Prioritisation of engagement activities
Among our value chain Scope 3 emissions, upstream emissions represent less than three per cent (including one per cent from purchased goods and services and one per cent from shipping), while downstream processing of sold product (Category 10) represented more than 97 per cent of our Scope 3 emissions in FY24.
Hence, we place particular focus on our downstream supply chain, engaging with customers and investments in technology improvement to develop a green metal value chain and achieve green metal processing and steelmaking processes.
Development of the green metal value chain
Our vision is to take a more active and direct path to reducing emissions by transforming all of our iron ore into green metal, specifically in partnerships with the Chinese steel industry and banking sector. We are actively exploring the opportunity to produce green metal in Australia and elsewhere in conjunction with strategic partners, with the benefits of making significant reductions in Scope 3 emissions.
Roadrunner and Europa
Suppliers are not currently offering low-emission options for mining vehicles. After years of attempting to influence suppliers to add low-emission vehicles to their offerings, Fortescue has developed a prototype battery-electric haul truck, dubbed Roadrunner. Roadrunner is integrated with a Fortescue Zero battery and was deployed to the Pilbara in December 2023.
In partnership with Liebherr, Fortescue has also developed a prototype hydrogen fuel cell electric truck, Europa, which is undergoing site-based commissioning and testing at Christmas Creek.
Through these examples, Fortescue is influencing our supply chain by demonstrating low- emission mining equipment and vehicles are possible and are our preferred option.
