Company: RTNTF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001628280-25-006642
Chunk: 136

Company: RIO TINTO LTD
Filing Date: 2025-02-20
Form: 20-F
Chunk 136
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 climate-related matters.

| For additional informationsee our Strategiccontext and strategy sections on pages6-7. |

| Summary of 2024 activities:–Updated the Group’s operationaldecarbonisation pathway andassociated expenditure.–Engaged with investors and civil societyorganisations following the publicationof our 2023 Climate Change Report.–Approved the 2023 Climate ChangeReport and climate-related disclosuresin the 2023 Annual Report notes to thefinancial statements.–Approved the principles for inclusionin our2025 CAP.–Approved various projects thatsupport the growth in production oftransition materials and our internaldecarbonisation objectives.–Approved the Group’s strategy andscenarios, including the use of climatescenarios and the impact andopportunities arising from theenergy transition.–Incorporated new long-termdecarbonisation metrics in the 2024Performance Share Awards (PSAs) toincorporate 20% of the award beingbased on decarbonisation (People &Remuneration Committee).–Approved Group physical resilienceprogram (Sustainability Committee). |

| For more informationon the Board, theiractivities and composition see pages100-118. |

Sustainability Committee The Sustainability Committee is responsible for the oversight of key sustainability issues including social and environmental matters that are impacted by climate change, particularly those relating to water and biodiversity. An updated Terms of Reference has been drafted to reflect these responsibilities including oversight of physical resilience to climate change.

| For more informationsee pages117-118. |

Audit & Risk Committee The Audit & Risk Committee is responsible for risk management systems and internal controls, financial reporting processes and the relationship with the external auditors as noted in its committee charter. This involves the oversight of significant issues of judgement relating to the financial statements including those relating to climate, consideration of climate policies, and stress testing our strategy against selected scenarios. It also includes appointing and maintaining our relationship with the external auditors who assure GHG emissions and ensure the effectiveness of the risk management framework. People & Remuneration Committee The role of the People & Remuneration Committee includes the oversight of the Group’s remuneration structure, including the use of short- and long-term incentive plans for the Executive Directors, as reflected in its charter. This will include performance against strategic measures linked to decarbonisation. In 2024, 10% of the short-term incentive plan (STIP) and 20% of the long-term incentive plan (LTIP) were weighted towards decarbonisation, including the progress of our carbon abatement projects. See pages 119 -