Incitec Pivot : 2022 GRI Index and Data*

IPL GRI INDEX AND DATA SUPPLEMENT 2022

GRI Index	1
Relevant Data	13
Our Commitment to Zero Harm	16
Our Stakeholders and Engagement Strategies	18
SASB Index	20
About the Data	25

ABOUT THIS GRI INDEX AND DATA SUPPLEMENT

This IPL Global Reporting Initiative (GRI) Index and Data Supplement is an appendix to our 2022 Sustainability Report, which has been prepared in accordance with the GRI Universal Standards 2021. The GRI Index indicates the sections of our 2022 Sustainability Report, 2022 Annual Report, 2022 Corporate Governance Statement and other public disclosures that specifically address our disclosure against the GRI Standards.

An SASB indicators table is also included on page 20.

Data relevant to these disclosures is also included in this document.

GRI INDEX

IPL's 2022 Sustainability Report was prepared in alignment with the Global Reporting Initiative Universal Standards 2021. To view IPL's 2022 Sustainability Report, [click here].

DISCLOSURE	DISCLOSURE TITLE	LOCATION OF DISCLOSURE/DISCLOSURE
GRI 2: GENERAL DISCLOSURES 2021
THE ORGANISATION AND ITS REPORTING PRACTICES
GRI 2-1	Legal name of the organisation	Incitec Pivot Limited.
	Nature of ownership and legal form	Incitec Pivot is an Australian Securities Exchange (ASX) listed company.
		See the2022 IPL Annual Report, page 130.
	Location of headquarters	Incitec Pivot Limited's head office is located at Level 8, 28 Freshwater Place, Southbank,
		Victoria, Australia. See also the Contact Ussection of our website.
	Countries of operation	2022 IPL Annual Report, pages 6-7.
GRI 2-2	Entities included in sustainability reporting	The entities included in our sustainability reporting are those wholly owned and operated
		by Incitec Pivot Limited during the reporting period. See the 2022 IPL Annual Report,
		page 107.
GRI 2-3	Reporting period, frequency and contact point	See About This Report, on the inside cover of the 2022 IPL Sustainability Report.
GRI 2-4	Restatements of information	See'About the data'on page 25 of this document.
GRI 2-5	External assurance	See 'About the data' on page 25 of this document.
ACTIVITIES AND WORKERS
GRI 2-6	Activities, products, services, markets served	See the About Incitec Pivotsection on our website.
	Supply chain	See the2022 Modern Slavery Statement, page 10.
		For risk management strategies associated with gas supply and price risk
		see the 2022 IPL Annual Report, page 34 under 'Manufacturing'.
	Downstream entities	The entities downstream of IPL include mining, quarry and construction, and farming
		customers to whom we provide explosives products and services
		and fertilisers. See 'Our Revenues by Business and Sector' on page 2 of the
		2022 IPL Climate Change Report.
	Significant changes since previous report	See 'About the Data' on page 25 of this document.
GRI 2-7	Employees	See 'Relevant Data' on page 13of this document.
GRI 2-8	Workers who are not employees	The most common type of IPL worker who is not an employee is a contractor. While IPL
		tracks contractor hours worked and contractor incidents and injuries, our data systems do
		not presently allow for the reporting of other information on contractors, such as accurate
		breakdowns of contractors by contractor type or contractors by region.
		Workers who are legally recognised as 'self-employed' do not perform a substantial
		proportion of IPL's work. Individuals other than employees or supervised workers, including
		employees and supervised workers of contractors, do not perform a substantial proportion
		of IPL's work.
GOVERNANCE
GRI 2-9	Governance structure and composition	See the2022 IPL Corporate Governance Statementpages 5-9.
GRI 2-10	Nomination and selection of the highest	See the IPL 'Charter for the Nominations Committee'.
	governance body
GRI 2-11	Chair of the highest governance body	See the2022 IPL Corporate Governance Statement, page 7.

SUSTAINABILITY REPORT 2022 01

GRI INDEX | RELEVANT DATA | OUR COMMITMENT TO ZERO HARM | OUR STAKEHOLDERS AND ENGAGEMENT STRATEGIES | SASB INDEX | ABOUT THE DATA

DISCLOSURE	DISCLOSURE TITLE
GRI 2-12	Describe the role of the highest governance
	body and of senior executives in developing,
	approving and updating the organisation's
	purpose, value or mission statements,
	strategies, policies, and goals related to
	sustainable development

LOCATION OF DISCLOSURE/DISCLOSURE

See the IPL 2022 Sustainability Report, pages 6-7.

See the2022 IPL Climate Change Report, pages 9-11.

See the2022 IPL Corporate Governance Statement, pages 6 and 10-11.

Describe the role of the highest governance body in overseeing the organisation's due diligence and other processes to identify and manage the organisation's impacts on the economy, environment, and people.

See 2022 Sustainability Report, pages 6-7.

See the2022 IPL Climate Change Report, pages 8-11.

See the2022 IPL Corporate Governance Statement, pages 4, 9-14and 18.

The Board met regularly during the year to review the effectiveness of the organisation's strategy, business plans and processes with respect to its impacts on the economy, environment and people, including holding its annual strategic business review. The Board regularly considers and provides opportunities for investor feedback through its investor relations program, which includes both regular investor roadshows in Australia, Asia, North America and Europe, and ad hoc investor meetings and conference calls with institutional investors, private investors and sell-side analysts. Feedback from investors is regularly considered at Board meetings. In addition, the Audit and Risk Management Committee of the Board received briefings during 2022 on IPL's identified ESG risks and provided direction and feedback to management regarding the management of these

ESG risks.

GRI 2-13	Delegation of responsibility for managing
	impacts: Senior executives

The Board has delegated the day-to-day management of IPL, and the implementation of approved business plans and corporate strategies, including those to manage impacts, to the Managing Director and CEO, who in turn may further delegate to senior management. Relevant senior executives include the Chief Strategy and Sustainability Officer, the Chief Technology Officer, the Chief Financial Officer, Chief HSE and Operations Excellence Officer and Chief People Officer. See the 2022 IPL Annual Report, page 52.

See also the2022 IPL Climate Change Report, pages 9-11.

Delegation of responsibility for managing impacts: Other employees

See IPL 2022 Sustainability Report, pages 6-7.

See also the2022 IPL Climate Change Report, pages 10-11.

	Process and frequency for senior executives or	See the 2022 Sustainability Report, pages 6-7.
	other employees to report back to the highest	See also the2022 IPL Corporate Governance Statement, pages 14-15.
	governance body
GRI 2-14	Role of the highest governance body	See 2022 Sustainability Report, pages 6-7.
	in sustainability reporting, including	The Board, supported by each of its Committees, including its Health, Safety, Environment
	identification of material topics
	and Communities (HSEC) Committee and Audit and Risk Management Committee, has an
		annual work plan which includes the review of material topics and oversight of sustainability
		related matters.
GRI 2-15	Conflicts of interest, including processes	As referenced in the IPL Code of Conducton pages 18-19, we have a Global Conflicts of
	for prevention and mitigation and whether	Interest Policy which applies to all Incitec Pivot Group employees and full-time contractors
	conflicts of interest are disclosed to	engaged for a term of at least six months. Directors of Incitec Pivot Limited must comply
	stakeholders, including, those relating to	with the IPL Code of Conduct and the terms of their letter of appointment which includes
	cross-board membership, cross-shareholding	obligations in relation to conflicts and ongoing disclosure of interests. Directors are also
	with suppliers and other stakeholders,	bound by Corporations Act requirements in relation to conflicts of interest and duty. Once
	the existence of controlling shareholders	identified, the conflict and relevant controls must be recorded in the IPL Conflicts of Interest
	and related parties, their relationships,	Register. Controls may include segregation of duties, separation of supervision, control of
	transactions, and outstanding balances.	information, refusal of gifts and entertainment, or refusal of business dealing.

Conflicts of interest relating to the following are disclosed to shareholders: i. other board membership;

ii. interest or shareholding in suppliers and other stakeholder organisations; iii. the existence of controlling shareholders; and

iv. related parties, the nature of their relationships, the kind of transactions, and whether the arrangement is ongoing.

02	SUSTAINABILITY REPORT 2022

DISCLOSURE	DISCLOSURE TITLE
GRI 2-16	Describe how critical concerns are
	communicated to the highest governance
	body. Critical concerns include concerns
	about the organisation's potential and
	actual negative impacts on stakeholders
	raised through grievance mechanisms and
	other processes. They also include concerns
	identified through other mechanisms about
	the organisation's business conduct in its
	operations and its business relationships.

LOCATION OF DISCLOSURE/DISCLOSURE

Critical concerns as defined by the GRI include concerns about the organisation's potential and actual negative impacts on stakeholders raised through grievance mechanisms and other processes. They also include concerns identified through other mechanisms about the organisation's business conduct in its operations and its business relationships.

The IPL Group General Counsel provides an update on such issues to the Audit and Risk Management Committee of the Board, which meets five times per year, at each of its meetings. The Audit and Risk Management Committee reports on the conduct of its proceedings at the following Board meeting to the Board.

	Report the total number and the nature of	During the year, IPL received 35 notifications through our third-party Whistleblower system,
	critical concerns that were communicated	with allegations of inappropriate behaviour being received from a number of the jurisdictions
	to the highest governance body during the	in which we operate.
	reporting period.	This was a 5% decrease on the number of notifications received in FY21.
		In total, 25% of these reports were substantiated in 2022.
		Reports received included allegations relating to unsafe work practices; discrimination;
		potential fraud; conflicts of interest; theft; employee relations issues; bullying; and policy
		issues. Where allegations were substantiated, targeted and specific actions were taken to
		address the issues highlighted, including formal written warnings and terminations.
GRI 2-17	Measures taken to advance the collective	See the 2022 IPL Corporate Governance Statementpage 8 under 'Director induction,
	knowledge, skills and experience of the	training and continuing education' and page 6 under 'Board skills and experience'. The Board
	highest governance body on sustainable	received a number of external presentations through the year and held its annual strategic
	development.	review which was externally facilitated and examined existing and emerging sustainability
		megatrends.
		See also the 2022 IPL Climate Change Report, page 9, where it is reported that the IPL Board
		has taken a number of measures to ensure that its decisions are informed by climate change
		science and by expert advisors.
GRI 2-18	Evaluation of the performance of the highest	See the2022 IPL Corporate Governance Statementpage 8.
	governance body.
GRI 2-19	Remuneration Policies including fixed pay and	See the2022 IPL Corporate Governance Statementpage 8.
	variable pay; sign-on bonuses or recruitment	See also IPL's 2022 Remuneration Report located in the 2022 IPL Annual Report, page 63-82.
	incentive payments; termination payments;
	clawbacks; and retirement benefits.
	How the remuneration policies for members	See IPL's 2022 Remuneration Report located in the 2022 IPL Annual Report, pages 63-82.
	of the highest governance body and senior
	executives relate to their objectives and
	performance in relation to the management
	of the organisation's impacts on the economy,
	environment and people.
GRI 2-20	The process for designing its remuneration	See the 2022 IPL Corporate Governance Statementpage 8 under 'Remuneration of directors
	policies and for determining remuneration,	and senior executives' and page 9 under 'Remuneration Committee'
	including:
	i. whether independent highest governance
	body members or an independent
	remuneration committee oversees the
	process for determining remuneration;
	ii. how the views of stakeholders (including	The IPL Annual General Meeting includes resolutions put to a shareholder vote regarding
	shareholders) regarding remuneration are	adoption of the annual Remuneration Report and the granting of performance rights to
	sought and taken into consideration;	the Managing Director and CEO.The outcomes of these resolutions are notified to the
		Australian Stock Exchange.
	iii. whether remuneration consultants are	See the Remuneration Report located in the IPL 2022 IPL Annual Report, on page 72 under
	involved in determining remuneration and,	3.3 Executive remuneration governance where it is stated that 'The remuneration of the
	if so, whether they are independent of the	Executives is set by the Board, having regard to recommendations from the Remuneration
	organisation, its highest governance body and	Committee. Where appropriate, the Remuneration Committee of the Board engages external
	senior executives.	advisors to provide input into the process of reviewing Executive and Non-executive Director
		remuneration. For the 2022 financial year, the Remuneration Committee received market
		and benchmarking data from various sources, but this information did not constitute a
		remuneration recommendation for the purposes of the Corporations Act 2001 (Cth).'
		Further information in relation to the Board and the Remuneration Committee can be
		found in the 2022 IPL Corporate Governance Statementon page 8 under 'Remuneration of
		directors and senior executives' and page 9 under 'Remuneration Committee'.
	The results of votes of stakeholders (including	The IPL Annual General Meeting includes resolutions put to a shareholder vote regarding
	shareholders) on remuneration policies and	adoption of the annual Remuneration Report and the granting of performance rights to
	proposals, if applicable.	the Managing Director and CEO.The outcomes of these resolutions are notified to the
		Australian Stock Exchange.

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