A leading UK local government pension group said on Tuesday it backed a decision by Rio Tinto to cut the bonuses of some leading executives after ...
A leading UK local government pension group said on Tuesday it backed a decision by Rio Tinto to cut the bonuses of some leading executives after the Juukan Gorge mining incident as 'a proper and appropriate first step'.
FILE PHOTO: Jean-Sebastien Jacques, CEO of Rio Tinto Group poses for a portrait ahead of the publication of the company 2019 full year results in London, February 26, 2020. REUTERS/File PhotoLONDON: A leading UK local government pension group said on Tuesday it backed a decision by Rio Tinto to cut the bonuses of some leading executives after the Juukan Gorge mining incident as 'a proper and appropriate first step'.
The Local Authority Pension Fund Forum, whose member schemes manage more than 300 billion pounds in assets for public sector workers, said while it welcomed a review into the destruction of caves at the Australian site, further action would be needed.
"I would hope to see a proportionate response from Rio Tinto based on the full set of evidence that emerges."
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