Fortescue Ltd.
Industry Group: Steel
Country/Region: Australia
Identifier: ASX:FMG
Fortescue is an Australia-based iron ore miner. It has grown from obscurity start of 2008 to become the world's fourth-largest producer. Growth was fueled by debt, now repaid. Expansion from 55 million metric tons in fiscal 2012 to about 190 million metric tons in 2024 means Fortescue supplies around 10% of global seaborne iron ore. Further expansion above 200 million metric tons is likely once its 22 million metric ton Iron Bridge magnetite mine ramps up, likely in 2026 or 2027. However, with longer-term demand likely to decline as China's economy matures, Fortescue's future margins are likely to be below historical averages. More recently, Fortescue diversified into green energy, with ambitions to become a major supplier of green hydrogen and green ammonia. Its efforts are early stage.
ESG Risk Rating
Ranking
Industry Group (1st = lowest risk)
Steel 6 out of 160
Universe
Global Universe 6141 out of 16006
What are the ESG Risk Ratings?
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Industry Comparison
Company | ESG Risk Rating | Industry Rank |
---|---|---|
Fortescue Ltd. |
22.1
Medium
|
6 out of 160 |
Tata Steel Ltd. |
29.2
Medium
|
23 out of 160 |
Nucor Corp. |
31.9
High
|
31 out of 160 |
JSW Steel Ltd. |
35.8
High
|
55 out of 160 |
NIPPON STEEL CORP. |
38.5
High
|
83 out of 160 |
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Our Approach to Calculating ESG Risk
The ESG Risk Ratings measure a company's exposure to industry-specific material ESG risks and how well a company is managing those risks.
Exposure
Exposure refers to the extent to which a company is exposed to different material ESG issues. Our exposure score takes into consideration subindustry and company-specific factors such as its business model.
Fortescue Ltd.'s Exposure is High
Management
Management refers to how well a company is managing its relevant ESG issues. Our management score assesses the robustness of a company's ESG programs, practices and policies.
Fortescue Ltd.'s Management of ESG Material Risk is Strong
How do the ESG Risk Ratings work?
Top Material ESG Issues for Fortescue Ltd.
Understand how exposed companies are to specific material ESG issues and how well companies are managing these issues.
![blurred material ESG issues](/ResourcePackages/Sustainalytics/assets/img/company-rating/mei-blur.png)
What are Material ESG Issues?
Material ESG issues are issues that are considered to be financially material to a given company in a relevant sub-industry.
Controversy Rating
Highest Controversy level that has impacted Fortescue Ltd.'s ESG Risk Rating in the last three years
Highest Controversy Level
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Contributing Events
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Highest Controversy Events Locations
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