Company: RTNTF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001628280-25-006642
Chunk: 128

Company: RIO TINTO LTD
Filing Date: 2025-02-20
Form: 20-F
Chunk 128
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.–In Canada, we advocated for the inclusion of high purity iron ore on Canada’s CriticalMinerals List as a key input into low-carbon steel manufacturing. |
| Additional areas of focus for 2025                                                                                                                                                                                                                                                                                                                  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| Growing demand for low carbon products                                                                                                                                                                                                                                                                                                              | –We will engage with the Australian government’s development of the Renewable Energy andProduct Guarantee of Origin certifications, to promote transparent and consistent disclosureof carbon intensity.–We will engage with the government of Quebec through public consultation on the future ofthe Cap-and-Trade scheme in Quebec, and support the inclusion of indirect emissions in theEU Carbon Border Adjustment Mechanism to support the production of low carbonaluminium.         |

Physical climate risk and resilience We will continue to enhance our resilience to a changing climate, aiming to ensure the long-term viability of our assets, our people, communities and broader value chains. We will: – Monitor risks across our operations and adapt our processes to make sure our sites are managed responsibly and safely for our people, surrounding communities, and the environments we work in, now and in the future. – Undertake physical climate risk financial modelling and enhance the accuracy and completeness of the data used for the analysis where possible. – Refine our physical resilience program based on the outcomes of the physical risk analysis. Physical climate risk refers to the negative effects of extreme weather and changing climate conditions, classified as 2 main types: – Acute climate risks: Sudden, severe events like tropical cyclones, wildfires, heatwaves, extreme rainfall, flooding, and hail. These can disrupt operations, damage infrastructure, impact communities, and increase operational costs. – Chronic climate risks: Gradual changes such as rising sea levels, increasing temperatures, and altered precipitation patterns. These can reduce resource availability, increase costs, affect productivity and workforce health, and impact supply chain resilience. Building resilience involves anticipating, adapting to, and recovering from these impacts to ensure the long-term viability of assets, people, communities and value chains. Our strategy and approach Our approach to physical climate risk and resilience is centred around 4 pillars that guide our risk management and our work on adaptation: 1. Weather/climate analytics and insights Across the Group, we use advanced weather and climate data products. These include short-term weather forecasts and severe weather forecasts that aid in operational planning and emergency responses. Climate outlooks support mine planning and resilience by providing insights into rainfall and cyclone patterns. Catastrophe modelling estimates financial impacts from extreme events. Long‑term climate change projections