Fortescue Recognised as Global Leader in ‘Real Zero’ Climate Action

Fortescue has been named among a small group of global companies leading the way on climate action in a new report by Climate Integrity and the Institute for Sustainable Futures at the University of Technology Sydney (UTS). The report highlights Fortescue, IKEA, and Lendlease as pioneers of ‘Real Zero’ strategies—corporate climate plans that aim to eliminate fossil fuel use entirely without relying on carbon offsets.

The findings come as scientific concerns mount following the breach of the 1.5˚C global temperature limit in 2023. The report positions Fortescue as a key example of how large-scale industrial businesses can decarbonise operations rapidly, while maintaining commercial competitiveness.

Commitment to Eliminating Fossil Fuels

Dino Otranto, CEO of Fortescue Metals, welcomed the recognition, stating:

“This acknowledgement reinforces our commitment to showing that heavy industry can move away from fossil fuels—not in the future, but now. Fortescue, along with IKEA and Lendlease, is demonstrating that business can act faster than the science demands, using efficient and lower-cost clean technologies. The fossil fuel era is ending, and we’re positioning ourselves at the forefront of what’s next.”

Real Zero vs. Net Zero

The report notes a shift in climate leadership strategies from traditional ‘net zero’—which often depends on carbon offsets—to ‘real zero’, where emissions are eliminated at the source. According to Climate Integrity Director Claire Snyder, the approach adopted by Fortescue and others is redefining corporate responsibility in tackling climate change.

“Our analysis shows that achieving real zero emissions is not only possible—it’s already happening, and it makes good business sense,” Snyder said. “These companies are reshaping what climate leadership looks like both in Australia and globally.”

Investing in Renewable Energy

Fortescue’s roadmap to Real Zero includes the rapid development of 2–3 gigawatts of renewable energy and battery storage capacity in Western Australia’s Pilbara region. This includes a 190-megawatt solar power project under construction at the Cloudbreak mine.

Cross-Sector Collaboration

In addition to internal investments, Fortescue, IKEA, and Lendlease are collaborating to foster cross-sector partnerships aimed at scaling climate solutions. The companies are calling on others to join a “Real Zero nucleus” to help accelerate the transition to fossil-free operations in Australia and beyond.

As climate risks intensify, the report underscores that proactive, direct decarbonisation strategies are emerging as a viable path forward—not just for environmental impact, but also for long-term business resilience.

Tags: Climate Action, Fortescue, IKEA, Sustainable, Technology
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