Climate Change Data

Environmental Metrics

ESG Focus Areas

• Responsible exploration, development and production operations
• Leadership through action
• The value of human resources
• The right to work, safety, health and skills development
• Sustainable community partnerships
• Respecting and promoting diversity
• Environmental responsibility and innovation
• Corporate integrity, transparency and accountability
• Respect for human rights

Environmental Achievements

• 85% reduction in lost time injury frequency rate at Platreef Project from 2017 to 2018
• Kamoa-Kakula Project achieved a lost time injury free year
• 20% lower group average water consumption in 2018 compared to 2017
• 100,000 bricks produced by Tujenge cooperative by September 2018

Social Achievements

• Launched Maru a Mokopane digital engagement portal, with 24,178 registered users
• 74% of positions filled in 2018 using online recruitment system
• Increased local employment figures from 67% to 71% at Platreef Project
• Kamoa-Kakula Sustainable Livelihoods Project significantly contributing to economic empowerment of families
• Adult literacy classes provided to hundreds of women near Kamoa-Kakula and Kipushi projects

Governance Achievements

• Introduced the use of the Local Procurement Reporting Mechanism (LPRM)
• Independent assurance readiness review undertaken, planning for comprehensive third-party assurance of annual Sustainability Report by 2020
• All socio-economic development data of the Platreef Project independently audited

Climate Goals & Targets

Environmental Challenges

• High social expectations of local stakeholders due to projects being situated in emerging economies
• Recruiting and retaining competent staff in remote areas
• Developing bulk infrastructure (electricity, rail, water) at projects
• Ensuring responsible stewardship of natural resources
• Water scarcity at Platreef Project
• Risk of underground flooding at Kamoa-Kakula and Kipushi projects

Mitigation Strategies

• Active community relations teams, sustainable development plans
• HRD programs, skills transfer programs
• Strategic partnerships for infrastructure development
• Active Environmental Management Plans (EMPs), full ESIAs
• Agreement with Mogalakwena Local Municipality for water supply
• Primary dewatering systems, backup systems, flooding emergency response plans

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Local procurement programs guided by South African Mining Charter and DRC regulatory framework
• LPRM standards of practice adopted

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI, LPRM, MDGs, UNGC, UNDHR, CDP, IIRC Integrated Reporting Framework, ICMM 10 Principles

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Governance
• People
• Planet
• Prosperity

Environmental Achievements

• 91% of total electricity consumed was renewable
• 10,424 kl decrease of total water consumption
• ESIA amendment at Kamoa-Kakula approved
• Transformative river rehabilitation and waste programs at the Platreef Project
• Phase 2 grave relocation process at the Platreef Project complete

Social Achievements

• Award received by the Kipushi Project for exemplary community engagement and service
• 68% increase in workforce
• 2,918,693 work hours free of lost-time injuries at Kipushi
• 16,667 patients accessed occupational health services on-site
• 100% recovery rate for all COVID-19 patients treated
• 282 new local farmers supported
• 73 enterprise suppliers in support/training interventions
• 22 opportunities ring-fenced for community local suppliers

Governance Achievements

• SDG strategic roadmap developed
• Human rights impact assessment undertaken at Kamoa-Kakula; Kamoa-Kakula Child and Forced Labour Policy approved
• Sustainability awareness and commitment increased through participation in organizational sustainability survey
• 10,861 stakeholders engaged despite pandemic lockdowns

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic impacts
• Fatal accidents at Kamoa-Kakula and Platreef
• Water scarcity at Platreef
• Maintaining social license to operate
• Climate change impacts

Mitigation Strategies

• Implemented COVID-19 Response Plan
• Additional safety interventions implemented
• Strategies to secure water resources at Platreef
• Robust stakeholder engagement
• Climate change training and risk assessments
• Development of alternative sourcing strategies

Supply Chain Management

Supplier Audits: 56 due diligence training sessions conducted in 2020

Responsible Procurement

• Local procurement strategy guided by DRC and South African regulatory frameworks
• ESD programs
• Ring-fencing of procurement opportunities
• Supplier code of conduct
• Supplier assessment tools

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events (flooding, drought)
• Heat stress
• Increased rainfall volumes
• Increased extreme storms
• Increased wildfires
• Increased seasonal variability
• Increased temperature

Transition Risks

• Increased regulatory requirements
• Market changes
• Legal/regulatory changes

Opportunities

• Growth in copper market
• Development and deployment of low-emissions technologies
• Increase diversity in energy mix

Reporting Standards

Frameworks Used: GRI Core Option Guidelines, CDP, ICMM 10 Principles, OECD Guidelines for Multinational Enterprises, UNGC, UNGPs, TCFD, WEF’s International Business Council Stakeholder Capitalism Metrics

Third-party Assurance: Partial assurance from EY for Platreef Project; Further steps towards independent third-party assurance planned for the future.

UN Sustainable Development Goals

• SDG 1
• SDG 4
• SDG 6
• SDG 12
• SDG 13
• SDG 15

Ivanhoe Mines contributes to these SDGs through various initiatives detailed in the report.

Awards & Recognition

• Kipushi Project award for exemplary community engagement and service

Environmental Metrics

ESG Focus Areas

• Governance
• People
• Prosperity
• Planet

Environmental Achievements

• No material environmental incidents reported.
• ESIA amendment for Kamoa's Phase 3 approved.
• ESIA approved for Kipushi Project.
• 100% renewable Scope 2 emissions at Kamoa-Kakula.
• 100% renewable Scope 2 emissions at Kipushi.
• 100% paper and metal waste recycled at Platreef.
• Apiary project launched at Platreef.

Social Achievements

• Kamoa's sustainable livelihoods program SROI $1:$11.
• 107% increase in socio-economic spend.
• 644 scholarships and bursaries awarded.
• 325 formal local enterprises supported.
• Kamoa Centre of Excellence commenced construction.
• 48% increase in students enrolled at Muvunda Primary School.
• Ivanhoe Mines joined UNGC.
• Ivanhoe Mines President featured in UK WIM100.

Governance Achievements

• Ivanhoe Mines joined UNGC (June 2022).
• Grievance mechanism platform launched at Platreef.
• Ivanhoe Mines joined EITI.

Climate Goals & Targets

Environmental Challenges

• Kamoa-Kakula fatality.
• Platreef ESIA submission delayed due to activist appeal.
• Supply chain disruptions.
• Water scarcity risk in South Africa.
• Political risk.
• Social licence to operate.
• Climate change impacts.

Mitigation Strategies

• Remedial safety interventions implemented following fatality.
• Revised Platreef ESAP agreed with lenders for implementation in 2023.
• Ongoing stakeholder engagement.
• Development of alternative sourcing strategies.
• Implementation of risk management framework.
• Community development initiatives.
• Decarbonization roadmap development.
• Water stewardship strategies.
• Public-private partnerships for infrastructure development.

Supply Chain Management

Supplier Audits: Ongoing due diligence and training programs.

Responsible Procurement

• Supply chain policy, supplier code of conduct, local procurement targets, ESD programs.

Climate-Related Risks & Opportunities

Physical Risks

• Severe weather events, flooding

Transition Risks

• Market shifts, regulatory changes

Opportunities

• Development of energy-efficient products, renewable energy projects.

Reporting Standards

Frameworks Used: GRI Core Option Standards, WEF SCM, ICMM 10 Principles, LPRM, TCFD, UNGC, UN SDGs

Certifications: Null

Third-party Assurance: Independent assurance readiness assessment on a limited number of KPIs; full third-party assurance planned for future reports.

UN Sustainable Development Goals

• SDG 1, SDG 3, SDG 4, SDG 5, SDG 6, SDG 12, SDG 13, SDG 15

Initiatives contributing to economic growth, health and safety, education, gender equality, water stewardship, responsible consumption and production, climate action, and life on land.

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed