Rio Tinto integrates climate report into annual filing

Published 19/02/2025, 19:04
Rio Tinto integrates climate report into annual filing

LONDON - Mining giant Rio Tinto (NYSE:RIO) has announced the release of its 2024 Annual Report today, which includes comprehensive climate disclosures as a part of its financial documentation. The company has taken the step to fully integrate its climate report with the annual financial statements, aligning with the IFRS S2 Sustainability Disclosure Standard.

In a departure from previous years, Rio Tinto has chosen not to publish a separate climate report. Instead, the 2025 Climate Action (WA:ACT) Plan is embedded within the pages of the annual report, specifically from pages 41 to 75. This move reflects the growing trend among corporations to provide stakeholders with a holistic view of their sustainability efforts alongside traditional financial performance metrics.

The Annual Report 2024 has been submitted to the Australian Securities Exchange (ASX) and is also available on the Rio Tinto website. Additionally, the report will be accessible through the UK National Storage Mechanism. The company anticipates filing its Annual Report on Form 20-F 2024 with the United States Securities and Exchange Commission around February 20, 2025, which will be available to American Depositary Receipt holders via the company’s website.

Rio Tinto’s efforts to enhance transparency extend to other sustainability-related disclosures, which are also published online. These include the Sustainability Fact Book 2024, detailed calculations of Scope 1, 2, and 3 emissions, and the Climate Methodology 2024. The Industry Associations Disclosure 2024, which provides insight into Rio Tinto’s affiliations and collaborations within the industry, is another document made available for public scrutiny.

Shareholders who prefer physical copies of these documents can request them free of charge, with the company committing to mail hard copies to those who have opted for this service.

The decision to consolidate climate and financial reporting is part of Rio Tinto’s broader strategy to emphasize its commitment to sustainability and climate action. This integrated approach is intended to offer a clear and comprehensive understanding of how the company’s environmental initiatives are aligned with its financial growth and long-term strategy.

This information is based on a press release statement issued by Rio Tinto.

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