Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]In 2015, we supported the adoption of the Paris Agreement and the long-term goal to limit global average temperature rise to well below 2°C and to pursue efforts to limit warming to 1.5°C.
Climate change is a material and strategic topic for Rio Tinto and is therefore part of ongoing discussion and analysis at the most senior levels of management and the Board. It is also
a key topic when the Board and Executive Committee engage with investors and civil society organisations.
The Board approves our overall strategy, our policy positions and the Climate Change Report. It sets the short-, medium- and long-term emissions targets and monitors performance against the targets and
operational resilience. The Chairman is the Board member responsible for our overall approach to climate change.
The Sustainability Committee has oversight of key sustainability areas that may be impacted by climate change, such as biodiversity and water, including the effectiveness of associated controls.
The Sustainability Committee also reviews industry association engagement. Other Board committees also address particular climate issues such as how we consider our scenarios in our Financial Statements (Audit Committee) or the integration of climate-related performance metric
We continue to encourage our industry associations to align their advocacy with the goals of the Paris Agreement. We review the climate advocacy of our industry associations each year, publish
this review on our website and consider it when we decide whether to renew our membership. This review includes:
– The purpose of the association and the value that the membership may provide to Rio Tinto and its investors;
– The adequacy of governance structures within the industry association; and
– The policy positions and advocacy of the industry association.