Rio Tinto

Diversified Metals & Mining

RIO

$ 69 0.23

Share price

$ 112 bn

Market Cap

$ 117 bn

Enterprise Value

Carbon footprint

GHG emissions per $ 1 mln investment

7.4x the weighted average for S&P 500

FY2022

Primary Climate Goal

Proj. YOY change in GHG emissions (Scope 1 + 2)

Weaker than the -8.2% weighted average for S&P 500

FY2023

Rio Tinto aims to reduce Scope 1 + 2 by 50% by 2030 from a base year 2018

This target has not been verified as science based according to SBTi

GHG emissions and Carbon intensity

Rio Tinto reported Total CO2e Emissions - Location-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2022 at 30,300 Kt (-700 /-2.3% y-o-y). At the same time, carbon intensity was up at 545 t (+57/+12% y-o-y).

Rio Tinto's Scope 3 emissions jumped to 583,900 Kt (+25,600/+4.6% y-o-y). There has been no clear trend lately.

The company is committed to reducing Scope 1 + 2 by 50% by 2030 from a base year 2018, which translates into the estimated reduction of -1,750 Kt per annum over the period of FY2023 - FY2030. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Date	Total CO2e emissions (location-based Scope 1 & 2) (Kt)	Scope 1	Scope 2	Scope 3	Revenue (USDm)	Carbon intensity (tons of CO2e) / (USDm)
2022Q4	30,300	22,800	7,500	583,900	55,554	545
2021Q4	31,000	22,800	8,200	558,300	63,495	488
2020Q4	31,700	22,900	8,800	576,200	44,611	711
2019Q4	31,400	23,000	8,400		43,165	727
2018Q4	32,600	24,400	9,300	564,900	40,522	805
2017Q4	31,000	20,000	11,000	611,600	40,030	774
2016Q4	32,500	21,000	11,500		33,781	962
2015Q4	32,000	20,100	11,900		34,829	919
2014Q4	34,300	21,900	12,400		47,664	720

Rio Tinto

Carbon footprint

Primary Climate Goal

Rio Tinto aims to reduce Scope 1 + 2 by 50% by 2030 from a base year 2018

GHG emissions and Carbon intensity

Rio Tinto's carbon footprint

Company environmental metrics