Company: RTNTF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001628280-25-006642
Chunk: 237

Company: RIO TINTO LTD
Filing Date: 2025-02-20
Form: 20-F
Chunk 237
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ointed June 2021 (Rio Tinto plc shares)

| 2023 shareholding | 68,568 |

| 2024 shareholding | 81,601 |

| 2024 requirement | 60,000 |

| Annual Report on Form 20-F 2024 | 126 | riotinto.com |

Directors’ report | Remuneration report

Remuneration principles How is the Remuneration Policy applied to the wider employee population? The remuneration framework that applies to the wider employee population is inspired by, and consistent with, the Remuneration Policy that applies to executives. This allows the reward offering to employees to be competitive and strongly linked to performance, while staying aligned with the company culture.

| Competitivereward | Rewardperformance                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               | Recognisepotential | Fairness | Focus onwellbeing | Retaintalent |
| Consistency       | –We take a consistent approach in how we implement our Policy to enable transparency and fairness.–Our STIP design uses one scorecard for around 27,000 employees, including executives. This consistent approachsupports the delivery of our strategy, and a mindset shift in how we win collectively.                                                                                                                                                                                                                                                                                                                                                                                                                                         |                    |          |                   |              |
| Fairness          | –We are committed to providing equitable pay for equivalent roles and contribution. We review and monitor payequity through different lenses:•In-depth pay equity analysis as part of the remuneration review process. Through this, we manage pay equityfrom multiple perspectives, including gender.•We annually review employee remuneration against living wage benchmarks, and achieved accreditation as aLiving Wage Employer from the Fair Wage Network in 2024.•Minimum global standards, which we implement across all countries to ensure the foundations of our rewardofferings, meet levels determined by the Group irrespective of local market practices. Examples include globalstandards for parental leave and life assurance. |                    |          |                   |              |
| Ownership         | –We promote material participation in our all-employee share plan (myShare) to create stewardship and provideemployees with access to building longer-term financial security.–As at 31 December 2024, approximately 36,000 (2023: 34,000) of our employees across more than 30 countriesare shareholders in the company.–Employees invest approximately $26 million (2023: $24 million) in Rio Tinto shares every quarter through themyShare plan.–Employees eligible for LTIP awards receive these as either MSA