Rio to spend $US1b on climate

Original article by Peter Ker
The Australian Financial Review – Page: 22 : 27-Feb-20

Rio Tinto has updated its climate change policies, which now include a net zero carbon emissions target of 2050. In addition, the resources group aims to reduce its scope 1 and scope 2 emissions to 15 per cent of 2018 levels by 2030, while it has set a goal of reducing its emissions intensity to 30 per cent of 2018 levels by the same date. However, it has not set any targets for scope 3 emissions. Rio Tinto has also committed to investing $US1bn ($1.5bn) in climate initiatives over the next five years.

CORPORATES
RIO TINTO LIMITED – ASX RIO

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