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It is assisted by the Audit and Compliance Committee in the review and consideration of any disclosures related to ESG matters, including climate-related disclosures.

A number of our Directors also have experience of assessing climate- related factors and have received training on this topic through other executive and non-executive roles.

Governance The Board as a whole is responsible for the approval and oversight of 3i’s approach in relation to ESG and climate matters.

As part of the work we are carrying out to align our climate disclosures with the TCFD recommendations, we are now completing the process of collecting GHG emissions data from our portfolio companies and improving our processes and tools to ensure that this data can be collected and managed with better consistency.

We have also read the disclosure of climate related information in the front half of the annual report as set out on pages 60 to 66 and considered consistency with the financial statements and our audit knowledge.

Table of Contents Other AFFF Cases In June 2019, several subsidiaries of Valero Energy Corporation, an independent petroleum refiner, filed eight AFFF cases against 3M and other defendants, including DuPont/Chemours, National Foam, Buckeye Fire Equipment, and Kidde-Fenwal, in various state courts.

No one, including your employer or any other person, may fire you or otherwise discriminate against you in any way to prevent you from obtaining a welfare benefit or exercising your rights under ERISA.

The outcome of these analyses informs our climate strategy.

Climate Action We are working to actively decarbonize our global operations, including our breweries and our vertical operations that produce packaging and brewing material, and continue to scale technologies that help us reduce Scope 1 and 2 emissions.

In 2018, following the Intergovernmental Panel on Climate Change recommendation, we committed to reducing absolute Scopes 1 and 2 GHG emissions b y 35% by 2025 from a 2017 baseline, which aligns with the pathway to keep global warming to 1.5 degrees Celsius.

Policy frameworks would be expected to be more conducive to meeting our long -term climate ambitions.

Low Exposure to potentially higher costs associated with carbon taxation and carbon pricing schemes could be expected as climate regulations accelerate.

Each bottle features a rain gauge that explains how rainfall affects local crops.

As part of our 2025 Climate Action Goal, we have set a science-based target to reduce our GHG emissions by 25% per hectoliter across our value chain by 2025 from a 2017 base year and to reduce our absolute Scope 1 and 2 emissions by 35% in the same timeframe.

Read more in our TCFD Recommendations – Climate-related disclosure, available at asml.com Alongside our efforts to lower our carbon footprint, we are committed to using our innovations and digital technologies to enable the wider semiconductor industry to reduce its overall environmental footprint.

Total 367 326 344 Fuels consumed from renewable sources (in TJ) — — — Energy efficiency and climate action – Energy Description 2021 2022 2023 Comments 1.The sources of the conversion factors used are the Dutch Emissions Authority and the US Energy Information Administration.

Our score in the most recent CDP Climate Change 2023 questionnaire was B, with C being the global average.

•In 2023, we updated the 'energy consumption outside the organization' indicator to only include direct climate change effects of air travel.

Read more in our TCFD Recommendations – Climate-related disclosure, available at asml.com In our factories, we use water in three key ways: Firstly, we use it to remove heat loads and maintain the system s at a constant temperature.

Our customers are not always able to use 100% renewable electricity to run their business.ASML ANNUAL REPORT 2023 ENVIRONMENTAL CONTINUED STRATEGIC REPORT CORPORATE GOVERNANCE FINANCIALS 77 Energy efficiency and climate action (continued)

We contribute to SDG 13 (Climate action) by promoting energy efficiency and climate action across our value chain.

The CBO (a member of the BoM) is the risk owner, for instance, for climate-related risks.

How we’re managing our impact As we work toward net zero emissions in our value chain, our most immediate task is to manage the climate impacts of our own operations and buildings.

We identify and assess the impact of climate-related risks and opportunities using the assessment guidelines of the Task Force on Climate-related Financial Disclosures (TCFD).

We also seek to link our climate ambition to our Group-level third- party financing, where possible.

Investment teams Day-to-day implementation of the Responsible Investing Policy and Climate Change Policy, and the integration of climate-related consideration in investment processes, are the responsibility of all portfolio managers and investment professionals, guided by the RI Committee and the Sustainability & ESG team.

This scenario assumes future implementation of emissions management and mitigation policies; and • RCP8.5, is the highest baseline emissions scenario, in which emissions continue to rise throughout the twenty-first century, such that the most adverse effects of physical climate change manifest.

We consider climate-related risks as a cross-cutting risk type that manifests through the Group’s established principal risks (see page 66), and therefore may affect the Group’s strategic objectives (see page 4).

This means that we recognise the potential impact climate-related issues may have on other material risks within our RMF, namely the Group principal risks1 (see page 66).

For relevant investments, the investment team and Sustainability & ESG team engage directly with the board and management teams of the relevant portfolio companies to help them establish a baseline carbon footprint assessment, and then set emissions reduction targets aligned with the latest climate science and develop strategies to help deliver these targets.

The Science Based Targets initiative helps drives climate action in the private sector by approving and validating companies' science-based emissions reduction targets (SBT).

The diagram below provides an overview of the Group’s governance structure for the oversight, assessment and management of climate-related risks and opportunities.

Climate risk assessment For each potential investment opportunity, we use a climate risk assessment tool and methodology bespoke to the nature of the investment (in a company or real asset) to help us identify and assess whether there are any material climate-related risks associated with an investment.

Disclose the metrics used by the organisation to assess climate-related risks and opportunities in line with its strategy and risk management process b.

Embedding climate considerations into our culture Remuneration The Group and its Board have a long-term orientated approach to variable pay, which aligns our Executive Directors to the interests of our shareholders.

Conscious working We promote work practices that encourage employees to be conscious of their impact on the climate.

In addition to the regular meetings, in the first half of 2023 the ESG Committee participated in a full day of climate-focused training, which included deep-dives on climate change, biodiversity and sustainable finance.

The stress-testing framework considers idiosyncratic, market-wide, combined (idiosyncratic and market- wide), and climate and environmental stress scenarios.

This report explains how our financing impacts climate change, as well as how climate change impacts our business.

Climate risk can impact the macro-economy, businesses, and individual households.

Within this document, guidance is provided on the minimum standards that need to be applied when climate risk stress tests are developed, implemented, and executed.

For more information on our sustainable housing approach, see our 2023 Climate Report on ing.com.

Furthermore, the upcoming presidential election cycle in the United States has the potential to be disruptive to the global economy as it may result in leadership changes in many federal administrative agencies and result in a range of new policies, executive orders, rules, initiatives and other changes to United States fiscal, tax, regulation, environmental, climate and other policies.

For further detail and the reporting methodologies, see pages 242-266.PIONEER GRAIN-TO-GLASS SUSTAINABILITY continued 86 Diageo Annual Report 2023 How we have reported consistent with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) In preparing our disclosures, we have taken into consideration the TCFD all sector guidance.

Consideration of climate risk impact The impact of climate risk on the future cash flows has also been considered for scenarios analysed in line with the climate change risk assessment.

The climate change scenario analyses performed in 2023 – conducted in line with TCFD recommendations (‘Transition Scenario’ (RCP 2.6), a ‘Moderate Warming’ Scenario (RCP 4.5) and a ‘Severe Warming Scenario’ (RCP 8.5)) – identified no material financial impact to these financial statements.

We used our knowledge of the group and we engaged with our own climate change experts to evaluate the risk assessment performed by management, and to understand the scenarios considered.

As a result, we considered in particular how climate risks and the impact of the ‘Society 2030: Spirit of Progress‘ commitments would impact the assumptions made in the forecasts prepared by Diageo used in the group’s impairment analysis (see also key audit matter on Valuation of goodwill and brand intangibles) and for going concern purposes.

TCFD recommendation Compliance GOVERNANCE See page 72 a.Describe the board’s oversight of climate-related risks and opportunities.

Risks summary Risilience quantified easyJet’s climate change risks using a five-year Enterprise Value at Risk (5yrEV@Risk) metric for the period FY24–28, which shows how the risks would impact discounted cash flows over five years according to different scenarios, aligned with the timeframe for easyJet’s budget, corporate strategy and financial planning process.

These estimates include key assumptions underpinning the strategic plan, fuel prices including exchange rates (including the ability of cost increases to be passed through to the customer), contracted increases in fleet size, revenue per seat short and long-term economic growth rates and the impacts of climate change on future cash flows.

The AMB is led by the CEO, who is a member of the plc Board and is ultimately responsible for climate-related issues.

Mitigations and controls for these risks were developed by the named risk owners including those outlined on page 66 and are documented in the Climate Change Transition Risk Register, overall ownership of which sits with the CFO.

Engaging with policymakers Our public policy positions promote effective climate regulation and decarbonisation technologies for aviation.

TCFD categorisation was then used to define transition and physical risk definitions and scope, and each risk was modelled independently.

Discussed the EU’s ‘Fit for 55’ climate legislation package and how to stimulate the technological innovation that will be needed for zero emission aviation, including through the EU’s Alliance for Zero-Emission Aviation.

Risks and mitigation options identified through these metrics have been incorporated into easyJet’s climate change transition plan and continue to inform our financial and strategic planning.

The terminal value cash flows and long-term growth rate incorporate the impacts of climate change insofar as they can be determined (see note 4).

These include obligations under EU Directive 2014/95/EU on non-financial reporting and its transposition in the UK and Spain, the 2018 UK Streamlined Energy and Carbon Reporting regulation, the Task Force on Climate- related Financial Disclosures (TCFD), and the EU Taxonomy Regulation (2020/852).IAG aligns with selected GRI standards based on compliance with Spanish Law 11/2018.

Reports into the IAG Sustainability Steering Group (SSG) Hangar 51 Governance Committee At least bi-annually Reviews new potential investments to consider emerging climate technologies and partnerships with sustainability start-ups.

Due to the length of build projects, the prevailing economic climate at initiation may be different from that at completion.

We concluded that as we have fully costed and committed to invest £135m to achieve our science-based net zero target by 2030, this mitigated the climate change transition risk sufficiently.

38 › Contingencies The Group has contingent liabilities in respect of legal claims, tax queries, contractor claims, guarantees and warranties arising in the ordinary course of business, as well as contingent liabilities for fire safety remediation arising from the Building Safety Act 2022, for which it is not yet possible to quantify any potential future liability.

In 2022, we achieved certification to BS 9997 for our fire safety management system, which we have maintained this year.

Where considerations of climate change were relevant to our assessment of going concern, these are described above.

Task Force on Climate-related Financial Disclosures (TCFD) statement In 2016, we were the first property company in the world to have its carbon emissions target approved by the Science Based Targets initiative (SBTi).

All high-rise residential buildings above 11 metres in our portfolio have been examined by independent fire engineers to ensure they remain safe for occupation and meet stringent new building regulations, with design principles aligned with requirements of the Building Safety Act mandated on all future schemes.

Our Climate and nature report , prepared in line with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD), describes our climate and environment strategy, scenario planning, risk management, metrics and governance.

Our disclosures are consistent with the recommendations of the Task Force on Climate-related Financial Disclosures and can be found on pages 45 to 48 of this report, with additional information available in our separate Climate and nature report.

Climate and nature report Our Climate and nature report is available on our Group website.

Caution about climate information This Annual report and accounts contains climate and ESG disclosures which use a large number of judgments, assumptions and estimates in connection with involved and complex issues.

Our Climate transition plan aims to minimise exposure to this risk, but its success is dependent on the delivery of the policy actions and the climate reduction targets of the firms we invest in.

As a result, certain climate and ESG disclosures made in this report are likely to be amended, updated, recalculated or restated in future reports.

These judgments, assumptions and estimates are likely to change over time, in particular given the uncertainty around the evolution and impact of climate change and around broader factors, such as impacts and dependencies on nature.

The climate model we use for public assets – Aladdin Climate – was updated in 2023 to better reflect the latest scientific developments, as well as new data sets, including issuer net zero target information (eg Science Based Targets initiative and CDP data ).

We are also aware of reputational climate risk to our business, such as not meeting our targets or overstating our work.

We are also evolving our approach to climate strategy and decarbonisation in line with changing best practice, and may, as a result, review the actions we take to align with the climate transition.

Many publicly-listed companies are measuring and reporting their emissions, which is a required data point for the calculation of climate-related metrics.

Over 2023, our climate advocacy involved contributing to the UK Government’s updated Green Finance strategy, the work of the Transition Plan Taskforce to set out a best-in-class template for corporate disclosure on the transition, the FCA’s Sustainability Disclosure Regime and the European Commission’s proposals to review SFDR.

–Approving and recommending all ESG reporting for the Board’s approval, including the Company’s Sustainability Report and Task Force on Climate-related Financial Disclosures (“TCFD”) Report.

For required spend in years subsequent to FY2023/24 to meet interim and 2029/30 targets, this is currently included within capital expenditure and operating cost increase assumptions in the three-year financial plan rather than being included specifically.

Metrics and Targets A) Disclose the metrics used by the organisation to assess climate-related risks and opportunities in line with its strategy and risk management process.

assessment of the potential impact of climate change on the Group’s account balances and classes of transaction and did not identify any reasonably possible risks of material misstatement.

More information on our risk management process can be found on page 56, which includes the consideration of climate-related risks.C) DESCRIBE HOW PROCESSES FOR IDENTIFYING, ASSESSING AND MANAGING CLIMATE-RELATED RISKS ARE INTEGRATED INTO THE ORGANISATION’S OVERALL RISK MANAGEMENT.

Task Force on Climate-related Financial Disclosures (TCFD) At National Grid, we recognise that addressing climate change as a result of GHG emissions is the defining challenge of the 21st century.

COP27 The 27th UN Climate Change Conference of the Parties held in Sharm El Sheikh in Egypt in November 2022 at which the Company gave various keynote speeches.

Our overall climate commitment is to become a net zero business across scope 1, 2 and 3 emissions by 2050, as established in our CTP.

In the US, we have seen the introduction of the Inflation Reduction Act 2022 (IRA) – one of the most significant investments the US has ever made to develop clean energy and slow the effects of climate change.

The controls for our climate change mitigation GPR are in line with our strategy and regulatory frameworks and are also reflected throughout other relevant risks, for example: regulatory outcomes; political and societal expectations; and significant disruption of energy.

Kusini Water alongside its Reckitt mentor, Deroosha Naidoo, was the subject of the ‘Climate and Us’ film produced for Reckitt by BBC Storyworks Commercial Productions and presented by the Global Climate and Health Alliance at COP28 in UAE.

The CRSEC Committee supports the Board in reviewing, monitoring, and assessing our approach to sustainability, which includes climate change.

Partnerships are essential to addressing the climate and nature crises.

Click to download our ESG Addendum: investors.vodafone.com/esgaddendum Disclosures prepared in accordance with the Task Force on Climate-related Disclosures (‘TCFD’) framework.

The cultural climate in Vodafone is measured through a number of mechanisms including policy and compliance processes, internal audit, and formal and informal channels for employees to raise concerns.

Climate change Working to reduce our environmental impact to reach net zero emissions across our full value chain by 2040.

The Committee recognises the importance of Environmental, Social and Governance (‘ESG’) topics and the requirement for disclosures in accordance with the Task Force on Climate-Related Financial Disclosures (‘TCFD’) framework.

These judgements will be kept under review by management as the future impacts of climate change depend on environmental, regulatory and other factors outside of the Group’s control which are not all currently known.

We have begun this journey with a focus on using green digital solutions to tackle climate change and help decarbonise society.

See additional commentary relating to climate change below.

In FY23 we launched a series of webinars called ‘Green Talks’, covering topics including climate change science and net zero.FY23 network waste management (excluding hazardous waste) 2023 2022 Reused 2% 3% Recycled 94% 92% Disposed14% 5% Total network waste (metric tonnes) 8,920 5,979 Note: 1.