The social, ethics and sustainability committee (SESCO) increased its focus on climate risk, and a sustainability committee was created to support the implementation and execution of climate-related risk management measures. [...] Our SESCO provides oversight of this report. No third-party assurance was provided on any data in this report. [...] The board of directors (the board) has the ultimate responsibility to ensure Capitec operates responsibly and sustainably. This includes monitoring the identification, evaluation and management of climate-related risks and opportunities. In doing so, board oversight of sustainability-related matters is supported by several board-appointed committees, such as the group executive committee (EXCO), risk and capital management committee (RCMC) and SESCO. [...] Committee members are presented with ESG and climate-related issues at each meeting. These routinely include associated risks and opportunities, strategy implementation progress and short- and medium-term action items. [...] At board level, the primary responsibility for monitoring climate-related risks lies with independent non-executive directors, Stan du Plessis (chairman of the RCMC) and Danie Meintjes (chairman of the REMCO), with governance and oversight primarily delegated to the SESCO. Strategy implementation is governed by senior management, in particular, members of the sustainability committee who report to the SESCO. [...] The CEO takes ultimate executive responsibility for all climate-related and sustainability matters. He is supported by several management committees, most notably the credit committees, risk committee (RISCO) and the sustainability committee. [...] Note 1: The following responsibilities have been assigned to executives by the SESCO: - Gerrie Fourie, our CEO, is responsible for Capitec's overall strategy. He ensures that climate risk management is integrated with the business strategy and that the strategy also yields positive climate change risk mitigation outcomes - Nkosana Mashiya, our CRO, is responsible for ensuring that risks are duly managed and reported to the relevant board committees - Grant Hardy, our CFO, is responsible for the accurate disclosure and reporting of information in the public domain. In this context, investors have recently shown an increased interest in climate change risk and have requested increased disclosure to inform their clients and stakeholders accordingly. [...] The sustainability committee is the primary management committee responsible for the identification, assessment, monitoring and management of climate-related risks and opportunities, and the implementation of appropriate mitigation and adaptation strategies. This committee is chaired by the head: operational risk, who presents a report to the SESCO biannually. Its inaugural meeting was convened on 19 October 2022. [...] Although the sustainability committee meets formally twice a year, multiple informal workshops are convened throughout the year with members to ensure strategy implementation remains on track and to address any potential blockers. An update is also included in the document pack of the monthly EXCO and the bimonthly RISCO meetings. Updates routinely include associated risks and opportunities, strategy implementation progress and short- and medium-term action items.