Company: RTNTF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001628280-25-006642
Chunk: 111

Company: RIO TINTO LTD
Filing Date: 2025-02-20
Form: 20-F
Chunk 111
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 local partners to investigate REDD+ and mangrove restoration projects. Through a $2.1 million investment over 2 years, we are also working with BirdLife International and Aves Argentinas to scale up a large native grasslands management carbon project in Argentina. In Mongolia, we partnered with EarthShot, URECA and the Wildlife Conservation Society to investigate opportunities for sustainable forest management projects. 4. In addition to Additionality, Quantification, Permanence, and Social and Ecological Safeguards, we now consider Governance (within the latter) and added Sustainable Development and Nature Positive Outcomes. 5. United Nations Climate Change: ‘REDD’ stands for ‘Reducing emissions from deforestation and forest degradation in developing countries. The ‘+’ stands for additional forest- related activities that protect the climate, namely sustainable management of forests and the conservation and enhancement of forest carbon stocks.

| Annual Report on Form 20-F 2024 | 57 | riotinto.com |

Strategic report | Our approach to ESG | Climate Action Plan

Meeting our regulatory obligations We operate in many jurisdictions that have implemented carbon pricing regulations that cover our Scope 1 emissions. These include Australia, Canada, California, the EU and New Zealand where approximately 83% of our Scope 1 emissions or 64% of our total emissions are covered by these regulations. Australia - Safeguard Mechanism We have significant emissions in Australia, and are required to comply with the Safeguard Mechanism. We source high quality ACCUs from savanna fire management, human-induced regeneration (HIR) and environmental planting (EP) projects, while seeking to: – Partner for the long term with Indigenous project developers. These projects can bring multiple benefits in addition to fire management and nature repair, with carbon finance reinvested into the communities to support training, employment and enhanced connection to Country. For example, near our operations in the Northern Territory we are supporting Arnhem Land Fire Abatement, an Aboriginal-created, owned and operated not-for-profit carbon business. Closer to our operations in Far North Queensland, we are supporting several projects, including the Aurukun Savanna Burning Project and the Oriners & Sefton Savanna Burning Project. – Continuously strengthen our due diligence process. We use a range of geospatial tools and approaches to assess the design and performance of HIR and EP projects, including satellite imagery analysis and land cover classification. This enables us to assess the integrity of projects by monitoring, verifying and quantifying vegetation growth and land