Fortescue Metals Group

Iron & Steel
FMG.AX
AUD 20 2
Share price
$ 43 bn
Market Cap
$ 48 bn
Enterprise Value

Carbon footprint

46 Ton
GHG emissions per $ 1 mln investment
1.6x the weighted average for S&P 500
FY2021
How is this calculated?
+7.2%
YOY change in GHG emissions
Weaker than the -8.7% weighted average for S&P 500
FY2021 vs. previous year

Primary Climate Goal

-3.4%
Proj. YOY change in GHG emissions (Scope 1 + 2)
Weaker than the -5.1% weighted average for S&P 500
FY2022
How is this calculated?

Fortescue Metals Group aims to reduce Scope 1 + 2 by 26% by 2030 from a base year 2020


This target has not been verified as science based according to SBTi
Fortescue Metals Group's actual and proj. GHG emissions (Scope 1 + 2) (Kt of CO2e)

GHG emissions and Carbon intensity

Fortescue Metals Group's GHG emissions (location-based) (Kt of CO2e)
Fortescue Metals Group's Carbon intensity (Tons per 1 USDm)

Fortescue Metals Group's carbon footprint

Fortescue Metals Group reported gross GHG emissions (Scope 1 + 2 before carbon offsets) for the twelve months ending 30 June 2021 at 2,220 Kt (+150/+7.2% y-o-y). At the sime time, carbon intensity was down at 162 t (-25 /-13.5% y-o-y).

Fortescue Metals Group's Scope 3 emissions grew to 252,170 Kt (+11,170/+4.6% y-o-y).

The company is committed to reducing Scope 1 + 2 by 26% by 2030 from a base year 2020, which translates into the estimated reduction of -76 Kt per annum over the period of FY2022 - FY2030. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Fortescue Metals Group aims to achive carbon neutrality across its operations (Scope 1 + 2) in 2030. Companies normally become carbon neutral with the help of the acquisition of carbon offsets rather than absolute reductions in their own greenhouse emissions. Also, carbon neutrality does not include non-CO2 GHG emissions.

Company environmental metrics

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