Company: RTNTF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001628280-25-006642
Chunk: 117

Company: RIO TINTO LTD
Filing Date: 2025-02-20
Form: 20-F
Chunk 117
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aries, we have limited direct interaction with the end customer. Consequently, we have less influence and ability to engage on matters relating to decarbonisation with these refineries. In 2024, digestion improvement technology was successfully implemented at one of our bauxite customers’ operations. We also completed an overview and opportunity assessment of organics technologies, and conducted customer visits to present the portfolio of control options. Another key ESG priority for our bauxite customers is the significant challenge of managing bauxite residue. We are supporting our customers in the development of processing and reuses for this residue to reduce the environmental and safety impact of residue storage. In 2024, we pursued a testing program with one of our customers on converting bauxite residue into soil products for agriculture. 1. This is mostly via sweetening and improved digestion. In the longer term, this will be mostly through using renewable energy for the heat source, via hydrogen calcination and electric boilers.

| Annual Report on Form 20-F 2024 | 61 | riotinto.com |

Strategic report | Our approach to ESG | Climate Action Plan

Shipping

| Shipping decarbonisation targets–Reach net zero shipping by 2050across our shipping footprint.–Fulfil First Movers Coalition (FMC)pledge of 10% of time-chartered fleetto be running on low-carbon fuels1by2030 and progressing to 100% oftime-chartered fleet by 20402.–Reduce emissions intensity by 40%by 2025 (5 years ahead of the targetset by the International MaritimeOrganization [IMO]), and deliver 50%intensity reduction by 20303.–Enhance accuracy of emissionsreporting by using actual voyage datafor more than 95% of our cargoshipments by 2024. |

Our Scope 3 emissions from shipping and logistics are 8.9Mt CO 2 e. Of this, 5.2Mt CO 2 e (59%) is generated by our chartered fleet, and around 1.9Mt CO 2 e (21%) comes from shipping our products, where freight has been arranged by the purchaser. The remaining 1.8Mt CO 2 e (20%) comprises other logistics elements such as truck, rail, container movement and other logistics- related emissions. An additional 0.4Mt CO 2 e of Scope 1 shipping-related emissions is attributed to the vessels we own. As a major charterer transporting over 300