Rio Tinto and Volvo Group have signed a Memorandum of Understanding to create a partnership for the supply of responsibly sourced low-carbon products.
Furthermore, the companies will work towards decarbonising Rio Tinto’s operations through piloting Volvo Group’s sustainable autonomous hauling solutions.
The multi-materials collaboration will allow Rio Tinto to progress sustainability commitments in its operations and supply chains. It will support Volvo Group in its ambition towards a net-zero future. The partnership aims to secure supplies of materials including lithium, low-carbon aluminium, copper, and metallics.
Sustainable outcomes from the mine to the showroom floor
Rio Tinto CEO Jakob Stausholm said: “We look forward to partnering with Volvo to progress our contribution to a net-zero future, as we collaborate to deliver sustainable outcomes from the mine to the showroom floor. We will be working together to support the decarbonisation of Rio Tinto’s operations and deliver low-carbon materials for use in Volvo’s innovative product range, including electric and autonomous vehicles.”
Volvo president and CEO Martin Lundstedt said: “We are eager to partner with Rio Tinto, a true collaboration aiming to accelerate our ambitions towards a fossil-free, decarbonised future. By addressing the full value chain, from the use of low-carbon materials in our products, to providing our customers with sustainable autonomous hauling solutions, we can contribute to a better and more sustainable future.”
Responsibly sourced low-carbon metals
The companies will work together to strengthen the supply of responsibly sourced low-carbon aluminium such as Renew-Al, metal produced using the Elysis zero-carbon smelting technology, Aluminium Stewardship Initiative (ASI) certified aluminium and Copper Mark certified copper, and explore product development opportunities such as the supply of lithium for batteries.