Climate Goals Still Make Business Sense, Rio Tinto CEO Says (1)

Rio Tinto Group, the world’s second-largest mining company and a major polluter, came out in support of corporate efforts to curb emissions, insisting that pursuing green targets can add value.

“Despite the fragmented policy landscape, decarbonization can still be good economics,” Chief Executive Officer Jakob Stausholm said in an annual report on Wednesday. The miner’s projects typically “enhance the value of our business by reducing our exposure to volatile fossil fuel prices and higher carbon penalty costs,” he added.

Jakob Stausholm

Photographer: Victor J. Blue/Bloomberg

His comments come as firms from Walmart Inc. to the Coca-Cola Company defer or abandon climate and environmental ambitions, ...