Sustainability Report 2021

In FY22, we will further develop our understanding of our indirect supply chain emissions (Scope 3) and climate change impact, through our programs of work defined in the Climate Change section (page 52). We will also develop a supplier Code of Conduct, to outline the minimum expectations and mandatory requirements for suppliers. We will continue to advance the level of integration of risk assessments into identifying current and emerging sustainability risks in existing and new suppliers. COVID-19 Response We acknowledge the significant impact COVID-19 has had on our contractors and suppliers. In response, we have maintained the new payment term measures introduced last year to assist our small and medium suppliers and businesses during the global pandemic. These include: • acceleration of payments to small and medium business; and • payment within seven days of request, to aid those in financial distress. We will continue to support our valued small and medium-sized businesses during this challenging time. Product Stewardship Responsible product stewards seek to positively influence environmental and social impacts of their products through the value chain and the product life cycle. Having oversight of our supply chain and product end use is crucial to our reputation and ability to market products. We believe that companies maximise their value to society when they produce materials responsibly and engage downstream to promote their beneficial use. While originally the major focus of product stewardship was complying with regulation, today proactive companies are putting emphasis on how their products affect the key social and environmental challenges like climate change and modern slavery. In parallel, conscious consumers, are increasingly choosing ‘responsible’ brands and products where product stewardship has been effectively managed. We have again sought greater transparency of our product end use, by engaging our customers to understand the final application of our products. Based on public statements and advice from IGO’s key nickel customers, we understand approximately 75% of IGO supplied nickel is processed for use in downstream battery products. This is in line with our Company strategy to supply metals that are critical to clean energy and battery storage. Combating Modern Slavery We are committed to ending modern slavery through the adoption of responsible due diligence and sourcing processes. The traditional form of slavery is clearly identifiable and unquestionably reviled. Slavery in this traditional form has been substantially reduced in the modern world, but slavery has not been eradicated. Slavery remains a significant human rights issue, evolving over time into the many forms of modern slavery we face today. Much like traditional slavery, modern slavery involves human exploitation, but it also includes debt bondage, servitude, human trafficking, child labour, and forced labour. Modern slavery is an abuse of human rights and occurs in both developed and developing countries. Governments, investors and civil society expect businesses to meet their responsibilities under the United Nations Guiding Principles on Business and Human Rights (UNGPs). We agree that no business should tolerate modern slavery or other serious abuses of human rights in its operations or across its supply chains. In FY21, IGO released its first Modern Slavery Statement, that included a comprehensive risk assessment and gap analysis of the modern slavery and human rights issues in our supply chain. In our first year of preparing a modern slavery statement, we have focused on identifying areas at highest risk of modern slavery in our operations and supply chain. We engaged a consultant to undertake three risk reviews for that purpose: an operational risk assessment, a supply chain risk assessment, and a due diligence review and gap analysis. In FY21, IGO’s focus was to: • develop an understanding of modern slavery and our operational and supply chain risk factors • undertake an independent, external assessment of the risks in our operations and supply chain; and • review our governance framework and consider changes to adequately manage our modern slavery risks. The key findings, due diligence review and details of the gap analysis can be found in our publicly available Modern Slavery Statement. Contractor Management IGO engages contractors and industry experts to provide best-practice services and deliver outcomes outside our knowledge base. At IGO we treat our contractors as part of our team. We refer to them as being ‘our people.’ When contractors are at an IGO site, their safety and welfare is IGO’s responsibility. IGO expects that its contractors work in accordance with our values, and Code of Conduct, and that they provide their workforce with a safe system of work and a safe place of work. We expect our Business Integrity IGO's Business Development team 88 —IGO SUSTAINABILITY REPORT 2021