September 30, 2024 - Freeport has been named one of the 10 most transparent companies in the United States in new rankings from Labrador, a global communications firm specializing in corporate disclosure documents.

Freeport ranked eighth overall in the assessment based on independent evaluations of corporate disclosure documents among the top 250 companies in the S&P 500. Freeport also finished second both in the materials category and for its proxy statement disclosures.

"Being transparent is the right thing to do and part of the Freeport culture,” said David Joint, Vice President, Investor Relations. “This recognition for excellence in corporate disclosure is a tribute to all the good work done by various reporting teams at Freeport that produce important corporate documents to help our public stakeholders understand our business policies and practices. By effectively telling our story, we are empowering our stakeholders by providing clearer, more accessible information, thus allowing them to better understand our true value."

Companies are judged based on their dedication to building investor and stakeholder trust through clear, concise, and effective communication, according to a news release accompanying the announcement.

This is the first time Freeport has made the top 10 in the Transparency Awards, which are now in their sixth year. Last year, the company ranked 53rd overall and in 2022 placed 19th overall.

Rankings are determined by evaluating proxy statements, Form 10-Ks, ESG/sustainability reports, investor relations websites, and codes of conduct based on objective criteria that blend evolving best practices of corporate reporting and effective communications. The assessment is based on 234 objective criteria that reflect the award’s five pillars of transparency – accessibility, precision, comparability, availability and clarity.

The Transparency Scientific Committee, an independent group of current and former institutional investors, proxy advisors, in-house practitioners and regulators, oversees the objective process.