Australian iron ore miner Fortescue is focused on achieving leading practice, decarbonizing its operations, and ensuring communities continue to benefit from its growth and the green energy transition and has released its annual Sustainability and Climate Change reports, detailing its performance against key material sustainability and climate-related commitments and targets for the 2022 financial year. Fortescue Chief Executive Officer Ms Elizabeth Gaines said “Sustainability is integrated into all aspects of our business, and we are committed to ensuring communities continue to benefit from our growth and development as we take a global leadership position in the green energy transition. We have set a target to decarbonizes our operations by 2030, which is two decades earlier than commitments made by most of our peers, and we have set a target to achieve net zero Scope 3 emissions by 2040. Fortescue Future Industries is the key enabler of these targets, with a range of heavy industry decarbonization initiatives underway to eliminate our reliance on fossil fuels.”Fortescue Chairman Dr Andrew Forrest said “Fortescue is transitioning into a global green energy, metals, minerals and technology company, capable of delivering not only green energy but also the minerals critical to the green energy transition. For our size and scale, there is no other mining company taking the action we are to decarbonize and provide the solutions for the world to reduce emissions. We are leading the green energy revolution – and will once again, set record-breaking industry benchmarks.”Highlights from the FY22 Sustainability and Climate Change reports include:Announcement of an industry leading target to achieve net zero Scope 3 emissions by 2040Acquisition of Williams Advanced Engineering, providing Fortescue with the critical technology and expertise in high performance battery systemsCompleting a USD 1,500 million Senior Notes offering, which included inaugural USD 800 million Green Use of Proceeds Notes that will be applied to decarbonisation initiativesCelebrating more than UD 4 billion in contracts and sub-contracts being awarded to Aboriginal businesses since the Billion Opportunities initiative was launched in 2011Achieving 27% female employment in senior leadership rolesEnergization of the 60MW Chichester Solar Gas Hybrid facility which displaced 78 million litres of diesel usage during the financial yearCommencing the development of the Infinity Train, the world’s first regenerating battery electric iron ore locomotiveBecame a signatory for The Climate Pledge, a member of the UN Race to Zero, and a founding member of the First Movers CoalitionPartnering with Liebherr to develop and supply zero emissions haul trucks to our Pilbara mining operations.
Australian iron ore miner Fortescue is focused on achieving leading practice, decarbonizing its operations, and ensuring communities continue to benefit from its growth and the green energy transition and has released its annual Sustainability and Climate Change reports, detailing its performance against key material sustainability and climate-related commitments and targets for the 2022 financial year. Fortescue Chief Executive Officer Ms Elizabeth Gaines said “Sustainability is integrated into all aspects of our business, and we are committed to ensuring communities continue to benefit from our growth and development as we take a global leadership position in the green energy transition. We have set a target to decarbonizes our operations by 2030, which is two decades earlier than commitments made by most of our peers, and we have set a target to achieve net zero Scope 3 emissions by 2040. Fortescue Future Industries is the key enabler of these targets, with a range of heavy industry decarbonization initiatives underway to eliminate our reliance on fossil fuels.”Fortescue Chairman Dr Andrew Forrest said “Fortescue is transitioning into a global green energy, metals, minerals and technology company, capable of delivering not only green energy but also the minerals critical to the green energy transition. For our size and scale, there is no other mining company taking the action we are to decarbonize and provide the solutions for the world to reduce emissions. We are leading the green energy revolution – and will once again, set record-breaking industry benchmarks.”Highlights from the FY22 Sustainability and Climate Change reports include:Announcement of an industry leading target to achieve net zero Scope 3 emissions by 2040Acquisition of Williams Advanced Engineering, providing Fortescue with the critical technology and expertise in high performance battery systemsCompleting a USD 1,500 million Senior Notes offering, which included inaugural USD 800 million Green Use of Proceeds Notes that will be applied to decarbonisation initiativesCelebrating more than UD 4 billion in contracts and sub-contracts being awarded to Aboriginal businesses since the Billion Opportunities initiative was launched in 2011Achieving 27% female employment in senior leadership rolesEnergization of the 60MW Chichester Solar Gas Hybrid facility which displaced 78 million litres of diesel usage during the financial yearCommencing the development of the Infinity Train, the world’s first regenerating battery electric iron ore locomotiveBecame a signatory for The Climate Pledge, a member of the UN Race to Zero, and a founding member of the First Movers CoalitionPartnering with Liebherr to develop and supply zero emissions haul trucks to our Pilbara mining operations.