As we speak Rio Tinto, one of many world’s largest steel and mining corporations, unveiled START, a brand new blockchain sustainability answer.
Rio Tinto positions START as like a vitamin label on meals, however as a substitute for aluminum. The purpose is to offer traceability and the flexibility for finish shoppers to see how responsibly and sustainably the steel is sourced.
“START is a big step ahead for the aluminium trade as the primary providing of this type, setting a brand new customary on transparency, traceability and accountable manufacturing from mine to market,” mentioned Rio Tinto Aluminium CEO Alf Barrios.
“Our imaginative and prescient is that our clients can showcase the sustainability of the aluminium they buy from Rio Tinto to their shoppers, delivering full worth from our accountable manufacturing.”
The sustainability label is now out there on all Rio Tinto aluminium gross sales and the agency is providing a sustainability advisory service.
Whereas that is the primary initiative from a single mining firm, a number of mining sustainability initiatives are underway. One of many benefits of going it alone is commonly the flexibility to maneuver sooner.
The World Financial Discussion board has its Mining and Metals Blockchain Initiative (MMBI) which not too long ago launched a Carbon Tracing Platform. Members embody Anglo American, Glencore, Tata Metal and others.
This text shall be up to date with extra element later.