IGO SUSTAINABILITY REPORT 2022— 59 Our Response to Climate Change At a Glance Climate change is the defining challenge of our time. As the impacts of climate change are increasingly being felt around the world, we understand our responsibility to act. But being resilient as a company is not enough. We know that IGO has a critical enabling role to play in the integration to a low carbon world, and we work actively to be part of the solution to climate change. The challenge that climate science sets, as so clearly stated in the IPCC Sixth Assessment report, is to decarbonise the global economy as quickly as possible. As such, climate change considerations are fully integrated into IGO’s strategic and operational decision making. We know that addressing climate change effectively requires businesses, governments, and society to work together. IGO acknowledges this changing global climate and accepts the position expressed by the IPCC. The IPCC Sixth Assessment report has provided the clearest evidence so far of the importance and urgency of transitioning to a net zero future. Given this, we support the intent of the Paris Agreement and global net zero ambitions. We acknowledge that in the COP26 Glasgow Climate Pact, governments resolved to pursue efforts to limit the global temperature increase to 1.5°C which requires rapid, deep and sustained reductions in global greenhouse gas (GHG) emissions. As a Company, we are accelerating the decarbonisation of our operations and pursuing efforts to limit the increase to 1.5oC above pre-industrial levels. 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. The following section summarises our current approach and future plans to accelerate decarbonisation, manage climate change-related impacts and leverage off the opportunities across the business, aligned with the recommendations of the TCFD. IGO have disclosed in line with the recommendations of the TCFD since 2017. Our disclosure is structured around the four thematic areas of the TCFD that represent core elements of how organisations operate, including our strategy, governance, risk management and metrics and targets. 26% Increase in solar power generation at the Nova Operation in FY22 $7M-$10M Internal carbon price to generate commitments of $7M-$10M of internal funding in FY23, to reduce our total carbon footprint and invest in decarbonisation projects across the business ($3.7M in FY22) Aspiration to be carbon neutral across our direct operations and activities by 2035 2035 Nova Core Yard Reducing our carbon footprint
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