Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Developed a suite of environmental standards that define IGO’s minimum requirements for impact assessment, water management, mineral waste management, mine closure and land management.
• Nova solar farm construction approved

Social Achievements

• Implemented a renewed community engagement strategy and approach to corporate giving which has had immediate and tangible benefits.
• Continued to invest in our people with the intention of creating a culture of empowerment, ownership and caring; a culture driven by leaders and positive behaviour.
• Expanded flexible working arrangements and introduced a new paid paternity leave scheme.
• Commenced royalty payments to the Ngadju people in accordance with the land access agreement that enabled the development of the Nova Operation.

Governance Achievements

• Redefined our business purpose to provide clarity to all of our stakeholders.
• Became a signatory to the Tax Transparency Code and improved remuneration reporting.

Climate Goals & Targets

Environmental Challenges

• Impacts associated with the divestment of our Jaguar and Stockman assets and the Long Operation’s transition to care and maintenance on our people and our host communities.
• Significant increase in land clearing to enable access for exploration equipment.
• Too many potentially serious safety incidents; near misses where someone could have been seriously injured or worse.

Mitigation Strategies

• Significant planning went into the transitional activities associated with asset divestment and operational transitions, including best-practice employee and community engagement.
• Land clearing informed by understanding of actual and potential impacts, statutory obligations, consultation with Traditional Owners and pastoral lease holders, and the expectation to rehabilitate the affected country.
• Ongoing body of work to improve workplace safety, systems and culture to ensure the safety of our people and the broader community.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI

Certifications: Null

Third-party Assurance: BDO Audit (WA) Pty Ltd

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Nickel and cobalt sulphate

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Climate Change & Decarbonisation
• Traditional Owner Relations
• Community Engagement & Regional Development
• Safety, Health & Wellbeing of our People
• Our People, Our Culture
• Environment & Biodiversity Management
• Governance & Risk Management

Environmental Achievements

• Nova Operation ran on 100% renewable power for extended periods during summer and spring months, reducing carbon emissions.
• 153ha of land rehabilitated.
• 57% per month reduction in groundwater extractions at the Nova Operation.
• Zero significant environmental incidents.

Social Achievements

• Launched and progressed first Innovate Reconciliation Action Plan.
• Expanded Paid Parental Leave Policy to 26 weeks.
• $793K invested in corporate giving initiatives.
• 88% of employees reported a work environment accepting of diverse backgrounds.
• Zero significant community incidents.

Governance Achievements

• 57% female representation on the Board.
• Implemented stronger risk assessment and due diligence processes.
• Introduction of compulsory Cyber security training.
• No material breaches of Code of Conduct, Anti-Bribery and Corruption Standard and Fraud Control Plan.

Climate Goals & Targets

Environmental Challenges

• Total Reportable Injury Frequency Rate (TRIFR) increased from 14.1 in FY22 to 16.0 in FY23.
• Cosmos Project faced challenges relating to capital and operating cost escalation, delays in development and challenges to the mine production schedule.
• Increase in IGO’s total Scope 1 and 2 emissions due to the acquisition and consolidation of Forrestania and Cosmos assets.
• Potential for disruption to operations associated with water stress impacts at Greenbushes.

Mitigation Strategies

• Accelerated key programs including Critical Control Management, Safety Management Systems and Safety Leadership.
• Undertaking a comprehensive review of the Cosmos Project to understand risks and opportunities.
• Investing in decarbonisation projects and trials across managed operations (e.g., Nova solar farm expansion).
• Undertaking a detailed physical resilience assessment for the Cosmos Project.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Code of Conduct
• Supplier Sustainability Requirements
• Preferential selection process for local suppliers.

Climate-Related Risks & Opportunities

Physical Risks

• Heat waves
• Bushfires
• Heavy rainfall
• Water stress
• Supply chain disruptions

Transition Risks

• Carbon pricing
• Environmental licence conditions
• Water regulations
• Changes to diesel fuel tax credits
• Mandatory climate-related financial disclosures

Opportunities

• Increased demand for clean energy products
• Downstream processing opportunities
• Integration of renewable technologies

Reporting Standards

Frameworks Used: GRI

Certifications: ISO 14001, ISO 9001

Third-party Assurance: BDO Audit (WA) Pty Limited

UN Sustainable Development Goals

• Not disclosed

IGO’s approach to sustainability and sustainability framework is aligned to the UN SDGs.

Sustainable Products & Innovation

• IGO Process™ for nickel sulphate production

Awards & Recognition

• Australian Mining Prospect Awards - Excellence in Environmental Management and Sustainability
• Financial Times Climate Leaders Asia Pacific 2023
• Work180 Top 101 Workplaces for Women
• AAGE Top Intern Programs for 2023