Sustainability Report 2021

contractors to monitor and report on their performance, and we expect to see improved trends in measured outcomes. Put simply, we expect to see the same high standards we require of our direct employees. All contractors working at IGO-managed sites are provided with an IGO representative to manage their contract. This provides IGO with a direct opportunity to maintain ongoing management. REPORTING & PUBLIC DISCLOSURE Information about IGO’s operational, financial and sustainability performance is issued in a timely manner through several communication channels including media releases, ASX announcements, voluntary ESG assessments, social media, and community meetings. We provide responses to stakeholder enquiries and remain an active participant in industry associations. During FY21, our climate change approach, tax transparency, modern slavery, tailings management and our gender equality approach have been of specific interest to our stakeholders. Further information on our ESG specific public disclosure and results can be found on page 28. Tax Transparency At IGO, we are committed to open and transparent dealings with all our stakeholders. Payment of tax is an important element of our contribution to the economic development of Australia. During the year we released our Tax Transparency Report for FY20, including details on our approach to tax strategy and governance, effective tax rates and tax contribution summaries. The report was prepared in conformance with the recommendations of the Board of Taxation’s Voluntary Tax Transparency Code. Our FY21 Tax Transparency Report will be released in November 2021 and made available on our website. Read more about our tax contributions and our support of regional economic development in the Financial Contributions section of this report on page 90. Human Rights & Modern Slavery IGO is committed to upholding the fundamental human rights of all people we engage with in our business. We aspire to be a business which recognises and respects the rights and dignity of all people by putting in place policies and procedures which aim to stamp out unethical practices from within our global supply chains and by ensuring all our people are free to operate in an inclusive environment regardless of race, religion, marital status, political beliefs, or experience. Our approach to human rights is aligned with the UNGPs. We explicitly state our respect for human rights in our Code of Conduct, and our purpose and values reflect this. Our Human Rights Policy clearly articulates our goals to undertake the following: • champion and promote a workplace culture which encourages diversity and inclusion without regard to factors such as sex, marital status, race, impairment, religion, political beliefs or social preference • recognise and respect Aboriginal cultural heritage and work with Aboriginal communities affected by our operations in an open, transparent, and collaborative manner to ensure we continue to deliver positive outcomes for all members of these communities • not tolerate any form of forced labour or servitude including child labour and human trafficking • comply with our obligations under the Australian Modern Slavery Act 2018 by undertaking risk assessments to identify those parts of our business and supply chains where there is a risk of modern slavery practices taking place and work with our suppliers to improve their standards • prohibit all forms of corruption and bribery as well as all forms of retaliation, discrimination, harassment and intimidation against any person reporting a breach of this policy; and • focus on continued learning and development for all employees to ensure our business practices are consistent with our values to promote and uphold the rights and dignity of all people. As discussed on page 88, IGO released a Modern Slavery Statement in FY21. The statement is publicly available on our website. Tailings DamManagement Disclosure Tailings storage facilities are reservoirs or dams that store mine tailings. Mine tailings are the fine- grained waste rock material, suspended in a water slurry, that are discharged from an ore processing plant following the extraction of the desired metal or mineral. Inappropriate storage or mismanagement of tailings facilities has the potential to cause catastrophic safety, health and/or environmental risks. Given this, IGO supports the need for the public disclosure of tailings storage management practices. Information relating to IGO’s tailings storage facilities is published on our website. Further information regarding our tailing storage management can be read on page 78 of this report. Taskforce on Climate-related Financial Disclosures (TCFD) IGO recognises the importance of providing timely and business- specific information on our approach to managing climate-related risks and opportunities to stakeholders and investors. In Our Response to Climate Change section of this report (page 52), we have disclosed our alignment against the recommendations of the TCFD. This includes a detailed assessment of climate-related risks and opportunities over relevant time-horizons, scenario analysis to test the resilience of our existing business strategies and the introduction of an internal carbon price to inform financial planning. Global Reporting Initiative (GRI) IGO’s sustainability reports are prepared in accordance with the GRI standards (Core option) and the GRI Mining and Metals Sector Supplement. This ensures best-practice for sustainability reporting, balanced reporting, and full transparency of performance against ESG factors important to our business and industry. Although we report against the GRI Core option, we have reported above and beyond what is required to ensure full transparency. The GRI content index can be found on page 106. Workplace Gender Equality Agency (WGEA) Public Report The WGEA is an Australian Government statutory agency created by the Workplace Gender Equality Act 2012 . The Agency is charged with promoting and improving gender equality in Australian workplaces. IGO submit an annual WGEA report to publicly disclose our progress on achieving gender equality in our business. IGO SUSTAINABILITY REPORT 2021— 89