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 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 10,815,573a | 5,139,523b | 4,927,823b | |
Total Scope 2 | ||||
Market-Based | 4,967,969a | 2,624,651b | 2,757,463b | |
Location-Based | 2,752,073a | 2,831,755b | N/A | |
Total Scope 3 | 6,564,000a | 6,428,196b | 5,892,373b | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 424.8899a | 224.8752b | 216.3223b |
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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.ab
In 2024, the total Scope 1 emissions of Freeport-McMoRan were 10,815,573 metric tons of CO₂ equivalent (tCO₂e).a
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
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
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
In 2024, Freeport-McMoRan reported its Scope 2 emissions using the market-based method and using the location-based method.a
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 chaina
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
Since 2019, Freeport-McMoRan's Scope 3 emissions have 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
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.
In 2024, the largest contributors to Freeport-McMoRan's Scope 3 emissions were:a
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
In 2024, Freeport-McMoRan reported a Scope 1 emissions intensity of 424.89 tCO₂e per millions USD. Compared to the peer group median of 67.47, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Freeport-McMoRan ranked 25 out of 24 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
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.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