Rio Tinto publishes its 2020 Annual Report
February 21 2021 - 04:48PM
Business Wire
Rio Tinto today published its 2020 Annual Report and its
Sustainability Fact Book, which can be found at
https://www.riotinto.com/invest/reports. These documents complement
the publication of Rio Tinto’s 2020 full year results and our
Climate Change Report on 17 February 2021.
Rio Tinto Chairman Simon Thompson said: “Our strong performance
during 2020 was overshadowed by the destruction of the ancient rock
shelters in the Juukan Gorge and I reiterate our unreserved apology
to the Puutu Kunti Kurrama and Pinikura (PKKP) people. We fell far
short of our values as a company and breached the trust placed in
us. It is our responsibility to ensure that the destruction of a
site of such exceptional cultural significance never happens
again.
“Since then, we have taken decisive action to implement the
recommendations of the Board review, resulting in stronger
management oversight and governance of cultural heritage. I am
confident that, as we continue to reflect on the lessons learned
through our ongoing engagement with investors, employees,
government, Indigenous leaders and, most importantly, Traditional
Owners we will emerge as a stronger company.
“The choice of Jakob as our new Chief Executive was a key
decision for the Board. His collaborative leadership style, strong
values and personal commitment to the role of business in promoting
sustainability made him the ideal choice to lead us forward. I am
delighted that Jakob has moved quickly to announce his new
Executive team and to identify his priorities for the Group,
focused on operational excellence, project development,
strengthening our ESG credentials, and rebuilding trust -
particularly in Australia.
“We have also refreshed the Board with the appointment of Hinda
Gharbi, Jennifer Nason and Ngaire Woods and are already benefiting
from their insights and expertise in governance, public policy and
sustainability. We are now seeking to strengthen representation on
the Board from our key countries of operation. Our priority,
following a turbulent 2020, will be to support Jakob and the new
Executive team in continuing to deliver the necessary changes after
Juukan Gorge and rebuilding the trust we have lost.”
Rio Tinto Chief Executive Jakob Stausholm said: “In 2020, as the
COVID-19 pandemic threatened lives and livelihoods, we demonstrated
our agility and resilience in achieving a very strong safety and
financial performance. However, this was all overshadowed by the
tragic events at Juukan Gorge.
“I am committed to working with my leadership team, with the
support of the Board, to make Rio Tinto even stronger and, over
time, see our great company earn back its respect and credibility
with all our stakeholders. We have strong foundations to build upon
and a clear path forward: to become ‘best operator’, build
impeccable ESG credentials, and excel in development, along with a
clear focus on regaining a strong social license to operate.”
Further information
Rio Tinto plc will hold its 2021 annual general meeting on 9
April 2021 and Rio Tinto Limited will hold its 2021 annual general
meeting on 6 May 2021. Notices of those meetings are expected to be
released in March 2021.
Rio Tinto expects to file its 2020 Annual report on Form 20-F
with the United States Securities and Exchange Commission on or
around 1 March 2021. American Depositary Receipt holders will be
able to view Rio Tinto’s 2020 Annual report and the 2020 Annual
report on Form 20-F on the Rio Tinto website.
Hard copies of these documents can be obtained free of charge on
request to the company secretaries, whose contact details are on
the following page.
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version on businesswire.com: https://www.businesswire.com/news/home/20210221005050/en/
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