The CEFC and global investment group La Caisse (formerly CDPQ) have launched an AU$250 million landmark, large-scale, diversified agricultural platform in Australia. This platform is designed to generate high-quality Australian Carbon Credit Units (ACCUs). Rio Tinto has signed up as a foundation offtaker for these carbon credits.
This agreement is a strategic move for Rio Tinto to support its ambitious decarbonization targets and manage its carbon footprint. By securing ACCUs from this platform, the company can offset emissions and contribute to its sustainability goals. The partnership underscores its commitment to climate action.
Becoming a foundation offtaker provides Rio Tinto with a reliable source of carbon credits from a significant domestic platform. This initiative aligns with the company's broader efforts to invest in nature-based solutions and reduce its environmental impact. It represents a tangible step in its journey towards a low-carbon future.
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