Kia Corp

##### Climate-related Risks and Opportunities under the Boards' Supervision

The Sustainability Management Committee, which operates under the Board of Directors (BOD), is responsible for managing ESG risks. The committee regularly convenes to report on the progress of relevant tasks and ongoing plans. Management performance, including climate change and carbon neutrality, as well as related plans, are reported to our board. The board, as the top decision-making body, has the final responsibility for these matters and makes decisions on key issues that are reported. These reports are made under the responsibility of the CEO. [...] ##### Procedures to Manage Climate-related Risks The procedures for risk management and decision-making are as follows.

Councils by division / issue (quarterly)

Report to the board (once a year)

ESG Council

Report to CEO (twice a year)

Check pending agenda and discuss what is required for improvement

Make decisions on key issues by management

Share the status of implementation of each division and review the

Report on company-wide progress towards carbon neutrality

When financial contributions are made on associations, Kia manages nature of the organization, details/purpose of expenditure, and activities that meet the purpose of the expenditure with the Finance and accounting division for association expenses that the company spends. These expenditures are thoroughly reviewed and managed through the department that executes the contribution > general management department > management level > board of directors. In particular, we monitor the status of ESG agendas of associations, including activities related to climate change and Kia expects those institutions to act in accordance with the Paris Agreement and other global ESG-related standards and frameworks. If the organization's activities do not conform to the Paris Agreement, it can be monitored and the association can be asked to conduct corrective actions accordingly.

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