Governance

Structure

The corporate function reports into the Executive Team sponsor and also each business unit has its own safety support team with safety being the responsibility of each line manager across the business.

The governance structure for workplace safety at Incitec Pivot

Board of Directors

IPL's Board of Directors has oversight on health, safety and environment matters arising out of the Company's activities as they may affect employees, contractors and the local communities in which we operate.

The Charter of the Health, Safety, Environment and Community (HSEC) Committee of the Board the following responsibilities for the Committee:

(i) reviewing and monitoring compliance with HSEC Policies, byreceiving regular reports from Management as to any non-compliances with the Company's HSEC Policies, and annually, reviewing the continued appropriateness of the HSEC Policies by receiving reports from Management on such policies;

(ii) annually reviewing the annual HSEC Strategy prepared by Management and regularly monitoring the delivery of the HSEC Strategy by receiving regular reports from Management;

(iii) regarding the Company's HSEC Global Management System:
- annually reviewing the design of the Company's HSEC Global Management System by receiving a report from Management as to the system, and the continued applicability of the standards to the Company's business;
- regularly receiving updates and assurance as to the standards being compliant with applicable legislation and;
- annually receiving a presentation from the Company's HSEC auditor presenting the Annual HSEC Audit Program and audit findings;

(iv) reviewing and monitoring the Company's compliance with applicable legal and regulatory requirements associated with health, safety and environment matters by receiving regular reports from Management; (v) receiving regular reports from Management on HSEC performance and issues, including the impact of changes in relevant legislation, community expectations, research findings, HSEC practices and technology;

(vi) receiving regular reports from Management on environmental remediation activities;

(vii) reviewing, by receiving reports from Management, at least annually, the effectiveness of the HSEC Governance Structure;

(viii) receiving regular reports from Management on significant HSEC incidents within the Company and the response to those incidents;

(ix) reviewing and monitoring, by receiving regular reports from Management as to safety, health and environment issues that may have strategic, business continuity or reputational implications for the Company and reviewing and monitoring the policies, principles, strategies, processes and controls established in response to those issues, including reviewing and monitoring those particular health, safety and environment risks identified pursuant to the Company's Risk Management Framework Policy; and

(x) annually reviewing the HSEC Annual Assurance process, and receiving the annual Letter of Assurance.