Sustainability Report 2021

Governance IGO’s governance of climate-related risks and opportunities Page 64 Risk Management The processes used to identify, assess and manage climate-related risks Page 65 Strategy The actual and potential impacts of climate-related risks and opportunities on IGO’s operations, strategy and financial planning Page 55 Metrics and Targets The metrics and targets used by IGO to assess and manage relevant climate-related risks and opportunities Page 70 Our Response & Strategy to Climate Change Our aspiration is to contribute to a better planet by being a globally relevant supplier of products that are critical to clean energy. We do this with the aspiration to be carbon neutral within our business. This aspiration to carbon neutrality by 2035 is fundamentally driven by the opportunities we see in supporting the energy transformation required to avoid more than 1.5 o C of warming and meet the goals of the Paris Agreement. We believe that delivery on this target, and doing so in an accelerated, proactive, industry leading manner, is the right thing to do. In this context, climate change-related considerations are embedded into IGO’s core strategic activities, planning and decision- making. We consider that our existing portfolio, combined with our targeted growth strategy, places us in a strong position to benefit from the global transition to a low-carbon economy. We are committed to realising these benefits while maintaining a resilient financial position, noting this will require a strong understanding of the uncertainties, risks and opportunities associated with climate change. Our approach to climate change is centred around a) the supply of products critical to a clean energy future and b) reducing our total carbon footprint. This is guided by our purpose and values and underpinned by our approach to governance and risk management. Taskforce on Climate-related Financial Disclosures Transparency and accountability on reporting climate change is important to IGO. We have been reporting on climate change in-line with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) since 2017. IGO is committed to fully aligning with the recommendations of the TCFD. We have adapted this framework with all elements addressed in this chapter. O U R P U R P O S E & V A L U E S G O V E R N A N C E & R I S K M A N A G E M E N T Supplying products critical to clean energy Reducing our total carbon footprint IGO SUSTAINABILITY REPORT 2021— 55