Ferrexpo PLC 2024 AR2
The report highlights Ferrexpo's operational resilience during the third year of the war in Ukraine, marked by a 66% increase in production to 6.9 million tonnes due to the reopening of Ukrainian Black Sea ports. Despite these achievements, the company faced a 30% decrease in EBITDA to US$69 million and recorded a loss of US$50 million, heavily impacted by a non-cash impairment of US$72 million and rising electricity costs. Ferrexpo continued to support its workforce and local communities, contributing US$28 million in humanitarian aid since February 2022 and maintaining a fatality-free operation for the fourth consecutive year. Additionally, the company advanced its 'Green Mine' initiative for fleet electrification and published its second Climate Change Report outlining pathways to Net Zero by 2050.
Company: Ferrexpo PLC
Sector: Mining & quarrying
Country: Switzerland
Year: 2024
Type: AR2
Pages: 248
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Ferrexpo PLC
Annual Report & Accounts
The report highlights Ferrexpo's operational resilience during the third year of the war in Ukraine, marked by a 66% increase in production to 6.9 million tonnes due to the reopening of Ukrainian Black Sea ports. Despite these achievements, the company faced a 30% decrease in EBITDA to US$69 million and recorded a loss of US$50 million, heavily impacted by a non-cash impairment of US$72 million and rising electricity costs. Ferrexpo continued to support its workforce and local communities, contributing US$28 million in humanitarian aid since February 2022 and maintaining a fatality-free operation for the fourth consecutive year. Additionally, the company advanced its 'Green Mine' initiative for fleet electrification and published its second Climate Change Report outlining pathways to Net Zero by 2050.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Scope 3:
Energy Consumption
Women on Board
Women in Management
Workplace Fatalities
Net Zero Target
Employees