Iron-ore major Fortescue Metals this week announced a target to achieve net zero Scope 3 emissions by 2040, addressing emissions across its entire global value chain, including crude steel manufacturing which accounts for 98% of the company’s Scope 3 emissions. The company told shareholders that its approach to reducing Scope 3 emissions would be to develop projects and technologies with a focus on reducing emissions from iron and steel making and to work with current and prospective customers on the application of the technology and the supply of green hydrogen and ammonia from FFI.
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