Rio Tinto has signed a draft agreement with Volvo to work together to decarbonise one another’s operations.
Under the proposed strategic partnership, Rio will supply responsibly sourced products including lithium, low-carbon aluminium, copper and metallics to Volvo, which will in turn help the mining giant decarbonise its operations by piloting the Swedish company’s sustainable autonomous hauling solutions.
For Rio, the partnership will allow it to progress sustainability commitments in its operations and supply chains while also helping Volvo with its ambition of a net-zero future.
Rio chief executive Jakob Stausholm said the partnership would help Rio decarbonise it operations while delivering low-carbon materials for use in Volvo’s innovative product range, which included electric and autonomous vehicles.
Volvo president and chief executive Martin Lundstedt said the company sought to contribute to a better and more sustainable future by addressing the full value chain, from the use of low-carbon materials in products to providing customers with sustainable autonomous hauling solutions.