Environment In order to produce and explore for the metals and products supplying a green energy future, we work in some of Australia’s most biologically, ecologically and culturally rich environments. Our approach to environmental stewardship aims to promote positive, lasting environmental outcomes in the areas we operate. We seek to avoid, minimise and mitigate adverse environmental impacts at all stages of the operational life cycle. Responsible environmental management plays a significant role in maintaining our social licence to operate, and our commitment to doing what is right drives our environmental stewardship efforts. However, we acknowledge that producing the products the world needs means we have an impact on the environment. Water management is a key part of IGO’s environmental strategy, and its effective management is fundamental to the sustainability of our operations, and the ecosystems and communities in which we operate. In FY22, three projects were identified to improve water management and reduce our bore water abstractions at the Nova Operation. These projects resulted in a significant 22% reduction in groundwater withdrawal. Similarly, actively managing our land use pressures and biodiversity impacts is essential to deliver on our environmental commitments and to protect the flora and fauna in the areas we operate. In FY22, IGO completed environmental impact assessments for the Albany Fraser Oregon (AFO), Kimberley and Paterson exploration projects. As we progress towards our strategic aspirations, carbon neutral strategy and sustainability framework, we are working hard to protect the environment and minimise our impacts. Read more about IGO’s environmental management in the 2022 Sustainability Report. of materials were recycled at our Nova Operation in FY22 567t land disturbance in FY22, 17% decrease from 139ha in FY21 115ha decrease in groundwater withdrawal at the Nova Operation 22% Business Integrity At IGO, our clarity of purpose and strategy is underpinned by a commitment to conduct business in accordance with our values. We believe that the responsibility of business integrity is owned by everyone who works for IGO and is centred around our culture of care. Important among the desirable behaviour is the expectation that we act with honesty, transparency and accountability, and we care about how our actions may impact others. To give effect to these expectations, we have established structures and processes with the intent of ensuring business integrity. The central elements are IGO’s Code of Conduct, our governance process, our risk management process, and our compliance and systems, which have been established to drive continual improvement. During the year, a full review of our Code of Conduct was undertaken, which resulted in a simplified document that focuses on what is the minimum standard of behaviour that we expect of all our people working for and on behalf of IGO. It is designed to be an easy-to-use tool to help our people make decisions at work that are aligned with our purpose and values and the way IGO wants to conduct business. IGO has two well-established assurance processes to ensure the ongoing integrity of our systems: IGO’s Corporate Assurance Program and IGO’s Speak Up process. IGO’s Corporate Assurance Program is comprised of internal and external audit, operating reviews and inspections. External audit is primarily targeted at financial management and IGO’s internal audit process is based on the progressive review of those elements of the IGO management operating system that control high-risk business processes. Revised Code of Conduct adopted New external independent Speak Up reporting platform launched New Conflict of Interest Standard adopted Second Modern Slavery Statement Released FY21 Tax Transparency Report Released Our Financial Contributions IGO is proud to contribute to a clean energy future, and we will continue to invest in our commitment to being a sustainable business. Success in delivering our strategy enables us to help sustain local and regional economies by sharing the benefits our business creates. In FY22, 73% of our suppliers of goods and services were located locally or with Western Areas. Our financial contributions provide our stakeholders with the confidence that we are sharing value through taxes, royalties, and employment and procurement opportunities, in addition to building communities by investing in education and training. IGO continues to support the host communities and local governments where our operations are located, and our goal is to leave host communities in a better economic and social position than when we arrived. Acting in an ethical, responsible and transparent manner is fundamental to the way we conduct our business, in accordance with our values. Our direct economic impact is largely centred in Western Australia. We seek to invest first locally to support the economic development in the communities closest to where we operate. This is followed by regional investment within Western Australia, then nationally and finally internationally. IGO’s economic contributions are measured by the dividends we pay, salaries and other employment benefits we provide to our employees, the money we spend on contractors and consultants, taxes and royalties paid, and payments made through our corporate giving activities. total spend on Aboriginal owned or managed businesses in FY22, an increase of 29% on FY21 $8.0M of our suppliers of goods and services are located locally or within Western Australia 73% IGO ANNUAL REPORT 2022— 45 44 —IGO ANNUAL REPORT 2022
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