Rio Tinto is a global mining group, combining Rio Tinto plc. and Rio Tinto Limited. The company is involved in every stage of the mining business. Products include aluminium, copper, iron ore, coal, and uranium. Activities span the world, however are concentrated in Australia and North America.
As a large-footprint industry, the mining sector is one of IUCN’s priorities for business engagement. Engaging with the mining sector is also central to IUCN’s work to promote a green economy and sustainable development.
Rio Tinto: a sector leader for biodiversity
In 2004, Rio Tinto made an ambitious and sector-leading commitment to achieve a "Net Positive Impact" (NPI) on biodiversity – that is, ensuring that biodiversity ultimately benefits as a result of the company’s activities in a region. The company is also a leader in exploring payments for ecosystem services.
IUCN and Rio Tinto: a developing relationship
The current collaboration focuses on innovative and groundbreaking biodiversity conservation activities, particularly in relation to Rio Tinto’s NPI target and measuring biodiversity and ecosystem service values.
The current agreement reflects IUCN’s strategy to influence large-footprint industries in places where we can effect change, as well as Rio Tinto’s strategy to collaborate with biodiversity experts in order to achieve its biodiversity commitments.