Rio Tinto spends more than A$15.3 billion with Australian suppliers
March 16 2023 - 6:26PM
Business Wire
Rio Tinto increased its spend with Australian suppliers to more
than A$15.3 billion in 2022, as part of the company’s ongoing
commitment to support communities where it operates.
This was an increase of almost 9 per cent on the previous year
and was spent with more than 6,200 businesses, including Australian
owned and operated businesses and locally owned and managed
branches of global companies. The spend helped support tens of
thousands of Australian jobs and delivered a significant economic
contribution to communities across the country.
As part of this spend, more than A$565 million was spent with
Indigenous businesses across Australia – an increase of 40 per cent
on the year before.
Rio Tinto Chief Executive, Australia, Kellie Parker said,
“Supporting local businesses in the communities where we operate is
a key priority for Rio Tinto.
We strive to employ local people, buy local products and engage
local services – especially from Indigenous, small and regional
businesses.
We are working hard to improve our approach to Indigenous
business development and engagement in Australia, and while there
is still more work to do, last year we significantly increased our
spend with Indigenous suppliers.
We couldn’t do what we do without our local supplier partners
and having good relationships with them helps us find better ways
to provide the materials the world needs and innovate to
decarbonise our operations.”
Notes to the editors
Rio Tinto engages with more than 20,000 suppliers globally.
In 2022, Rio Tinto increased its global spend with suppliers to
US$22.5 billion, up from US$19.8 billion in 2021.
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version on businesswire.com: https://www.businesswire.com/news/home/20230316005443/en/
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