Rio Tinto

Diversified Metals & Mining

RIO

$ 75 (0.59)%

Share price

$ 121 bn

Market Cap

$ 134 bn

Enterprise Value

Carbon footprint

GHG emissions per $ 1 mln investment

6.3x the weighted average for S&P 500

FY2021

Primary Climate Goal

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

Weaker than the -6.6% weighted average for S&P 500

FY2022

Rio Tinto aims to reduce Scope 1 + 2 by 15% by 2025 from a base year 2018

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

Secondary Climate Goal

Proj. YOY change in GHG emissions (all Scopes)

Weaker than the -6.9% weighted average for S&P 500

FY2022

Rio Tinto aims to achieve net zero for all Scopes by 2050

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 2021 at 31,100 Kt (-400 /-1.3% y-o-y). Also positively, carbon intensity tumbled to 490 t (-216 /-30.6% y-o-y).

Rio Tinto's Scope 3 emissions decreased to 553,500 Kt (-16,500 /-2.9% y-o-y). The parameter has been fairly volatile.

The company is committed to reducing Scope 1 + 2 by 15% by 2025 from a base year 2018, which translates into the estimated reduction of -550 Kt per annum over the period of FY2022 - FY2025. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Also, the company commits to achieving net zero for all Scopes by 2050, which translates into the estimated reduction of -20,159 Kt per annum over the period of FY2022 - FY2050. 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)
2021Q4	31,100	22,700	8,400	553,500	63,495	490
2020Q4	31,500	22,800	8,700	570,000	44,611	706
2019Q4	31,400	23,100	8,300		43,165	727
2018Q4	34,000	24,700	9,300	564,900	40,522	839
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