Iluka is supportive of the Paris Agreement objectives and accepts the Intergovernmental Panel on Climate Change (IPCC) assessment of climate change science. The Board and management are taking steps to implement the recommendations made by the Task Force on Climate-related Financial Disclosures (TCFD). We recognise that climate change has the potential to change our operating context.

During 2018, Iluka undertook a review of our climate change approach and the recommendations made by the TCFD. As a result, we are working to manage our climate-related risks and respond to opportunities for our business. We undertook a gap analysis against each of the four elements of the TCFD and developed a three-year programme for alignment with the TCFD recommendations.  In 2019 we are undertaking a review of Iluka’s risk management approach to test that it can effectively take account of climate-related risks, including those risks that may be highly uncertain or create impacts over a longer time horizon (10+ years). We are also conducting a climate-related physical impacts assessment for all material Iluka assets, our supply chain and where relevant, assessing risks for customers.