Rio Tinto Joins Japan’s Green Value Chain Platform Network

MELBOURNE, Australia--Rio Tinto Japan has joined Japan’s Green Value Chain Platform Network (GVC Network), a collaboration established by the Japanese Ministry of the Environment to lead transparent decarbonisation efforts in the country.

Representative Director and Rio Tinto Japan President Bill Horie said:  “We are honoured to be welcomed into the Ministry of Environment’s GVC Network and look forward to engaging on innovative approaches with customers, government and industry to help reduce Japan’s carbon footprint”.

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 Tinto aims to reach net zero emissions across its operations by 2050. Its efforts to support decarbonisation through state-of-the-art solutions such as START Responsible Aluminium - an industry-leading traceability program – aligns with the GVC Network intentions.

Existing GVC Network member, Meiji Holdings, welcomed Rio Tinto as a new fellow member. “We look forward to working on developing science-based targets together,” said Shinji Matsuoka, Executive Officer, Sustainable Management Department, Meiji Holdings Co., Ltd. Meiji Group has been operating for more than 100 years and is a major Japanese consumer brand providing dairy products, confectioneries, nutritional products and pharmaceuticals.

The GVC Network collaborates formally through networking and has 141 members representing a variety of industries: electronics, machinery and equipment, automotive, airline, pharmaceutical, chemical, cosmetics, building and construction, real estate, housing, printing, food and beverage, marine, retailing, publishing, logistics.

To help reach net zero emissions across its operations by 2050, Rio Tinto is targeting a reduction in emissions intensity by 30% and in 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 our business.

Rio Tinto 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 (Scope 3).

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

Further information on the Green Value Chain Platform Network can be sourced at

www.env.go.jp/earth/ondanka/supply_chain/gvc and

www.env.go.jp/earth/ondanka/supply_chain/gvc/en

About Rio Tinto

Rio Tinto is a leading international mining group headquartered in the UK, combining Rio Tinto plc, a London and New York Stock Exchange listed company, and Rio Tinto Limited, which is listed on the Australian Securities Exchange. Rio Tinto's business is finding, mining, and processing mineral resources. Major products are iron ore, aluminium, copper, molybdenum, diamonds, gold, industrial minerals (borate, titanium dioxide and salt).  Activities span the world and are strongly represented in Australia and North America with significant businesses in South America, Asia, Europe, and southern Africa.

About Rio Tinto and Japan

Japan is one of Rio Tinto’s most important and longstanding trading partners. Rio Tinto’s iron ore business was born on the back of Japanese investment and long-term offtake contracts with the Japanese steel mills in the 1960’s. Today Rio Tinto is the largest supplier of iron ore to Japan, shipping over 1.9 billion tonnes to date over the past nearly 50 years. Rio Tinto, as a group, is also one of the largest exporter of metals and minerals to Japan, supplying iron ore, aluminium, copper, molybdenum, diamonds and industrial minerals (borate, titanium dioxide and salt) to more than 250 customers. Japanese companies are important partners in Rio Tinto’s operations around the world, its global supply chain as well as in innovation.

Contact

Rio Tinto Japan

Corporate Relations

Natsuko Nakagawa         
M +81 80 7111 8747      
email: natsuko.nakagawa@riotinto.com

 Category: General