Admiral Group PLC

**Group Board: The Admiral Group Board is** responsible for promoting the long-term sustainable success of the Group and is its principal decision-making forum. It is the principal governing body for sustainability-related issues and takes ownership of sustainability and climate-related topics and associated stakeholder engagement. The Board approves the Group's sustainability approach and objectives, including any related ESG ambitions which could have a material impact on Admiral. Milena Mondini, Group CEO, is the appointed Sustainability Representative on the Group Board.

**Board Committees: The Board has delegated** authority to several permanent committees that deal with sustainability related matters where relevant and in accordance with written Terms of Reference. The Committees of the Board are the Audit, Remuneration, Group Risk and Nomination and Governance Committees. These committees play an important role in the Group's sustainability-related decision making processes. For example, the Group Risk committee oversees the management of climate-related risk and provides appropriate governance oversight.

**Sustainability Working Group:** A Sustainability Working Group (SWG) was established in 2020 to help identify, monitor and facilitate the implementation of sustainability ambitions across Group operations. The working group supports the Group Board and Admiral's Executive leadership team to ensure adequate oversight is in place around sustainability-related decision-making. This includes monitoring the latest market developments around ESG, supporting subsidiary entities with their sustainability commitments, and sharing best practice ESG management.

In 2021, sustainability champions were appointed from across the business to support our ESG ambitions. Each champion is required to report progress against our commitments directly to the sustainability working group on a quarterly basis.

**Climate Change Steering Group: Given the** impact of climate change and the increased focus the area has received in recent years, a subcommittee dedicated to climate change was set-up in 2021. The climate change steering group reports directly to the sustainability working group.

**Group Board: Sustainability Governance** Group Board: The Admiral Group Board is responsible for promoting the long-term sustainable success of the Group and is its principal decision-making forum. It is the principal governing body for sustainability-related issues and takes ownership of sustainability and climate-related topics and associated stakeholder engagement. The Board approves the Group's sustainability approach and our Environmental, Social and Governance (ESG) ambitions which can have a material impact on Admiral. Milena Mondini, Group CEO, is the appointed Sustainability representative on the Group Board. **Board Committees: The Board has delegated** authority to several permanent committees that deal with sustainability related matters where relevant and matters in accordance with written Terms of Reference. The principal committees of the Board – Audit, Remuneration, Group Risk, and Nomination and Governance play an important role in the Group's sustainability related decision-making processes where relevant. For example, the Group Risk committee oversees the management of climate-related risk and ensures appropriate oversight is in place. **Sustainability Working Group:** A Sustainability Working Group was established in 2020 to help identify, monitor and facilitate the implementation of sustainability ambitions across Group operations. The working group supports the Group Board and Admiral's executive leadership team to ensure adequate oversight is in place around sustainability-related decision-making. This includes monitoring the latest market developments around ESG, supporting subsidiary entities with their sustainability commitments, and sharing best practice ESG management. In 2021, sustainability champions were appointed from across the business to own the ESG ambitions disclosed in this report. Each champion reports progress against these ambitions directly to the Sustainability Working Group. **Climate Change Steering Group: Given the** impact of climate change and the increased focus the area has received in recent years, a subcommittee dedicated to climate change was created in 2021. The Climate Change Steering group reports directly to the Sustainability Working Group.

The Group ERM Team monitors emerging risks and Principal Risks and Uncertainties (PR&Us) and identifies and assesses climate-related risks and opportunities. The output is included in regular and ad hoc Board and committee reporting. [...] The Group ERM Team, in conjunction with the Sustainability Team, also coordinates climate risk-related work across the Group, including the identification of climate-related risks, their potential impact, and any resulting opportunities. Management teams across Admiral are responsible for managing areas of the business which may affect or be affected by climate change, and for reporting progress to the SSC's five Working Groups and other committees. They have a key role in identifying climate-related risks in their respective areas. [...] During 2023 the governance surrounding sustainability (and therefore climate change) was further enhanced and embedded, not least by the appointment of a Group Head of Sustainability in charge of ESG approach, building up the Sustainability Team, and setting up the new sustainability governance framework with the establishment of the Sustainability Steering Committee (SSC), superseding the existing Climate Steering Group and Sustainability Working Group (see Table 2). Discussions/outcomes from the SSC are escalated to the Executive Committee and to the Board and Board Committees mentioned in Table 1 above. The Group Head of Sustainability reports ultimately to the Group CEO. [...] The Group CRO has designated Senior Manager and Certification Regime (SMCR) responsibilities in relation to climate change, chairs the SSC, and is the day-to-day executive sponsor of sustainability activities across the Group. They are tasked with developing Admiral's Sustainability Team and ensuring effective coverage of sustainability topics across all lines of defence. [...] The Admiral Group Board is responsible for promoting the long-term sustainable success of the Group and has ultimate oversight of climate-related risks and opportunities. Responsibility for reviewing climate-related risks is delegated to the GRC and associated disclosures are reviewed at the Group Audit Committee.

Does your organization have a public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement?[…]No, and we do not plan to have one in the next two years