Wizz Air Holdings Plc

##### VII. CLIMATE POLICY POSITIONS AND ADVOCACY

**POLITICAL DONATIONS AND ADVOCACY EXPENDITURES**

Wizz Air works constructively with all levels of government across its network, regardless of political affiliation. Wizz Air believes in the right of individuals to engage in the democratic process. However, Wizz Air itself does not make any political donations and does not incur any political expenditure. Employees are also obliged to follow the Wizz Air Code of Conduct and Anti-Bribery Policy, and therefore may not improperly influence decisions about Wizz Air by any government, legislators, authorities or regulators. Any risk of significant violation of these policies and procedures is escalated by the Corporate and ESG Officer to the Audit and Risk Committee.

Wizz Air is politically neutral, and prohibits contributions to political parties, campaigns, political think tanks and any equivalent political donations on behalf of Wizz Air, either directly or indirectly, by its employees or contractors. On occasion, the Company offers non-financial support to public events which support issues of importance to the Company and the aviation industry. Any expenditure in this regard requires the approval of an Officer of the Group.

Since November 2021, Wizz Air has been collaborating with Penta (formerly Hume-Brophy) on advocacy issues in the European Union, with a special focus on climate or other regulation impacting aviation. Wizz Air is also listed in the EU Transparency Register.

In November 2019, the Board approved the extension of the Audit Committee's remit to include the oversight of the Company's sustainability strategy. The Audit Committee was renamed as the Audit and Sustainability Committee and its terms of reference were amended accordingly. [...] As a consequence, the Audit and Sustainability Committee is now also responsible for: reviewing the Group's sustainability strategy and its implementation; examining the extra-financial risks and specifically those relating to environmental, social and societal issues; and coordinating non-financial and diversity reporting processes in accordance with applicable legislation and international benchmarks.

The Sustainability and Culture Committee assists the Board in reviewing the Company's policies and practice on sustainability. It ensures that the Company promotes long-term value creation and thus takes environmental issues into account in defining the Company's strategy by submitting recommendations to the Board. The Sustainability and Culture Committee ("the Committee") shall: (a) review the Group's sustainability strategy and its implementation; (b) examine the extra-financial risks and specifically those relating to environmental, social and societal issues; and (c) coordinate non-financial and diversity reporting processes in accordance with applicable legislation and international benchmarks. The Committee also assists the Board in reviewing the Company's policies and practice on culture. It ensures that the Company promotes diversity throughout the entire workforce and enables an effective two-way communication between the management and employees. This entails the following responsibilities: (a) review the Group's diversity strategy, targets and their implementation; and (b) review the Group's employee relations, in particular the effectiveness of the People Council. The Committee also appointed a Director responsible for employee engagement (including engagement with the Wizz Air People Council). In F23, the Sustainability and Culture Committee reviewed the Company's sustainability and climate actions during six meetings. A detailed update on the main agenda items can be found in the Chair's letter. [...] The Audit and Risk Committee has a crucial role in overseeing the Company's risk assessment processes. This includes the approval of the processes around the Enterprise Risk Management framework (outlined on page 86) and the annual comprehensive climate opportunity and risk analysis integrated into that. In addition to the regular, bi-monthly Board updates, the Committee receives a detailed briefing on the principal risks as well as the risk appetite and it reviews the action plans proposed by management. [...] The Board of Directors continues to be committed to Wizz Air maintaining its position as the greenest choice for air travel, and supports projects, innovation and investments that contribute to reducing the impact of Wizz Air's operations on the environment. Going forward, as of F24, the Board and the Sustainability and Culture Committee will continue to review the execution of the Company's sustainability strategy during each of its meetings (six times per annum), in a review led by the Corporate and ESG Officer, who is the Chair of the internal Sustainability Council. [...] The Sustainability Council, chaired by the Corporate and ESG Officer, meets for regular reviews to discuss the sustainability agenda, new developments and the status of ongoing projects and to discuss and analyse further plans regarding the Company's decarbonisation pathway. On the working level, the Sustainability Council is coordinated by the Group Sustainability Manager, and is comprised of key internal stakeholders such as the Corporate and ESG Officer, the Executive Vice President and Chief Corporate Affairs Officer, the Executive Vice President and Chief Financial Officer, the People Officer, the Customer and Marketing Officer, the Managing Directors of the airlines within the Group, and all Heads of Function along with senior managers responsible for the applicable business areas. The meetings are also regularly attended by the leaders and working level experts of strategic functions like Operations, Fleet Acquisition, Supply Chain, Organisational Development, Human Resources, and others. The Council's main task is to drive the Company's sustainability strategy and cascade the related actions into the organisation. The Company-wide, fully cross-functional Sustainability Council will continue to meet regularly and will debrief the full Leadership Team including the CEO on the progress it is making versus its strategic priorities. Where needed, during these meetings amendments to goals and strategies will be aligned. Subsequently, progress and future strategies will be coordinated with the Sustainability and Culture Committee.

In November 2019, the Board approved the extension of the Audit Committee's remit to include the oversight of the Company's sustainability strategy. The Audit Committee was renamed as the Audit and Sustainability Committee and its terms of reference were amended accordingly. [...] As a consequence, the Audit and Sustainability Committee is now also responsible for: reviewing the Group's sustainability strategy and its implementation; examining the extra-financial risks and specifically those relating to environmental, social and societal issues; and coordinating non-financial and diversity reporting processes in accordance with applicable legislation and international benchmarks.

##### VII. CLIMATE POLICY POSITIONS AND ADVOCACY

**POLITICAL DONATIONS AND ADVOCACY EXPENDITURES**

Wizz Air works constructively with all levels of government across its network, regardless of political affiliation. Wizz Air believes in the right of individuals to engage in the democratic process. However, Wizz Air itself does not make any political donations and does not incur any political expenditure. Employees are also obliged to follow the Wizz Air Code of Conduct and Anti-Bribery Policy, and therefore may not improperly influence decisions about Wizz Air by any government, legislators, authorities or regulators. Any risk of significant violation of these policies and procedures is escalated by the Corporate and ESG Officer to the Audit and Risk Committee.

Wizz Air is politically neutral, and prohibits contributions to political parties, campaigns, political think tanks and any equivalent political donations on behalf of Wizz Air, either directly or indirectly, by its employees or contractors. On occasion, the Company offers non-financial support to public events which support issues of importance to the Company and the aviation industry. Any expenditure in this regard requires the approval of an Officer of the Group.

Since November 2021, Wizz Air has been collaborating with Penta (formerly Hume-Brophy) on advocacy issues in the European Union, with a special focus on climate or other regulation impacting aviation. Wizz Air is also listed in the EU Transparency Register.

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]Since November 2021, Wizz Air has been collaborating with Hume-Brophy on advocacy issues in the European Union, with a special focus on climate or other regulation impacting aviation.

The purpose of Wizz Air's sustainability strategy is to have a clear overview of where we are today and what actions need to be taken to achieve our environmental targets and to stay financially and operationally
resilient in the face of climate change and its inherent physical and transitional risks. We believe that climate legislation can create the right path for aviation's future, but only if applied fairly and equally, without distorting the market. The entirety of aviation, meaning the operators of all flights need to contribute and play their part equally. Net Zero, after all, is everybody's responsibility, without exception. This is the only way polluters will embrace more efficient technology and more efficient business models. Wizz Air's climate related advocacy has been focusing to ensure fair and equal application of all measures, without exceptions. Government support, policy and economic incentives for the private sector are critical to enable a transition to widespread pathways and production of SAF. Effective European policy mechanisms can aid the wider adoption of SAF across Europe faster, increase production and supply capacity as well as lowering the cost of sustainable fuel production. The same applies to new innovative solutions such as zero emission aircraft and the required supply chain and infrastructure. Wizz Air has been advocating for substantial investments into aviation's decarbonization, to enable the Net Zero objectives within the sector.

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