IUCN and Rio Tinto have collaborated on a variety of projects since 2009 to strengthen Rio Tinto's sustainable development efforts, environmental management and delivery of conservation outcomes, including through a collaborative agreement since 2010.
Key milestones in this collaboration and the development of the agreement include:
Rio Tinto and the IUCN Economics Programme publish the book: Forecasting the Path Towards a Net Positive Impact on biodiversity for Rio Tinto QMM
- December 2011
Rio Tinto and the IUCN Economics Programme publish the assessment of the biodiversity benefits of forest conservation projects in Madagascar.
IUCN’s assessment of the biodiversity benefits of forest conservation projects in Madagascar used to road test the WBCSD Guide to Corporate Ecosystem Valuation.
- October 2010
IUCN and Rio Tinto engage in the 10th CBD Conference of the Parties (COP) held in Nagoya, Japan, to communicate the role of the private sector in delivering post-2010 CBD biodiversity targets.
- September 2010
NPI Protocol & Review Panel Team established to measure Rio Tinto’s progress towards its Net Positive Impact (NPI) on biodiversity target
- July 2010
IUCN and Rio Tinto sign a 3-year Collaboration Agreement.
IUCN Economics Programme begins working with Rio Tinto Iron Ore (RTIO) on an ecosystem valuation study to inform the company’s environment and water management strategies for a planned extension of the Marandoo mine in Western Australia’s Pilbara region.
- December 2009
Rio Tinto-sponsored IUCN paper on the cost of Reducing Emissions from Deforestation and Degradation (REDD) published as part of the Copenhagen Climate Change discussions.
- November 2009
Rio Tinto and IUCN staff attend a facilitated review of the site visits, as part of the continuing due diligence process and negotiations towards an agreement.
- October 2009
IUCN delegates visit Richards Bay Minerals operations in Richards Bay, South Africa, as part of the continuing due diligence process.
- September 2009
IUCN delegates visit Rio Tinto coal operations in the Hunter Valley, NSW, Australia, and the Dunkerque Aluminium Smelter near Dunkerque, France, as part of the continuing due diligence process.
- August 2009
IUCN delegates visit Kennecott Copper Mine near Salt Lake City, Utah, USA, as part of the continuing due diligence process.
- May 2009
IUCN and Rio Tinto sign a letter of intent to develop a work plan with input from a key group of stakeholders.
Rio Tinto commissions the IUCN Economics Programme to perform a preliminary assessment of the biodiversity value of forest conservation projects in Madagascar.
- October 2008
IUCN completes Rio Tinto due diligence report.
IUCN and Rio Tinto begin exploring the potential for collaboration on the company’s biodiversity work.