The Council on Ethics recommends that the exclusion of Rio Tinto PLC and Rio Tinto Ltd from the Government Pension Fund Global (GPFG) be revoked. The companies have been excluded since 2008 on the grounds of serious environmental damage caused by operations at the Grasberg mine in Indonesia. In September 2018, Rio Tinto signed a contract to sell all its interests in the mine. There are therefore no longer any grounds for the companies’ continued exclusion.
Please find the Council’s recommendation to revoke the exclusions here.