Established in 2003, the company has rapidly evolved, focusing on mining and quarrying products, including salt and other minerals. With significant operations in Western Australia, Fortescue has carved a niche in the industry through its commitment to sustainable practices and innovative extraction techniques.
The company’s core offerings include iron ore and various mineral products, distinguished by their high quality and competitive pricing. Fortescue's strategic initiatives have positioned it as a key competitor in the global market, achieving notable milestones such as becoming one of the largest iron ore producers in the world. With a strong emphasis on environmental stewardship and community engagement, Fortescue continues to set benchmarks in the mining industry.
73
DitchCarbon score
+55 vs industry average
Fortescue’s score of 73 is higher than 90% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
High
Salt and Mineral Mining has above-average carbon intensity
Industry performance
0.437
20182025
The Salt and Mineral Mining industry has reduced its overall emissions by 42% since 2018
Emissions trajectory 2020 – 2028
202020212022202320242025202620272028
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Fortescue's reported carbon emissions
Fortescue, headquartered in Australia and operating in the Chemical and fertilizer minerals, salt and other mining and quarrying products n.e.c. industry, has reported its carbon emissions and set ambitious climate targets.
In 2024, Fortescue's Scope 1 emissions were approximately 2.36 billion kg CO2e, and its Scope 2 emissions (market-based) were 500 million kg CO2e. The company also reported substantial Scope 3 emissions, totalling about 269.31 billion kg CO2e. Key categories within Scope 3 included processing of sold products (approximately 262.16 billion kg CO2e), purchased goods and services (approximately 2.82 billion kg CO2e), and upstream transportation and distribution (approximately 2.99 billion kg CO2e).
Looking back, in 2023, Fortescue's Scope 1 emissions were 2.2 billion kg CO2e, and Scope 2 emissions (market-based) were 540 million kg CO2e. Scope 3 emissions in 2023 were around 267.61 billion kg CO2e, with processing of sold products accounting for approximately 261.46 billion kg CO2e. In 2022, the company reported Scope 1 emissions of 2.21 billion kg CO2e and Scope 2 emissions (market-based) of 430 million kg CO2e. For 2021, Scope 1 emissions were 2.4 billion kg CO2e and Scope 2 emissions were 160 million kg CO2e, with total Scope 3 emissions at approximately 248.34 billion kg CO2e.
Fortescue has committed to achieving "Real Zero" Scope 1 and 2 emissions across its Australian terrestrial iron ore operations by 2030, which implies eliminating fossil fuels and not using offsets. This target aims to eliminate approximately 90% of terrestrial Scope 1 and 2 emissions from its Australian iron ore operations by 2030, with ongoing efforts to address the remaining 10%. Additionally, the company is committed to achieving Net Zero Scope 3 emissions by 2040. For its Scope 3 emissions, Fortescue aims to enable a 50% reduction in emissions intensity from the shipping of its iron ore by 2030 from FY21 levels and a 7.5% reduction in emissions intensity from steelmaking by its customers by 2030 from FY21 levels.
Fortescue is also a signatory to The Climate Pledge. Its Science Based Targets initiative (SBTi) commitments reflect a net-zero classification with a long-term target of 2050.
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Fortescue’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
On track94%
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
At risk48%
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Behind target22%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
11 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
See details
Not active
Carbon Disclosure Project
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Active
The Climate Pledge
Signed 2021See details
Active
UN Global Compact Climate Champions initiative
See details
Not active
RE 100
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Not active
Climate Action 100
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Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Fortescue3 months ago
73
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Frequently asked questions
Common questions about Fortescue’s sustainability data and climate commitments
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