ERM Global Policy
Sustainability

1.0 PURPOSE
Sustainability at ERM is our commitment to supporting
socioeconomic development that meets the needs of the present
without compromising the ability of future generations to meet theirown needs. This includes doing our part to help reduce society’s
negative impacts on the environment while promoting lastingsocial and economic development of communities.
As a business, we aim to create long-term stakeholder value bybalancing the necessary financial performance of the company
with the impact we have on the environment and society. We
believe that these can and should be mutually beneficial, and ourobjective is to ensure that this is the case at ERM.
This policy relates to ERM’s management of its sustainabilityrelated performance. This document should be read in conjunction
with our Sustainability Approach, which together outline theSustainability Program at ERM.
2.0 SCOPE
The term “Employee” or “Employees” is specifically defined, forpurposes of this policy, as: any personnel hired directly by ERM(regardless of status classification of full-time, part-time,temporary, contract, etc.); interns (even if an intern does notreceive payment by ERM); employees of other companies
seconded into ERM; and any ERM employee seconded to a nonERM company.
This policy applies worldwide to all ERM entities and all
Employees. All Business Units at ERM are expected to incorporate
sustainability objectives in their strategies and to continually
improve their performance in this area.
3.0 POLICYERM shall support sustainability in the following ways:

3.2 External disclosure. ERM will disclose to stakeholders oursustainability performance and progress on commitments to thirdparty initiatives. The timing, frequency and formats for disclosure
will be informed by relevant standards and industry best practice.
3.3 Collaboration. The effectiveness of ERM’s Sustainability
Program requires the support and cooperation of our employees,
clients, suppliers and business partners. We will engage regularly
with key stakeholders to help us understand, prioritize andmanage our sustainability impacts.
3.4 Employee engagement. ERM will maintain an employee-led
Sustainability Network to drive improvements in ERM’s
sustainability performance through Sustainability Action Plans ineach Business Unit. These plans and reports of progress shall beavailable to all employees through an online portal.
3.5 Management of ESG related Risks andOpportunities Through ERM’s end to end risk based decision
process for client and opportunity selection, we will vet each clientwith whom we choose to work and opportunities we chose topurse, ensuring they align with ERMs purpose, values andcommitments. We will apply the same principles to organizations
we partner with, look to acquire and any 3rd parties who comprise
key parts of our value chain. We establish positions for certain
industries that may pose potential conflict of alignment .e.g. we will
not work for Tobacco clients. .
3.6 Maintaining ERM ESG Risk and Sustainability SteeringGroup The purpose of the ESG Risk and Sustainability

Steering Group is to ensure the ERM Board has strategic
oversight of setting ERM’s Sustainability and ESG ambition
that will in turn provide the framework for both ESG risk
management matters and the opportunity side ofreputational and brand management. The core scope andmandate for the Steering Group is fourfold:

3.1 Maintaining an Executive Committee Sustainability
Working Group. The Sustainability Working Group will bringsenior leadership, market knowledge, technical expertise andinsights to identify strategic sustainability issues of importance.

1.

As a sub-committee of the Executive Committee, the Sustainability
Working Group will oversee ERM’s sustainability ambition, targets,performance and disclosure.

3.

The business of sustainability

2.

Provide strategic input into ERM’s overall Sustainability &ESG ambition, targets and disclosures as well as
ensuring ERM maximizes its brand impact.
Provide direction and oversight with regards to theESG/Reputational Risk Management Process in ERM.
Provide input to risk appetite on emerging issues andongoing evolution of the ESG risk universe through theregular review of a reputational risk register.

ERM Global Policy

4.

Sustainability

Provide input to and feedback on ERM's response tocurrent and emerging regulatory and best practiceSustainability and ESG governance requirements.

ERM Global Policy Manual Administration
Policy Title: Sustainability
Policy Number: 10
Revision Number: 4
Effective Date of this Version: 11 April 2023
Original Approver and Original Effective Date: Group CEO / 15
November 2010 (Approval and version history maintained by ERM
Legal Department)
Policy Description: This policy defines ERM’s governance andcommitments on sustainability and should be read in conjunction
with our Sustainability Approach.
Authority to Amend this Policy: Group CEO
Authority to Waive this Policy: None
Policy Review Cycle: 4 years from Effective Date of this version
Docket Responsibility for Review Cycle: Chief Compliance
Officer

www.erm.com
11 April 2023

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