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Freeport-McMoRan Inc
Freeport-McMoRan's GHG Emissions Data Preview
In 2024, Freeport-McMoRan 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).
Freeport-McMoRan has also provided a category-level breakdown for 7 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
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bVerified Sources Behind Freeport-McMoRan’s Greenhouse Gas (GHG) Emissions Data
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Insights into Freeport-McMoRan's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions ofFreeport-McMoRan amounted to13,567,646metric 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 Freeport-McMoRanincreased by 70.21%, suggesting that the company faced challenges in reducing its emissions from its core operations.ab
Freeport-McMoRan's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Freeport-McMoRan's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Freeport-McMoRan were 10,815,573 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Has Freeport-McMoRan reduced its Scope 1 emissions over time?
Since 2019, Freeport-McMoRan's Scope 1 emissions have increased by 128.68%, reflecting a rising long-term trend in Scope 1 emissions over time.ab
Compared to the previous year(2023), Freeport-McMoRan's Scope 1 emissions increased by 110.44%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.ab
What are Freeport-McMoRan's Scope 2 emissions?
In 2024, Freeport-McMoRan reported Scope 2 greenhouse gas (GHG) emissions of 4,967,969 tCOâ‚‚e using the market-based method and 2,752,073 tCOâ‚‚e using the location-based method.a
Has Freeport-McMoRan reduced its Scope 2 emissions over time?
Compared to the previous year(2023), Freeport-McMoRan's Scope 2 emissions(Location-Based) have remained relatively stable, indicating that Freeport-McMoRan's emissions have plateaued with no significant change in its energy consumption footprint.ab
What methodology does Freeport-McMoRan use for Scope 2 reporting?
In 2024, Freeport-McMoRan reported its Scope 2 emissions using the market-based method and using the location-based method.a
Freeport-McMoRan's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into Freeport-McMoRan's Value Chain Emissions
In 2024, Freeport-McMoRan reported 6,564,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Freeport-McMoRan includes a breakdown across 5of the 15 Scope 3 categories defined by the GHG Protocol,up from 4 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chaina
Freeport-McMoRan's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Freeport-McMoRan's Scope 3 emissions?
In 2024, Freeport-McMoRan reported total Scope 3 emissions of 6,564,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Approximately 80.58%of these emissions originated from upstream activities such as purchased goods and capital goods, while 19.42%came from downstream activities like product use, distribution, and end-of-life treatment.a
Has Freeport-McMoRan reduced its Scope 3 emissions over time?
Since 2019, Freeport-McMoRan's Scope 3 emissionshave increased by 848.09%, reflecting a rising long-term trend in Scope 3 emissions over time.ac
Compared to the previous year (2023), Freeport-McMoRan's Scope 3 emissions remained relatively stable, indicating that Freeport-McMoRan's emissions have plateaued with no significant change in its value chain footprint.ab
What categories of Scope 3 emissions does Freeport-McMoRan disclose?
In 2024, Freeport-McMoRan reported emissions for 5 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This partial disclosure allows for some insight into the company's indirect impacts.
What are the main sources of Freeport-McMoRan's Scope 3 emissions?
In 2024, the largest contributors to Freeport-McMoRan's Scope 3 emissions were:a
- Purchased Goods and Services (Cat. 1): 3,206,000 tCOâ‚‚e(48.83%)
- Fuel- and Energy-Related Services (Cat. 3): 1,615,000 tCOâ‚‚e(24.6%)
- Processing of Sold Products (Cat. 10): 1,275,000 tCOâ‚‚e(19.42%)
Freeport-McMoRan's Scope 3 Emissions by Categories
Insights into Freeport-McMoRan’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Freeport-McMoRan reported Scope 1 greenhouse gas (GHG) emissions of 10,815,573 tCOâ‚‚e and total revenues of USD 25,455 millions. This translates into an emissions intensity of 424.89 tCOâ‚‚e per millions USD.a
Freeport-McMoRan's Scope 1 Emissions Intensity Compared to Peers
How does Freeport-McMoRan's GHG emissions intensity compare to its peers?
In 2024, Freeport-McMoRan reported a Scope 1 emissions intensity of 424.89 tCOâ‚‚e per millions USD. Compared to the peer group median of 134.66, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
Where does Freeport-McMoRan rank on GHG emissions intensity within its industry?
In 2024, Freeport-McMoRan ranked 16 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a
Freeport-McMoRan is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
Insights into Freeport-McMoRan's Total Carbon Footprint
In 2024, Freeport-McMoRan reported a total carbon footprint of 20,131,646 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 39.81% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.ab
The largest contributor to Freeport-McMoRan's total carbon footprint was Scope 1 emissions, accounting for 53.72% of the company's total carbon footprint, followed by Scope 3 emissions at 32.61%.a