Freeport Mcmoran Sustainability Profile
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 53 is higher than 75% 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, totalling approximately 5,408,000,000 kg CO2e for Scope 1 emissions, 2,484,000,000 kg CO2e for Scope 2 (market-based), and 6,570,451,000 kg CO2e for Scope 3 emissions. The combined total for Scope 1 and 2 emissions reached about 7,892,000 kg CO2e. Notably, the company has set ambitious targets to reduce its greenhouse gas emissions by 50% for both Scope 1 and Scope 2 by 2030, using 2018 as the baseline year. In 2023, Freeport-McMoRan's emissions included 51,110 kg CO2e for Scope 1 and 19,065 kg CO2e for Scope 2, with Scope 3 emissions amounting to approximately 6,428,197,000 kg CO2e. The company has disclosed emissions data across all three scopes, demonstrating a commitment to transparency in its climate impact. Freeport-McMoRan's climate commitments are underscored by its focus on reducing emissions through operational improvements and efficiency measures. However, it is important to note that the company has not committed to a net-zero target as of the latest reports. The data reflects a corporate responsibility to address climate change within the mining sector, particularly in the context of its operations in the United States and globally.
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| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 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's Industry?
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Freeport Mcmoran's Scope 3 Categories Breakdown
Freeport Mcmoran'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.
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Freeport Mcmoran'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 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.
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Frequently Asked Questions
Common questions about Freeport Mcmoran's sustainability data and climate commitments