Rio Tinto, the leading international mining group, has selected Strategic Thought Group’s Active Risk Manager software solution to enable the roll out of its integrated global risk management program.
Active Risk Manager is STG’s comprehensive, web-based risk and opportunity management software solution with proven capabilities to support enterprise-wide implementations in major global organisations. ARM enables the identification, recording, aggregation, assessment, management and monitoring of both risks and opportunities so that companies have the information and strategies to balance risks against rewards.
“This contract marks a significant milestone for Strategic Thought Group as it is in a ‘risk-mature’ sector and indicates the need for true enterprise-wide risk management solutions which go far beyond the scope of the traditional project-risk focus,” stated Martin Metcalf, CEO of Strategic Thought Group.
“Rio Tinto is proud to be a leader in our chosen areas of business. Our continued success depends on our ability to understand the challenges of a changing world, and to respond effectively. Uncertainty offers significant opportunities for innovation, value creation and competitive advantage. We also know that there are potential threats inherent in much of what we do, and we are committed to minimising these,” commented Guy Elliott, Finance Director at Rio Tinto Group and Board Risk Sponsor.
“To underpin our risk programme we needed software with both a breadth and depth of functionality. Active Risk Manager proved to be the pre-eminent solution in the field. It is important for us that ARM can not only help identify and manage risk but also highlight both emerging threats and opportunities,” said John Summers, Chief Advisor-Risk at Rio Tinto Group.
“We look forward to working very closely with Rio Tinto on this important global rollout as they have a strong focus on risk areas such as Health and Safety and the environment. The solution will support not only office-based employees but also those entering risk information in challenging working environments out in the field,” concluded Martin Metcalf.
The deal, worth in excess of a million pounds sterling (GBP), is one of the most significant in STG’s 21 year history and saw ARM selected following an extensive world-wide examination of other systems available.
About Strategic Thought Group Plc
Strategic Thought was founded in 1987 in the UK and opened offices in the US in 2004. Strategic Thought is a technology and services company that provides world-class risk management software (Active Risk Manager) and solutions to many of the globe’s largest organisations.
The Strategic Thought Services Division is an IBM Premier Business Partner and Microsoft Gold Partner specialising in enterprise integration projects and risk management associated consulting. Services customers include Lloyds TSB, Citigroup, Schroders IM and Investec.
About Rio Tinto
Rio Tinto is a leading international mining group headquartered in the UK, combining Rio Tinto plc, a London and NYSE listed company, and Rio Tinto Limited, which is listed on the Australian Securities Exchange.
Rio Tinto’s business is finding, mining, and processing mineral resources. Major products are aluminium, copper, diamonds, energy (coal and uranium), gold, industrial minerals (borax, titanium dioxide, salt, talc) and iron ore. Activities span the world but are strongly represented in Australia and North America with significant businesses in South America, Asia, Europe and southern Africa.
For further information please visit www.strategicthought.com or contact:
Rio Tinto Media Relations, London
Office: +44 (0) 20 7781 1138
Mobile: +44 (0) 7920 041 003
Strategic Thought Media Relations
Mary Phillips/Andreina West – PR Artistry Limited
T: +44 (0)1491 639500