Rio Tinto

Rio Tinto's reported carbon emissions

Rio Tinto, a UK-based company operating in the basic iron and steel, and ferro-alloys industry, has set ambitious climate targets. The company aims to reduce its net Scope 1 and 2 emissions by 50% by 2030, relative to 2018 levels, and achieve net zero by 2050. They also have a target to reduce absolute Scope 1 and 2 greenhouse gas emissions by 15% by 2025 and by 50% by 2030, against their 2018 equity baseline. For the reporting year 2022, Rio Tinto reported Scope 1 emissions of approximately 22,700,000,000 kg CO2e and Scope 2 emissions of approximately 8,200,000,000 kg CO2e (location-based). Scope 3 emissions for the same year were substantial, totalling approximately 572,300,000,000 kg CO2e, with purchased goods and services representing about 16,700,000,000 kg CO2e, and the processing of sold products accounting for the largest portion at approximately 539,900,000,000 kg CO2e. In 2021, Scope 1 emissions were approximately 22,800,000,000 kg CO2e, and Scope 2 emissions were around 8,500,000,000 kg CO2e (location-based). Scope 3 emissions for 2021 were approximately 558,300,000,000 kg CO2e, with purchased goods and services at about 19,500,000,000 kg CO2e and the processing of sold products at approximately 523,300,000,000 kg CO2e. For 2020, Scope 1 emissions were approximately 22,900,000,000 kg CO2e, and Scope 2 emissions were about 8,600,000,000 kg CO2e (location-based). Scope 3 emissions in 2020 reached approximately 576,200,000,000 kg CO2e, with purchased goods and services at approximately 19,300,000,000 kg CO2e, and the processing of sold products at around 542,800,000,000 kg CO2e. The company's climate commitments are not cascaded from a parent organisation.