Rio Tinto has signed a collaboration agreement with the International Union for Conservation of Nature (IUCN) to work on sustainable development projects.

Rio said the agreement will help the company strengthen its sustainable development efforts, environmental management and delivery of conservation outcomes, while enabling the IUCN to increase its awareness and understanding of the conservation and business challenges facing the resources sector.

Rio Tinto CEO Tom Albanese said the collaboration will develop innovative solutions to biodiversity and other sustainable development issues that are an important component of the company’s operations.

The agreement will focus on developing Rio Tinto’s biodiversity programmes, exploring emerging green markets and building benchmarks for biodiversity management.