Rio Tinto has committed to achieving 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 aims to achieve NPI by combining impact avoidance, mitigation and ecosystem restoration with biodiversity offsets and other conservation actions, and has already worked with conservation experts – including IUCN members – to develop tools and methodologies for such activities. These include a biodiversity assessment protocol, a biodiversity action planning tool, and an NPI accounting and offset design methodology.
The IUCN-Rio Tinto NPI Verification Programme addresses the final stage: assessing Rio Tinto’s progress towards its NPI target. Under the programme, technical experts convened by IUCN are working to develop, test, and implement standards and metrics for an independent and scientifically credible assessment process.
This cutting-edge process will not only support implementation of Rio Tinto’s sector-leading biodiversity commitment, but also provide a yardstick against which other extractive industries and sectors can be measured.
Work plan objective: Develop, test, and implement a verification process to assess Rio Tinto’s progress towards its NPI biodiversity target.