IGO SUSTAINABILITY REPORT 2022— 29 28 —IGO SUSTAINABILITY REPORT 2022 Our Approach to Sustainability Material Matters Description and IGO Response Stakeholder Boundary Read More Ethics, Integrity and Behaviours Acting in an ethical, responsible and transparent manner is fundamental to IGO realising the significant economic and sustainability benefits gained from building trust as a corporate leader, and to maintaining our social licence to operate. Our ethical framework, Code of Conduct and practices adhere to the highest levels of honesty, integrity, compliance and transparency. As a purpose-led organisation with strong, embedded values and a culture of caring for our people and our stakeholders, we believe business integrity is more than just compliance it is about doing business right and in accordance with our values. This responsibility is owned by everyone who works for IGO and is centred around our culture of care. This ethos forms our judgements about both desirable and undesirable behaviour. 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. Internal, External Business Integrity Page 85 Innovation and Technology We will continue to invest in organisational capability, innovation and technology to optimise the implementation of our strategy, and our commitment to a clean energy future. We will achieve this by embracing renewable energy to reduce our carbon footprint; advanced sensing technology to improve exploration techniques and land disturbance; automation and electrification to drive and create the carbon neutral mines of the future; and innovative concepts, such as the IGO ProcessTM, to improve recovery of the valuable metals from ore. In addition to this, we maintain an awareness and vigilance in respect to any cyber risks. Internal, External Our Approach to Sustainability Page 23 Our Financial Contributions Page 93 Industry Skill Shortages and Tightening Labour Market The mining industry’s contribution to Australian innovation and growth depends upon high value, high skill, and high reward jobs in a diversity of professions, including engineers, environmental scientists, geologists, geophysicists and financial professionals. We have an ongoing requirement to ensure a supply of skilled workers enter and remain in the industry. IGO are committed to providing opportunities to develop future generations in our industry and organisation. We will continue to focus on future graduates and school students, encouraging them to pursue STEAM career pathways and promoting the opportunities in mining to mitigate future skill shortage risks. Internal, External Our People Page 37 Environment and Biodiversity Exploration and mining activities inherently disturb the natural environment and potentially impact the livelihoods of landholders, local communities and Traditional Owners. Core to maintaining our social licence to operate is applying best practices to prevent, minimise and rectify impacts. We have an ongoing commitment to making a real but proportionate contribution to addressing environmental challenges such as climate change, biodiversity loss, deforestation, water and air pollution, soil degradation or loss, and waste management. Internal, External Environment Page 77 Sustainability Framework and Policy Alignment We are committed to the management and disclosure of economic, social, governance and environmental risks, opportunities, and performance. We align and engage with industry and global best practice standards, reporting frameworks and public policy. We report against various best practice standards and frameworks, including the TCFD, GRI and the SDGs. We will continue to engage on issues of public policy, improved sustainability disclosure and framework development. Internal, External Our Approach to Sustainability Page 23 Material Matters Description and IGO Response Stakeholder Boundary Read More Community Engagement and Regional Development It is important that we deliver shared value and ensure that our contributions make a positive impact on the longterm vibrancy and sustainability of our host communities, landholders, and Traditional Owners of the land in which we operate. Our host communities have been significantly impacted by COVID-19 over the last two years, and we are committed to supporting their recovery and long-term sustainability. External Traditional Owners and Communities Page 51 Responsible Supply Chain Management Our supply chain partners are crucial to IGO’s success. Our approach to responsible sourcing is aligned to our purpose and strategy, ensuring the quality products we supply are made safely, ethically, sustainably and reliably. This extends further than our immediate operations and activities. The changing sentiment of conscious consumers choosing ‘responsible’ brands and sustainably produced products is driving companies to consider their supply value chain by ensuring responsible production and having a clear oversight of their product end use. IGO expect all suppliers to maintain the highest standard of ethical behaviour in business dealings. We seek to engage like-minded suppliers and business partners who are committed to, at a minimum, operating in a safe, lawful and competitive manner. External Business Integrity Page 85 Economic Opportunity and Financial Contributions We aim to create strong communities by acting as a catalyst for enduring economic prosperity through employment and business opportunities, and by creating a more inclusive supply chain that generates shared sustainable prosperity in the communities around our operations and activities. IGO is proud to contribute to a clean energy future. Success in delivering our business strategy enables us to share the benefits our business creates and help sustain local and regional economies. Our shareholders expect that IGO will deliver on our publicly stated operational and financial guidance in a safe and sustainable manner. Internal, External Our Financial Contributions Page 93 Capital Allocation and Growth Our shareholders expect us to allocate capital, deliver on our business strategy and seek the discovery of new resources. An important aspect is our ability to innovate and apply different technologies. This creates growth opportunities and enables us to deliver direct and indirect economic value to our stakeholders. The mining sector continues to face operating cost inflation, including labour costs, energy and input costs. In order to deliver our disciplined growth strategy and maintain our strong financial position, we must continue to deliver on financial improvement targets and deploy technologies and other innovations to mine more safely, efficiently and productively. Internal, External Our Financial Contributions Page 93 Tailings Management Stakeholders are increasingly interested in TSFs and waste management. We are transparent about our integrity controls and our performance in managing them. The monitoring and management of tailings storage facilities and associated water consumption and discharge is not only a major factor in our legal compliance and licencing, but improving our social licence to operate. Internal, External Environment Page 77
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