IRPC’s approach to biodiversity management involves managing biodiversity in areas with sensitive biodiversity values or nearby in accordance with relevant regulations and standards, implementing operating practices/procedures to prevent and mitigate biodiversity loss, and avoiding operations in World Heritage sites and IUCN Category I-IV protected areas. To translate our commitment into actions, IRPC and subsidiaries aim to implement the following actions across our operations:

• Assessing the potential risk and impact of our activities on biodiversity values;
• Conducting our operations responsibly in all areas, including environments with sensitive biodiversity values;
• Identifying actions to avoid and mitigate against adverse impacts to biodiversity values. Applying the “mitigation hierarchy” in a step by step process by avoiding impacts on high biodiversity values; mitigating any impacts by improving biodiversity values and consider offsetting any residual losses;
• Seeking ways to make positive contributions to biodiversity conservation;
• Integrating the identification, evaluation, management and monitoring of biodiversity values into our Due Diligence; Environmental Impact Assessment; and Risk Management processes;
• Engaging communities and key stakeholders to enhance biodiversity outcomes through consultation, constructive relationships, and partnerships;
• Communicating our biodiversity-related activities to local communities, employees and the public.

IRPC also assesses our performance on biodiversity and ecosystem services management to ensure effectiveness of our actions by:

• Measuring the risk that our operations pose to biodiversity values;
• Regularly monitoring biodiversity values where we are required to do so;
• Regularly auditing our performance against our values and actions to ensure that we operate effectively.

Findings and insights from these performance assessments will guide future actions for improved biodiversity management performance.