Company: RTNTF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001628280-25-006642
Chunk: 126

Company: RIO TINTO LTD
Filing Date: 2025-02-20
Form: 20-F
Chunk 126
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, see riotinto.com/industryassociations |

Climate policy and advocacy governance Our Climate Policy and Advocacy team engages with industry associations, civil society organisations, investors, government bodies, and other stakeholders on climate- related policies, regulations, and reporting. Submissions to direct government consultations on climate related policy are typically developed by this team in conjunction with subject matter experts or decarbonisation project leads, reviewed by our government relations and legal teams, and then approved by the relevant country Director or senior executive. The Board approves our positions on climate change policy, our approach to engaging with industry associations and our annual review of indirect advocacy. Management is responsible for comparing our positions with those of individual industry associations on a “comply or explain” basis.

|                                                                                                                                                                                                                                                                                                                        | 2024 Activities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| Decarbonising energy systemsGovernment’s sectoral decarbonisation plans and policies shouldsupport investment certainty and drive an orderly transition ofenergy systems while supporting operational decarbonisationthrough the delivery ofsufficient supply of competitively priced,reliable, low-carbon energy.     | –In Australia, we participated directly and indirectly through industry associations in thedevelopment of the Electricity and Energy Sector Plan and conducted extensive engagementwith a range of government bodies on the critical role of renewables in our operationaldecarbonisation pathways.–In Canada, we had industry-level discussion with Federal and Territory authorities on theimportance of clean energy for the development of critical mineral mining projects. We havealso proposed the expansion of inter- and intra-provincial power lines to provide renewableelectricity for projects needed for the low-carbon industrial transition, as well as for the cleanelectricity tax credit to include intra-provincial power lines.                                                                    |
| Development of carbon pricing schemes to supportthe transitionIn the absence of global carbon prices, country level carbonpricing or emissions reductions schemes must balance sharednet zero emissions with competitiveness of our operations andrisks of carbon leakage.                                             | –We supported the transition of British Columbia’s carbon tax scheme to an output-basedpricing scheme while ensuring the competitiveness of our recently modernised aluminiumsmelter in Kitimat. Through industry associations, we also supported the use of high-qualityregulated credits as an additional tool to meet compliance obligations and to supportemissions reduction outside the scope of the Quebec Cap-and-Trade System.                                                                                                                                                                                                                                                                                                                                                                                 |
| Development of a sustainable low-carbon liquid fuelsindustryDisplacing diesel use requires a range of options, including fleetelectrification and the use of renewable diesel alternatives.Government policies are required to support