Company: RTNTF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001628280-25-006642
Chunk: 247

Company: RIO TINTO LTD
Filing Date: 2025-02-20
Form: 20-F
Chunk 247
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  Considering both the reputation score and qualitative assessment the Committeedetermined an outcome of 82.5% of maximum. |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |     | Outcome:Above target(at 82.5% ofmaximum) |
| Fatality deduction                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |     |                                          |
| A deduction was applied to reflect the tragic work-related fatalities of 2024. Further detail is set out in the Annual statement by the People & Remuneration CommitteeChair.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |     |                                          |

| Annual Report on Form 20-F 2024 | 132 | riotinto.com |

Directors’ report | Remuneration report

Commentary on individual performance Jakob Stausholm Individual multiplier outcome: Not applied

| Strategic objectives                                                                                                       | Performance Assessment                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| Best OperatorStrong financial performance andprioritisation of Best Operator toenhance competitiveness(Outcome: At target) | –Delivered significant progress towards stable, sustainable operating performance with strong financial results, benefiting fromdiversified portfolio and progress on growth projects. Continued uplift in technical skills across the organisation.–Achieved a 1% increase in production alongside a 3% rise in sales volumes.–Accelerated the roll-out of SPS which is now in place at 31 sites (80% of our sites- up from 60% in 2023), underlining our commitment to bethe best operator. This included success in delivering our SPS target at our Pilbara Iron Ore operations of a 5Mt uplift.–Continued focus on performance required at IOC, Kennecott copper operations, and RTIT Quebec Operations to extract furthershareholder value.–Drove significant cultural transformation and leadership development that propelled our progress in 2024 toward becoming BestOperator.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| Impeccable ESGMaintain relentless focus onsafety; and advance ourdecarbonisation strategy(Outcome: At target)              | –We were devastated by the loss of 5 colleagues in 2024, the first work-related fatalities since 2018. Safety remains our highest priority.–On decarbonisation, delivered our most productive and promising year against our ambitions - reduced approximately 3Mt CO2e -keeping us on track to achieve our 2030 and 205