Ethical Profile
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FERREXPO PLC.
FXPO.LSE | Mining of iron ores
Ferrexpo PLC is a leading iron ore pellet producer, headquartered in Switzerland with mining and processing operations in Ukraine. The company's primary activity is the extraction, processing, and sale of high-grade iron ore pellets, which are used in steel production. Ferrexpo operates several iron...Show More
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Value Scores
Better Health for All0
-100100
Fair Money & Economic Opportunity0
-100100
Fair Pay & Worker Respect0
-100100
Fair Trade & Ethical Sourcing-10
-100100
Honest & Fair Business0
-100100
Kind to Animals0
-100100
No War, No Weapons0
-100100
Planet-Friendly Business-60
-100100
Respect for Cultures & Communities0
-100100
Safe & Smart Tech0
-100100
Zero Waste & Sustainable Products0
-100100
Better Health for All
0
No evidence available to assess FERREXPO PLC on Better Health for All.
Fair Money & Economic Opportunity
0
No evidence available to assess FERREXPO PLC on Fair Money & Economic Opportunity.
Fair Pay & Worker Respect
0
No evidence available to assess FERREXPO PLC on Fair Pay & Worker Respect.
Fair Trade & Ethical Sourcing
-10
Ferrexpo reported no incidences of non-compliance with labour standards in 2019 and 2020.
1
In 2024, 94% of supplier contracts referenced the company's Code of Conduct for Suppliers, which covers human rights, anti-slavery, and anti-trafficking. 2
In the same year, 15.2% of the spend on goods and materials was directed to local and regional suppliers within Ukraine. 3
Honest & Fair Business
0
No evidence available to assess FERREXPO PLC on Honest & Fair Business.
Kind to Animals
0
Ferrexpo initiated a project in November 2020 to restock the River Dnieper with approximately 7,000 silver and grass carp
1
, with annual continuation planned 2
, though results are expected within three to four years 3
. The company regularly plants 400-500 trees a year on average for the past 15 years 4
, 5
, including over 1,500 native trees in 2020 as part of the Greening Ukraine initiative to restore ecosystems 6
, 7
. Ferrexpo's operations are located within an Important Bird Area 8
, 9
, and the company has developed a Zoo-biota interactive map identifying 58 species from the Red Book of Ukraine in the vicinity of its operations 10
, 11
. Additionally, the company assisted in the relocation of animals from zoological parks in eastern Ukraine 12
.No War, No Weapons
0
No evidence available to assess FERREXPO PLC on No War, No Weapons.
Planet-Friendly Business
-60
Ferrexpo's total Scope 1, 2, and 3 emissions were 9,485,124 tCO2e in 2024
1
, an increase from 6,082,309 tCO2e in 2023 2
. The company aims to adopt science-based targets in the future and is currently reviewing the possibility, with modelling demonstrating achievability 3
, but no SBTi-validated targets are in place. In 2024, 8% of the company's energy consumption was sourced from renewables 4
. A Life Cycle Assessment (LCA) has been carried out for its DR iron ore pellets 5
. The company reported zero environmental fines or non-monetary sanctions in both 2023 and 2024 6
. Ferrexpo's reports are aligned with TCFD recommendations 7
, and it has updated its TCFD analysis, identifying new climate change risks and opportunities 8
. It models four climate scenarios from the IEA and IPCC, addressing transition and physical risks across short, medium, and long-term timeframes 9
. Biodiversity efforts include tree planting 10
, restocking the River Dnieper with fish 11
, and developing a Zoo-biota interactive map 12
.Respect for Cultures & Communities
0
No evidence available to assess FERREXPO PLC on Respect for Cultures & Communities.
Safe & Smart Tech
0
No evidence available to assess FERREXPO PLC on Safe & Smart Tech.
Zero Waste & Sustainable Products
0
No evidence available to assess FERREXPO PLC on Zero Waste & Sustainable Products.
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