Climate Change Data

Environmental Metrics

ESG Focus Areas

• Safety
• Environment
• Social Responsibility
• Governance

Environmental Achievements

• Replacement of diesel pastoral bores at the Jundee Station with solar/battery systems
• Zero materially adverse environmental incidents
• Zero regulatory fines for environmental incidents/non-conformance

Social Achievements

• LTIFR reduced by 65% to 1.8
• TRIFR reduced by 30% to 14.3
• Female participation rate increased by 21% to 17.1%
• Aboriginal Ranger Programs activated at Jundee, Kalgoorlie and Central Tanami Project
• Graduate intake of 21 professionals, 29% female
• Community Investment of A$525,000

Governance Achievements

• Board restructure, appointment of first female Director
• Voluntary publication of the 2017 Tax Corporate Governance Statement

Climate Goals & Targets

Environmental Challenges

• Musculoskeletal injuries prevalent in heavy-duty work environments
• Climate change risks and potential impacts on business
• Managing legal compliance obligations effectively and efficiently

Mitigation Strategies

• Introduction of the Manual Tasking and Musculoskeletal Health Project
• Inclusion of climate change risks and associated risk management strategies within corporate risk register
• Embedding legal compliance risk management within broader risk management and governance frameworks

Supply Chain Management

Supplier Audits: Contractor screening implemented; requirement for major contractors to disclose supply chain audits for human rights abuses.

Responsible Procurement

• Contracts Policy (NSR-FIN-035-POL) outlines framework for tender process; assessment of suppliers based on health and safety, environmental systems, experience, financial and technical capabilities, and Social Responsibility commitment.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: ISO 14001 (referenced)

Third-party Assurance: Independent third parties for financial and emissions data

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Jundee Martu Ranger Program recognized by UN Global Compact; finalist in Golden Gecko Awards and Community Partnership Awards

Environmental Metrics

ESG Focus Areas

• Safety Performance
• Workforce Health & Safety
• COVID-19 Response
• Mental Health
• People Performance
• Labour relations
• Employee Wellness
• Diversity & Inclusion
• Culture
• Developing our People
• Environmental Performance
• Greenhouse Gas Emissions
• Energy
• Water
• Wastes
• Hazardous Materials
• Tailings
• Waste Rock
• Biodiversity
• Reclamation & Closure
• Climate Change
• Risks
• Scenario Analysis
• Metrics & Targets
• Opportunities
• Governance, Ethics & Transparency
• Business Ethics & Transparency
• Corporate Governance
• Risk
• Social Performance
• Rights of Indigenous People
• Community Relations
• Economic Return to Society
• Agreements
• Heritage Management
• Local Procurement
• Modern Slavery
• Human Rights

Environmental Achievements

• No materially adverse environmental incidents occurred under Northern Star ownership or operation of joint ventures at any of our assets.

Social Achievements

• Increased dividends paid to Shareholders as our Business grows
• Continued increases to our Reserves and Resources.
• Completion of our 3rd Culture Survey in two years – with increased participation to 82%
• Female participation in our workforce increased to 21.6%
• A$10M community COVID-19 fund to provide financial assistance to key areas of need.
• Over A$1.9M of medical personal protective equipment for frontline health workers in Alaska and A$1M for the successful development of a mobile COVID-19 testing system

Governance Achievements

• Our corporate governance aligns to 34/35 of the ASX Corporate Governance Council Principles and Recommendations.
• Completion of Stage 2 TCFD Project
• Adoption of the TCFD recommendations
• SASB materiality framework applied in our disclosures

Climate Goals & Targets

Environmental Challenges

• Increased turnover witnessed in the mining industry during CY2020 has inevitably led to a higher number of inexperienced workers on our sites.
• Addition of a significant new operation to our portfolio (50% joint venture interest in the KCGM Operations) contributed to the negative trend in our TRIFR performance.
• COVID-19 pandemic

Mitigation Strategies

• Increased focus on training, supervision, active field leadership, analysis of near-misses and additional hazard identification training
• Extensive COVID-19 response strategy
• Leveraging existing business partnerships to rapidly implement social distancing, screening, and testing protocols

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Supplier Code of Conduct

Climate-Related Risks & Opportunities

Physical Risks

• Groundwater scarcity
• Flooding
• Extreme heat days and heatwaves
• Cyclones
• Hotter average conditions for workers and equipment
• Bushfires
• Higher storm surges

Transition Risks

• Climate change policy evolution
• Emissions reduction or offset requirements for new developments or expansions
• Removal of fossil fuel subsidies and rebates
• Increased penetration of renewable energy
• Government mandated carbon charges
• Need for capital investment in low emissions technology
• Insufficient abatement from the electricity sector
• Stricter environmental management and protection
• Engineering challenges for integrating renewable energy into mine sites
• Stakeholder expectations
• Changing animal range, migration and hibernation patterns
• Shareholder divestment
• Scope 3 reporting may become a requirement
• Rejection of development applications due to high emissions intensity
• Supply issues from wider interconnected electricity network
• Changes to the Safeguard Mechanism
• Uncertainty around renewable incentive schemes
• Cost of climate change risks built into insurance premiums

Opportunities

• Implementation of renewable energy opportunities
• Leveraging energy efficiencies
• Water usage and recycling opportunities

Reporting Standards

Frameworks Used: SASB, TCFD, United Nations Sustainable Development Goals

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• 1
• 2
• 3
• 4
• 5
• 6
• 7
• 8
• 9
• 10
• 11
• 12
• 13
• 14
• 15
• 16
• 17

Appendix D

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• AMMA Australian Resources & Energy Group Mental Health Category
• 2020 Gold Waterwise Business

Environmental Metrics

ESG Focus Areas

• Safety
• Climate Change
• Environmental Management
• Biodiversity
• Water Management
• Community Engagement
• Indigenous Rights
• Governance & Ethical Conduct
• Compliance
• Human Rights
• Diversity & Inclusion

Environmental Achievements

• Commissioned 4.3MW of solar renewables at Carosue Dam Operations, resulting in a reduction of over 7,000t CO2-e.
• Successfully engaged a local Western Australian supplier to provide lime to Australian operations, reducing greenhouse gas emissions from sea freight.
• Increased percentage of waste sent for recycling to 59%.

Social Achievements

• Implemented paid parental leave policy across Australian workforce.
• Launched Aboriginal Trainee and Mentor program at KCGM Operations.
• Launched TeamINC, an inclusive team program to enhance psychological safety in the workplace.
• Increased female employment to 23%.

Governance Achievements

• Full alignment with all 35 Recommendations of the ASX Corporate Governance Council Principles and Recommendations.
• Increased female Board representation to 38%.
• Board adoption of a Climate Change Policy.

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions due to the COVID-19 pandemic.
• Increased lead times and costs for resources.
• Increased competition for resources.
• Groundwater scarcity.
• Flooding.
• Extreme temperature changes.
• Shareholder divestment & activism.
• Community concerns regarding mining activities (Williamstown).

Mitigation Strategies

• Developed and deployed a multi-phased risk mitigation plan to address supply chain risks.
• Increased inventory of low-value, high-risk materials.
• Established regular communication with key suppliers.
• Investigated alternative supply options.
• Implemented water saving initiatives, including recycling and reducing potable water usage.
• Developed and implemented a Williamstown resident and landowner engagement process, including a voluntary relocation assistance program.
• Climate Change Policy aligned to Paris Agreement Net Zero ambitions.
• 2030 emissions reduction target.

Supply Chain Management

Supplier Audits: 3 high-risk suppliers audited in CY2021

Responsible Procurement

• Prioritising use of local suppliers.
• Implementing systems to assess appropriateness of suppliers during prequalification and tender phases.
• ESG screening of suppliers participating in tenders.

Climate-Related Risks & Opportunities

Physical Risks

• Groundwater scarcity
• Flooding
• Extreme temperature changes

Transition Risks

• Shareholder divestment & activism

Opportunities

• Resource efficiency
• Renewable energy
• Energy efficiency
• Electrification of operations

Reporting Standards

Frameworks Used: GRI Standards: Core Option, SASB Mining and Metals Sustainability Accounting Standard, TCFD, UN SDGs

Third-party Assurance: Greenbase (limited verification)

Environmental Metrics

ESG Focus Areas

• Safety
• Climate Change
• Indigenous Relations
• Community Engagement
• Workforce Diversity
• TCFD Alignment
• Net Zero Ambition

Environmental Achievements

• Executed a Renewable Power Purchase Agreement at Jundee to reduce Scope 1 and 2 emissions by 35-50% by 2030.
• Set aside freehold land for Malleefowl habitat protection and enhancement.
• Continued monitoring of protected butterfly species in the Goldfields Region.
• Completed development of a climate-related financial quantification model.

Social Achievements

• Continued implementation of the Williamstown voluntary relocation program.
• Launched the Williamstown Heritage Project.
• Expanded community investment and sponsorship commitment.
• Maintained female employment above industry average.
• Promoted over 1,000 employees internally.
• Maintained residential employment rates in Alaska and Kalgoorlie.

Governance Achievements

• 100% alignment with ASX Corporate Governance Council Principles & Recommendations.
• Increased female Board participation to 38%.

Climate Goals & Targets

Environmental Challenges

• Challenging first half impacting safety performance.
• Supply chain disruptions (implied, not explicitly stated).
• Climate change related risks (water security, extreme temperatures, extreme rainfall and flooding, emission management).

Mitigation Strategies

• Implementation of best practice safety programs and processes.
• Development of a climate-related financial quantification model to guide decisions.
• Renewable energy projects (Jundee wind farm, other projects under investigation).
• Ongoing engagement with communities and stakeholders.
• Development of Indigenous procurement strategy.

Supply Chain Management

Supplier Audits: 150 Scope 3 surveys sent, 41 responses received.

Responsible Procurement

• Prioritising local suppliers.
• Partnering with suppliers who contribute to sustainable development and human rights protection.
• Commitment to $20 million per annum in sustainable supply contracts with Indigenous businesses by end of FY24.

Climate-Related Risks & Opportunities

Physical Risks

• Water security
• Extreme temperatures
• Extreme rainfall and flooding

Transition Risks

• Emission management

Opportunities

• Renewable energy projects
• Cost savings from decarbonisation

Reporting Standards

Frameworks Used: GRI Standards, SASB Standards, TCFD Recommendations, UN SDGs

Certifications: Null

Third-party Assurance: Bureau Veritas Australia Pty Ltd

UN Sustainable Development Goals

• SDG 1
• SDG 3
• SDG 4
• SDG 5
• SDG 6
• SDG 8
• SDG 10
• SDG 13
• SDG 15
• SDG 17

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Thunderbox Operations Emergency Response Team awarded first place for Best New Team
• KCGM Operations Emergency Response Team awarded first place for Team Safety

Environmental Metrics

ESG Focus Areas

• Climate Change
• Water Security
• Biodiversity
• Waste & Tailings Management
• Community Engagement & Support
• Supply Chain Management
• Safety & Critical Risk Control
• Human Rights
• Modern Slavery
• Diversity & Inclusion

Environmental Achievements

• Commissioning of Jundee & Ramone solar arrays and construction of Jundee windfarm
• Commencement of Taskforce on Nature-related Financial Disclosures (TNFD) journey
• Continued reuse of waste rock and tailings as paste-fill
• 35% reduction in Scope 1 and 2 absolute emissions relative to 01 July 2020 baseline by 30 June 2030

Social Achievements

• Continued focus on sustainable support of regions and local communities, with over $6.1M in commitments in FY24
• Continued implementation of Mine Health and Safety Management System
• Supplier screening, audits and action plans for human rights & modern slavery risks
• Workforce education and awareness training on modern slavery

Governance Achievements

• 100% alignment with ASX Corporate Governance Council’s ‘Corporate Governance Principles and Recommendations’
• Increased female Board participation from 33% to 38%
• Received and addressed 17 Whistleblower Policy reports

Climate Goals & Targets

Environmental Challenges

• Climate change related risks
• Nature-related risks and opportunities
• Supply chain risks related to human rights and modern slavery
• Maintaining a robust culture of integrity, transparency and compliance

Mitigation Strategies

• Implementing risk mitigation plans for major contracts where suppliers are identified as having a high likelihood of impacting human rights
• Progressive implementation of new enterprise risk and assurance software
• Ongoing review and improvement of environmental, social and governance performance
• Benchmarking against peers and industry best practice

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Supplier reviews
• Modern slavery mitigation programs
• Risk mitigation plans for major contracts

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Renewable energy projects

Reporting Standards

Frameworks Used: GRI, SASB, TCFD, TNFD, UN SDGs

Certifications: Null

Third-party Assurance: Bureau Veritas

UN Sustainable Development Goals

• SDG 1
• SDG 3
• SDG 4
• SDG 5
• SDG 6
• SDG 8
• SDG 10
• SDG 13
• SDG 15
• SDG 17

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed