OUR APPROACH

We are dedicated to supplying the global economy with responsibly produced copper, which includes operating in a manner that manages and mitigates our GHG emissions and other climate-related risks and impacts.

Our climate strategy is founded on three pillars: Reduction, Resilience and Contribution.

REDUCTION
We strive to reduce, manage and mitigate our GHG emissions where possible. We have four 2030 GHG emissions reduction targets, covering nearly 100% of our Scope 1 and 2 GHG emissions, which help us to manage relevant, climate-related risks and support the decarbonization of our business globally.

RESILIENCE
We strive to enhance our resilience to climate change risks (both physical and transitional risks) for our current and future operations, local communities and stakeholders. This includes working to analyze and prepare for extreme weather events, water stress and other potential climate change impacts while also supporting our communities and responding to anticipated market and regulatory demands.

CONTRIBUTION
We strive to be a positive contributor beyond our operational boundaries by responsibly producing the copper that will support the technologies needed to enable the energy transition. This includes collaborating with partners in our value chain and industry associations to identify climate-related solutions that will support the global energy transition to a low-carbon economy and ultimately meet the goals of the Paris Agreement.

To learn more about our approach to climate, including our strategy and performance, please read our 2023 CLIMATE UPDATE and our 2024 ANNUAL REPORT ON SUSTAINABILITY

OUR APPROACH

Water is essential to our operations and the sustainability of FCX. We cannot operate without water and we understand the importance of managing the impacts of our activities on both water availability and quality, along with respecting the rights of local communities and Indigenous neighbors.

FCX’s water stewardship program aims to secure reliable, long-term water supplies while maximizing water-use efficiency within our operations. On the supply side, we seek to identify opportunities to shift to more sustainable water sources, such as recycled, reused, renewable and lower-quality water. On the use side, we are working to identify best practices, scalable options and technological innovations to maintain our high water-use efficiency rates and reduce our freshwater usage over the long term. We review our water usage and consumption patterns regularly to understand our water balances and identify efficiency opportunities.

Globally, we aim to identify, manage and to support the continuous improvement of our operations and promote water security for local communities and the natural systems within which we operate. To that end, we recognize the importance of collaborating with our stakeholders, including providing education, opportunities to adopt new technologies as well as balancing responsible production with societal needs and expectations.

To learn more, please see our 2024 ANNUAL REPORT ON SUSTAINABILITY

OUR APPROACH

As a global metals company, we acknowledge that we are dependent on nature and that our business activities impact that natural environment. While we have long appreciated the interconnectedness of climate, water, biodiversity and land use, we have worked to deepen our understanding of the nexus between these issues in the context of nature, supporting the development and adoption of our nature strategy.

Across the three pillars of our nature strategy, we established objectives aligned with the Kunming-Montreal Global Biodiversity Framework’s (GBF) 2030 mission and ICMM’s “Nature Positive by 2030” ambition:

1. 1. Minimize Nature-Related Risks: We strive to reduce, manage and mitigate nature-related risks associated with our direct operations and business decisions, including those in the value chain.
2. 2. Foster Resilient Ecosystems: We strive to improve the resilience of the ecosystems within our direct operations and to invest in initiatives aiming to do the same in priority landscapes.
3. 3. Catalyze Nature Actions: We strive to be a positive contributor to and supporter of a nature-positive future by collaborating with suppliers, trade associations and peers to share knowledge, data and experiences to drive progress.

As we implement our nature strategy, we will seek to further integrate nature considerations into business decision-making tools and processes, including our biodiversity management plans, mitigation hierarchy implementation, and supply chain due diligence, among others.

To learn more, please see our 2024 ANNUAL REPORT ON SUSTAINABILITY

OUR APPROACH

Our Environmental Policy states our commitment to contribute to the conservation of biodiversity, to apply the mitigation hierarchy for all new projects, and to not explore or mine in any UNESCO World Heritage Sites.

As part of our mining and processing activities, we are responsible for management of our land and the associated biodiversity. We are committed to programs to allow us to proactively identify and manage the potential impacts of our operations on biodiversity, land and surrounding ecosystems and, where adverse impacts cannot be avoided, mitigating them. We also considered biodiversity and land use as part of our broader nature strategy.

We focus on biodiversity and land management across the life cycle of our operations and recognize that the mitigation hierarchy is most effective when applied during the earliest phases of project planning. Our sites and subject matter experts on our corporate team collaborate to evaluate each potential project area to identify and share mapping of key features related to biodiversity, cultural resources, water resources and various other environmental factors before a project proceeds. In some cases, these measures may also fulfill regulatory requirements governing project authorizations. Biodiversity, habitat restoration and conservation are also key components of our reclamation plans and activities at our sites.

By applying the mitigation hierarchy, we aim to manage risks and potential impacts with the long-term ambition of No Net Loss for new mines and major expansion projects at existing mines. We have integrated the hierarchy into our existing development process for new projects and trained our environmental teams to routinely apply it to all projects (regardless of size) at operating sites that may disturb natural habitats.

To learn more, please see our 2024 ANNUAL REPORT ON SUSTAINABILITY and biodiversity management plan summaries

OUR APPROACH

FCX is committed to reducing our environmental impact, which includes the effective management of our non-mineral waste (such as recycled material and landfilled waste). We continuously evaluate opportunities to reduce the quantity of non-mineral waste generated at our operations. We seek to apply the standard protocol of reduce, reuse or recycle wherever possible and implement robust practices to identify, categorize, store and manage non-mineral wastes. Through our asset recovery programs, we divert certain materials from landfills, and we strive to increase recycling and reuse of those materials in our operations, taking a circular economy approach whenever possible. We also evaluate our hazardous waste streams and, when possible, substitute materials with lower toxicity into our processes. For wastes that require disposal, we work with third-party handlers to confirm that the treatment, storage and disposal facilities manage the non-mineral waste in line with contractual or legislative obligations.

Our dedicated non-mineral waste management team is composed of subject matter experts from across the company who are responsible for advancing our technical expertise and developing leadership skills through multi-site collaboration. Our experts provide guidance to support global consistency in our non-mineral waste management programs and adherence to FCX’s Environmental Policy.

To learn more, please see our 2024 ANNUAL REPORT ON SUSTAINABILITY

OUR APPROACH

FCX understands that effectively reclaiming disturbed land and responsibly planning for closure of our mining and processing sites contributes to maintaining the trust of our local communities, governments, and other interested stakeholders, and therefore, reclamation and mine closure processes are integral to our site planning and ongoing operations.

We seek to plan and operate our mines in a manner that considers post-mining land use well in advance of mine closure. Likewise, when designing new projects or expanding existing ones, we plan for how the land can be reclaimed once the mine closes.

FCX strives to work in partnership with our host communities (which in many cases include Indigenous Peoples) to define and deliver shared value throughout the mine life cycle. We not only seek to avoid, minimize and mitigate negative impacts from our operations, but also aim to provide long-lasting benefits to our neighbors so they can thrive beyond the life of our mines. At each of our operations, we have mine closure and reclamation plans with site-specific environmental measures designed to minimize long-term impacts, promote ecosystem reestablishment and protect the watersheds where we operate. To support future anticipated closure and reclamation costs, each operating mine site has asset retirement obligations aligned with approved closure plans. Closure plans are periodically updated to incorporate new learnings and additional disturbances associated with new development and expansion projects.

To learn more, please see our 2024 ANNUAL REPORT ON SUSTAINABILITY