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 40 is higher than 93% 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 2023, Freeport-McMoRan reported total carbon emissions of approximately 10,000,000 kg CO2e, comprising 5,139,523,000 kg CO2e from Scope 1, 2,831,755,000 kg CO2e from Scope 2, and 6,428,197,000 kg CO2e from Scope 3 emissions. This reflects a significant commitment to transparency in their emissions reporting across all three scopes. In 2022, the company recorded emissions of about 7,685,286,000 kg CO2e, with Scope 1 emissions at 5,179,522,000 kg CO2e and Scope 2 emissions at 2,757,463,000 kg CO2e. The Scope 3 emissions for that year were approximately 5,892,373,000 kg CO2e, indicating a substantial carbon footprint associated with their supply chain and product lifecycle. Freeport-McMoRan has not set a net-zero target but has committed to near-term emissions reduction initiatives. However, some previous commitments have been removed or expired, indicating a need for clearer long-term strategies. The company operates within the mining sector, which is under increasing scrutiny for its environmental impact, making their climate commitments particularly relevant in the context of global sustainability efforts. Overall, Freeport-McMoRan's emissions data highlights the challenges and responsibilities faced by major mining companies in addressing climate change while navigating the complexities of their operational impacts.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 4,793,264,000 | 0,000,000,000 | 0,000,000,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 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 | 0,000,000,000 | 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 |
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.
