Rio Tinto Joins Green Value Chain Platform Network to reduce carbon footprint in Japan

Rio Tinto Japan has joined Japan’s Green Value Chain Platform Network (GVC Network) to cut carbon footprint in Japan. The GVC Network, formed in 2018, is a collaboration established by the Japanese Ministry of the Environment to lead transparent decarbonisation efforts in the country.

Representative Director and Rio Tinto Japan President Bill Horie said:  “We are honoured to be welcomed into the Ministry of Environment’s GVC Network and look forward to engaging on innovative approaches with customers, government and industry to help reduce Japan’s carbon footprint”.

GVC Network, which has 141 members from a variety of industries: electronics, machinery and equipment, automotive, airline, pharmaceutical, chemical, cosmetics, building and construction, real estate, housing, printing, food and beverage, marine, retailing, publishing, logistics, aims to achieve Scope 1, 2 and 3 emissions reductions targets.

“Rio Tinto aims to reach net zero emissions across its operations by 2050. Its efforts to support decarbonisation through state-of-the-art solutions such as START Responsible Aluminium - an industry-leading traceability program – aligned with the GVC Network intentions,” Rio said.

Existing GVC Network member, Meiji Holdings, welcomed Rio Tinto as a new fellow member. “We look forward to working on developing science-based targets together,” said Shinji Matsuoka, Executive Officer, Sustainable Management Department, Meiji Holdings Co., Ltd.

 Rio Tinto aims to reduce emissions intensity by 30% and in its absolute emissions by 15%, both by 2030 and from 2018 levels. The company plans to invest approximately $1 billion over five years on emissions reduction projects.