Freeport-McMoRan Inc., commonly referred to as Freeport, is a leading player in the chemical and fertilizer minerals sector, with its headquarters located in the United States. Founded in 1912, the company has established a strong presence in mining and quarrying, focusing on a diverse range of products, including copper, gold, and molybdenum, alongside various chemical and fertiliser minerals.
With significant operations in North America, South America, and Indonesia, Freeport-McMoRan has achieved notable milestones, including its role as one of the largest copper producers globally. The company is recognised for its commitment to sustainable mining practices and innovation in mineral extraction, setting it apart in a competitive market. Freeport's extensive portfolio and strategic positioning underscore its reputation as a key contributor to the global mining industry.
+21 vs industry average
Freeport Mcmoran’s score of 40 is higher than 66% 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
Salt and Mineral Mining has above-average carbon intensity
Industry performance
The Salt and Mineral Mining industry has reduced its overall emissions by 42% since 2018
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Freeport Mcmoran's reported carbon emissions
Freeport-McMoRan Inc., a US-based company operating in the chemical and fertilizer minerals, salt, and other mining and quarrying products n.e.c. industry, reported approximately 17.2 billion kg CO2e in total Scope 1, 2, and 3 emissions for 2023. This figure comprises roughly 5.111 billion kg CO2e for Scope 1, approximately 2.625 billion kg CO2e for Scope 2 (market-based), and an estimated 6.428 billion kg CO2e for Scope 3.
For 2024, the company's reported total emissions were approximately 14.027 billion kg CO2e, with Scope 1 emissions at about 5.408 billion kg CO2e, Scope 2 (market-based) at approximately 2.484 billion kg CO2e, and Scope 3 at roughly 6.570 billion kg CO2e.
Freeport-McMoRan has established several climate commitments. Notably, Atlantic Copper has committed to a 50% reduction in its Scope 1 and 2 GHG emissions by 2030, using 2018 as a baseline. Additionally, the company aims to reduce the GHG emissions intensity of its Americas operations by 15% per metric ton of copper cathode by 2030, also from a 2018 baseline. A further commitment involves reducing the GHG emissions intensity at PT-FI by 30% per metric ton of payable copper by 2030, against a 2018 baseline. Moreover, there are absolute reduction targets to decrease GHG emissions at the Atlantic Copper smelter & refinery by 50% and at primary molybdenum sites by 35%, both by 2030 from the 2018 baseline. These targets collectively aim to cover nearly 100% of global Scope 1 and 2 GHG emissions.
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Freeport Mcmoran’s Climate Goals (2030 & 2050)
4 goals2030
50% reduction in Scope 2
Atlantic Copper has committed to reducing its GHG emissions (scope 1 and 2) by 50% by 2030, using 2018 as the base year.
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
5 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives

Science Based Targets Initiative

Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Common questions about Freeport Mcmoran’s sustainability data and climate commitments
Data year: 2024
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