**GROUP SUSTAINABILITY COMMITTEE (GSC)[1]** Meets at least quarterly The GSC interacts with the board and the committees below in the following ways: with the board on the sustainability strategy and embedding it into the overall group strategy; with the G&ARC on ESG risks and external disclosures, including TCFD; with the Nomination & Governance Committee on matters regarding composition and sustainability-related skills, knowledge and experience; with the Remuneration Committee on trends in which management are and should be incentivised on ESG factors; with the GIC on investment-related matters, including the transition plan to net zero; and with the SLT and divisional executive committees to facilitate all of the above. **GROUP CEO** **SENIOR LEADERSHIP TEAM (SLT)** Meets monthly The SLT is in place to challenge and support the Group CEO and the leadership team. It is accountable for the review and sign-off of the quarterly risk report, including any material variations in the impact of climate change upon the group, as well as monitoring risk appetite compliance. It is also responsible for oversight of the sustainability programme. **GROUP INVESTMENT COMMITTEE (GIC)** Meets twice a quarter The GIC is in place to challenge and support the Group CEO and the leadership team. The GIC Terms of Reference specifically include consideration of ESG factors, including overseeing the asset managers' approach to ESG and climate change related matters. _1 The GSC is not a board committee but operates across the group, interfacing with the board and works with its Board Committees and Group Executive Committees._ The business units, with their own local governance structures and boards, feed into the group governance structure via quarterly divisional MI packs, quarterly business reviews and risk reporting, and annual local business plans (note this list is not exhaustive). Board Board Committee Group Sustainability Committee Group Executive Committee [...] **How management and board members are informed of and monitor** **climate-related issues** – **Group board: has sustainability, including climate change, as a regular** agenda topic for discussion. During 2023, this specifically considered the group climate change risk assessment (through the GA&RC), and the overall vision and approach of the group in regards to sustainability and group-wide climate change-related scenario analysis in the ORSA. Sustainability training was delivered to executive and non-executive directors across the group during the year. – **Group Sustainability Committee: chaired by Jane Dale, the group's Senior** Independent Non-Executive Director, its membership consists of the executive management across the group and its divisions. This committee is the key focal point for the review of climate-related risks and opportunities and links in with the other group governance committees. The GSC annual agenda planner determines which topics are covered at each meeting and those meetings, together with the GIC and SLT, will determine the items to be escalated to the board. The interactions of the GSC with the different committees and the board are detailed on the previous page. – **Senior Leadership Team: regularly discuss climate-related issues and** how they factor into business planning, strategy and risk management. – **Group Investment Committee: working with the GSC, the GIC will focus** on the just transition of the group's asset portfolio in line with its net zero targets. The GIC and GSC will also work together to identify potential areas of impact investing. – **Sustainability workstream working groups: established alongside** the GSC, these groups consist of the key sustainability leaders across all divisions in the business, for investments, operations and reporting and progress is reported directly into the GSC. – **Acquisitions: as part of the due diligence process for potential acquisitions,** we assess the target company's approach to climate-related risks and consider the emissions of their operations and underlying assets.