Through this partnership Volvo Group takes a great step forward in its ambition towards a net-zero value chain, with sustainable sourcing of raw materials such as lithium, low carbon aluminium, copper, and metallics.
The multi-materials partnership will allow Rio Tinto, a leading global mining and metals company, to progress sustainability commitments in its operations and supply chains.
Volvo President and Chief Executive Officer Martin Lundstedt said: “We are eager to partner with Rio Tinto, a true collaboration aiming to accelerate our ambitions towards a fossil-free, decarbonized 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.”
Rio Tinto Chief Executive Jakob Stausholm 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.”
The companies will work together to strengthen the supply of responsibly sourced low-carbon materials such as RenewAlTM aluminium, aluminium produced using the ELYSISTM zero-carbon smelting technology, Aluminium Stewardship Initiative (ASI) certified aluminium and Copper Mark certified copper, and explore product development opportunities such as supply of lithium for batteries.
