Rio Tinto Summary

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Company Description
Rio Tinto is a leading international mining and exploration group headquartered in the UK, combining Rio Tinto, a London listed company, and Rio Tinto Limited, which is listed on the Australian Securities Exchange. Rio Tinto’s business is finding, mining and processing the earth’s mineral resources – metals and minerals essential for making thousands of everyday products that meet society’s needs and contribute to improved living standards. Major products include aluminum, copper, diamonds, energy (coal and uranium), gold, industrial minerals (borax, titanium dioxide, salt, talc) and iron ore. Rio Tinto’s mining activities span the globe but are most strongly represented in Australia and North America with significant businesses also in South America, Asia, Europe and southern Africa.

CEO: Sam Walsh AO; Revenues: $56.58 Billion (2010); Employees: 77,000 (2010).

Statements on Climate Change
“Climate change is a critical issue for our business. Not only do we produce energy resources, such as coal, but our mining and mineral processing operations use large quantities of energy. Combating climate change means finding new and better ways of producing energy and Rio Tinto is committed to continuously improving our processes as well as partnering in projects that reduce greenhouse gases.” ~Tom Albanese, CEO

Climate Change Targets
In 2009 Rio Tinto set a target to reduce the intensity of greenhouse (GHG) emissions by six percent between 2008 and 2013. A further four percent reduction is targeted to give an overall ten percent reduction by 2015 as a result of the expected completion of planned capital projects. (Performance is gauged relative to 2008 as the base year.)

Rio Tinto had previously set and met a target to reduce on-site GHG emissions per unit of production by 4.8 percent from 1990 levels by 2001. It had also set a group-wide energy efficiency target of reducing energy usage per ton of production by five percent by 2008 based on 2003 levels.

Climate and Energy Strategies

Technology Solutions (C2ES's Climate Techbook Factsheets)

Relevant Links: Rio Tinto Company Web Site, Rio Tinto Environmental Stewardship Web Site, Rio Tinto Climate Web SiteRio Tinto’s Climate Change Position, Rio Tinto 2010 Annual Report

Rio Tinto Actions:

How Rio Tinto Manages Greenhouse Gas Emissions, Climate Change and Energy – How Rio Tinto Mitigates EffectsGlobal Initiatives to Meet Long-Term Challenges of Climate Change, Rio Tinto’s Efforts to Address Cleaner Energy Production and UseCombating Climate Change with Hydrogen Energy – New Venture with BP’s Alternative Energy DivisionRio Tinto Named Sector Leader for Metals