Australia's Fortescue Metals will announce self regulated emissions targets

Australia's Fortescue Metals Group will announce carbon emissions reducing targets it has set itself for itself next month. 

"The really big steps for the creation of steel delivered to customers to be decarbonised has to be first the big one - create green iron ore," said Andrew Forrest, Fortescue's founder and chairman during a briefing on the company's reported record earnings.

The group said that it will become the first major supplier of green iron ore.