Investors in Rio Tinto Ltd have renewed efforts to force the world's bigges...
MELBOURNE - Investors in Rio Tinto Ltd have renewed efforts to force the world’s biggest iron ore miner to commit to targets that would scale back emissions of its customers in line with the Paris Agreement on combating climate change.
Shareholders want Rio Tinto to report annually on short-, medium- and long-term targets for its direct and indirect greenhouse gas emissions, as well as those of its end customers - known as scope 1, 2 and 3 emissions - and performance against those targets. As for customer emissions, Chief Executive Jean-Sebastien Jacques has repeatedly said they are outside Rio’s control.
Steel-making generates 7% to 9% of global emissions, showed data from the World Steel Association, making it among one of the highest emitting industries.
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