Freeport Mcmoran
Freeport-McMoRan Inc., commonly referred to as FCX, is a leading international mining company headquartered in the United States. Established in 1912, Freeport-McMoRan has grown to become a prominent player in the mining industry, with significant operations in North America, South America, and Indonesia. The company primarily focuses on the extraction of copper, gold, and molybdenum, offering unique products that are essential for various industrial applications. With a strong commitment to sustainable mining practices, Freeport-McMoRan has achieved notable milestones, including advancements in environmental stewardship and community engagement. As one of the largest copper producers globally, the company holds a significant market position, contributing to the global supply chain while prioritising responsible resource management.
DitchCarbon Score
How does Freeport Mcmoran'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
Freeport Mcmoran's score of 48 is higher than 74% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Freeport Mcmoran's reported carbon emissions
In 2024, Freeport-McMoRan reported significant carbon emissions, with Scope 1 emissions totalling approximately 5,407,573,000 kg CO2e and Scope 3 emissions at about 6,570,451,000 kg CO2e. The combined total for Scope 1 and 2 emissions was around 7,892,000 kg CO2e. In 2023, the company recorded Scope 1 emissions of about 51,110 kg CO2e, Scope 2 emissions of approximately 19,065 kg CO2e, and Scope 3 emissions of about 6,428,197,000 kg CO2e. Freeport-McMoRan has set ambitious climate commitments, particularly through its subsidiary Atlantic Copper, which aims to reduce its greenhouse gas emissions (Scope 1 and 2) by 50% by 2030, using 2018 as the baseline year. This commitment reflects a proactive approach to addressing climate change within the mining sector. The company has not committed to net-zero emissions nor established long-term targets under the Science Based Targets initiative (SBTi). However, it has made strides in transparency and reporting, disclosing emissions across multiple scopes, including Scope 1 and 3, while lacking comprehensive data for Scope 2 in some years. Overall, Freeport-McMoRan's emissions data and climate commitments illustrate its ongoing efforts to mitigate its environmental impact while navigating the complexities of the mining industry.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 4,793,264,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 00,000 | 00,000 | 0,000,000,000 |
| Scope 2 | 4,201,061,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 00,000 | 0,000,000,000 | - |
| Scope 3 | 618,819,000 | 000,000,000 | 000,000,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
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.
Freeport Mcmoran is not participating in any 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.
