IGO SUSTAINABILITY REPORT 2022— 11 10 —IGO SUSTAINABILITY REPORT 2022 Overview Our Strategy Strategic Pillar FY22 Key Focus Areas Producing a diverse suite of products made safely, ethically, sustainably and reliably • Diversified our commodity suite to produce key metal products for the battery storage and electric vehicle industries – lithium, nickel, copper and cobalt • recorded consistent improvements in our lead safety indicators and retained our focus on improving lag safety performance indicators; and • reduced overall carbon emissions across our controlled operations. Being customer focused - connecting with end users through vertical integration • Successfully transitioned to downstream processing of lithium hydroxide from our Kwinana Refinery, in joint venture with Tianqi; and • committed to exploring our opportunity to invest in a downstream nickel sulphate processing facility, enabled by the acquisition of Western Areas. Committing to being carbon neutral • Implemented our internal carbon price which created $3.7M of internal funding in FY22 for carbon removal and offset programs, to reduce our total carbon footprint and invest in decarbonisation projects across the business; and • committed to expansion of the solar farm at Nova, which will enable the Operation to run on 100% solar energy for extended periods over summer and spring. Engaging with our people who are bold, passionate, fearless and fun – a smarter, kinder, more innovative team • Increased our level of engagement with our team across multiple key areas, as measured by our FY22 Engagement Survey • continued to enhance our employee value proposition through new financial and non-financial benefits; and • maintained our focus on fostering our unique culture. Informed by our purpose, Making a Difference, our strategy is to become a globally relevant supplier of metals-based products that are critical for clean energy – to create a better planet. We are committed to delivering this strategy by: • producing a diverse suite of products made safely, ethically, sustainably and reliably • connecting with end users through vertical integration • committing to being carbon neutral; and • engaging with our people who are bold, passionate, fearless and fun – a smarter, kinder, more innovative team. In FY22, we have continued to grow and diversify our business in line with this strategy while also delivering on our commitment to our people and the environment. Our FY23 strategic priorities include: • maintain our focus on safety and care for our people and communities • successfully integrate the Western Areas assets into our nickel business • complete and deliver on an optimised project development strategy for Cosmos • complete technical studies and progress permitting for the Silver Knight development project • progress a pre-feasibility study into the potential development of Mt Goode • commence our evaluation of the opportunity to establish a downstream nickel sulphate operation • support our joint venture partners in executing brownfields growth in both our upstream and downstream lithium business • deliver exploration success, leveraging our best–in–class team and the latest technology and innovation • continue to develop our company-wide decarbonisation plan; and • complete and implement a Reconciliation Action Plan. Key Strategic Imperatives Operations We are in control, deliver on our promises, and continuously strive to do better. Governance We are enabled with systems, processes and technology to drive success. Planet We make a positive contribution towards decarbonisation and a better planet. Stakeholders We are a valued part of our communities and make a positive contribution. Innovation We unlock, share and act on ideas to transform our business at all levels. Growth We drive transformation through M&A, vertical integration and discovery. Customers We deliver quality products safely, ethically, sustainably and reliably. Financial We enable our growth through the optimal allocation of capital and funding solutions. People We are bold, passionate, fearless and fun – a smarter, kinder, more innovative team. Safety andWellbeing We keep ourselves safe and healthy and care about each other.
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