Ukrainian iron ore pellet producer Ferrexpo has once again been recognized among Europe’s Climate Leaders, appearing on the 2025 list compiled by the Financial Times and Statista. This marks the third consecutive year that Ferrexpo has been included, underscoring its leadership not only in iron ore production but also in climate-conscious industrial practices.
The Europe’s Climate Leaders ranking highlights companies that have achieved the most substantial reductions in greenhouse gas emissions intensity — measured by emissions per unit of revenue — between 2018 and 2023. Ferrexpo ranked in the top quartile of its sector, a notable achievement for one of Ukraine’s most resilient industrial players amid ongoing national challenges.
A key driver of Ferrexpo’s success has been its Green Mine program, which includes initiatives such as electrifying mining equipment, introducing trolley-assist systems, and using battery-powered locomotives. These efforts have helped the company cut gas consumption by 30% since 2015 through biofuel adoption and launch a 5 MW solar power plant in 2021.
Looking ahead, Ferrexpo plans to invest $3.3 billion in decarbonization efforts by 2050. Part of this strategy includes building an additional 10.8 MW solar facility to support the company’s energy needs. Ferrexpo’s commitment places it among the few Eastern European companies actively aligning with global climate and sustainability goals.
