Our sustainability strategy is designed to meet our ambition and achieve enduring progress and is comprised of four components, which we outline in greater detail below:

OUR BELIEFS
The ideologies that shape our focus and drive action against our most important priorities.

OUR SUSTAINABILITY PILLARS
The three priority focus areas that help build a more sustainable future for our business and stakeholders.

OUR CRITICAL ENABLERS
The capabilities that support our pillars and create the momentum needed to continuously evolve and deliver on our commitments now and in the future.

OUR VALUES
The bedrock of our culture and the foundation upon which all our commitments, including our ESG efforts, are built.

OUR BELIEFS

• Increased global demand for copper should be met responsibly. 
• The challenges of tomorrow demand innovation. 
• Rising ESG expectations are an opportunity to create greater value. 
• Resilience and adaptability are essential characteristics and priorities for any organization striving to achieve enduring ESG progress. 
• Transparency and accountability are crucial to building and maintaining trust.

OUR SUSTAINABILITY PILLARS
Our strategy also seeks to create greater clarity on the outcomes we are working to achieve across our three sustainability pillars:

OUR CRITICAL ENABLERS
We seek to deliver our sustainability strategy through four critical enablers:

OUR VALUES

Our culture is the bedrock of Freeport’s sustainability strategy, aligning our core company values to our work. Our core values direct the decisions we make as a company and as individual employees. These values represent who we are and how we work — everyone, everywhere, every day.

• 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 so urgent that time cannot be taken to plan and perform work in a safe manner.
• Respect 
  We treat each other and our stakeholders with respect. We value the diversity, ideas, perspectives and experiences of our employees and our stakeholders.
• Integrity 
  We are honest, transparent and responsible, and we do what we say we will do.
• Excellence 
  We pursue excellence in our work by taking pride in what we do and always doing our best. We collaborate to create and implement innovative ideas and to develop solutions to issues and concerns.
• Commitment 
  We are committed to contributing to the long-term sustainability of the environment and communities where we work. We hold ourselves accountable for our environmental and social performance.

To learn more, please see our 2021 ANNUAL REPORT ON SUSTAINABILITY

Consistently executing our sustainability strategy means integrating sustainability into everything we do and enhancing our focus on responsible production. We are proud to play a leading role in setting the industry benchmark for responsible copper production by collaborating with stakeholders to innovate and drive change.

Defining and implementing responsible production at FCX is an iterative process with continuous improvement at its core. The graphic below provides a visual depiction of this process. Ongoing stakeholder engagement is fundamental to informing our policies and processes as well as the voluntary commitments to which we subscribe. Collectively these inputs inform our definition of responsible production and help us define our strategic focus areas and performance targets. We then integrate these commitments, policies and practices into our risk register process, which drives our actions. Regular measurement and reporting support our understanding of our current performance, including any gaps, and the actions we need to take to improve. Third-party validation of the implementation of our commitments at our operating sites and at the corporate level provides validation of our actions. At the foundation of this iterative process is robust governance which is critical to embedding responsible production across the business.

To learn more, please see our 2021 ANNUAL REPORT ON SUSTAINABILITY