RIO TINTO PLC (RIO)

Rio Tinto is a global mining and metals group that reports through four product groups: Iron Ore, Aluminium, Copper and Minerals. It operates about 30 operating and refining assets, and more than 50 operating sites, across several countries. Its iron ore business is centred on the Pilbara region of Western Australia.

Its aluminium operations include facilities in Gladstone, Queensland, supplied with water from Awoonga Dam. Its copper business includes mining sites with tailings and waste rock facilities. Its minerals activities include the Havre-Saint-Pierre ilmenite mine in Quebec, Canada, and Richards Bay Minerals in South Africa.

The excerpt does not describe customers or end markets in detail, but it indicates that the company's operations span the full asset life cycle, from exploration through production to closure and post-closure. The text mainly covers the company's approach to environmental, social and governance matters. Rio Tinto is a member of the International Council on Mining and Metals (ICMM) and reports against the Global Reporting Initiative standards.

It has prioritised 28 of its 30 operating assets for third-party validation against the ICMM Performance Expectations, and 12 priority assets were validated on site in 2024. Its Sustainability Committee oversees social and environmental risks, while the Board directly oversees climate change. Stated targets include reducing Scope 1 and 2 emissions by 15% by 2025 and 50% by 2030 against 2018 levels, and reaching net zero by 2050.

Other targets cover safety, health, local procurement, cultural heritage co-management, human rights training, Indigenous leadership in Australia and workforce diversity. In 2024 the company reported 5 fatalities at managed operations and a 14% reduction in adjusted gross Scope 1 and 2 emissions relative to 2018. Its nature strategy includes commitments not to explore or extract within UNESCO World Heritage sites and not to undertake deep-sea mining.

Its water risk framework covers water resource, water quality and quantity, dewatering and long-term obligations. Total operational water withdrawals were 1,230 gigalitres in 2024.