Iron-ore major Fortescue Metals has set a target to achieve net zero operational emissions by 2040.
The company on Tuesday said that the net zero emissions goal was core to the its climate change strategy and underpinned by a pathway to decarbonisation, including the reduction of Scope 1 and 2 emissions from its existing operations by 26%, from 2020 levels by 2030.
“Fortescue has a proud history of setting stretch targets and our 2030 emissions reduction commitment, together with our goal to achieve net zero operational emissions by 2040, positions Fortescue as a leader in addressing the global climate change challenge,” said Fortescue CEO Elizabeth Gaines.