Company: RTNTF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001628280-25-006642
Chunk: 228

Company: RIO TINTO LTD
Filing Date: 2025-02-20
Form: 20-F
Chunk 228
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 2025. While the published findings of the Everyday Respect Progress Review show people are still experiencing behaviours and attitudes in the company that are unacceptable and harmful, the public release of the 2022 Everyday Respect Report was a critical catalyst for culture change. We are more committed than ever to continue to transform our culture on what will be a multi-year journey. This change started with the implementation of recommendations outlined in the 2022 Everyday Respect Report , with longer-term actions, such as continued investment in facilities, ongoing. We firmly believe that our response to the 2022 Everyday Respect Report has established a solid foundation for building a more diverse workforce and inclusive culture. While there remains much to be done, we are encouraged by the progress and genuine effort across Rio Tinto and recognise culture change takes sustained effort. Pay in the broader context Our focus on pay equity is evident in our gender pay metrics. We continue to focus on fair and equal pay with a view to eradicating any pay gaps. Further details on our equal pay gap and gender pay gap, along with a wider discussion on diversity and inclusion, are provided in the ESG section of this report on pages 78 - 80 . In 2024, we achieved accreditation from the Fair Wage Network as a Living Wage Employer, following a Group-wide assessment of our employee remuneration. The living wage review showed that Rio Tinto employees, regardless of the work they undertake or where in the world they perform their work, are not paid less than what is considered a living wage. This reinforces our pay principles of fairness and equity, as well as competitiveness. As always, I welcome shareholder feedback and comments on our 2024 Directors’ Remuneration report. Yours sincerely, Sam Laidlaw People & Remuneration Committee Chair 19 February 2025

| Annual Report on Form 20-F 2024 | 122 | riotinto.com |

Directors’ report | Remuneration report

People & Remuneration Committee Chair Q&A What is the rationale for increasing salaries this year? Last year we communicated to shareholders that a significant gap remains between our executive pay and the companies against which we compete for the best talent. This poses significant risks to our ability to retain our executives. The Committee has a track record of taking a measured and conservative approach to remuneration and being mindful of shareholder expectations. Our conservatism usually means deferral of any significant changes to make sure of our assessments, and to allow us to engage with as many stakeholders as we can for feedback prior to implementation