Transitioning To A Low Carbon Future

Our climate change strategy

As the impacts of climate change are increasingly being felt around the world, we recognise the urgency and our responsibility to act. IGO seeks to positively contribute by developing and producing the products needed to advance the global clean energy transition.

Our climate change ambitions

IGO has both a short-term net zero Scope 1 and 2 emissions target and a long-term net zero Scope 1 and 2 emissions goal.

• Short-term target: Our short-term target to reach net zero Scope 1 and 2 emissions at our Nova Operation by FY25 was reached by 30 June 2025 through emission reduction activities and the voluntary cancellation of Australian Carbon Credit Units. This target will be maintained until the Operation transitions to closure.
  
  
• Long-term goal: Our long-term goal is to pursue net zero Scope 1 and 2 emissions across our operated assets by 2035. Achieving our long-term goal may not follow a linear path as our business evolves with the implementation of our refreshed business strategy. 

Footnotes: 

1. Net zero emissions are reached when anthropogenic emissions of GHGs to the atmosphere are balanced by anthropogenic removals over a specified period. Net zero includes the use of carbon offsets as required. IGO has committed to the sole use of ACCUs.
2. Target is an intended outcome in which we have identified one or more pathways for delivery, subject to certain assumptions and conditions.
3. Goal is an ambition to seek an outcome for which there is no current pathway(s), but for which efforts will be pursued towards addressing that challenge. This goal may be impacted and re-evaluated with continued growth and change in our portfolio.

We continue to embed climate considerations in our decision-making processes as both the Australian mandatory climate reporting landscape evolves and our approach matures to mitigating climate change impacts and managing our climate-related risks and opportunities.

For further information on our climate change strategy, climate governance, climate-related risks and opportunities, scenario analysis and performance refer to the IGO Sustainability Report and Sustainability Databook