Sustainability Report 2021

Our Response to Climate Change As a Company, we are acting and will continue to act in addressing climate change and will pursue efforts to limit the increase to 1.5 o C. IGO aspires to be leaders in the acceleration to carbon neutrality. We aspire to be carbon neutral across our direct operations and activities by 2035, if not sooner, and will continue to develop a decarbonisation strategy addressing our supply chain and Scope 3 emissions. During FY20, we collaborated with external experts to build on our existing climate change risk and opportunity identification and management processes, including application of scenario-based analysis. The intent of this work was to broaden the range of impacts considered, stress-test current business and financial strategies, and improve our resilience using the outcomes. In FY21, we further improved our governance, strategy and emission targets disclosure. We have introduced internal and shadow carbon pricing mechanisms to improve management actions in addressing climate change risk and incentivise decarbonisation of our business. Climate change governance, strategy, risks and opportunities are integrated into our strategic thinking and clean energy strategy. The following sections summarise our current approach and future plans to manage climate change-related impacts and opportunities across the business, aligned with the recommendations of the Taskforce on Climate-Related Financial Disclosures (TCFD). This chapter is structured around the two pillars of our climate change response – supplying products critical to a clean energy future and reducing our total carbon footprint. However, the four thematic areas of the TCFD that represent core elements of how organisations operate are integrated into our response and addressed throughout, including our governance and risk management. The global ambition on climate change as articulated by the Paris Agreement and corresponding emissions goals is clear. IGO’s commitments align to this global ambition. However, translating commitments into meaningful outcomes will require unprecedented effort and co-operation between businesses, consumers, governments and investors. We believe that we can be part of the solution both regionally and globally, and that our portfolio is uniquely positioned to meet the demands of building a green energy, low-carbon economy. Climate Change Policy Climate change is a critical global challenge, and its human causes must be addressed by all parts of society. At IGO, we care about the environment and take action on climate change. Therefore: We aspire to being carbon neutral across all operations and activities by 2035 We support greater use of renewable energy and other cost effective low- emission technologies, improved energy efficiency and its application in our operations We support an effective binding global agreement on climate change We continue to ensure that climate change is part of our planning process We support a price on carbon and other market mechanisms that drive reduction in greenhouse emissions and incentivise innovation We engage with our peers, governments and society to share solutions and participate in the debate required to create effective public policy on climate change We help our host communities, and equip our operations, to adapt to the physical impact of climate change We believe that clean energy, including renewable energy generation, grid scale energy storage and the electrification of transport, is central to limiting the human causes of climate change. We believe that clean energy will make the planet a better place for generations to come. Our teams are finding and producing the specialist metals that will make clean energy storage mobile, efficient and effective enough to make long-term improvements to the lifestyle of hundreds of millions of people across the globe. Nova's Operations Team 54 —IGO SUSTAINABILITY REPORT 2021