Hartford Financial Services Group Inc/The

Lobbying Governance

AI Extracted Evidence Snippet Source

**II. Governance**

Under our Corporate Governance Guidelines, The Hartford's full Board of Directors ("the Board") has oversight responsibility for The Hartford's corporate reputation and ESG activities, including climate action. The Nominating and Corporate Governance Committee of the Board (the "Nominating Committee") has responsibility for oversight of the company's sustainability governance framework including climate-related risks and opportunities that may impact The Hartford's business strategy. In addition, the Board's Finance, Investment and Risk Management Committee, which is comprised of the full Board, routinely receives updates on risk management activities related to severe weather and climate change.

At the management level, The Hartford has a Sustainability Governance Committee (SGC), comprised of senior leaders from across the enterprise, that, sets and helps drive execution of the company's sustainability strategy. The SGC's strategy is supported by ESG Subcommittees which contribute to climate mitigation planning and measurement. Our governance structure ensures we are focused on assessing and implementing policies and procedures as it relates to climate-related actions in such areas as risk assessment, underwriting, product innovation, environmental justice, education and advocacy, and responsible investing policies and practices.

https://ewcstatic.thehartford.com/thehartford/the_hartford/files/Comm/statement-on-climate-change.pdf

Does your organization have a public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement?[…]Yes

CDP Questionnaire Response 2023

Describe the process(es) your organization has in place to ensure that your external engagement activities are consistent with your climate commitments and/or climate transition plan?[…]The Hartford advocates directly and through its trade association in states for price adequacy in the property and casualty products it sells, and also for price adequacy in the states that maintain residual markets for property insurance for homeowners. This effort covers many states, in particular coastal states that are most prone to severe weather events. For example, in the past The Hartford participated in industry efforts in Florida to advocate for provisions in proposed legislation that would have accelerated the glide path to rate adequacy for residual market property rates and would also lower limits of liability, thereby moving higher value properties to the private market. The legislation passed, though without the provision that would have accelerated price adequacy. We have also engaged with the New York Department of financial Services as it sought to establish climate change guidance principles for the insurance industry. At the federal level, The Hartford engages on policy and regulation relating to climate mitigation and resiliency, including efforts to enhance national flood maps, combat wildfires, and create a more resilient infrastructure for communities nationwide.

CDP Questionnaire Response 2023