Company: RTNTF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001628280-25-006642
Chunk: 80

Company: RIO TINTO LTD
Filing Date: 2025-02-20
Form: 20-F
Chunk 80
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, decarbonisation can still be good economics. Our projects are typically net present value positive or neutral and enhance the value of our business by reducing our exposure to volatile fossil fuel prices and higher carbon penalty costs. Our decarbonisation investment process is rigorous and rational and it aims to secure structural, long-term, cost-efficient, low-carbon alternative energy supplies. We are also supporting our customers and suppliers in reducing emissions from our value chain, particularly those from steelmaking. We are acting now and investing in breakthroughs such as BioIron™ and electric smelting to scale up these new technologies. While we still have a long way to go, I am proud of the progress our teams have made so far. Our Climate Action Plan creates long- term value for our shareholders which is why we are recommending it for their approval at our annual general meetings. Jakob Stausholm Chief Executive

About this Climate Action Plan and our reporting obligations Our first Climate Action Plan (CAP) was approved by investors at our 2022 AGMs. At that time, we included a commitment to report on our progress annually and update the CAP every 3 years. This updated 2025 CAP retains our commitments to decarbonise our assets and work with customers and suppliers to reduce our value chain emissions. It also shows how the energy transition is at the heart of our strategy. The Board will put this updated CAP to shareholders for a non-binding advisory vote at the 2025 AGMs. In 2024, for the first time, we have fully integrated climate disclosures into our Form 20-F. This aligns with our commitment to continually improve our reporting and align with emerging standards, including the International Sustainability Standards Board (ISSB) International Financial Reporting Standard (IFRS) for climate-related disclosures (S2). We support the ISSB’s goal to harmonise disclosures about transition plans, and have also considered the key principles of the Transition Plan Taskforce (TPT) Framework in setting out our CAP. Our reporting is also guided by the CA100+ Net Zero Company Benchmark and their Standard for mining companies.

| Image:The solar photovoltaic and windpower plants at our Diavik diamond mine inCanada's Northwest Territories. |

| 2024 at a glance                                                             |     |                                                   |     |                                                            |     |                                               |
| Gross Scope 1 and 2emissions30.7Mt CO2e(adjusted equity),(2023: 33.9Mt CO2e) |     | Scope 3 emissions574.