Nickel Industries' Response to ASX Queries

Nickel Industries Limited (ASX:$NIC) has responded to ASX queries regarding its announcement marked as market sensitive and its future emission reduction targets. The company clarified its stance on the market sensitivity of the announcement and provided detailed information on its emission reduction commitments.

Executive Commentary on ASX Queries

The Company acknowledged ASX's guidance note and explained its decision-making process regarding the market sensitivity of the announcement. It also addressed the timing of the release in relation to the COP28 Summit and IT issues that caused a delay. Additionally, the Company provided insights into its carbon intensity reduction commitments, including the baseline year, measurement methods, and future plans for achieving net zero emissions by 2050.

Summary of ASX Response and Outlook

Nickel Industries (ASX:NIC) responded to ASX queries, providing detailed explanations for its decision to mark the announcement as market sensitive and the subsequent review of the market sensitivity criteria. The company also outlined its commitment to emission reduction targets, including the baseline year, measurement methods, and future plans for achieving net zero emissions by 2050. The response indicates the company's compliance with ASX Listing Rules and its commitment to continuous disclosure. Looking ahead, Nickel Industries aims to communicate the roadmap for its 2050 net zero commitment in the first half of 2024.