Question

Explain why and how the events in the Rio Tinto case are related to sustainability, and why it is important for their business. Use theory from the subject to support your answer. (500 words)

Answer 1

At Rio tinto materials are produced which are essential for progress of humans. this purpose of work to be achieved by working in remote place places and also environment which are sensitive and beautiful mostly on the land which are owned by the indigenous people. Their values and experience and the history delivers the real and lasting benefits. Employees are taken care along with the environment are explored build and then operated. The land is repurposed and rehabilitated after the operations are ended. Contributions to the fair share of the local as well as the national economy are made which included payment of the taxes and royalties. Profitability of the own business must be preserved in order to meet the the shareholders commitment and also for the investment in the areas important for the other stakeholders which including safety and climate and mitigation change and training of workforce. In 2018 the first strategy of sustainability. this strategy committed for adoption of higher standards on the issues of sustainability which are material for the business. goal is consistent also high quality social performance and the environmental performance. The 2030 development agenda is supported and contributions done to the UN sustainable development goals. Portfolio is an important part in the strategy of sustainability. in 2018 it became the sole major player in the industry for possessing a portfolio free production of fossil fuel. at present their portfolio come from my the commodities within the fundamentals of solid long term which includes those which are critical for transitioning into a low-carbon economy. Safety is the topmost priority. there exist robust standards also the process and the tools are being embedded across the business. For protection of Health and the safety of the people and the environment. Profitability is maintained and enhancing which is also critical. commitments include rights and the well-being of the employees also ethics and the integrity supply chain of the business and also respect towards the environment. the second pillar focus on the commodities success and governments and partners contributions which include the indigenous people who collaborate for enabling the long-term benefits. Global initiatives are actively supported. industries extractive and initiative transparency forms a part of the effort. Investment is done in skill training for future work. Partnership with the Government of the Western Australia and South metropolitan TAFE. Central focus of the economic contributions including the creation of employment. the third pillar includes the shared future where human progress is pioneered by alignment of the priorities and introduction of the market innovation of the process of aluminium melting was made totally free of the direct admission of GHG.