INDEPENDENCE GROUP NL SUSTAINABILITY REPORT 2018

practices – currently in the early stages of development. IGO reports all Scope 1 and Scope 2 emissions under requirements of the National Greenhouse and Energy Reporting Act 2007 (NGER Act 2007) . In FY18, IGO independently verified its greenhouse gas emissions and will include climate change impacts in future group risk management assessments and associated disclosures; see page 94. The quality of corporate sustainability reporting is also completed by various non‑government organisations and investment bodies. Some publish these assessments in the public domain. For example, the Australian Council of Superannuation Investors (ACSI) produces an annual report entitled Corporate Sustainability Reporting in Australia: An analysis of ASX200 disclosure (https://acsi.org.au/ images/stories/ACSIDocuments/ generalresearchpublic/2018- Sustainability-Report-FINAL- June-2018.pdf). This year, for the third consecutive year, ACSI rated IGO’s sustainability reporting as sector “Leading”. On this basis, ACSI advises investors that IGO is “assessing, monitoring and seeking to improve performance regarding material sustainability risks in a measurable way over a specific period”. ACSI note that CONTINUAL IMPROVEMENT KEY FY18 IMPROVEMENTS This year we have again made significant progress on many fronts. Our most notable improvements have been to: • redefine IGO’s purpose • strengthen our team through the targeted recruitment of great people • demonstrate Nova Operation’s potential • significantly expand our exploration landholding across three significant belt-scale projects • rationalise our portfolio with the sale of the Jaguar Operation and the Stockman Project, and transition the Long Operation into care and maintenance • establish a defined set of environmental standards, key among which is a standard pertaining to socio-environmental impact assessment • improve the ways in which we engage with stakeholders to better understand the matters they regard as being material • increase our corporate giving to deliver shared value and make a positive impact in our host communities (and in particular the commencement of royalty payments to the Ngadju people) • continue ongoing system improvements – our business is increasingly efficient while adopting a more rigorous governance process based on risk management. MEASURING THE SUSTAINABILITY OF OUR BUSINESS Measuring the sustainability of our business, as with any enterprise, is unavoidably subjective. Internally, we assess performance based on a range of metrics including internal and external stakeholder opinion. Third-party assessments are also offered by more than 20 sustainability ratings agencies. Few provide their results freely. Rather, participation in many assessment processes and access to the resultant comparative data is provided on a fee-for-service basis. Many larger companies provide data to a suite of these agencies. After consideration by ExCo, IGO only provides data to one: the Carbon Disclosure Project (CDP) (refer to www.cdp. net). IGO will continue to monitor developments and may consider modifying our approach in the future. The CDP methodology ranks IGO at disclosure level, benchmarked against our peer companies in the mining sector. The ranking indicates CDP’s assessment of IGO’s position on integrating climate change into its business Decent work and economic growth 18 — IGO SUSTAINABILITY REPORT 2018