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Rio Tinto and Marubeni partner to create stronger and more responsible Aluminium supply chains
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
partnership
Rhea-AI Summary
Rio Tinto has partnered with Marubeni Corporation under a new Collaboration Agreement to supply Responsible Aluminium products to Japanese manufacturers. The initial sale involves RenewAlTM high purity aluminium from New Zealand Aluminium Smelters to a prominent motorcycle manufacturer focused on carbon emission reduction. This agreement, the first in Japan, aims to help companies meet ESG goals and ensure a secure supply amidst rising supply chain risks. Both companies emphasize sustainable practices and transparency, with Marubeni's Neutr-AlTM carbon credit mechanism enhancing environmental responsibility.
Positive
First sale of RenewAlTM high purity aluminium to a major Japanese manufacturer.
Collaboration focuses on sustainable practices and ESG compliance, enhancing corporate responsibility.
The agreement assures long-term supply security, addressing current supply chain challenges.
Negative
None.
MELBOURNE, Australia--(BUSINESS WIRE)--
Global miner Rio Tinto and Japanese trader and business conglomerate Marubeni Corporation have agreed a first sale under a new strategic Collaboration Agreement to secure a sustainable and reliable supply of Rio Tinto’s Responsible Aluminium products to Japanese downstream manufacturers.
The first sale is a batch of Rio Tinto’s RenewAlTM high purity aluminium, from the renewably powered New Zealand Aluminium Smelters (NZAS), to a major Japanese motorcycle manufacturer committed to reducing carbon emissions throughout its supply chains and manufacturing process.
The agreement, the first of its kind in Japan and the Asia-Pacific region, is focused on providing downstream industry with a simple, integrated way to achieve ESG-related goals and requirements, such as reducing carbon footprints, disclosing lifecycle assessment (LCA), and sourcing responsibly. It will also provide strong long-term security of supply at a time of growing supply-chain risks.
It combines Rio Tinto’s suite of Responsible Aluminium products - which include RenewAlTM, the industry’s first certified low carbon aluminium, Aluminium Stewardship Initiative (ASI) certified aluminium, and the digital traceability platform START - with Marubeni’s extensive trading network, commercial capability and carbon credit mechanism, Neutr-AlTM, which will be offered as part of the collaboration.
Tolga Egrilmezer, Rio Tinto Head of Sales & Marketing, said “We are excited to be a part of the first producer-trading house marketing partnership focused on delivering sustainability throughout the aluminium supply chain.
“Consumers want to know more about the products they buy and be assured that they have been produced responsibly and sustainably. By working with partners like Marubeni, we can help our downstream customers in the aluminium value chain meet this growing consumer demand, while at the same time advancing our commitment to decarbonise our product value chains.”
Marubeni Chief Operating Officer, Metals & Mineral Resources Division Daisuke Tsuchiya said “Marubeni's Mid-Term Management Strategy GC 2024 positions green strategy as a fundamental platform to enhance corporate value. Aluminium-related business is an area of focus within this green strategy to enable a transition to a decarbonised society. Through this collaboration, Marubeni will contribute to creating a decarbonised society by supplying responsible aluminium, produced by Rio Tinto, to various customers through Marubeni’s interface, which has been built up over through the company's many years of aluminium trading.”
Notes to editors
Rio Tinto
Rio Tinto is an industry leader in the supply of responsibly produced materials, including in responsible aluminium production.
In 2016, Rio Tinto launched RenewAlTM, the world’s first certified low CO2 primary aluminium brand. It has helped to pioneer responsible production standards for the global industry as a founding member of the Aluminium Stewardship Initiative (ASI), becoming the first producer to offer ASI Aluminium in 2018. Learn more at www.aluminium-stewardship.org.
In 2021, Rio Tinto launched START, a new standard in transparency, traceability and provenance. Using secure blockchain technology, START provides key environmental, social and governance (ESG) information about how Rio Tinto products were made. It covers fourteencriteria: global warming potential, water management, waste management, energy sources, air emissions, biodiversity, land management, recycledcontent, safety performance, community investment, third-party assessments, ethics & compliance training, diversity in leadership and our whistleblower programme. Through START, Rio Tinto empowers its customers and their customers, to make a more sustainable choice.
Marubeni
Marubeni Corporation and its consolidated subsidiaries use their broad business networks, both within Japan and overseas, to import and export (including third country trading), as well as conduct domestic business, across wide-ranging fields. These include metals & mineral resources (including in aluminium), lifestyle, ICT business & logistics, food, agri business, forest products, chemicals, energy, power, infrastructure project, aerospace & ship, finance, leasing & real estate business, construction, industrial machinery & mobility, next generation business development and next generation corporate development. Additionally, the Marubeni Group offers a variety of services, makes internal and external investments, and is involved in resource development throughout all of the above industries.
Neutr-AlTM is a carbon credit mechanism Marubeni offers to customers where it is applicable. It helps offset greenhouse gas (GHG) emissions in the aluminium supply chain including transportation activities. Such carbon credits are created by GHG reduction and/or absorption activities in Japan and abroad.
