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 of Freeport-McMoRan amounted to 13,567,646 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 Freeport-McMoRan increased by 70.21%, suggesting that the company faced challenges in reducing its emissions from its core operations. a b
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 CO₂ equivalent (tCO₂e). a
Has Freeport-McMoRan reduced its Scope 1 emissions over time?
Since 2018, Freeport-McMoRan's Scope 1 emissions have increased by 118.01%, reflecting a rising long-term trend in Scope 1 emissions over time. a c
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. a b
What are Freeport-McMoRan's Scope 2 emissions?
In 2024, Freeport-McMoRan reported Scope 2 greenhouse gas (GHG) emissions of 4,967,969 tCO₂e using the market-based method and 2,752,073 tCO₂e 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. a b
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 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 Freeport-McMoRan includes a breakdown across 5 of 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 chain a
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 CO₂ equivalent (tCO₂e). 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 2018, Freeport-McMoRan's Scope 3 emissions have increased by 774.81%, reflecting a rising long-term trend in Scope 3 emissions over time. a c
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. a b
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 tCO₂e (48.83%)
- Fuel- and Energy-Related Services (Cat. 3): 1,615,000 tCO₂e (24.6%)
- Processing of Sold Products (Cat. 10): 1,275,000 tCO₂e (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 tCO₂e and total revenues of USD 25,455 millions. This translates into an emissions intensity of 424.89 tCO₂e 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 tCO₂e per millions USD. Compared to the peer group median of 60.46 , 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 18 out of 21 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a
This places Freeport-McMoRan among the least efficient performers, with one of the highest emissions intensities in its sector. 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 CO₂ equivalent (tCO₂e) 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. a b
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