Breakingviews - Rio Tinto rebellion sets new ESG bar

  • 📰 Reuters
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 97%

United States Headlines News

United States Latest News,United States Headlines

Rio Tinto’s recklessness has set a welcome new bar for environmental, social and corporate governance. Boss Jean-Sebastien Jacques and two deputies, including the head of its iron ore unit which accounted for 96% of half-year earnings, will step down after outcry over the...

FILE PHOTO: The Rio Tinto logo is displayed on a visitor's helmet at a borates mine in Boron, California, U.S., November 15, 2019. REUTERS/Patrick T. Fallon/File Photo

Pressure had been building since the company released an internal review into how the Juukan Gorge’s sacred rockshelters were blown up in May to expand an iron ore mine. The demolition had legal clearance but it went ahead despite a 2018 report commissioned by the company itself, warning that parts of the area were of “the highest archaeological significance”.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

thank God for that. That man should be prosecuted WHAT WERE THEY THINKING ?!?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Rio Tinto rebellion sets new ESG barCEO J-S Jacques and two deputies will step down after an outcry over the miner's destruction of Aboriginal heritage sites. Aussie shareholders led a charge that may inspire other socially conscious investors. Bosses and boards hiding behind strong returns have been given notice. mak_robyn bogotaenllamas mak_robyn bogotaenllamas Reuters mak_robyn bogotaenllamas
Source: Breakingviews - 🏆 470. / 51 Read more »

Rio Tinto CEO resigns after destruction of 46,000-year-old sacred Indigenous siteRio Tinto CEO Jean-Sébastien Jacques has resigned as the mining giant continues to face pressure from investors for blowing up a 46,000-year-old sacred indigenous site in Australia to expand an iron ore mine. Right or wrong, I was taught when the plane crashes it's pilot error. I’d like to be an archeologist D'y'reckon that'd be called good enough if they'd blown up something recent like Stonehenge or the Pyramids?
Source: CNN - 🏆 4. / 95 Read more »

Rio Tinto CEO to Step Down Amid Fallout Over Destruction of Ancient Rock SheltersRio Tinto said its chief executive would step down as it battles to contain the fallout from the destruction of two ancient rock shelters in northwestern Australia’s minerals-rich Pilbara region that were culturally significant to a local indigenous group. ⚡️⚡️⚡️ Take down the CCP! Take down the CCP! Take down the CCP! Take down the CCP! 灭掉中国共产党! 灭掉中国共产党! 灭掉中国共产党! 灭掉中国共产党! 2020.9.11 Yeah wow, what a fitting punishment for destroying a 46,000 year old cave. Money can't buy that back! What ever happened to holding people accountable for negligence?
Source: WSJ - 🏆 98. / 63 Read more »

Rio Tinto CEO to leave over destruction of Australian sitesCANBERRA, Australia (AP) — Rio Tinto chief executive Jean-Sebastien Jacques will leave the Anglo-Australian mining giant by March over the destruction of Australian Indigenous sacred sites to... For a crime against shared humanity heritage that was priceless, this man gets to lose his job but then goes on to live in a palace, get pocket money from directorships, meanwhile Rio Tinto‘s share values goes up due to not having this CEO at the helm. This is just a PR exercise. In America he'd get to rob the company pension plan, while also getting a 8 figure bonus for his trouble Cool. Guy gets to retire with a slap on the wrist, meanwhile the destroyed sites remain destroyed. This is nothing but a lame PR stunt.
Source: AP - 🏆 728. / 51 Read more »

Rio Tinto may need to tap outsider for new chiefFour years after mining giant Rio Tinto swept out its veteran managers to make way for a new generation of business heads, its leadership team has come unstuck. ok.... Chief Executive Jean-Sebastien Jacques is departing over the destruction of the heritage sites, putting mining executives globally on notice – ignore cultural and social issues at your peril 2/3 Mbak VK g mbantuin orang aborigin?
Source: Reuters - 🏆 2. / 97 Read more »

Rio Tinto loses execs after breaching social license: governance groupsRio Tinto's decision to part ways with its CEO and two senior executives reflects heightened investor concern over social issues and the loss of 'social license' to operate, governance groups and investors said. Are you looking for a professional, clean and unique logo design ?! Here i am. I will provide you a minimalist, professional and clean logo for your brand/company. Order now : These pieces of trash might be leaving, but of course with a golden handshake as they go Its sickening
Source: Reuters - 🏆 2. / 97 Read more »