Ferroport’s 2023 Sustainability Report Highlights 100% Renewable Energy and Record Iron Ore Shipments

Ferroport, a joint venture between mining company Anglo American and Brazil’s Prumo Logística, released its 2023 Sustainability Report on Monday, August 19, highlighting progress and challenges in environmental, social, and governance (ESG) areas. The operator of the iron ore terminal at Porto do Açu, located in São João da Barra in northern Rio de Janeiro state, Ferroport has transitioned to using 100% renewable electricity generated by a wind power plant in its operations. Annually, the plant consumes 37,000 MWh of energy, equivalent to the consumption of around 6,000 households.

In its third Sustainability Report, prepared in accordance with Global Reporting Initiative (GRI) standards, the company reaffirms its commitment to transparency and accountability, focusing on operational efficiency, safety, and socio-environmental responsibility, contributing to the sustainable development of both the business and society. In 2023, Ferroport shipped over 24 million tonnes of iron ore, 3 million more than in 2022, across 145 vessels loaded at the terminal, bringing the total to over 160 million tonnes since operations began in 2014. The primary destinations for these shipments were Bahrain (44%), China (29%), Mexico (14%), the Netherlands (5%), Japan (4%), India (3%), and Algeria (1%).

In addition to advancements in operational aspects, the financial results for the year were positive, with a net profit of R$489 million, a 3.4% increase over 2022. To maintain increasingly efficient and sustainable operations, Ferroport launched the “On Track to 30!” [Rumo aos 30!] program, preparing for the goal of handling 30 million tonnes of iron ore annually. The program is robustly and collaboratively structured, with pillars including “Ensuring Operational Availability and Reliability” and “Thinking ESG,” aimed at implementing actions that ensure efficient and sustainable operations.

Last year, one of the key initiatives under the “On Track to 30!” program was the development of the Decarbonization Plan for Ferroport’s operations, leading to the achievement of the Gold Seal from the Brazilian GHG Protocol Program for the first time, in recognition of its 2022 Greenhouse Gas (GHG) inventory. This certification represents the highest level of recognition in the program, which measures emissions responsible for global warming and is awarded to institutions that meet all technical specifications and submit their inventories for audit by a verification body accredited by the National Institute of Metrology, Quality, and Technology (Inmetro).

Ferroport also improved its score on the National Agency for Waterway Transportation (Antaq) ‘s Environmental Performance Index (IDA), increasing from 87.14 to 99.18. As a result, Antaq recognized Ferroport as 5th in the major category of the Environmental Performance Index for private-use terminals. Demonstrating its commitment to ESG, Ferroport was also rated at the superior level in 2023, with an overall average of 9.53 on the ESG rating, according to the criteria of consulting firm ERM NINT, a leader in corporate sustainability performance evaluation.

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