Company: RTNTF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001628280-25-006642
Chunk: 127

Company: RIO TINTO LTD
Filing Date: 2025-02-20
Form: 20-F
Chunk 127
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 the developmentof a competitive and sustainable low-carbon liquid fuels market. | –We published a briefing paper on Transitioning our Diesel Fleet, including outlining policysupport required.–In Australia, we advocated for supply side mechanisms to support the development of acompetitive renewable diesel market in our submission to the Future Made in Australia: LowCarbon Liquid Fuels consultation process, and the development of sectoral decarbonisationplans, and provided technical input into the development of an Australian renewable dieselstandard.–We submitted support for the development of a new Australian Carbon Credit Unitmethodology to incentivise sustainable biogenic feedstock projects in Australia.–We advocated for reporting frameworks that enable recognition of emissions reduction frombiofuels use and certification of full value chain carbon intensity. |

| Annual Report on Form 20-F 2024 | 66 | riotinto.com |

Strategic report | Our approach to ESG | Climate Action Plan

|                                                                                                                                                                                                                                                                                                                                                     | 2024 Activities                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| Progressing decarbonisation plans for the aluminium industryDecarbonisation of hard to abate energy intensive processingactivities requires significant investment in technologydevelopment and deployment, and support which ensures globalcompetitiveness of these sectors through the transition in theabsence of a global carbon price.         | –In Australia, we undertook extensive engagement with state and federal governmentdepartments to increase awareness of the aluminium value chain, decarbonisation pathwaysand economic considerations. We advocated for support for the transition and decarbonisatonof these industries in our submissions to the Future Made in Australia: Unlocking GreenMetals Opportunities consultation and the development of the Industrial SectorPlan (ongoing).                                   |
| Climate-related financial reportingWe support the development of frameworks that encouragetransparency and provide the key disclosures required for investorsand other external stakeholders to compare progress against climateambitions, enhance competitiveness in global markets, attractinvestment and accelerate the transition of economies. | –We provided feedback by our Australian industry associations on Treasury’s Exposure DraftLegislation and the AASB S2 Exposure Draft supporting alignment with internationalstandards to balance increased transparency with efficiency of reporting and comparability ofdata.                                                                                                                                                                                                              |
| Providing the materials and minerals essential to theenergy transition                                                                                                                                                                                                                                                                              | –In Australia, we advocated for the inclusion of copper, aluminium, alumina and bauxite intoAustralia’s revised Critical Minerals List as they are central to the clean energy transition(high-purity alumina was already on the list). Subsequently, aluminium and copper wereincluded in a newly formed Strategic Materials List