TY  - JOUR
AU  - Knoblauch, Alison
AU  - Dargusch, Paul
PY  - 2022
DA  - 2022/05/05
TI  - Achieving Net Zero Through a Multi-Dimensional Approach to Carbon Management in Mining and Metals Processing–A Case Study of Rio Tinto
JO  - Advances in Environmental and Engineering Research
SP  - 018
VL  - 03
IS  - 02
AB  - The earth’s climate is warming, increasingly straining the Earth’s human and environmental systems. Organisations are increasingly committing to net zero emissions by mid-Century to set and communicate their ambition to limit global warming to the peak temperature goals of the Paris Agreement. However, for many companies, the pathway to delivering against this ambition remains unclear – and significant investment in technical, social and economic systems required before this target becomes a reality. This paper analyses the climate commitments and carbon management practices at Rio Tinto, a global extractor and processor of metals and minerals. Publicly available information has been analysed against climate benchmarks, including the Climate Action 100+ framework, to form a view on the nature and sufficiency of their carbon management approach to deliver outcomes in line with their committed ambition. While Rio have established a strong ambition and have invested in a range of initiatives, they face criticism for not setting targets for their Scope 3 emissions and for their moderate investment relative to their total revenue and the scale of change required. However, their internal carbon pricing model and recent links with executive remuneration are positive signs of continual improvement towards achieving net zero by 2050.
SN  - 2766-6190
UR  - https://doi.org/10.21926/aeer.2202018
DO  - 10.21926/aeer.2202018
ID  - Knoblauch2022
ER  -