Bread Financial Board of Directors: Our Board of Directors collaborates with management to serve the long-term interests of the company and all our stakeholders. Our Board delegates specific oversight responsibilities among four standing committees, the Audit Committee, Compensation & Human Capital Committee, Nominating & Corporate Governance Committee, and Risk & Technology Committee. Each committee has a defined charter outlining its distinct roles and responsibilities. This approach enables our Board to more effectively oversee the responsible management of the business, inclusive of sustainability matters. Oversight of climate-related risks is included in the Board's broader sustainability governance structure, under which the Board does the following: - Oversees, directly and through its standing committees, the implementation of the organization's sustainability strategy, including climate risk mitigation efforts. - Receives, at least annually, updates from leadership on the sustainability strategy and progress. - Receives quarterly updates cascaded from the Nominating & Corporate Governance and Compensation & Human Capital Committees regarding their respective areas of sustainability oversight. [...] Nominating & Corporate Governance Committee: The Nominating & Corporate Governance Committee is responsible for providing oversight of the implementation of our sustainability strategies. The committee collaborates closely with both our management team and Chief Sustainability Officer on pertinent initiatives, policies, guidelines and procedures that address environmental and climate risk considerations with at least quarterly management updates. The Nominating & Corporate Governance Committee's role in climate-related oversight includes the following: - Review and approve, at least annually, and recommend to the Board for approval, the company's sustainability strategy and advise management on related policies, guidelines and practices. - Oversee our initiatives, programs, practices and formal reporting related to sustainability matters. [...] Audit Committee: The Audit Committee is responsible for monitoring the integrity of the company's financial statements, compliance with legal and regulatory requirements, and overseeing the activities and results of the organization's internal audit function. The Audit Committee's involvement in climate-related oversight includes the following: - Review the results of Internal Audit's periodic assessment of the organization's sustainability strategy, program and reporting. - Review the company's major financial risk exposures and the steps management has taken to monitor and control such exposures. [...] Risk & Technology Committee: The Risk & Technology Committee plays a pivotal role in supporting the Board's oversight of the organization's Enterprise Risk Management (ERM) program. The committee receives at least quarterly reports to assess the company's compliance with its established risk appetite, while carefully reviewing and monitoring major known and emerging risk exposures, and also oversees the company's enterprise technology function. The Risk & Technology Committee's involvement in climate-related oversight includes the following: - Review significant and emerging risks to the organization and assess if the company is in accordance with its risk appetite. - Evaluate risk reports provided by our Chief Risk Officer and other members of management and advise the Board on those material risks, including climate, which might adversely affect the achievement of our strategic, financial, compliance, operational and enterprise objectives.