2024
Rio Tinto
Year
Sector
Industrie lourde
ACT assessment methodology
Aluminium
Performance Score
While RioTinto has announced an ambition to be carbon neutral by 2050, the company has not disclosed quantified targets for reducing its emissions after 2030. In addition, although it is implementing actions to participate in the decarbonization of its value chain, the company has not set an overall reduction target for scope 3, even though it represents 95% of its emissions. According to the ACT analysis, the company does not appear to be on track to meet its 2030 emissions reduction targets and its scope 1 and 2 emissions related to its aluminum operations have remained constant between 2019 and 2024. In the action plan, the company does disclose the reduction contributions of each solution implemented by 2030 and 2050 for scopes 1 and 2, but the action plan could be clearer and more detailed on scope 3. Finally, nature-based solutions are presented as a decarbonization solution in the action plan until 2030 when they should be presented separately and not as a solution contributing to the decarbonization of the company's activities.
Narrative Score
Rio Tinto reports its participation in several GHG emission reduction technology projects, with capital expenditures (CAPEX) of USD 589 million in 2024, as part of the USD 5 billion to USD 6 billion planned between 2022 and 2030. However, the company does not disclose its share of R&D activities dedicated to the transition. The company does not appear to provide sufficient information on the development of low-carbon activities or on the repositioning of its current business model.
Trend score
Although Rio Tinto has a full report and is exploring decarbonisation technologies, its progress in reducing its direct emissions has been slower than expected. The company is not on track to meet its 2030 emissions reduction targets and its scope 1 and 2 emissions have remained stable between 2019 and 2024 for the aluminium sector.
Source
Say on Climate 2025
Evaluator
WBA
GLOBAL SCORE
Performance score (/100)
32
Disclosure score (/100)
80
ℹ️
Narrative Score (A > E)
C
Trend Score (- = +)
=
Scores by module
#1 : best score in the sample
N/A% = module not applicable to the sectoral methodology
Target Score : 75%
#1
Material Investment Score : 3%
#1
Intangible Investment Score : 0%
#1
Sold Product Performance Score : 0%
#1
Management Score : 89%
#1
Supplier Engagement Score : 49%
#1
Client Engagement Score : 56%
#1
Policy Engagement Score : 53%
#1
Business Model Score : 39%
#1
Indicator weight by module
No Data Found