Fortescue Metals to eliminate scope 3 emissions by 2040
Fortescue Metals Group (ASX: FMG), the world’s fourth largest iron ore producer, became on Tuesday the first major miner to commit to achieving net zero scope 3 emissions, those produced by its customers including steel makers, by 2040. The Australian miner put its closest rivals BHP, Rio Tinto and Vale to shame earlier this year after announcing it had brought forward a self-imposed deadline of reaching net zero scope 1 and 2 emissions to 2030. That’s about two decades earlier than the other three iron or producers. Fortescue is seeking to move from being a major consumer of fossil fuel, with a current trajectory of more…
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