Ferrexpo Sustainability Profile
Ferrexpo PLC, a leading iron ore pellet producer, is headquartered in Switzerland (CH) and operates primarily in Ukraine. Founded in 1960, the company has established itself as a key player in the mining and metals industry, focusing on the extraction and processing of iron ore. Ferrexpo is renowned for its high-quality iron ore pellets, which are essential for steel production, and its commitment to sustainable practices sets it apart in the market. With significant operations in the Poltava region, Ferrexpo has achieved notable milestones, including being listed on the London Stock Exchange. The company consistently ranks among the top iron ore producers globally, reflecting its strong market position and dedication to innovation. Ferrexpo's unique blend of quality products and responsible mining practices underscores its reputation as a trusted supplier in the industry.
DitchCarbon Score
How does Ferrexpo'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
Ferrexpo's score of 41 is higher than 65% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Ferrexpo's reported carbon emissions
In 2023, Ferrexpo reported total carbon emissions of approximately 6,092,000,000 kg CO2e, comprising 247,000,000 kg CO2e from Scope 1, 137,000,000 kg CO2e from Scope 2, and a significant 5,707,438,000 kg CO2e from Scope 3 emissions, primarily from the processing of sold products. The total emissions for 2022 were about 8,206,000,000 kg CO2e, with Scope 1 emissions at 341,000,000 kg CO2e, Scope 2 at 223,000,000 kg CO2e, and Scope 3 at 7,642,237,000 kg CO2e. Ferrexpo's emissions data indicates a focus on transparency, with disclosures across all three scopes. However, there are currently no specific reduction targets or climate pledges outlined in their reports. The company has not cascaded any emissions data from a parent organization, maintaining its own reporting standards. The emissions intensity of Ferrexpo's iron ore pellets was reported at 52.3 kg CO2e per tonne in 2023, reflecting their operational impact. As Ferrexpo continues to navigate its climate commitments, the absence of defined reduction initiatives suggests an opportunity for future strategic planning in emissions management.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 550,591,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 2,079,329,000 | 0,000,000,000 | 0,000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 73,352,000 | 00,000,000 | - | - | 00,000,000,000 | 00,000,000,000 | 0,000,000,000 | 0,000,000,000 |
How Carbon Intensive is Ferrexpo's Industry?
How Carbon Intensive is Ferrexpo's Location?
Ferrexpo's Scope 3 Categories Breakdown
Ferrexpo's Scope 3 emissions, which decreased by 25% last year and increased significantly since 2016, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Processing of Sold Products" representing nearly all of their reported Scope 3 footprint.
Top Scope 3 Categories
Ferrexpo'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.
Ferrexpo 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.
