Rio Tinto partners with Schneider Electric to drive decarbonisation through circular and sustainable market ecosystem
June 23 2021 - 9:00AM
Business Wire
Rio Tinto, a leading global mining and metals company, and
Schneider Electric, the leader in digital transformation of energy
management and automation, have signed a memorandum of
understanding (MoU) for a first of its kind collaboration to
develop a circular and sustainable market ecosystem for both
companies and their customers.
This multi-product partnership will see Schneider Electric use
responsibly sourced materials produced by Rio Tinto. These include
low-carbon aluminium and copper produced with renewable power, iron
ore, and borates. Rio Tinto will utilise energy and industrial
services from Schneider Electric, as the companies work together to
develop digital platforms, technologies and solutions to be
deployed across the metals and mining supply chain to drive further
decarbonisation.
Rio Tinto Chief Commercial Officer Alf Barrios said: “This
unique partnership will help accelerate decarbonisation and
renewable energy solutions by combining low-carbon materials with
cutting-edge digital technology. Working together will allow Rio
Tinto and Schneider Electric to pursue opportunities beyond what is
possible for either company on its own. This collaboration also
opens doors to consider strategic initiatives such as expanding the
use of artificial intelligence and predictive analytics to reduce
downtime in our plants, digitization of our supply chains, and a
host of other transformative technologies.”
Schneider Electric Executive Vice-President Industrial
Automation, Barbara Frei said: “We are excited to work with Rio
Tinto to develop clean and pioneering solutions to meet industrial
decarbonisation challenges. As the world’s most sustainable
corporation and a manufacturer with a global network of smart
factories and smart distribution centres, Schneider Electric is on
a mission to make industries of the future eco-efficient, agile,
and resilient through open, software-centric industrial automation
and sustainable energy solutions. This new partnership demonstrates
that Rio Tinto is as passionate as we are about bridging progress
and sustainability for all.”
The partnership will draw on Schneider Electric’s Energy as a
Service expertise to evaluate the use of innovative solutions,
including microgrids, to supply energy from low-carbon sources, and
artificial intelligence and advanced analytics to help meet
sustainability goals at Rio Tinto sites and throughout its supply
chain.
Rio Tinto’s START traceability and transparency initiative, the
first sustainability label for aluminium using blockchain
technology, will be deployed with Schneider Electric to unlock
value for customers, suppliers and partners. The companies will
work to expand this transparency, offering START in combination
with Schneider Electric’s EcoStruxure™ platform, an IoT system
architecture that connects everything in an enterprise, from the
shop floor to the top floor, to deliver enhanced safety,
reliability, efficiency, and sustainability.
The companies will also partner to evaluate emerging innovation
opportunities, such as the efficient production of critical
materials for renewable technologies and advances in low-carbon,
green steel manufacturing, both of which will play a significant
long-term role in industrial decarbonisation.
Notes to editors
About Rio Tinto
Rio Tinto produces high-quality iron ore, copper, aluminium, and
minerals that have an essential role in enabling the low-carbon
transition.
We have publicly acknowledged the reality of climate change for
over two decades and have reduced our emissions footprint by over
30 percent in the decade to 2020.
We have set 2030 targets to reduce our absolute emissions by 15%
and our emissions intensity by 30% relative to our 2018 baseline.
These targets are consistent with a 45% reduction in absolute
emissions, relative to 2010 levels, and the Intergovernmental Panel
on Climate Change (IPCC) pathways to 1.5°C. They are supported by
our commitment to spend approximately $1 billion on emissions
reduction initiatives over the first five years of the ten-year
target period. In 2020, we set new Scope 3 emissions reduction
goals to guide our partnership approach across our value chain.
Read more about our approach to climate change:
www.riotinto.com/invest/reports/climate-change-report
About Schneider Electric
Schneider’s purpose is to empower all to make the most of our
energy and resources, bridging progress and sustainability for all.
We call this Life Is On.
Our mission is to be your digital partner for Sustainability and
Efficiency.
We drive digital transformation by integrating world-leading
process and energy technologies, endpoint to cloud connecting
products, controls, software, and services, across the entire
lifecycle, enabling integrated company management, for homes,
buildings, data centres, infrastructure, and industries.
We are the most local of global companies. We are advocates of
open standards and partnership ecosystems that are passionate about
our shared Meaningful Purpose, Inclusive and Empowered values.
www.se.com
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Rio Tinto media.enquiries@riotinto.com
Media Relations Matthew Klar +1 514-608-4429
matthew.klar@riotinto.com
Schneider Electric global.pr@se.com
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Kingdom
T +44 20 7781 2000 Registered in England No. 719885
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3000 Australia
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