Rio Tinto

Rio Tinto, a major player in the basic iron and steel and ferro-alloys industry headquartered in GB, is actively addressing its carbon emissions and climate impact.

Emissions Overview:

In 2024, Rio Tinto reported substantial emissions across its operations:

• Scope 1: Approximately 23 billion kg CO2e
• Scope 2: Approximately 6.9 billion kg CO2e (market-based) or 7.8 billion kg CO2e (location-based)
• Scope 3: Approximately 574.6 billion kg CO2e, with significant contributions from the processing of sold products (around 542.7 billion kg CO2e) and purchased goods and services (approximately 14.8 billion kg CO2e).
• Total Scope 1 and 2: Approximately 30.7 billion kg CO2e.

The company's total global emissions for 2024 were approximately 574.6 billion kg CO2e.

Climate Commitments and Reduction Targets:

Rio Tinto has set ambitious targets to decarbonise its operations:

• Near-Term Targets:

  • Aims to reduce net Scope 1 and 2 emissions by 50% by 2030, relative to 2018 levels.
  • Targets an absolute reduction of Scope 1 and 2 greenhouse gas emissions by 15% by 2025 and by 50% by 2030, against their 2018 equity baseline.
  • Also aims for a 30% emissions intensity reduction and a 15% absolute emissions reduction by 2030 from 2018 levels.

• Long-Term Targets:

  • Commits to reaching net zero by 2050.

These targets cover Scope 1, Scope 2, and all scopes emissions. The company's reporting indicates a focus on near-term actions and a long-term vision for achieving net-zero emissions.