Company: RTNTF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001628280-25-006642
Chunk: 124

Company: RIO TINTO LTD
Filing Date: 2025-02-20
Form: 20-F
Chunk 124
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 other opportunities either within our business, with other resource companies in different locations, or to new industries altogether. As an example, the introduction of the ELYSIS™ technology in Canada or battery- electric haul trucks at our mines will create an ecosystem of new opportunities and jobs. We will work closely with our employees and host communities to plan for these changes. Engagement and transparency We are currently rolling out an annual sentiment survey through our Local Voices program which was initiated in 2023. This survey includes questions around climate change and communities’ understanding of the potential impacts and opportunities associated with decarbonisation. We also facilitate civil society organisation roundtable events in 3 locations each year. These events provide a space for engagement around our work towards a just transition. Action in 2025 Our future actions will focus on the following objectives: – further embedding just transition principles and commitments into our project decision-making processes – better understanding the social impacts of our decarbonisation strategy – providing greater transparency for workers and communities affected by our transition activities. Climate policy and advocacy

| We support the goals of the ParisAgreementto pursue efforts to limit theglobal average temperature increase to1.5 degrees, and do not advocate forpolicies that undermine this or discountNationally Determined Contributions. Ourhigh-level policy positions are:–Business has a role to play in climatepolicy development; this should beeffective, fair, pragmatic, market-based and support free trade.–Carbon pricing is the most effectiveincentivefor business to reduceemissions, but may not be sufficientfor hard-to-abate parts of our carbonfootprint (for example carbon anodes,minerals processing).–Climate policyshould not underminecompetitivenessand result in carbonleakage - carbon border adjustmentmechanisms or alternative policies arenecessary.–Other policy tools are necessary todecarbonise minerals and metals:grant funding and tax incentives forresearch and development; productstandards and procurementobligations to drive the deployment ofpre-commercial technology. |

While business has a vital role in managing the risks and uncertainties of climate change, governments can support the challenge by providing enabling frameworks, including policies and programs, which increase momentum to shared net zero goals. Rio Tinto’s direct engagement on climate policy is underpinned by the climate commitments and principles which represent a guide to the positions taken in both direct and indirect advocacy. Overall advocacy positions will balance the commitment to these principles and the climate targets set with the need for an efficient permitting process that is essential for project development. This includes projects that decarbon