Enstar Group Ltd

The EGL Board also has responsibility for the Enstar Group's environmental, social and governance ('ESG') programme, which includes a climate change commitment focusing on managing and mitigating the three types of climate risk (physical, transition and liability risk) that may affect the sustainability of the insurance contracts we assume, in line with our board-approved Enterprise Risk Management ('ERM') Framework and Risk Appetite Framework. [...] The EGL Board and its supporting committees receive quarterly ERM reports providing information regarding aspects of climate change risk (e.g. insurance litigation and market risks). Comprehensive climate change training has been provided to directors, to support climate-related discussions and the identification of both the risks and opportunities presented by climate change. [...] One of the six committees that supports the EGL Board is the EGL Risk Committee. The EGL Board has delegated responsibility for oversight of our ESG programme to the EGL Risk Committee, in coordination with other committees of the EGL Board as appropriate. The EGL Risk Committee promotes a risk-aware culture throughout the group. Its oversight responsibilities include reviewing and evaluating the risks to which Enstar Group is exposed. This includes the monitoring and oversight of the guidelines and policies that govern the processes by which we identify, assess, manage, monitor, and report our exposure to risk (both emerged and emerging), including ESG and climate-related risks. Where required, the EGL Risk Committee recommends specific actions to the EGL Board to ensure that risks continue to be managed to appetite. These actions are formally tracked through to resolution. The EGL Risk Committee is chaired by a non-executive director and meets at least quarterly. The EGL Risk Committee is comprised entirely of independent directors. [...] Our Audit Committee periodically reviews the preparation and review processes applied to Enstar Group's ESG disclosures and confirms that they are acceptable. Ownership and governance for sustainability-related risks and sustainability commitments are embedded within our business. At the management level, responsibility for climate-related risks and opportunities sits with our Group Chief Risk Officer and our Group Head of ESG. [...] In September 2021, management established the ESG Oversight Group, comprising senior executives from key functional areas, to oversee the implementation of our ESG (including climate-related) strategy. The Oversight Group is chaired by our Group Chief Risk Officer, who has the Executive-level responsibility for ESG and who is ultimately responsible for integrating climate-related risks into the EGL ERM Framework. The ESG Oversight Group is responsible for implementing and reporting on the group's ESG programme to the EGL Board and its committees via quarterly ERM reports. [...] The ESG Oversight Group is supported by the ESG Working Group, a cross-functional forum comprising management level representation from across the organisation (Finance, Treasury, Investments, Risk, Compliance, HR, Legal, Operations, Communications) who are responsible for the implementation of our ESG strategy. Beginning on 1 January 2023, the ESG Working Group is chaired by our Group Head of ESG and considers emerging ESG issues, which may become material to the business and affairs of our group.

The EGL Board and its supporting committees receive quarterly ERM reports that provide information regarding aspects of climate change risk (e.g. insurance litigation, market and operational risks). During 2023, the business delivered an introductory in-house ESG training module to employees and Directors. The training provides an overview of ESG issues, explains their importance to Enstar and outlines the actions the business has taken to date, including a summary of Enstar's work to manage climate change risk. [...] One of the six committees that supports the EGL Board is the EGL Risk Committee, which has delegated responsibility for oversight of our ESG programme, in coordination with other committees of the EGL Board as appropriate. The EGL Risk Committee promotes a risk-aware culture throughout the Group; its oversight responsibilities include reviewing and evaluating the risks to which Enstar Group is exposed. This includes the monitoring and oversight of the guidelines and policies that govern the processes by which we identify, assess, manage, monitor and report our exposure to risk (both emerged and emerging), including ESG and climate-related risks. Where required, the EGL Risk Committee recommends specific actions to the EGL Board to ensure that risks continue to be managed to appetite. These actions are formally tracked through to resolution. The EGL Risk Committee is chaired by an Independent NonExecutive Director and meets at least quarterly. The EGL Risk Committee is comprised entirely of Independent Directors. [...] Ownership and governance for sustainability-related risks and sustainability commitments are embedded within our business. At the management level, responsibility for climate-related risks and opportunities sits with our Group Chief Risk Officer and our Group Head of ESG. [...] In September 2021, Enstar established an ESG Oversight Group, comprising senior executives from key functional areas, to oversee the implementation of our ESG (including climate-related) strategy. The Oversight Group is chaired by our Group Chief Risk Officer, who has the Executive-level responsibility for ESG and who is ultimately responsible for integrating climate-related risks into the EGL ERM Framework. The ESG Oversight Group is responsible for implementing and reporting on the Group's ESG programme to the EGL Board and its committees via the ERM reports that are presented to the EGL Risk Committee quarterly. The ESG Oversight Group is supported by the ESG Working Group, a cross-functional forum comprising management-level representation from across the organisation (Finance, Treasury, Investments, Risk, Compliance, HR, Legal, Operations, Communications), who are responsible for the implementation of our ESG strategy. The ESG Working Group is chaired by our Group Head of ESG and considers emerging ESG issues, which may become material to the business and affairs of our Group. Day-to-day, the ESG programme is managed by Enstar's dedicated ESG team, led by the Group Head of ESG.

Does your organization have a public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement?[…]No, and we do not plan to have one in the next two years

Describe the process(es) your organization has in place to ensure that your external engagement activities are consistent with your climate commitments and/or climate transition plan?[…]Enstar has organised its overall sustainability and corporate responsibility approach along ESG principles. It has been planned around Enstar abiding by and upholding ESG principles as a part of our corporate strategy to become a top performing company.