Company: RTNTF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001628280-25-006642
Chunk: 253

Company: RIO TINTO LTD
Filing Date: 2025-02-20
Form: 20-F
Chunk 253
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1. In line with Policy, the grant price for PSA is determined by reference to the average share price for the calendar year prior to the year of grant. The grant price of £51.35 represents the Rio Tinto plc average share price for 2024. Performance measures For PSAs granted in 2024 and 2025, 80% of the award is based on relative TSR measured on a weighted ranked basis against constituents of a sector and a broader market index. Two-thirds of the TSR element will be measured relative to sector peers (constituents of the S&P Global Mining Index) and the remaining one-third measured against a broader market reference point (constituents of the MSCI World Index). The remaining 20% of the award will be based on strategic measures linked to decarbonisation.

| Performance measures                                        | Threshold(22.5% of maximum) | Maximum(100% of maximum) | Weighting |
| Relative TSR vs constituents of the S&P Global Mining Index | Median                      | Upper quartile           | 53.3%     |
| Relative TSR vs constituents of the MSCI World Index        | Median                      | Upper quartile           | 26.7%     |
| Decarbonisation scorecard                                   | see page135                 | see page135              | 20.0%     |

| Annual Report on Form 20-F 2024 | 135 | riotinto.com |

Directors’ report | Remuneration report

Decarbonisation Given the scale and complexity of our emissions portfolio and our decarbonisation ambitions, as well as the multi-year timeframe for this transition, performance and progress will be assessed using a balanced scorecard. The decarbonisation scorecard includes a combination of metrics that address opportunities and risks from the energy transition to incentivise long-term competitive advantage. The balanced scorecard includes the following 4 equally weighted elements assessed over the 3-year performance period:

| Objective             | Details                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
| Residualemissions     | –This provides a measure of actual reduction in Scope 1 and 2 emissions with targets set taking into account the Group’s stated ambition of a50% reduction by 2030 (relative to our 2018 baseline). Achieving the maximum outcome would be consistent with the linear trajectoryrequired to achieve the 2030 ambition.–The Committee will take into account the relative contribution of nature-based offsets directly associated with Rio Tinto landholdings or thoseof its joint ventures when assessing