Fortescue Ltd

Common Name
Fortescue
Country
Australia
Sector
Basic Materials
Industry
Other Industrial Metals & Mining
Employees
15,642
Ticker
FMG
Exchange
ASX
Description
Fortescue Metals Group Ltd is a leading global producer of iron ore, primarily engaged in exploration, development, production, processing, and sale of iron ore. Headquartered in Perth, Western Austra...

Fortescue's GHG Emissions Data Preview

In 2024, Fortescue completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).

Fortescue has also provided a category-level breakdown for 12 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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a
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a
0000000
Total Scope 2
Market-Based
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a
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a
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a
0000000
Location-Based
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a
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a
0000000
Unspecified Calculation Method
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0000000
Total Scope 3
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a
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b
0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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a
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a
0000000
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Verified Sources Behind Fortescue’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Fortescue’s data sources below and access millions more through our Disclosure Search.

a. Fortescue's Annual Report 2024
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b. Fortescue's Climate Change Statement 2023
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Insights into Fortescue's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of Fortescue amounted to 2,730,000 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2). a

Compared to 2023, the total operational greenhouse gas (GHG) emissions of Fortescue increased by 7.06%, suggesting that the company faced challenges in reducing its emissions from its core operations. a

Fortescue's Scope 1 Emissions Over Time

202020212022202320240600 k1.2 M1.8 M2.4 MtCO2e+6%-8%0%+7%
  • Total Scope 1
  • Year-over-Year Change

What are Fortescue's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Fortescue were 2,360,000 metric tons of CO₂ equivalent (tCO₂e). a

Has Fortescue reduced its Scope 1 emissions over time?

Since 2020, Fortescue's Scope 1 emissions have increased by 3.96%, reflecting a rising long-term trend in Scope 1 emissions over time. a b

Compared to the previous year (2023), Fortescue's Scope 1 emissions increased by 7.27%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a

What are Fortescue's Scope 2 emissions?

In 2024, Fortescue reported Scope 2 greenhouse gas (GHG) emissions of 500,000 tCO₂e using the market-based method and 370,000 tCO₂e using the location-based method. a

Has Fortescue reduced its Scope 2 emissions over time?

Compared to the previous year (2023), Fortescue's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Fortescue 's emissions have plateaued with no significant change in its energy consumption footprint. a

What methodology does Fortescue use for Scope 2 reporting?

In 2024, Fortescue reported its Scope 2 emissions using the market-based method and using the location-based method. a

Fortescue's Scope 2 Emissions Over Time

202020212022202320240150 k300 k450 k600 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Fortescue's Value Chain Emissions

In 2024, Fortescue reported 269,310,000 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a

The 2024 disclosure of Fortescue includes a breakdown across 12 of the 15 Scope 3 categories defined by the GHG Protocol, up from 10 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chain a

Fortescue's Scope 3 Emissions Over Time

2021202220232024070 M140 M210 M280 MtCO2e+3%+4%+1%
  • Total Scope 3
  • Year-over-Year Change

What are Fortescue's Scope 3 emissions?

In 2024, Fortescue reported total Scope 3 emissions of 269,310,000 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 2.65% of these emissions originated from upstream activities such as purchased goods and capital goods, while 97.35% came from downstream activities like product use, distribution, and end-of-life treatment. a

Compared to the previous year (2023), Fortescue's Scope 3 emissions remained relatively stable, indicating that Fortescue 's emissions have plateaued with no significant change in its value chain footprint. a

What categories of Scope 3 emissions does Fortescue disclose?

In 2024, Fortescue reported emissions for 12 out of the 15 Scope 3 categories defined by the GHG Protocol. a

This reflects a high level of granularity and transparency in the company's emissions reporting.

What are the main sources of Fortescue's Scope 3 emissions?

In 2024, the largest contributors to Fortescue's Scope 3 emissions were: a

  • Processing of Sold Products (Cat. 10): 262,160,000 tCO₂e (97.34%)
  • Upstream Transportation and Distribution (Cat. 4): 2,990,000 tCO₂e (1.11%)
  • Purchased Goods and Services (Cat. 1): 2,820,000 tCO₂e (1.05%)

Fortescue's Scope 3 Emissions by Categories

Processing of SoldProducts (Cat. 10)(97.3%)Purchased Goods andServices (Cat. 1)(1.0%)UpstreamTransportation andDistribution(Cat. 4)(1.1%)

Insights into Fortescue's Total Carbon Footprint

In 2024, Fortescue reported a total carbon footprint of 272,040,000 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 0.7% increase compared to 2023, suggesting a rise in emissions across its operations or value chain. a

The largest contributor to Fortescue's total carbon footprint was Scope 3 emissions, accounting for 99% of the company's total carbon footprint, followed by Scope 1 emissions at 0.87%. a

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