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; Revenues: $51.17 Billion (2013); Employees: 66,331 (2013)

Climate and Energy Targets
Greenhouse gases:
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’s GHG emissions intensity has reduced by 3.7 percent between 2008 and 2010.

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.

Water:
Rio Tinto aims to reduce freshwater use per ton of product by 6 per cent by 2013 from a 2008 baseline.

Did You Know?
Read about Rio Tinto’s climate position HERE

Links

Rio Tinto Corporate Website

Rio Tinto Sustainable Development Website