Freeport-McMoran Copper & Gold Inc.
FCX.US | Mining of other non-ferrous metal ores
Freeport-McMoRan Inc. is a leading international mining company with headquarters in Phoenix, Arizona. The company operates large, long-lived, geographically diverse assets with significant proven and probable reserves of copper, gold, and molybdenum. Freeport-McMoRan's portfolio of assets includes ...Show More
Better Health for All
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Freeport-McMoRan's core business of mining copper, gold, and molybdenum has a neutral direct health impact on end-users, with no revenue from products with direct negative health outcomes. The company incurred $0.6 billion in environmental capital expenditures and other environmental costs in 2024 to protect public health and the environment, often exceeding compliance requirements.
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Its Cerro Verde operation in Peru contributed $9.7 million in 2023
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and a cumulative $256 million from 2005 to 2023 to the Arequipa community, investing in sanitation projects, water infrastructure, and health programs.
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The company also invests in malaria and HIV prevention and community health initiatives.
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For mental health, Freeport-McMoRan provided mental well-being support and resources to employees, particularly during the COVID-19 pandemic,
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and supports employee well-being generally.
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Several health-related KPIs, including safety record, price accessibility, vulnerable reach, risk transparency, health innovation investment, health equity programs, healthcare workforce support, preventative health measures, healthcare data responsibility, global health crisis response, pharma patent flexibility, nutrition and food safety, healthcare education, addiction mitigation, and clinical trial ethics, are omitted due to a lack of specific, quantifiable evidence or direct applicability to the company's core business.
Fair Money & Economic Opportunity
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Freeport-McMoRan is a mining company and does not operate as a financial institution offering lending, insurance, or deposit services to consumers. Therefore, the KPIs for 'Fair Money & Economic Opportunity', which are designed to assess financial institutions' impact on fair financial services and wealth building, are not applicable. While the company contributes to economic development through job creation
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, grants for economic development
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, and support for small businesses and financial capability initiatives in communities
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,
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, these activities do not directly align with the specific financial product and service metrics evaluated by this rubric.
Fair Pay & Worker Respect
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In 2024, Freeport-McMoRan reported a Total Recordable Incident Rate (TRIR) of 0.52 per 200,000 hours.
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However, in 2024, two contract delivery personnel were fatally injured in separate incidents
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, and in September 2025, a mud rush incident at the Grasberg Block Cave mine resulted in two confirmed fatalities and five missing team members.
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The company stated that compensation for all applicable FCX employees met BSR’s living wage benchmarks for their respective locations for several years up to 2024.
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In 2024, the gender pay equity gap ratio and the U.S. race and ethnicity pay equity gap ratio were both more than 0.995 to 1.
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The global full-time employee turnover rate was 9% in 2024.
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Approximately 28% of the global employee population was covered by collective bargaining agreements in 2024.
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Healthcare options with affordable premiums are offered globally to eligible employees and their families
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, with over 87,000 people from seven tribes in Mimika registered with BPJS as of March 2025.
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The company received 377 Compliance Line reports in 2024, with about 11% being fully or partially substantiated.
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Additionally, at least four substantiated workplace safety or health violations with penalties were recorded between 2023 and 2025, including a $42,860 penalty in 2023
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and a $41,184 penalty in 2025.
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Fair Trade & Ethical Sourcing
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Freeport-McMoRan has achieved Copper Mark certification at all its eligible copper sites
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, which requires independent assessment against ESG criteria, including human rights and labor practices
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. The company is expanding into Molybdenum Mark
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and has been recognized by the Responsible Minerals Initiative for ethically processing responsibly sourced cobalt at its Kokkola refinery
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. FCX maintains a Human Rights Policy
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and a Business Partner Code of Conduct
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to ensure ethical standards and compliance with laws
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.
Honest & Fair Business
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Freeport-McMoRan was ranked eighth overall in the S&P 500 for transparency by Labrador in September 2024.
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By February 2023, the company achieved the Copper Mark at all its eligible copper-producing sites, providing independent verification of responsible production practices.
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In 2023, Freeport updated its human rights saliency assessment
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and implemented robust governance structures emphasizing core values to guide compliance with laws and ethical behavior.
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Kind to Animals
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Freeport-McMoRan undertakes various wildlife conservation and habitat restoration initiatives. These include a river restoration project in Arizona and mangrove reforestation in Papua, Indonesia, which restored 130 hectares with over 90% survival rate.
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The company also focuses on protecting endangered species such as the guanaco and Peruvian long-snouted bat in Peru,
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bats generally,
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New Guinea Singing Dogs,
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Rocky Mountain Bighorn sheep,
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whooping cranes,
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and Mississippi sandhill cranes.
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The company's efforts have been recognized by the Wildlife Habitat Council
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and the Verde River Restoration Project received a sustainability award.
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However, the provided articles do not include quantitative data on the percentage of revenue invested in these conservation efforts, which is a specific threshold required by the rubric for scoring the 'wildlife_conservation_impact' KPI. No evidence was found for other KPIs related to animal testing, animal agriculture, or ethical sourcing.
No War, No Weapons
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No evidence available to assess Freeport-McMoran Copper & Gold Inc on No War, No Weapons.
Planet-Friendly Business
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Freeport-McMoRan's total Scope 1, 2, and 3 greenhouse gas emissions were approximately 14.5 million metric tons of CO2e in 2024.
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The company reported 14 Notices of Violation (NOVs) related to environmental compliance in 2024, and has incurred over $163 million in environment-related penalties since 2000.
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FCX is not planning to use carbon offsets to achieve its 2030 GHG targets.
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The company is committed to validating its 2030 GHG targets with the Science Based Targets initiative (SBTi) but validation is pending.
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In 2023, 16% of the company's operational energy consumption was from renewable sources.
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The company recycled 49% of its non-mineral waste in 2024.
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FCX completed a global climate change scenario analysis in 2021, considering physical and transition risks across ~4°C, ~2.5°C, and ~1.5°C pathways.
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Respect for Cultures & Communities
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Freeport-McMoRan demonstrates active engagement in cultural and community initiatives. The company's Minera El Abra operation supports the preservation of indigenous cultures and traditions, including geoglyph preservation.
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Its Cerro Verde company has been recognized for art and cultural conservation, restoring historic sites and supporting mural preservation, contributing to UNESCO World Cultural Heritage site status.
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Freeport-McMoRan expanded its Native American Scholarship Program with a $6 million commitment to support 200 students by 2026.
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Freeport-McMoRan also formed the Copper Collaborative for community planning in New Mexico
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and supported an indigenous-owned coffee cooperative in Papua since 2000.
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Additionally, Minera El Abra launched a program to equip indigenous leaders with skills in cultural preservation.
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Safe & Smart Tech
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Freeport-McMoRan experienced a cybersecurity incident in August 2023
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, where unauthorized actors accessed personal information of 1,300 individuals
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, including names, Social Security numbers, and email addresses, between August 8 and August 11
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. Notification of this breach was made on September 8, 2023
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. The company initiated an investigation with third-party experts and law enforcement
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, noting a limited impact on production
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. Freeport-McMoRan has a cybersecurity program aligned with NIST standards
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, which includes annual assessments and end-user training
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, with oversight from its audit committee
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. However, the company does not maintain cyber risk insurance
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.
Zero Waste & Sustainable Products
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Freeport-McMoRan integrates circular economy principles within its mining sector operations, utilizing innovative technologies to minimize waste, maximize recycling, and establish partnerships with recycling firms to convert waste streams into valuable resources
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. The company also engages in equipment recycling
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.