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What does Fortescue’s net-zero target mean for mining?

Fortescue’s founder and major shareholder on Monday brought forward the miner’s net-zero target by 10 years to 2030 – two decades ahead of 2050 goals set by larger mining heavyweights. Fortescue will also link executive pay to achieving these strengthened emissions targets.

Is Fortescue leading the way to net zero emissions by 2030?

“Fortescue is now firmly leading corporate Australia with this commitment to reach net zero emissions by 2030, without reliance on offsets,” the Australasian Centre for Corporate Responsibility said in a statement.

Why Fortescue Metals Group Ltd?

A proud West Australian company, Fortescue Metals Group Ltd (Fortescue) is a global leader in the iron ore industry, recognised for its culture, innovation and industry-leading development of world class infrastructure and mining assets in the Pilbara, Western Australia.

What does Fortescue disclose about its emissions?

Unlike its peers, Fortescue does not disclose estimates of customer emissions, so-called scope 3, arguing that would be double counting under the United Nations framework, which mandates nations take responsibility for emissions within their borders.

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