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updated 2 months ago

Freeport-Mcmoran Exploration Corporation Sustainability Profile

Company website

Freeport-McMoRan Exploration Corporation, commonly referred to as Freeport-McMoRan, is a leading player in the mining industry, headquartered in the United States. Established in 1912, the company has grown to become a significant force in the exploration and production of copper, gold, and molybdenum, with major operations in North America, South America, and Indonesia. Freeport-McMoRan is renowned for its high-quality mineral resources, particularly its flagship Grasberg mine in Indonesia, one of the largest gold and copper mines in the world. The company has achieved notable milestones, including advancements in sustainable mining practices and a commitment to responsible resource management. With a strong market position, Freeport-McMoRan continues to innovate and lead in the extraction of essential minerals, contributing to global economic development while prioritising environmental stewardship.

DitchCarbon Score

How does Freeport-Mcmoran Exploration Corporation'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.

31

Industry Average

Mean score of companies in the 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.

0

Industry Benchmark

Freeport-Mcmoran Exploration Corporation's score of 31 is lower than 100% of the industry. This can give you a sense of how well the company is doing compared to its peers.

0%

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Freeport-Mcmoran Exploration Corporation's reported carbon emissions

Inherited from Freeport-McMoRan Inc.

Freeport-McMoRan Exploration Corporation currently does not have specific carbon emissions data available for the most recent year, as indicated by the absence of emissions figures. The company is a current subsidiary of Freeport-McMoRan Inc., which may influence its climate commitments and reporting. As of now, Freeport-McMoRan Exploration Corporation has not established any documented reduction targets or climate pledges. This lack of specific initiatives suggests that the company may be in the early stages of developing its climate strategy or may rely on the broader commitments of its parent company. The emissions data and climate initiatives are inherited from Freeport-McMoRan Inc., which operates under various industry standards and frameworks, including the Science Based Targets initiative (SBTi) and the Carbon Disclosure Project (CDP). However, no specific targets or achievements have been reported at this time. In summary, Freeport-McMoRan Exploration Corporation is currently without specific emissions data or reduction targets, relying on its parent company's broader climate commitments.

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Access structured emissions data, company-specific emission factors, and source documents

2015201620172018201920202021202220232024
Scope 1
2,040,012,000
0,000,000,000
0,000,000,000
0,000,000,000
0,000,000,000
0,000,000,000
0,000,000,000
00,000
00,000
0,000,000,000
Scope 2
4,007,548,000
0,000,000,000
0,000,000,000
0,000,000,000
0,000,000,000
0,000,000,000
0,000,000,000
00,000
0,000,000,000
0,000,000,000
Scope 3
561,821,000
000,000,000
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

How Carbon Intensive is Freeport-Mcmoran Exploration Corporation's Industry?

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Freeport-Mcmoran Exploration Corporation's primary industry is , which is very low in terms of carbon intensity compared to other industries.

How Carbon Intensive is Freeport-Mcmoran Exploration Corporation's Location?

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Freeport-Mcmoran Exploration Corporation is in US, which has a low grid carbon intensity relative to other regions.

Freeport-Mcmoran Exploration Corporation's Scope 3 Categories Breakdown

Freeport-Mcmoran Exploration Corporation's Scope 3 emissions, which increased by 2% last year and increased significantly since 2015, demonstrating supply chain emissions tracking. A significant portion of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 45% of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 49% of Scope 3 emissions.

Top Scope 3 Categories

2024
Purchased Goods and Services
49%
Fuel and Energy Related Activities
25%
Processing of Sold Products
19%
Upstream Transportation & Distribution
7%
Downstream Transportation & Distribution
<1%

Freeport-Mcmoran Exploration Corporation's Climate Goals (2030 & 2050)

Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.

Freeport-Mcmoran Exploration Corporation has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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