H1 FY21 Finance and Cost Analysis

EMISSIONS PROGRESS Scope 1 & 2 emissions 1,4 Scope 1 emissions (%, FY20) 17% 36% • 11% 10.4Mt CO2-e 13% 23% Worsley Alumina Illawarra Metallurgical Coal Hillside Aluminium Mozal Aluminium Other Scope 2 emissions (%, FY20) 2% 9% 4% 12.9Mt CO2-e 85% Hillside Aluminium Mozal Aluminium Illawarra Metallurgical Coal Other We are advancing our climate change initiatives aligned to our strategy and commitment to net zero by 2050 On-track to achieve our five year Scope 1 emissions reduction target in FY21 • New Scope 1 and 2 emissions reduction targets will be released in CY21 • Updating our analysis to assess portfolio resilience under a 1.5°C scenario • Progressing multiple decarbonisation projects and energy studies Increasing our exposure to metals important for the transition to a low-carbon world, with development studies underway at Hermosa and Ambler Metals • Our exit of lower returning businesses will also reduce our emissions intensity SLIDE 9 III SOUTH32

View entire presentation