Volvo Group and Rio Tinto to create low-carbon partnership

Swedish original equipment manufacturer (OEM) Volvo Group and Australian mining company Rio Tinto have signed a memorandum of understanding (MoU) to create a strategic partnership where Rio Tinto will supply responsibly sourced low-carbon products and solutions to Volvo Group. The agreement includes working towards decarbonising Rio Tinto’s global operations through piloting Volvo Group’s sustainable autonomous hauling solutions.

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.

“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,” said Volvo President and Chief Executive Officer Martin Lundstedt.

“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,” said Rio Tinto Chief Executive Jakob Stausholm.