Company: RTNTF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001628280-25-006642
Chunk: 176

Company: RIO TINTO LTD
Filing Date: 2025-02-20
Form: 20-F
Chunk 176
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 with over half of reporters (54%) happy to reveal their identity, despite the small increase seen in anonymity rates in 2024 (46%, up from 40% in 2023). BCO substantiated more reports in 2024 (283) than in 2023 (267). However, the substantiation rate has declined: 44% of 642 reports investigated and closed in 2024, down from 53% of 500 reports in 2023. The median average case closure time for all cases closed in 2024 was 30 days, consistent with 30 days in 2023. The mean average case closure time in 2024 was 91 days from 65 days in 2023, the increase being influenced by a drive to close aged cases. In 2024, we delivered several enhancements to the BCO program. The BCO is looking to improve access to information and is exploring options to better share data on our website. As an organisation we recognise there is more work to do to improve our culture. Each person's experience of misconduct is unique. We are committed to holding ourselves accountable and having controls in place to identify where our business processes may have created an opportunity for misconduct to arise. This is critical to ensuring our people feel safe and respected in the workplace. Transparency We believe greater transparency and accountability are key to earning and building trust, encouraging sustainable business practices, and translating taxes and royalties into beneficial outcomes for communities who host our operations. Being transparent about our tax payments, mineral development contracts, beneficial ownership, and our stance on a range of other sustainability issues – like climate change – allows us to enter into open, fact- based conversations with our stakeholders. This leads to a better understanding of everyone’s roles and responsibilities. We are a founding member of the Extractive Industries Transparency Initiative (EITI), and a signatory to The B Team Responsible Tax Principles. We report in full the requirements of the “Tax” standard (GRI 207) of the Global Sustainability Standards Board of the Global Reporting Initiative, including full country-by- country reporting. Political integrity We do not favour any political party, group or individual, or involve ourselves in party political matters. We prohibit the use of company funds to support political candidates or parties. Our business integrity procedure includes strict guidelines for dealing with current and former government officials and politicians. They cannot be appointed to senior employee positions or engaged as consultants, without the approval of executive management and our Chief Ethics and Compliance Officer. We regularly engage with governments