Company: RTNTF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001628280-25-006642
Chunk: 254

Company: RIO TINTO LTD
Filing Date: 2025-02-20
Form: 20-F
Chunk 254
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% of Group revenue ondecarbonisation research anddevelopment spendAt least one project intoimplementation totalling 500kt annualabatement                                                                                                                       | 0.5% of Group revenue ondecarbonisation research anddevelopment spendAt least 2 projects into implementationtotalling 750kt annual abatement                                  |
| 2024 performance update:Tracking to target - spend on research and development is tracking within target range, with several projects expected to proceed intoimplementation later in the performance period.                                                                                                                                                                                                                     |               |                                                                                                                                              |                                                                                                                                                                                                                                                                    |                                                                                                                                                                               |
| Transition strategyAlignment of decarbonisationactivity with value creation                                                                                                                                                                                                                                                                                                                                                       | 5%            | Average score of at least 6 out of 10representing more limited progress                                                                      | Average score of at least 8 out of 10representing good progress towardsstrategic goals, some areas ofoutperformance, substantially achievedor on track to deliver major objectives,or progress with no major failures orimpacts on broader performance of theGroup | Average score of at least 9 out of 10representing significantoutperformance of expectations,implementation achieved or a majornew advancement with scope formaterial benefits |
| 2024 performance update:Tracking around threshold – significant progress including signing new repowering contracts for our Pacific Operations, including atBoyne Smelters and New Zealand Aluminium Smelter to strengthen their future. For ELYSIS™ implementation, commitments have been made to install carbon-free aluminium smelting cells at Arvida using the first technology licence issued by the ELYSISTMjoint venture. |               |                                                                                                                                              |                                                                                                                                                                                                                                                                    |                                                                                                                                                                               |

The Committee will retain discretion in determining vesting outcomes and where required will adjust targets or baselines in relation to any material changes to the portfolio, such as following acquisitions, divestments or closure .

| Annual Report on Form 20-F 2024 | 136 | riotinto.com |

Directors’ report | Remuneration report

Executive Directors’ shareholding In line with our share ownership policy, Executive Directors’ shareholdings are set based on owning a fixed number of Rio Tinto shares.

| Executive Director | Year requirementneeds to be met |                  | Effective holding of Rio Tinto plc ordinary shares |         |         |
|                    |                     Requirement | 31 December 2024 |                                   31 December 2023 |         |         |
| Jakob Stausholm    |                            2025 |                  |                                            120,000 | 193,740 |