Fortescue Future Industries (FFI) and Fortescue Metals Group (Fortescue) have formally joined the UN Race to Zero Coalition ahead of the COP26 climate summit in Glasgow and have also signed the prestigious climate pledge, which brings together businesses across the globe who are playing a critical role in stimulating investment in the development of low-carbon products and services.
FFI Chief Executive Officer Julie Shuttleworth AM said, “We are pleased to be joining the UN Race to Zero Coalition as we prepare to head to COP26 where we will make the case globally for increased investment in green hydrogen.
“We must take action now to stop the planet from cooking and embrace green hydrogen so the world can lower emissions faster,” Ms Shuttleworth said.
Race to Zero is the UN-backed global campaign rallying leadership and support from businesses, cities, regions, as well as financial, educational and health institutions, to take rigorous and immediate action to halve global emissions by 2030 and deliver a zero-carbon world.
The Climate Pledge is a commitment co-founded by Amazon and Global Optimism to be net-zero carbon by 2040. Now, more than 100 organisations have signed The Climate Pledge, sending an important signal that there will be rapid growth in demand for products and services that help reduce carbon emissions.
Following a stringent due diligence process to be approved as a signatory for The Climate Pledge and to become a member of the UN Race to Zero, Fortescue is one of the only major mining companies in the world to meet the criteria for approval.
Fortescue Chief Executive Officer, Elizabeth Gaines said, “We are proud to be part of the international effort to lower global emissions as Fortescue transitions from a pure play iron ore producer to a green renewables and resources company.
“This is underpinned by our industry leading targets to be carbon neutral by 2030 in our mining operations and achieve net zero Scope 3 emissions by 2040 with these initiatives making a substantial contribution to lowering emissions across our value chain from mining to shipping to steel production.”