Market Forces maintains the rage against Rio Tinto

Original article by Brad Thompson
The Australian Financial Review – Page: Online : 27-Sep-19

Activist investor group Market Forces is still planning to target Rio Tinto with a shareholder resolution that would require it to set targets for reducing emissions for customers if successful. Such emissions are known as Scope 3 emissions. Market Forces had been planning to hit BHP with a similar resolution, but backed away from doing so after BHP stated it would act on scope 3 emissions created by its customers when using coal and iron ore to make steel. Market Forces’ intentions regarding Rio Tinto come despite Rio and Chinese steel maker Baowu Steel Group unveiling a joint commitment to cut greenhouse gas emissions.

CORPORATES
MARKET FORCES RIO TINTO LIMITED – ASX RIO BHP GROUP LIMITED – ASX BHP BAOWU STEEL GROUP