Company: RTNTF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001628280-25-006642
Chunk: 182

Company: RIO TINTO LTD
Filing Date: 2025-02-20
Form: 20-F
Chunk 182
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 disciplined capital allocation framework and commitment to prudent financial policy – the pay-out shareholder return policy being based on earnings – the focus on striving for impeccable ESG credentials and therefore strengthening our social licence, which allows for growth and maintaining access to debt capital and bank loan markets. Therefore, considering the Group’s current position and the robust assessment of our emerging and material risks, the Directors have assessed the prospects of the Group over the next 5 years (until 31 December 2029) and have a reasonable expectation that we will be able to continue to operate and meet our liabilities as they fall due over that period. In the long term, there are 4 material risks with long-dated consequences that could have a material impact on our viability: – preparing our iron ore business to meet demand for low-carbon steel (material risk 2) – minimising our impact on the environments we work in and building physical resilience to changes in those environments, including climate change and natural hazards (material risk 4) – being responsible operators throughout the entire life of our assets – from discovery to closure (material risk 5) – delivering our growth projects (material risk 7). The risk factors section provides further details.

| Annual Report on Form 20-F 2024 | 91 | riotinto.com |

Strategic report | Our approach to risk management

Risk factors The material risks outlined in this section could materially affect our ability to meet our strategic objectives. They could materialise from a combination of external or internal factors and manifest or escalate from any part of the business as an opportunity or threat. To ensure we can prioritise our efforts and resources, we regularly assess the materiality of our material risks in terms of potential consequence and likelihood. This allows us to implement responses that reduce negative impacts and realise the benefits of opportunities. These assessments, and the effectiveness of our associated responses, reflect management’s current expectations, forecasts and assumptions. They involve judgement and can be affected by unexpected changes in our external environment. While we endeavour to reduce negative impacts to our business, some inherent risks remain. However, we closely monitor these threats and have developed business resilience plans. The material risks mapped below are based on our managed operations. We are also exposed to risks associated with our non- managed joint ventures which, if they arise, may have consequences on our reputation or finances. We seek to bring an equal level of rigour and discipline to our managed and non- managed joint ventures as we do to our wholly-owned assets, through engagement with partners, embedded representatives and influence,