Company: RTNTF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001628280-25-006642
Chunk: 110

Company: RIO TINTO LTD
Filing Date: 2025-02-20
Form: 20-F
Chunk 110
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, or both, while supporting community livelihoods and respecting human rights. 5) Sustainable Development and Nature Positive Outcomes: The project supports multi-decade sustainability outcomes and a diverse project pipeline for Rio Tinto. 1. Spend on carbon credits is initially treated as capital and expensed when these are retired. See pages 157 - 160 where we describe our accounting policies and the classification of climate-related items. 2. In 2024, we updated the way we outline our sourcing strategy, relative to 2023, in which we referred to the following 3 pathways to securing carbon credits: investment in Australian Carbon Credit Units; the development of our own voluntary projects; and commercial agreements with voluntary carbon credit developers. 3. Compliance market projects delivering credits for retirement against our net emissions target are tested to the extent possible with information available. If available project information is not sufficient to make an informed assessment, the project will not be considered further or will be excluded from consideration until such time as sufficient information becomes available. We also published more detail about our due diligence process, including the questions we ask project developers to evaluate their projects.

| This information,including specific stepswe take when assessing ACCU projects, isavailable at riotinto.com/naturesolutions |

Our voluntary projects Our development and scale-up projects include landscape-level protection and conservation, restoration and land-use management activities, covering clean cooking initiatives, reforestation and afforestation, forest and grassland management, sustainable forestry and agro- forestry. These projects follow the latest available voluntary carbon market methodologies. In 2024, in partnership with The Government of Madagascar, BirdLife International, Asity Madagascar and other partners, we continued to support the development of the Tsitongambarika Forest REDD+ 5 project in Southeastern Madagascar through a $2.1 million investment. And we committed $16 million to the Makira Natural Park REDD+ Project in the north, through a new partnership with the Wildlife Conservation Society and Everland. In South Africa, we partnered with Peace Parks Foundation, Sayari Earth and WILDTRUST to carry out a feasibility study for a large-scale, landscape level nature-based solutions project in KwaZulu-Natal Province. The feasibility report will be delivered by mid-2025, when we will decide on the investment. In Guinea, we completed feasibility work for a clean cooking, fuel-switching program, now preparing to move into pilot phase. We also identified a high-quality reforestation project, and we are working with