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Freeport-McMoRan

Freeport-McMoRan Inc. is an international mining company based in Phoenix, Arizona in the United States. The company is a leading producer of copper, gold and molybendum, operating primarily in North America, South America and Indonesia via 12 active mining sites. In 2022, Freeport earned USD 22.8 billion in revenues and employed 25,600 people.

Summary

Freeport-McMoRan ranks 6th overall and 4th in the Extractives sector. It ranks 1st overall on embedding respect and human rights due diligence. It has an opportunity to improve its disclosure on human rights practices.

Freeport-McMoRan has the highest score in the benchmark for its disclosure human rights due diligence. It is the only company in the benchmark to disclose how the views and experiences of affected stakeholders have informed both board level discussions on human rights as well as the company’s overall human rights approach. It is one of the four extractives companies that disclose how resources and expertise are allocated for the day-to-day management of human rights both within its own operations and business partner operations.

The company has an opportunity to disclose its corrective action process for non-compliance with its human rights policies. It could also disclose how it reviews its human rights grievance mechanism and how lessons from the evaluation are used to improve the company’s overall human rights approach.

Ranking position: #6 /110
Total score: 48.3 /100

Measurement theme	Score	Rank (0-110)
Governance and policy commitments	#1 5.6 /10	#4
Embedding respect and human rights due diligence	#1 19.7 /25	#1
Remedies and grievance mechanisms	#1 9.5 /20	#8
Performance: Practices	#1 9.7 /25	#16
Performance: Responses	#1 3.8 /20	#36

Sector
Extractives	#4

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2020

This company is part of the SDG2000, the 2,000 most influential companies

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