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Rio signs up for Japanese carbon network

1st April 2021

Creamer Media Senior Deputy Editor: Australasia

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PERTH (miningweekly.com) – Mining major Rio Tinto has joined Japan’s Green Value Chain Platform Network (GVC Network) to engage on innovative approaches to reduce Japan’s carbon footprint.

The GVC Network is a collaboration established by the Japanese Ministry of the Environment to lead transparent decarbonisation efforts in the country, and was formed in 2018.

GVC Network member companies work to set science-based targets for emissions reduction that are economically feasible and effective for the achievement of their Scope 1, 2 and 3 targets; and to share solutions related to renewable energy, energy conservation, or energy storage.

Rio aims to reach net zero emissions across its operations by 2050. The miner told shareholders that its efforts to support decarbonisation through state-of-the-art solutions such as START Responsible Aluminium, aligned with the GVC Network intentions.

To help reach net zero emissions across its operations by 2050, Rio is targeting reducing emissions intensity by 30% and its absolute emissions by 15%, both by 2030 and from 2018 levels. The company also plans to spend approximately $1-billion over five years on emissions reduction projects, research and development, and activities to enhance the climate resilience of the business.

The miner has outlined a series of measurable and impactful Scope 3 emissions reduction goals to guide its approach which features partnerships across China, Japan and South Korea; countries which account for 88% of the company’s value chain emissions.

The company has also committed that its growth over the next decade will be carbon neutral.

Edited by Creamer Media Reporter

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