Implementation Strategy
Production Processes or Equipment
Just Transition Approach
Fortescue is committed to delivering a just transition as we progress toward our Real Zero Target by 2030. Our approach prioritises equity and inclusivity across our workforce, suppliers, and communities, ensuring that the social implications of decarbonisation are considered at every stage of our transition.
Workers
Fortescue is in a unique position as a green metals, technology and energy business. Our people operate across the value chain and are excited to be developing new technologies, testing new systems, and rethinking the way traditional mining operations are powered and run. They are motivated to be part of a company that is serious about addressing climate change and will also demonstrate a pathway to rapid decarbonisation for other industrial companies.
Suppliers
Fortescue’s standard tender documents outline our decarbonisation journey and set expectations for supply chain partners to eliminate diesel from our Australian iron ore operations by 2030 and reduce emissions in their own operations.
Communities
To support the delivery of decarbonisation activities, Fortescue commissioned an independent Social Impact Assessment (SIA) and associated Social Impact Management Plan in 2024. The assessment explored how decarbonisation activities may impact and benefit people and communities in the Pilbara.
Products and Services
Fortescue is advancing its low-emission portfolio through green metal projects, high-grade iron ore, and critical minerals. Our Christmas Creek Green Metal Project involves the processing of lower grade iron ore into green metal.
Financial Planning
Fortescue’s transition planning and implementation are fully integrated into our capital and operating budgets. Decarbonisation activities are accounted for as part of Fortescue’s standard capital budget cycle, with annual market guidance provided on forecast decarbonisation capital expenditure for the upcoming financial year.
Financial provisions for closure are embedded in our business planning processes. We maintain dedicated closure teams and have site-specific closure plan for all our operations. As a relatively young mining company, we anticipate closure activities to commence post-2030.
