Nickel Industries : 2021 Sustainability Report

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personalForNICKEL INDUSTRIES LIMITED and its controlled entities A.B.N. 44 127 510 589

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Our Values

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Contents

only	Table of Contents
	About This Report
	Sustainability Performance Highlight
	Message from the Chairman
	Sustainability at Nickel Industries:
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Stakeholder Engagement & Material Topics
Company Profile
	Sustainability Performance
	Economic Performance
	Environmental Performance
personal	Our Environmental Policy
Water and Effluents
Biodiversity
Climate Risk and Resilience
Energy
Waste
Social Performance
Occupational Health and Safety (OHS)
Human Capital Development
Diversity and Equal Opportunity
Local Communities
Human Rights
CSR Collaboration at the IMIP
Sustainability Governance
For	Governance Structure
Good Mining Practices
	Anti-corruption
	GRI Standard Content Index
	SASB: Metals and Mining
	Feedback Form

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About this Report

This is Nickel Industries Limited's (the 'Company', 'Nickel Industries', or 'we') inaugural Sustainability Report ('Report'), which showcases our commitment and intentions towards our employees, investors, stakeholders, the environment and the communities in which we operate. Consequently, this report contains no restatement of information. The performance disclosures in the report pertain to the period from 1 January to 31 December 2021. We approach the subject of sustainability very seriously and have taken great care in determining

1. unified framework to ensure consistent long-term sustainability performance. We are committed to
   publishing a report every year. [102-48, 102-49, 102-50, 102-51,

102-52]

This inaugural Report has been prepared in accordance with the Global Reporting Initiative (GRI) Standards: Core Option, with Metals and Mining

1. Supplement Sector, Sustainability Accounting Standards Board (SASB) for Metals and Mining Standard and the Task Force on Climate-Related Financial Disclosures (TCFD) for selected disclosure indicators. [102-54]

This Report has been prepared based on relevant reporting principles (stakeholder inclusiveness, materiality, completeness, accuracy, balance, clarity, comparability, reliability, timeliness) and stages through collaborative discussions during 2021.

The material topics were chosen in line with the Company's corporate strategy and have been approved by the Board of Directors. The report includes financial information based on the Consolidated Financial Statements audited by KPMG as an independent auditor. The Social Responsibility (SR) Asia, a leading sustainability assurance provider in the region,

has independently assured the Report's compliance with regards to selected information concerning the Company's sustainability performance. [102-45, 102-46, 102-56]

Contact information regarding the Report: [102-53] Nickel Industries Limited

Level 2, 66 Hunter Street, Sydney, NSW, 2000, Australia Phone : [phone] Email : [e-mail] Website : https://nickelmines.com.au/

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Sustainability Report 2021

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Sustainability Performance Highlights

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Economic

Performance

Production Performance

Nickel Pig Iron (NPI) Production (Tonnes)

		298,353
	295,896
194,514
2019	2020	2021

Nickel Metal Production (Tonnes)

	43,621
		40,410
26,776
2019	2020	2021

Financial Performance (USD)

Revenue

2021	645,935,639
2020	523,492,413
2019	236,059,160*

Total Assets

2021	1,802,618,822
2020	1,234,676,984
2019	897,496,621

Total Net Profit After Tax

2021	175,976,986
2020	153,698,840
2019	91,280,434*

*6 months to 31 December 2019

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Sustainability Report 2021

Blue PROPER ratings achievement for a second consecutive year, which means 100%

Hengjaya Mine.

environmental regulations compliance in the operational area of " Only two mining companies in Central Sulawesi Province received this acknowledgment

from the Indonesia Ministry of Environment and Forestry in the last year.

Black: Not in compliance (negligence)

Red: Not in compliance

Blue: In compliance

Green: Beyond compliance

Gold: Beyond compliance (consistent performance)

Social Performance

Number of Occupational Accidents

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Environmental Performance

Green House Gas (GHG) Emissions (Scope 1 & 2 plus partial data from the Scope 3) (tonnes of CO2eq)

2021	2,101,051
2020	2,219,322
	2021

Description	2019	2020	2021
Hengjaya Nickel	6	13	10
Ranger Nickel	-	11	10
Hengjaya Mine	8	3	8

Total Training Participants by Employee Category and Gender*

Employee		2020		2021
Category		Male	Female	Male	Female
Permanent	4	1	42	6
Contract	0	0	0	0
Total	4	1	42	6
*Data from Hengjaya Mineralindo

Average Hours of Training*

	Total	Average per Participant	Average per Employee
Year	Training
Total	Average	Total	Average
	Hours
2021	1,288	48	26.83	263	4.90
2020	320	5	64	234	1.37

*Data from Hengjaya Mineralindo

Rehabilitated Land Area

at Hengjaya Mine

14.49 Ha

9.72 Ha
	4.36 Ha
2019	2020	2021

Since 2019

We have supported

mangrove and watershed rehabilitation in Central Sulawesi with a total area of 1,781 Ha and planted more than 2 million trees. These efforts will stimulate economic development of our local community, with a projected income of USD 535 per hectare which will begin eight years after the trees' plantation.

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Sustainability Report 2021