We’re part of the problem.
We don’t shy away from the fact that we are a heavy emitter. In fact, every year we emit 2.4 million tonnes of CO2 equivalent into the atmosphere. This is why we have committed to eliminate fossil fuels with a target to achieve Real Zero terrestrial emissions (Scope 1 and 2) by 2030, without carbon offsets.
Real Zero is our answer to climate change.
Is real zero just corporate spin?
No, it’s not. Real zero is exactly what it sounds like – eliminating all emissions. For the benefit of our planet, and our future generations. We’re decarbonising our own operations to bring them to real zero, building the technologies needed to reach real zero, and establishing projects around the globe to help our planet step beyond fossil fuels.
This is a different approach to Net Zero, where carbon credits or offsets are being used to reduce emissions on paper - not in practice. Net Zero is widely used around the world and we have a problem with it, because it is not real.
The Greatest Greenwash
The greatest greenwash is that climate change is the fault of the individuals. It’s people like me – heavy industrial emitters. We have an obligation and responsibility, to save this planet. I want you to hold me to account.
Dr Andrew Forrest AO
Executive Chairman
2.4 million tonnes of emissions
That’s how much carbon dioxide (equivalent) we emit into the atmosphere every year. Which is why in September 2022, we announced our US$6.2b plan to eliminate fossil fuels from our Australian iron ore operations by 2030. No offsets. Real zero.
No offsets
Carbon offsets are a scam, which is why we’re not buying them anymore. Instead, all money allocated to carbon offsets will be diverted to our plan to achieve Real Zero by 2030. That’s several hundred million dollars per year toward proving that we can step beyond fossil fuels.
Dino Otranto
Chief Executive Officer, Fortescue Metals
Building the technology for Real Zero
Green mining
We’re proving that you can still mine the metals needed for a green transition, without the emissions burden. Project Roadrunner is our battery electric haul truck prototype which is powered by a 1.4MWh battery, developed in house by Fortescue Zero. The truck can be charged in just 30 minutes using our 3MW fast charger.
Green shipping
90% of the worlds shipping trade accounts for 700Mt of global emissions. We’re proving it can be reduced with our Green Pioneer – a prototype ammonia-powered vessel.
Intelligent batteries
A green world will need lots of batteries. We’re building the software that unlocks their untapped potential, delivering for both businesses and the planet.
Bankrolling the green transition
The green transition will need capital. Lots of capital.
