In the lead up to its Annual General Meetings, Rio Tinto is engaging with investor and civil society organisations on an enhanced approach to advocacy to support the decarbonisation of its operations, in line with the goals of the Paris Agreement.
The discussions have highlighted the need for greater transparency and conversation on the critical role of government policy signals in decarbonisation by creating the right framework for change in hard to abate industrial value chains, coupled with real business action and societal shifts.
Rio Tinto put the low carbon transition at the heart of its business strategy in 2021, setting a clear pathway to provide the materials the world needs for the energy transition and ambitious targets to decarbonise its business.
Rio Tinto's enhanced climate advocacy approach will include publishing briefing papers on specific assets and emission sources this year, detailing how the right policy-settings can support its Scope 1 and 2 emissions targets, which are aligned with the goal of limiting global warming to 1.5°C, as well as decarbonising the wider value chain. Rio Tinto will engage with the Australasian Centre for Corporate Responsibility during the development of these briefing papers, particularly on the detail included on the identified policy-settings.
