Company: RTNTF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001628280-25-006642
Chunk: 200

Company: RIO TINTO LTD
Filing Date: 2025-02-20
Form: 20-F
Chunk 200
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 taken account of these interests – The Board receives updates on the Group’s activities with suppliers, including metrics regarding how the Group has supported initiatives aimed at suppliers that are owned and operated by Indigenous groups. – Our Chair met with the Chair of Wuxi-Boton, a key supplier of conveyor belts to our global operations, located outside Shanghai, China. Our deep collaboration helps them continue to innovate in areas such as improving product performance and longevity, reducing carbon emissions in both manufacturing and operations, end of life recycling, and social projects.

| Annual Report on Form 20-F 2024 | 109 | riotinto.com |

Directors’ report

Board activities in 2024 The Board had 7 scheduled meetings in 2024. At every Board meeting, the Chief Executive and Chief Financial Officer report on the safety, operating, and business performance of the Group, and people, culture and values. In 2024, the Board reviewed its forward agenda of matters to be discussed, considered its constitution, composition, and performance, and reviewed any new or amended Group policies. The Board has ultimate oversight of ESG matters but has delegated responsibility for certain matters to the Sustainability Committee. Set out below are some of the specific matters that the Board considered during the year. In February, the Board: – Reviewed and approved the Group's 2023 full-year results and final shareholder returns, which had been considered by the Audit & Risk Committee. – Approved the Group’s 2024 Funding Plan. – Approved a proposal for the Group to manage the rehabilitation of Energy Resources of Australia’s Ranger Project Area. – Approved a proposal that New Zealand Aluminium Smelters sign 20-year electricity arrangements. – Considered an update on the renewable power purchase agreements in Queensland to support the repowering of Boyne Smelters Limited. – Approved an agreement to support the future environmental rehabilitation and remediation of the Gardanne industrial complex. – Approved notice to proceed for the development of the Simandou high-grade iron ore deposit in Guinea. – Considered an update on the Jadar Project. – Received updates on compliance: program developments, effectiveness, risks, and business integrity myVoice insights. In April, the Board: – Discussed a report covering the Group’s progress on cultural change. – Considered Board succession planning. – Reviewed detailed reports on lithium and exploration. – Received an update on the Simandou project. In May, the Board: – Approved an updated delegated authority framework. – Discussed a progress update on the Everyday Respect Report . – Approved the