Company: RTNTF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001628280-25-006642
Chunk: 97

Company: RIO TINTO LTD
Filing Date: 2025-02-20
Form: 20-F
Chunk 97
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 either fully or partially captured in 2024 actuals, including Oyu Tolgoi RECs, Kennecott renewable diesel, Boron renewable diesel and Gudai-Darri solar.

| Annual Report on Form 20-F 2024 | 50 | riotinto.com |

Strategic report | Our approach to ESG | Climate Action Plan

Our roadmap to 2050 We are targeting net zero emissions from our operations by 2050, with a pathway to net zero for each area of our carbon footprint. This is challenging given approximately half of our Scope 1 and 2 emissions will require technology breakthroughs, but we are determined to be a catalyst for their development. Group decarbonisation pathway 1 (Mt CO 2 e equity basis, 2018 baseline)

| l | Electricity | l | Diesel | l | Processing breakthroughs | l | Nature-based solutions | l | Organic growth without decarbonisation2 |

1. Totals shown represent 2018 baseline emissions, reflecting increased equity at BSL, NZAS. 2. Baseline emissions extended post-2040 using assumed asset life extensions. 3. Represents net emissions reduction vs 2018 baseline. By 2030, we expect to have made significant reductions in our electricity-related emissions (both Scope 1 and Scope 2). Beyond 2030, the outlook for emissions abatement is more uncertain. However, we have achieved breakthroughs in low-carbon technology that provide us with at least one visible pathway to net zero for all our major sources of emissions. This is a significant achievement. However, technology development is complex and these breakthroughs may not all turn out to be scalable and competitively deployable. As such, we continue to pilot and demonstrate these technologies with our partners, while maintaining research and development initiatives across industry to find alternatives that may prove more promising. Given the uncertain timing of suitable, proven and commercial-scale technology, our roadmap to 2050 allows for future opportunities to be defined post-2040. Carbon removals By 2050, small sources of hard-to-abate emissions may remain and will therefore require carbon removals to achieve net zero. This may be through natural or technological removals and storage. In the short to medium term, we are investing in high-integrity nature-based solutions in the regions where we operate, and will voluntarily retire carbon credits to complement other decarbonisation investments (see pages 56 - 57 for further detail). In the medium to long term, technological removals