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Investor Presentaiton

ADDRESSING CLIMATE CHANGE Progressing initiatives to support our target to reduce operational GHG emissions 50% by 2035(a) and our goal of net zero GHG emissions by 2050 Reshaping our portfolio Decarbonising • our operations • Partnering with others Managing physical climate risk Notes: a. 晶 Target to reduce Scope 1 and 2 GHG emissions by 2035 compared to our FY21 baseline. • Reshaping our portfolio through the lens of our climate commitments SOUTH32 Acquired 45% of the Sierra Gorda copper mine and secured 100% renewable electricity Doubled our low-carbon aluminium 5 capacity Advancing a pipeline of options to strengthen our future supply of critical minerals Executing our pipeline of decarbonisation projects . First coal to gas boiler conversion at Worsley Alumina on-track for mid CY23 • Focused on increasing the efficiency of coal seam gas drainage at Illawarra Metallurgical Coal and trialling new controls to address ventilation air methane Deploying AP3XLE energy efficiency technology at Hillside Aluminium Partnering with others to address value chain emissions and support a just transition Established our first mechanism to link GHG emission reduction with freight costs under a shipping contract with Klaveness Combination Carriers • Progressing just transition planning for Worsley Alumina and Hillside Aluminium, to support their transition from coal-fired energy Responding to physical impacts of climate change Updating our life of operations plans to reflect physical climate risk assessments, building on our past investments in water infrastructure SLIDE 7
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