FMG launches zero-emissions roadmap

Fortescue (ASX: FMG) has launched the third iteration of its climate transition plan at the Global Renewables Summit in New York as part of Climate Week NYC.

The event was organised by Climate Group and Fortescue, with support from the Global Renewables Alliance, and was attended by heads of state, government leaders, business executives and financiers discussing ways to accelerate the deployment of zero-emissions technologies and unlock the full potential of the renewable energy transition.

Fortescue’s updated plane refines its path to the Real Zero target and demonstrates the progress the company has made has made since the launch of Real Zero in 2022.

Fortescue founder and executive chairman Dr Andrew Forrest says the company’s climate transition plan is another tangible demonstration of decarbonisation in action and urged participants in the roundtable to match Fortescue’s ambition.

“Our climate transition plan is more than a strategy — it’s a roadmap for how industry can decarbonise at scale,” he said.

“We’ve demonstrated that green energy isn’t just achievable but is profitable, reliable and transformative. Now, it’s time for all of us to match that ambition and accelerate the global energy transition.”

The development of the plan has been aligned with high-ambition global frameworks, including the UN Race to Zero Coalition, the Transition Plan Taskforce framework and disclosure standards set by the International Financial Reporting Standards and the Australian Sustainability Reporting Standard (AASB S2).

To develop the plan, Fortescue incorporated feedback from leading scientific reviewers at the University of Technology Sydney, alongside an external review led by University of Oxford sustainable finance group director Professor Caldecott and Fortescue chief climate scientist Dr Shanta Barley’s deep scientific and policy expertise.

Fortescue metals and operations chief executive Dino Otranto says a transition plan must be transparent, accountable and regularly reviewed so ambition becomes action.

“As nations set their 2035 climate goals, business must do the same — with science-based targets backed by industrial delivery,” he said.