Freeport-mcmoran, Inc. · NYSE:FCX
Freeport-mcmoran — ESG Presentation (June 2025)
43 slides from Freeport-mcmoran's sustainability presentation, June 2025
Slide 1: FCX Sustainability Overview
FCX Sustainability Overview June 2025 fcx.com All Operating Sites
Slide 2: Cautionary Statement
Cautionary Statement This presentation contains forward-looking statements. Forward-looking statements are all statements other than statements of historical facts, such as plans, projections, expectations, targets, objectives, strategies, commitments or goals relating to business, environmental, so
Slide 3: Table of Contents
Table of Contents FCX Sustainability Overview 6 Empowered People and Resilient Communities 10 Thriving Environments 16 Robust Governance 24 Appendix 31 3
Slide 4: Freeport: Foremost in Copper
Freeport: Foremost in Copper FCX is a fully integrated metals producer with geographically diverse operations ▸ High Quality Assets STOWMARKET, U.K. Molybdenum Processing ▸ Control & Operate All FORT MADISION, IA ROTTERDAM, THE NETHERLANDS Major Assets Molybdenum Processing Molybdenum Processing HEN
Slide 5: Copper – Metal of Electrification
Copper – Metal of Electrification More than 65% of the world’s copper is used in applications that deliver electricity* INFRASTRUCTURE TECHNOLOGY DECARBONIZATION TRANSPORTATION • Backbone of construction • Demand expected to • Critical to energy efficiency • Essential material and urbanization benef
Slide 6: FCX is a Leading Responsible Copper Producer
FCX is a Leading Responsible Copper Producer FCX supplies approximately 8.5% of the world’s mined copper FCX’s Sustainability Strategy: Accelerate the Future, Responsibly FCX’s sustainability strategy – Accelerate the Future, Responsibly – is designed to achieve enduring progress and to meet anticip
Slide 7: Sustainability Strategy Aligns with International Best Practices
Sustainability Strategy Aligns with International Best Practices Voluntary Memberships & Commitments: Sustainability Reporting Frameworks: Note: All FCX operating sites have been awarded the Copper Mark and Molybdenum Mark, as applicable. See slide 9 for more information. 7
Slide 8: Recent Sustainability Highlights & Accolades
Recent Sustainability Highlights & Accolades 100% $210 Climate Strategy Global Tailings Standard 89% of our operating sites maintain the Copper Million+ progressing transition from implementation completed water use efficiency achieved in 2024 Mark and Molybdenum invested in our coal to natural gas
Slide 9: The Copper Mark
The Copper Mark Recognition for Responsible Production FCX AWARDED SITES • The Copper Mark is an assurance framework developed Atlantic Copper smelter Henderson mine (CO) to demonstrate the copper industry’s responsible production practices & refinery (Spain) Miami smelter, mine Bagdad mine (AZ) & r
Slide 10: Empowered People and Resilient Communities
Empowered People and Resilient Communities
Slide 11: Health, Safety & Well-being
Health, Safety & Well-being Safety is a core company value and is foundational to our work • Our global safety strategy – Safe Production Matters – is focused on fatality prevention, eliminating systemic root We put safety first — for ourselves, for our causes of incidents and continuous improvement
Slide 12: Workforce
Workforce Global Workforce • FCX believes our people are the foundation (as of December 31, 2024) of our success and a competitive advantage • Top priority is to equip our employees to EMPLOYEES lead their teams to safely and responsibly (~28,500) deliver on our strategy, both now and in the future
Slide 13: Workplace Culture
Workplace Culture Committed to a culture that is inclusive and representative of the communities where we operate Global Employees (as of December 31, 2024; excludes contractors) 52% Racially or 97% Indonesian 16% 23% 99% Local Country 14.8% Ethnically Diverse Representation Under 30 Over 50 Nationa
Slide 14: Communities & Indigenous Peoples
Communities & Indigenous Peoples Community resilience focus areas seek to support our overarching effort to support long-term resilience across our three pillars: FCX works in partnership with our host communities and Indigenous Peoples to earn and maintain their trust and to contribute to long-term
Slide 15: Indigenous Peoples & Cultural Heritage
Indigenous Peoples & Cultural Heritage • Dedicated to the continued strengthening of our relationships with Indigenous Peoples across all of our sites • We have formal interactions with Indigenous Peoples in Central Papua, Indonesia; Native Americans in the United States; and the traditional communi
Slide 16: Thriving Environments
Thriving Environments
Slide 17: Environmental Stewardship
Environmental Stewardship FCX spent approximately $600 million on our environmental programs in 2024 • Committed to sound environmental practices at our operations and seek continuous improvement • All operations’ Environmental Management Systems certified to the ISO 14001:2015 standard • Environmen
Slide 18: Climate Strategy – Recent Progress
Climate Strategy – Recent Progress Climate Strategy Pillars: 1 REDUCTION 2 RESILIENCE 3 CONTRIBUTION Reduce GHG Enhance resilience to Contribute responsibly produced emissions including climate change risks for copper to support the global energy achieving our 2030 our operations, our host transitio
Slide 19: Water Stewardship
Water Stewardship We recognize that water is essential to our operational sustainability and to our communities FCX GLOBAL WATER MANAGEMENT GOALS: We utilized We achieved 1 Optimize water use efficiency in our processes 5X MORE 89% recycled water water use Minimize use of new freshwater at our than
Slide 20: Nature
Nature As a global metals company, we depend upon nature and its naturally occurring resources FCX’s Nature Strategy: FCX is committed to aligning with the Minimize Nature-Related Risks: We strive to Taskforce on Nature- reduce, manage and mitigate nature-related risks Related Financial 1 associated
Slide 21: Biodiversity
Biodiversity • FCX aims to avoid or minimize the adverse impacts of our operations on biodiversity • Commitment not to explore or mine at any UNESCO World Heritage sites • FCX maintains extensive biodiversity conservation programs globally • Committed to applying the mitigation hierarchy to all new
Slide 22: Tailings Management
Tailings Management Safety is at the foundation of our tailings management approach • More than 20-year evolution of FCX’s tailings management FCX’s dedicated Tailings Innovation Group system is underpinned by expert, third-party reviews and is focused on evaluating alternative tailings multi-tiered
Slide 23: PTFI Controlled Riverine Tailings
PTFI Controlled Riverine Tailings Best site-specific management alternative with lowest risk to people and the environment • PTFI’s controlled system was selected after extensive evaluations by international experts given the extreme terrain and site-specific conditions of the operating area • A lar
Slide 24: Robust Governance
Robust Governance
Slide 25: Sustainability Governance
Sustainability Governance Strong governance is foundational to our sustainability strategy • Active oversight from FCX’s Board of Directors and dedicated Board-level Corporate Responsibility Committee • Sustainability embedded in values and business strategy and cascades to leadership at the sites •
Slide 26: Board of Directors
Board of Directors Exceptional and highly engaged Board focused on FCX’s continued success Our directors contribute a range RICHARD ADKERSON DUSTAN MCCOY of experience, tenure Chairman of the Board Lead Independent and perspectives Director of the Board creating an effective balance of institutional
Slide 27: Board of Directors
Board of Directors Strong balance of tenure, skills and experience to support effective oversight and long-term value creation Experience, Qualifications Board Composition & Skills Out of 12 Board Members 17% 58% Out of 12 Board Members Over 12 0-4 Years Years 25% 5-12 Independent Years Average Tenu
Slide 28: Effective Independent Board Oversight
Effective Independent Board Oversight Current Board leadership structure is in the best interest of FCX and its shareholders at this time Balance between strong company leadership and appropriate safeguards and oversight by independent directors RICHARD C. ADKERSON DUSTAN E. MCCOY Chairman of the Bo
Slide 29: Human Rights
Human Rights We are committed to respecting the rights of all people • Committed to respecting internationally recognized human rights as We are an enabling partner for set out in the International Labour Organization’s Declaration on Fundamental Principles and Rights at Work and the UN Declaration
Slide 30: Responsible Value Chains
Responsible Value Chains Dedicated to delivering responsibly produced copper to markets around the world • Responsible value chain program focuses across three key areas: STRATEGY 1. Responsible Sourcing for Goods (including AND BUSINESS PARTNER CODE Minerals & Metals) and Services OF CONDUCT 2. Pro
Slide 31: Appendix
Appendix
Slide 32: FCX’s Values
FCX’s Values Our culture is the bedrock of our sustainability strategy, aligning our core company values to our work Safety We put safety first — for ourselves, our co-workers and our communities — by actively promoting safe practices and health and wellness. No job is so important and no schedule s
Slide 33: Executive & Senior Leadership
Executive & Senior Leadership Broad and experienced management expertise Executive Officers RICHARD ADKERSON KATHLEEN QUIRK DOUGLAS CURRAULT STEPHEN HIGGINS MAREE ROBERTSON Chairman of the Board President and Executive Vice President Executive Vice President and Executive Vice President and Chief Ex
Slide 34: International Council on Mining & Metals (ICMM)
International Council on Mining & Metals (ICMM) FCX is a founding member of ICMM ICMM aims to continuously set the standard and strengthen sustainability • International organization dedicated to a safe, fair performance across the global mining and and sustainable mining and metals industry metals
Slide 35: Transitioning Power at Grasberg
Transitioning Power at Grasberg Offshore • Completed feasibility study to replace existing coal plant at Grasberg with a new LNG Carrier 265 MW gas-fired combined cycle power plant LNG transfer • ~$1 billion project (incremental ~$0.4 billion compared to previous plans to Floating Storage & refurbis
Slide 36: Implementing Autonomous Haulage at Bagdad
Implementing Autonomous Haulage at Bagdad • Bagdad expected to become first U.S. mine with a fully autonomous haulage system • Converting existing manned fleet (33 trucks in total) to 100% autonomous – CAPEX ~$80 million – Target completion YE 2025 • Potential for efficiency gains and productivity i
Slide 37: Climate Performance Update
Climate Performance Update Our 2024 absolute GHG emissions (Scope 1 & 2) were lower than 2018 baseline year levels 5-Year Global Absolute GHG Emissions 2024 Global GHG Emissions (Scope 1 & 21) Scope 1 Scope 2 2024 2024 GHG 2024 GHG PURCHASED EMISSIONS BY EMISSIONS BY POWER BY BUSINESS TYPE (%) SOURC
Slide 38: Long-Term Decarbonization Plan
Long-Term Decarbonization Plan FCX aspires to participate in – and positively contribute to – a 2050 net zero economy ILLUSTRATIVE NET ZERO PATHWAY1 2024 2030 2050 Decarbonization Levers 1 Decarbonizing Electricity Supply 2 Equipment Electrification 3 Energy & Asset Efficiency 4 Process Innovation 2
Slide 39: Corporate Governance Highlights
Corporate Governance Highlights Strong Board oversight and governance practices Board Structure and Governance Stockholder Rights and Engagement • Active Board and committee oversight of risk • Stockholder proxy access • Lead Independent Director of the Board with clearly • Majority voting for direc
Slide 40: Executive Compensation
Executive Compensation Shareholder-informed program drives pay-for-performance alignment Element 2024 Components • Fixed cash compensation Base Salary • Set at competitive levels and used to attract and retain talent 10% Sustainability • Annual variable cash compensation based on pre-established per
Slide 41: Executive Compensation
Executive Compensation Performance-based program links executive pay, company performance and results for stockholders 2024 CEO Target Compensation Mix* Executive Compensation Philosophy: EQUITY CASH Pay for performance by linking a significant portion of our executive officers’ pay to our long- 19%
Slide 42: Additional Sustainability Resources
Additional Sustainability Resources Visit FCX.com/sustainability for additional resources. 2024 Annual Report on Sustainability 2024 Annual Report 2025 Proxy Statement Sustainability at PTFI 42
Slide 43: Powering Progress
P O W E R I N G P R O G R E S S FCX.COM 43