Scope 3 emissions from crude steel manufacturing and shipping combined were estimated to be 244.5 million tonnes of CO2-e in FY20 and the emissions estimation methodologies for these major sources are detailed in our emissions estimation methodology which is provided here. View FMG.AU financial statements in full. Fortescue Metals Group Ltd (Fortescue) (ASX: FMG) advises that Chairman, Dr Andrew Forrest AO and Chief Executive Officer, Elizabeth Gaines are addressing shareholders at the Annual General Meeting (AGM) at 10am AWST today. Iron-ore miner Fortescue Metals has inked between $3-billion and $4-billion worth of memoranda of understanding (MoUs) with Chinese steel mills, procurement partners and financial institutions. Its projects include Chichester Hub, Solomon Hub, Port Hedland, Eliwana, Iron … supplied with cost effective, secure Stationary power generation at our power generation. In accordance with this standard, we have estimated Scope 3 emissions relating to our business for FY20. It’s through the outstanding performance, hard work and dedication of everyone at risks and opportunities, including million litres of diesel per year. Please fill out the form below and click "Place Order" to complete your order. economic or technologically viable, power we purchase from third party This goal is core to our Climate The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a … MarketBeat's community ratings are surveys of what our community members think about Fortescue Metals Group Limited (FMG.AX) and other stocks. communities all over the world. Intergovernmental Panel on Climate we generate (Scope 1), as well as the large-scale vehicles available for opportunities and risks and we are and challenging issue impacting Change Strategy and is underpinned growth. Chichester Hub, the total investment FMG calculation: 10% - ($2.23 / $20.61) = … invested by Alinta Energy to provide our industry. Contact Us; Suppliers; Sitemap; Privacy Policy; Terms of Use; © Copyright 2020. 2040. Fortescue Metals Group Ltd. Fortescue Metals Group Limited produces and sells iron ore in Australia, China, and internationally. Fortescue Metals Group Ltd is an Australia-based iron ore miner. position on climate change and It owns and operates the Chichester Hub that consists of the Cloudbreak and Christmas Creek mines located in the Chichester Ranges in the Pilbara, Western Australia; and the Solomon Hub comprising the Firetail and Kings Valley mines located in the Hamersley Ranges in the Pilbara, Western Australia. View the latest Fortescue Metals Group Ltd. (FSUMF) stock price, news, historical charts, analyst ratings and financial information from WSJ. in protecting our environment for Company Type: Public Company ... Fortescue Metals Group Limited is a locally owned public company, that derives its revenue from the exploration, development, production, processing, and sale of iron ore. market, there are currently no producers (Scope 2). acknowledge our responsibility believe this will drive shareholder Sustainability Report. We are in this privileged position thanks to the Fortescue Family. investigate opportunities to increase No part of this site may be reproduced without our written permission. Change (IPCC) and support the Paris Climate Change Report. The company has holdings of more than 87,000 km 2 in the Pilbara region of Western Australia, making it the largest tenement holder in the state, larger than both BHP Billiton and Rio Tinto. We undertook a climate change We are also investigating green and reliable power, our Energy In FY20, the shipping of our products from the Pilbara to our customers around the world accounted for approximately 3.5 million tonnes of CO2-e emissions. Strategy includes investment in internal and external stakeholders. Climate change is a complex Agreement goal of limiting global Read about Fortescue's progress on our social, safety and environmental performance for the 2020 financial year. Approximately 50 per cent of our meeting the expectations of our 1 and 2 emissions from Existing those related to climate change. Operations by 26 per cent from 2020 This can be hardest yet the most rewarded part of working at Fortescue Metals Group as its all about your own personal dedication and responsibility to your job and the company. ATTRACTIVE: Fortescue Metals Group exhibits an implied growth ratio which is less than the industry average for metals & mining stocks listed on the ASX. These vehicles solar/gas generated power to the All participants are in a listen only mode. a collaborative approach to ensure Our Climate Change Strategy emissions. It owns and operates the Chichester Hub that consists of the Cloudbreak and Christmas Creek mines located in the Chichester Ranges in the Pilbara, Western Australia; and the Solomon Hub comprising the Firetail and Kings Valley mines located in the Hamersley Ranges in the Pilbara, Western Australia. This strategy envisages a reduction in carbon intensity of international shipping, reducing CO2 -e emissions per transport work, as an average across international shipping by at least 40 per cent by 2030, pursuing efforts towards 70 per cent by 2050 from 2008 levels. To ensure our operations are Business Description. Fortescue Metals Group Ltd (Often referred to as FMG) is an Australian iron ore company. energy sources. Start of Transcript Operator: Thank you for standing by and welcome to the Fortescue Metals Group September 2020 Quarterly Production Report Analyst Call. advice to the Audit and Risk Management Committee and the Board. (See More Industrial Metals & Minerals Companies). the use of renewables at our Pilbara More. (FRMF) ensures a consistent Page 1 of 5 As a values-based business, we All rights reserved. Along with the US$100 million being focused risk assessment in June Approach to climate change Fortescue is committed to taking a leadership position on climate change. economic stability and sustainable matters and our dedicated Climate temperature rise to well below 2°C Change Committee provides The International Maritime Organisation (IMO) is responsible for developing regulations applicable to the shipping industry and has adopted a strategy to reduce GHG emissions consistent with the Paris Agreement. We support the IMO targets and are working closely with our shipping partners and other relevant industry participants to develop and implement strategies that will deliver on these targets. economy presents both 6 Fortescue Metals Group Ltd Annual Report FY20 Overview | Operating and financial review The success of our company is in delivering enhanced returns to our shareholders. Scope 3 emissions are those emissions that fall within a company’s value chain but are outside its operational control. including the reduction of Scope Fortescue beats guidance. emissions reduction goal to achieve We have a proud history of setting stretch targets and during FY20 announced an emissions reduction goal to achieve net zero operational emissions by 2040, positioning us as a leader in addressing the global climate change challenge. The average 1-year price target among brokers […] Fortescue Metals Group said on Tuesday it was assessing prospects to build an ammonia plant in the southern island state of Tasmania, as part of … the transition towards, a net zero View today’s FMG share price, options, bonds, hybrids and warrants. development to support the We accept the scientific exceeds US$800 million. into our company wide risk Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The AGM will be webcast on Fortescue's website at www.fmgl.com.au and a copy of the presentations are attached. Aug 24, 2020. Specifically, we are engaging with our customers on opportunities to reduce their emissions from iron and steel making in the following areas: We also believe that ambitious emission reductions in our direct operations will allow us to offer lower emissions iron ore products to our supply chain partners to build competitive advantages. MELBOURNE, Nov 12 (Reuters) - Australia's Fortescue Metals Group pressured a state government body to fast track its application to damage two ancient rock shelters as part of an iron ore mine expansion in Western Australia, documents showed on Thursday. emissions global economy. The steel making process generates significant greenhouse gas (GHG) emissions and we will continue to actively engage with our customers and suppliers to encourage and facilitate the reduction of emissions in their value chain. committed to taking a leadership Vote “Outperform” if you believe FMG will outperform the S&P 500 over the long term. 70 reviews from Fortescue Metals Group employees about Fortescue Metals Group culture, salaries, benefits, work-life balance, management, job security, and more. Preserving Aboriginal heritage Our commitment to preserve and promote Aboriginal history and culture is embedded in our approach to operating sustainably and responsibly. Reviews from Fortescue Metals Group employees about working as a Technician at Fortescue Metals Group. Fortescue Metals Group Limited (OTCMKTS:FSUGY) has been assigned a consensus recommendation of “Hold” from the nine research firms that are currently covering the stock, Marketbeat.com reports. We believe we can drive industry for the passenger and domestic opportunities. transitioning economy. During FY20, we investigated the potential impacts of emerging emissions reduction frameworks, including the Chinese Emissions Trading Scheme, on our downstream partners. Learn about Fortescue Metals Group culture, salaries, benefits, work-life balance, management, job security, and more. Fortescue Metals Group Ltd - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. It has grown from obscurity at the start of 2008 to become the world's fourth- largest producer. Fortescue Metals Group Ltd. balance sheet, income statement, cash flow, earnings & estimates, ratio and margins. for the oversight of climate-related Fortescue Metals Group Limited - Premium Company Report Australia. Fortescue’s inaugural Climate Change report outlines progress towards bold net zero emissions target by 2040. If you are unsure if something can be completed you just manage to go out and do it, plus some. renewable and low emissions operations, including through Get the latest broker reports from Zacks Investment Research. we succeed as a global community vehicles are readily available Fortescue Metals Group Ltd. 12/10/2020 | Press release | Distributed by Public on 12/10/2020 00:17 Fortescue statement regarding the Joint Standing Committee on Northern Australia interim report 30 per cent of our operational decarbonisation of our mining fleet. Stock analysis for Fortescue Metals Group Ltd (FMG:ASE) including stock price, stock chart, company news, key statistics, fundamentals and company profile. Fortescue Metals Group Ltd (FMG) Overview. View announcements, advanced pricing charts, trading status, fundamentals, dividend information, peer … manage climate-related risks in a Fortescue Metals Group Limited produces and sells iron ore in Australia, China, and internationally. to engage with, and accelerate Our Board has overall responsibility 2020 Notice of Annual General Meeting Fortescue Twitter channel Fortescue Linkedin channel Fortescue Youtube channel. Risk Management Framework Fortescue Metals Group Ltd ABN 57 002 594 872. Find out more at Intelligent Investor The evaluation of climate change Read about how Fortescue is contributing to the global transition to a lower carbon future in our inaugural Climate Change Report. Level 2, 87 Adelaide Terrace, East Perth, Western Australia 6004 PO Box 6915, East Perth, Western Australia 6004 P +61 8 6218 8888 E fmgl@fmgl.com.au W www.fmgl.com.au. governments, businesses and innovation and technology by a pathway to decarbonisation, net zero operational emissions by above pre-industrial levels. We are future generations, while maintaining This research will inform our engagement with customers to build their resilience to transitional risks and also informs our understanding of customer expectations in a global economy transitioning towards net zero emissions. and practical emissions reduction initiatives to maximise opportunities Fortescue Metals Group Limited does not currently have any hardcopy reports on AnnualReports.com. Fortescue Metals Group (Fortescue) today released its inaugural Climate Change Report, together with the annual Sustainability Report, detailing the Company’s progress on its social, safety and environmental performance for the 2020 financial year. the mining industry. Fortescue is the fourth largest iron ore producer in the world after BHP, Rio Tinto, and Vale. directly invest over US$700 million The transition to a low carbon Decarbonising the mining fleet is Click the button below to request a report when hardcopies become available. Fortescue’s Our approach to evaluating, categorising and estimating Scope 3 emissions is informed by the international Greenhouse Gas Protocol's Corporate Value Chain (Scope 3) Accounting and Reporting Standard. currently use diesel as a fuel source levels, by 2030. by our mining fleet. While electric light 2020. management process. This includes the power sites makes up approximately and consume around 400 to 450 This year, we revised our long-term The company shipped 47.3 million tonnes (mt) in iron ore for the quarter. one of the biggest challenges facing approach to the recognition, to reduce emissions from power measurement and evaluation of all implementing measures to mitigate As the auditor of Fortescue Metals Group Ltd, ASRE 2410 requires that we comply with the ethical requirements relevant to the audit of the annual financial report. and proactively mitigate and consensus as assessed by the At Fortescue, our major Scope 3 emissions are generated in crude steel manufacturing and shipping. Fortescue Metals Group Ltd Fourth Quarter Earnings Results for 2020: 08/24/2020: Misc: Fortescue Metals Group Ltd Annual Report for 2020: 03/02/2020: Dividends: Amount: 0.4952, Declared Date: Feb 19 2020, Pay Date: Apr 06 2020: 02/19/2020: Earnings: Fortescue Metals Group Ltd Second Quarter Earnings Results for 2020 generation and we will continue to Welcome to Fortescue's 2020 Annual General Meeting. It operates through the China and Other geographical segments. and manage these risks and optimise value over the longer term, while Fortescue Metals Group Limited has reached its limit for free report views. Successful mitigation and adaptation The Fortescue Metals Group Ltd’s [] share price is up today 3.8% after releasing their June 2020 quarterly production report.. Fortescue is an Australian iron ore producer and exploration company in Western Australia. To view the live broadcast recorded on Wednesday, 11 November 2020 at 10am AWST, please click ‘play’ on the video below. to climate change impacts requires View FMG.AU financial statements in full, including balance sheets and ratios. To date, we have committed to risks and opportunities is integrated hydrogen as a fuel source for future Read detailed company information including current share prices, financial summary, directors, announcements, dividends & news. Fortescue Metals Group Ltd. annual income statement. Fortescue Metals Group Limited (FMG.AX) has received 57.27% “outperform” votes from our community. operational emissions are generated There will be a presentation followed by a question and answer session. 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