VOL. 07  |  ISSUE 1  |  March 2024

2024 All-America Executive Team

Freeport-McMoRan and its top leaders are the best in the business, according to new rankings for the Institutional Investor’s 2024 All-America Executive Team.

Freeport was selected as a Most Honored Company by Institutional Investor, a magazine and website that covers the global investment industry. The company finished first in seven of the eight categories in the metals and mining sector. The company’s board of directors was selected as the best company board in the category.

Also in the mining sector, Richard Adkerson, Chairman and Chief Executive Officer, was named best CEO; Maree Robertson, Senior Vice President and Chief Financial Officer, was ranked as the top CFO; and David Joint, Vice President, Investor Relations, was first in the IR Professional category.

Union Pacific Sustainability Partner Award

Union Pacific Railroad honored Freeport with the railroad’s first Sustainability Partner Award, which acknowledges innovative business practices that reduce environmental impact and effective engagement and collaboration with key stakeholders, including communities and business partners.
Freeport was one of 12 companies honored at a ceremony held at Union Pacific Center in Omaha, Nebraska, in November.

“These companies share Union Pacific’s drive and commitment to finding sustainable ways of doing business that positively impacts our communities, employees and customers, while building a more sustainable tomorrow,” said Union Pacific President Beth Whited.

National Mining Hall of Fame

In October, Richard Adkerson, Chairman and Chief Executive Officer, was inducted into the National Mining Hall of Fame in recognition of his contributions to the global mining industry.

Adkerson is a long-standing member and past chair of the International Council on Mining and Metals, where he has championed initiatives to strengthen environmental and social performance in the mining industry. He is the only person to have served two full terms as Chairman of ICMM.

“Richard is an outstanding, inspirational and visionary leader,” Kathleen Quirk, President, wrote in her letter supporting Adkerson’s nomination. “He inspires our people to reach their full potential and has built a culture of competence, comradery, accountability, inclusiveness, innovation and teamwork.”

Adkerson was the chief architect of the $26 billion “dream come true” purchase of Phelps Dodge Corp. in 2007, at the time the largest mining acquisition in history, which created the modern Freeport.

Commenting on Adkerson’s induction, former Board member, business partner and personal friend, the late Dr. Henry Kissinger, said, “Richard is a preeminent candidate for the National Mining Hall of Fame. He has an extraordinary combination of knowledge about the mining industry, together with its relevance to our national purpose.”

100 Best Corporate Citizens in U.S.

Freeport-McMoRan was named one of the 100 Best Corporate Citizens in the U.S. in annual rankings of the environmental, social and governance practices of the nation’s 1,000 largest publicly traded companies.

Freeport finished 87th out of the top 100 companies overall. It ranked 14th in the minerals industry category, which had the most companies represented in the rankings. This is the 11th time the company has made the list since 2007.

“Our inclusion on the Best Corporate Citizens list for the 11th time overall, and the second year in a row, is a testament to the commitment of Freeport and its employees to safe and responsible production of copper and molybdenum, which are critical to a vast range of products used by consumers, manufacturers and energy providers” said Bill Cobb, Vice President and Chief Sustainability Officer.

The rankings are compiled annually by 3BL Media in partnership with Institutional Shareholder Services as a way to assess the performance of the nation’s largest publicly traded companies on ESG transparency and performance.

S&P Global Sustainability Yearbook

Freeport-McMoRan was included in the S&P Global Sustainability Yearbook for the second year in a row in recognition of its demonstrated strength and performance on environmental, social and governance matters.

Freeport was ranked in the 97th percentile among the more than 200 companies assessed from the Metals and Mining industry. To be included as a Sustainability Yearbook Member, a company must achieve a score within the top 15 percent of its industry and within 30 percent of that industry’s top performer.

“It’s great to see S&P Global continue to recognize Freeport’s efforts to increase the transparency and accountability of our sustainability programs,” said Alexandra Barrows, Director-ESG Relations and Capital Financing. “We communicate frequently with our stakeholders to convey the thoughtfulness and substance of our sustainability strategy and responsible production goals. The Freeport team has had a longstanding commitment to safe and responsible production, which is critical to producing sustainable, long-term value for our all of our stakeholders.”