The TCFD Report 2023 was approved by the Executive Committee of EFG International and was acknowledged by the Audit Committee and by the Board of Directors in February 2024. [...] Two governing bodies play an essential role in climate-related governance at EFG: (i) the Board of Directors, in its capacity as the highest governing body, assumes responsibility for providing guidance and oversight of the organisation; and (ii) the Executive Committee manages risks and opportunities, including those related to climate aspects. Their respective roles are described below: Board of Directors: The effectiveness of the overall risk management strategy is monitored by the Board of Directors through regular internal risk assessments, audits and the internal control framework. In addition, the Board approves risk policies, the risk management framework and the risk appetite framework in which the relevant risk metrics are embedded. [...] Executive Committee: When managing risks, including climate-related risks, the Executive Committee and its delegated committees act in accordance with EFG's risk strategy and the risk appetite and management framework. [...] EFG's governing bodies are supported by a Sustainability Advisory Board (ESAB). The ESAB is co-chaired by the Chair of EFG International and the CEO. Members of the ESAB include Executive Committee members, as well as one further member of the Board of Directors and an external specialist. The ESAB was established in July 2021. Its role is to provide strategic advice, recommendations and guidance to assist and support decisions of the governing bodies for topics related to sustainability initiatives, targets, frameworks and strategies. In doing so, it can help to embed sustainability and ESG-related factors within EFG's business strategy, governance and risk management framework. [...] The Executive Committee is further supported in its activities by the Sustainability Steering Committee (SSTC). The Executive Committee also has several dedicated risk management sub-committees to ensure cross-functional alignment on risk topics. [...] In November 2023, the Executive Committee and the Risk Committee approved the updated Group risk management and risk appetite frameworks, which also include ESG-related elements. The frameworks were approved by the Board of Directors in December 2023. Also in December 2023, the Executive Committee approved a General Directive on ESG-related Risks, which sets out the strategy, governance and risk management process around ESG-related aspects.