Rio Tinto and Volvo Group sign MoU to create strategic partnership

Rio Tinto and Volvo Group have signed a Memorandum of Understanding (MoU) to create a strategic partnership under which Rio Tinto will supply responsibly sourced low-carbon products and solutions to Volvo Group. The companies will work towards decarbonising Rio Tinto’s operations through piloting Volvo Group’s sustainable autonomous hauling solutions.
While the partnership will allow Rio Tinto to progress sustainability commitments in its operations and supply chains, it will help Volvo Group in its ambition towards a net-zero future.The companies aim to secure supplies of materials including lithium, low-carbon aluminium, copper, and metallics.
Jakob Stausholm, Rio Tinto Chief Executive 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.”
Martin Lundstedt, Volvo President and Chief Executive Officer 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.”

Aruna Gaitonde, Editor in Chief of the Asian Bureau, Rough&Polished