Freeport-McMoRan Inc. (NYSE: FCX) today announced the
publication of its updated Climate Report, which outlines FCX’s
ongoing initiatives to reduce its greenhouse gas (GHG) emissions,
improve energy efficiency, evaluate and integrate the use of lower
carbon and renewable energy sources and enhance its resilience to
future climate-related risks.
Richard C. Adkerson, Chairman and Chief Executive Officer,
said, “Freeport aspires to participate in — and positively
contribute to — a 2050 net zero economy. As the global energy
system continues to evolve, we play a vital role in progressing a
low-carbon future. The copper we produce is essential to new and
existing technologies that will support global efforts to
decarbonize. We are proud of our industry leading position and are
dedicated to the responsibility that comes with it. This includes
continuing to advance our climate strategy, demonstrating momentum
toward our goals and innovating in order to take practical,
responsible steps towards an eventual net zero mining
FCX continues to advance its GHG emissions reduction initiatives
across its global operations and has established 2030 GHG reduction
targets that now collectively cover nearly 100 percent of its Scope
1 and 2 GHG emissions. FCX plans to submit its 2030 GHG emissions
reduction targets to the Science Based Target initiative for
FCX continues to make meaningful progress in advancing efforts
to decarbonize its electricity supply, including progressing a
study at PT-FI to evaluate the feasibility of replacing its
coal-fired power plant in the future. FCX also is collaborating
with equipment manufacturers and various industry consortiums with
the aim of contributing to technological solutions that will help
the company achieve its climate objectives.
FCX’s 2021 Climate Report reflects the company’s continued
progress to align with the recommendations of the Task Force on
Climate-related Financial Disclosures and includes third-party
verified Scope 1, 2 and 3 GHG emissions data in accordance with ISO
14064 (Specifications 1 and 3). To learn more about FCX’s climate
strategy and progress, please read FCX’s updated Climate Report,
available on the company website at:
FREEPORT: Foremost in Copper
FCX is a leading international mining company with headquarters
in Phoenix, Arizona. FCX operates large, long-lived, geographically
diverse assets with significant proven and probable reserves of
copper, gold and molybdenum. FCX is one of the world’s largest
publicly traded copper producers.
FCX’s portfolio of assets includes the Grasberg minerals
district in Indonesia, one of the world’s largest copper and gold
deposits; and significant mining operations in North America and
South America, including the large-scale Morenci minerals district
in Arizona and the Cerro Verde operation in Peru.
By supplying responsibly produced copper, FCX is proud to be a
positive contributor to the world well beyond its operational
boundaries. Additional information about FCX is available on FCX's
website at fcx.com.
Cautionary Statement Regarding Forward-Looking
Statements: This press release contains forward-looking
statements regarding FCX’s potential future performance.
Forward-looking statements are all statements other than statements
of historical facts, such as plans, projections, expectations,
targets, objectives, strategies or goals relating to environmental
performance, including expectations regarding execution of FCX’s
energy and climate strategies, and the underlying assumptions and
estimated impacts on FCX’s business related thereto; FCX’s approach
to lower carbon and reduced emissions; FCX’s plans and expectations
in relation to its future clean energy transition, including
targeted reductions of GHG emissions, implementation of
technologies and emissions reduction projects, achievement of
climate commitments by 2030 and 2050 net zero aspiration; FCX’s
operational resiliency and climate scenarios; FCX’s expectations
regarding climate-related risks and future risk mitigation; and
FCX’s commitment to deliver responsibly produced copper, including
plans to implement and validate its operating sites under specific
frameworks. The words “anticipates,” “may,” “can,” “commitments,”
“plans,” “pursues,” “believes,” “estimates,” "expects,"
"endeavors," “efforts,” “initiatives,” "seek," "goal," "predicts,"
"strategy," “objective,” “projects,” “targets,” "intends,"
"aspires," “likely,” “will,” “should,” “could,” “to be,”
”potential,” “opportunities,” “assumptions,” “guidance,”
“forecasts,” “future” and any similar expressions are intended to
identify those assertions as forward-looking statements.
FCX cautions readers that forward-looking statements are not
guarantees of future performance and actual results may differ
materially from those anticipated, expected, projected or assumed
in the forward-looking statements. Important factors that can cause
FCX’s actual results to differ materially from those anticipated in
the forward-looking statements include, but are not limited to, the
factors described under the heading “Risk Factors” in FCX’s Annual
Report on Form 10-K for the year ended December 31, 2021, filed
with the U.S. Securities and Exchange Commission (SEC), and
available on FCX’s website at fcx.com.
Investors are cautioned that many of the assumptions upon which
FCX's forward-looking statements are based are likely to change
after the forward-looking statements are made. Further, FCX may
make changes to its business plans that could affect its results.
FCX cautions investors that it undertakes no obligation to update
any forward-looking statements, which speak only as of the date
made, notwithstanding any changes in its assumptions, changes in
business plans, actual experience or other changes.
version on businesswire.com: https://www.businesswire.com/news/home/20220925005037/en/
Financial Contact: David P. Joint (504) 582-4203
Media Contact: Linda S. Hayes (602) 366-7824
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