Environmental,
Social, andGovernance
ReportCANNAE HOLDINGS, INC.

/ 2022 ESG REPORT

A message from ourChief Executive Officer
To Our Fellow Shareholders,

exceptional teams by offering competitive compensation,
benefits, and fostering a diverse and inclusive workplace.

We are taking this opportunity to update you on the

Additionally, we believe in the power of volunteerism andprogress we have made in our commitment to responsible

philanthropy to strengthen and engage the communities

environmental, social, and governance (“ESG”) practices.

where our holdings operate. Through local community

At Cannae Holdings, we recognize that managing ESG

involvement, corporate initiatives, philanthropic giving,

opportunities and risks is contributing to a sustainable

and a culture of volunteerism, we strive to make afuture for our companies and the communities we serve,

positive difference.

and is important to our shareholders.
Transparency remains a core principle of our business. We
believe in openly sharing our business practices, corporate
governance, environmental impact, and commitments to ouremployees, portfolio companies, and communities. With that inmind, we are delighted to present our third annual ESG report,
highlighting the strides we have made in advancing our ESG
strategy and initiatives throughout 2022.
Our commitment to ESG encompasses four key areas:
1.

Ethical Operations: Upholding our reputation for integrity
is of paramount importance to us. We hold each employee
and director accountable for contributing to the preservationand prosperity of the Company. Our commitment to fair,transparent, and law-abiding operations is unwavering.
Through robust governance practices, policies, training,
and reporting, we foster a culture that promotes businessintegrity at all levels of our organization.

We are dedicated to continuously refining our ESG practices

Responsible Investment: ESG considerations are

and pursuing new initiatives that align with our values andintegrated into Cannae’s investment process. From diligent

contribute to the betterment of society.

acquisition selection to value creation partnerships,
we actively manage ESG issues within our portfolio
companies, aiming to generate superior returns for ourshareholders while making a positive societal impact.
2.

4.

Together, we can make a meaningful and lasting impact. We
extend our deepest appreciation to our shareholders, employees,
portfolio companies, business partners, and the communities weserve for their ongoing support and collaboration.

Environmental Stewardship: As a holding company, ourdirect operations have a small environmental footprint.
Nevertheless, we firmly recognize the importance ofconducting business in an environmentally responsible
manner. We continue to adopt best practices in

Richard N. Massey

environmental management across our business

Chief Executive Officer

operations and portfolio companies to minimize our impact
on the environment.
3.

Employee and Community Support: Our dedicatedand talented workforce is instrumental to our success. We
remain committed to attracting, developing, and retaining

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2022 At-A-Glance
Unless otherwise noted, this data is current as of December 31, 2022.

Overview

Environment0Cannae Holdings, Inc.
Name

CNNE

(MTCO2e)Stock Symbol (NYSE)

Carbon Footprint:
Scope 1

Diversified Holding
Company
Industry

Las Vegas, Nevada
Headquarters

293 ↑(MTCO2e)Carbon Footprint:
Scope 2

11,988Worldwide
Employees of Cannaeand Consolidated
Subsidiaries

Social68 ↑.

(million kWh)Electricity
Consumption

59%of employees at Cannaeand its consolidated
subsidiaries are female.

76,764$

donated to local and nationalorganizations.

Governance73%

of our board of directors
are independent.

4

out of11

of our board of directors areracially or gender diverse.

662M

~$

Total Operating Revenue

3.91 ↓(million gal)

Water Consumption

ESG Webpage

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/ 2022 ESG REPORT

About the Company
ProfileCannae (NYSE: CNNE) is a diversified holding company. Cannae’s current principal businesses
include our ownership interests in Dun & Bradstreet Holdings, Inc. (“Dun & Bradstreet” or “D&B”),
Ceridian HCM Holding, Inc. (“Ceridian”), Alight, Inc. (“Alight”), Paysafe Limited (“Paysafe”),
Sightline Payments Holdings, LLC (“Sightline” or “Sightline Payments”), System1, Inc. (“System1”),
Black Knight Football and Entertainment, LP (“BKFE”), and AmeriLife Group, LLC (“AmeriLife”).
The Company also holds majority equity ownership stakes in 99 Restaurants Holdings, LLC(“99 Restaurants”), O’Charley’s Holdings, LLC (“O’Charley’s”), and in various other controlled
companies and minority equity ownership interests.

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CANNAE HOLDINGS, INC.

/ 2022 ESG REPORTOur Approachto ESG

to engage in their lines of business, and we have no preset
time constraints dictating when we sell or dispose of ourbusinesses. We believe that our long-term ownership andactive involvement in the management and operations ofcompanies helps maximize the value of those businesses for

Cannae’s approach to ESG is based on the understanding

our shareholders.

that managing ESG risks and embracing opportunities is

Cannae was founded and is led by investor William P. Foley, II,

important for the well-being of its employees, business
partners, and the communities it operates in. The Company
aims to achieve not only superior financial performance forits shareholders, but also to maximize the value of its assets
while mitigating risks. To ensure that these commitments
are upheld, Cannae’s management team takes the leadin driving the Company’s ESG efforts. We take a topdown approach, with a clear focus on integrating ESG
considerations into the overall business strategy.

who is responsible for the growth of over $70 billion in publicly
traded companies including Fidelity National Financial, Inc.,
Fidelity National Information Services, Inc., Black Knight, Inc.,
Ceridian, Dun & Bradstreet, Paysafe, Alight, System1, and F&G
Annuities and Life.

ESG Due Diligence and Risk Management
ESG is embedded across Cannae’s approach, from ourdue diligence in acquisition selection to our value creation

Additionally, the board of directors’ audit committee ispartnerships. We manage ESG issues in our businesses to help

responsible for reviewing and overseeing the Company’s ESG

Cannae generate stronger returns for our shareholders while

initiatives. This demonstrates a governance structure that

improving our impact on society.

provides oversight and accountability for the Company’s ESG
practices. By managing the business in an environmentally,socially, and ethically responsible manner, Cannae aims to alignits operations with sustainable and responsible practices. Thisapproach not only enhances the Company’s reputation, butalso contributes to the overall well-being of its stakeholders andthe communities where we live and work.

To maximize the value of each of our diverse assets, ourmanagement team takes an individualized approach with eachportfolio company and reviews ESG practices that are material
to a potential investment. Our review of acquisitions considers,
but is not limited to, the following ESG factors:• Environmental: Energy, waste, water, sustainableproducts, and overall environmental footprint

Responsible Investment
Cannae manages ESG issues in our businesses to generatestronger returns for our shareholders while improving our
impact on society.

Cannae’s Approach
We primarily acquire interests in operating companies andare engaged in actively managing and operating a coregroup of those companies. From time to time, we also seek
to take meaningful majority and minority equity ownershipstakes where we can control or significantly influence quality
companies, and we bring the strength of our operational
expertise to each. We are a long-term owner that secures• Social: Human capital management, workforce diversity,
supplier diversity, and community engagement• Governance: ESG oversight, board composition, data
privacy, and adherence to relevant ESG frameworks
and standards
Cannae also recognizes ESG risks, including climate change,
cybersecurity breaches, pandemics, and other catastrophic
events that may impact the value of our holdings. Our teamworks diligently to identify, assess, and manage these risks.
Through Cannae’s long-term ownership, as well as our own
ESG efforts, we strive to be a trusted partner in the ESG journeyof our portfolio companies.

control and governance rights of other companies primarily

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Company Overview

Dun & Bradstreet Holdings, Inc.
Name

DNB
Stock Symbol (NYSE)

18%
Ownership Percentage

Data Analytics

The Dun & Bradstreet team based at the company’s global headquarters
in Jacksonville, FL participated in the 2022 First Coast Heart Walk where
they raised over $50,000 for the American Heart Association to support
cardiovascular and cerebrovascular disease research.

Industry

Jacksonville, Florida

public and private companies in 185 countries that include

Headquarters

metrics on ESG performance, peer companies, 31 granular

6,355

deep coverage among ESG data providers and provides

ESG topics and confidence scores. Dun & Bradstreet has

Employees

solutions to the persistent challenge of limited ESG coverage~$2.2Bof private companies.

Revenue

Social responsibility has been embedded in Dun & Bradstreet’s

D&B’s Corporate Responsibility Webpage

supporting environmental sustainability, and engaging with

Approach to ESG

DNA, through their approach to ethical business practices,
the communities where it has operated for generations. Dun& Bradstreet recognizes that the success of its approach to

As a global leader in commercial business information forsustainable business is powered by its team of more thannearly two centuries, Dun & Bradstreet takes a holistic and6,000 employees around the world. From progressive family

data-driven approach to sustainability. Leveraging its coreleave policies to robust performance management and career

competencies in company data, linkage, credit, and due

development programs, Dun & Bradstreet is committed todiligence, Dun & Bradstreet has expanded its risk management

cultivating a workplace where everyone’s voice is valued

offerings to include ESG. In today’s rapidly changing landscape,and diversity, in all its forms, is welcomed. For the sixth

Dun & Bradstreet’s solutions help organizations meet theconsecutive year, Dun & Bradstreet is recognized as a Bestgrowing regulatory, ethical, environmental, and social demands

Place to Work for LGBTQ+ Equality and received a score ofthat come with being a responsible business.

100% on the Human Rights Campaign Foundation’s Corporate

In July 2021, Dun & Bradstreet introduced its D&B ESG
Intelligence capability, which delivers data and analytics
built from the Dun & Bradstreet Data Cloud and established

Equality Index. The company also was endorsed for the third
consecutive year by Disability:IN as a Best Place to Work for
Disability Inclusion.

sustainability standards to help organizations to quantify andThrough its global Do Good charitable giving program, Dunassess the impact of their business partners’ sustainability& Bradstreet employees volunteered 8,702 hours to 735

practices on their own performance. Since then, the company

causes and contributed $1,048,734 through employer-matchedhas rapidly scaled its ESG data to now cover over 74 million

employee donations and corporate giving in 2022.

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Company Overview

Ceridian HCM Holding Inc.
Name

CDAY
Stock Symbol (NYSE)

Employees in Mauritius spent the day cleaning Flic-En-Flac beach
together as part of Ceridian’s global volunteer initiatives.

4%
Ownership Percentage

SoftwareIndustry

Minneapolis, Minnesota
Headquarters

8,526
Employees~$1.3B
Revenue
Ceridian Corporate Responsibility Webpage

Ceridian’s teams in India joined forces to clean up Lalbagh Park in
Bengaluru, and Mansarovar Park in Noida.

its workforce in order to improve outcomes for their people.
In 2022, Ceridian established its Achieving Corporate Equity
program to empower diverse, high-potential talent.

Approach to ESG
Ceridian is focused on helping organizations enhance humancapital management while supporting the communities where
employees live and work. In 2022, Ceridian unveiled a new ESG
strategy with five pillars that are critical to their performance asa leading corporate citizen: Governance and Trust, Our People,

Ceridian believes that tech for good and responsible innovation
can have a positive impact on all stakeholders. Ceridian’s
Dayforce Wallet product provides individuals with faster accessto their earned pay, which helps them to cover both everyday
expenses as well as urgent or unplanned costs.

Tech for Good, Our Communities, and the Environment.

Ceridian is committed to giving back to local communities.

Ceridian maintained the highest standards of corporatecompany provides financial support to individuals and families

governance, responsible innovation, and information security.
Their values of customer focus, shared ambition, agility, equity,
optimism, and transparency serve as the core to their culture
and the essence of their beliefs.
Furthermore, they also believe that every member of the
Ceridian community deserves the opportunity to thrive. That
is why they have launched Life at Ceridian, which focuses on
flexibility, connection, and empowerment for all employees.

Through Ceridian Cares, an employee-driven charity, thestruggling with basic needs and quality of life. In 2022, theorganization and its workforce donated nearly $1 million to
Ceridian Cares and hundreds of nonprofits around the world.
In addition, Ceridian believes that every company has a
responsibility to help solve the climate crisis, and they havecontinued to take meaningful steps that have reduced theircarbon footprint.

Ceridian is also promoting diversity, equity, and inclusion within

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Company Overview

Alight, Inc.
Name

ALIT
Stock Symbol (NYSE)

10%
Ownership Percentage

Software and Technology Services

Employees from the Woodlands office in the United States representing
Pride at Alight.

They also utilize innovative approaches to provide their clients’Industry

employees and their dependents the security of better outcomes

Lincolnshire, Illinois

is also intentional at providing deep insights and thought

and peace of mind throughout life’s biggest moments. Alight

Headquarters

leadership to their clients to meet their workforce needs.

+18,000

Alight is dedicated to operating with integrity, soundEmployees

governance, high standards of data security, and minimizing~$3.1Benhance long-term stockholder value.

Revenue
Alight ESG Webpage

their environmental impact to achieve business success andIn addition, Alight was recognized as a Great Place to Work®
for five consecutive years, a Best Place to Work by parents@
work, and was listed among the Top 100 Companies with

Approach to ESG

Remote Jobs by FlexJobs for six consecutive years. Alight was

Alight is defining the future of employee wellbeing through thealso recognized in Seramount’s Inclusion Index for an inclusive

power of its integrated health, wealth, wellbeing, and payroll
solutions powered by Alight Worklife® for more than 36 million
users and their families around the world. The core principles
to Alight’s ESG program include championing their people,

workplace environment. Alight fosters a culture of respect andinclusion in various ways, including offering unconscious bias
and diversity training, tracking gender diversity, and celebrating
diversity through global cultural appreciation initiatives.

social innovation, and responsible business practices, which
are embedded in how they positively impact the health andwellbeing of the communities, employees, and their families.
Alight celebrates their diverse and inclusive culture which
encourages a sense of belonging. They are focused on
promoting healthy minds, bodies, wallets, and lives so theircolleagues and the people they serve can thrive.

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Company Overview

Paysafe Limited
Name

PSFE
Stock Symbol (NYSE)

6%
Ownership Percentage

Online Payments

All Paysafe employees are encouraged to use their one-day volunteering
allowance to support a cause they care about in their communities.
Employees in Columbia volunteer at a children’s organization to show
their support.

Industry

London, UK

Paysafe recognizes that the company’s biggest asset is its

Headquarters

people, and aims to attract and retain the best talent, motivate

3,300

through a safe, respectful, and inclusive working environment.

them with a culture they can be proud of, and inspire them

Employees

Paysafe encourages curiosity and invests in ongoing~$1.5Bdevelopment for all team members ranging from technical

Revenue
Paysafe ESG Webpage
Approach to ESG

and product training to work/life balance, business skill
development, or leadership development and mentoring.
Paysafe fosters a workplace that aligns with its global footprint
and celebrates diversity, while creating more opportunities forindividuals to collaborate, learn, and be empowered to make

Paysafe is committed to doing business the right way. As parta difference in and out of the workplace. Diversity, equity, andof the company’s holistic approach to ESG, Paysafe focuses on

inclusion is a strategic priority. The Paysafe board and executive

driving financial inclusion, supporting the community, ensuring

team are committed to creating a working environment where

diversity, equity, and inclusion (“DEI”), and prioritizing employee

everyone’s unique contribution is valued.

well-being and the environment.

As part of its environmental program, Paysafe has a robust

Paysafe aims to be a proactive participant and supporter ofstrategy to reduce carbon emissions across operations throughthe local communities where its employees live and work. Theenergy efficiency initiatives, and has achieved CarbonNeutral®

company supports both global and local causes including

certification. Paysafe offsets its unavoidable carbon emissions

education and health organizations, as well as humanitarianby funding carbon neutralizing projects in developing countries.

issues. All Paysafe employees are provided with a one-day

In local offices, Paysafe encourages the use of reusables andvolunteering allowance to support a cause they care about

recycling, and discourages waste.

in their communities. Volunteer-led community teams acrossPaysafe’s offices drive local momentum and push forward
local community initiatives.

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Company Overview

The Restaurant Group
Name

Restaurants
Industry

Nashville, Tennessee

O’Charley’s partnered with Be Kind to Everyone to raise money to support
Meals by Grace, a local nonprofit that helps combat childhood hunger in
the North Georgia area. The event raised $1,600 for Meals by Grace.

Headquarters

11,785
Employees~$630M
Revenue
Ninety Nine Community Site
O’Charley’s Community Site
Approach to ESG
Our Restaurant Group is building inclusive workplaces,
investing in environmental sustainability, and enhancing
supplier due diligence while driving community outcomes in
the areas where we operate.

The 99 team in North Conway, having fun supporting the Boys & Girls
Clubs of Central New Hampshire.

Ensure an inclusive workplace:
Our Restaurant Group embraces diversity and inclusion acrossall our brands. Our Diversity, Equity, and Inclusion Council
is dedicated to educating, cultivating, and inspiring teammembers of different backgrounds to appreciate and celebrate
the varying ideas, perspectives, and experiences of our diverse
employment population. All team members enjoy equal accessto opportunities throughout the organization, as well as exciting
ways to connect with each other and with our guests, enrichingboth the employment and guest experience. Additionally, a
recently created Women in Leadership group was formed witha target of developing our senior-most female leaders throughunique experiences, developmental activities, and networking.

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CANNAE HOLDINGS, INC.

/ 2022 ESG REPORTGender Representation:
2020

2021

2022

FemaleMale

FemaleMale

FemaleMale

Executive Management

31%

69%

28%

72%

36%

64%

Non-Executive Management

34%

66%

36%

64%

39%

61%

Professionals

45%

55%

50%

50%

56%

44%

All Other Employees

61%

39%

61%

39%

61%

39%

Drive Environmental Sustainability:
In 2022, our Restaurant Group continued to invest in sustainability. At O’Charley’s, kWh usage dropped by 10% and water usage
dropped by 6%. At Ninety Nine, kWh electricity dropped by 13%, while water usage increased by 5% in 2022. The decrease inelectricity was driven in large part by the continued conversion to LED lights in the restaurants, HVAC upgrades, efficient refrigeration,and the installation of smart thermostats.
Going into 2023, our Restaurant Group will continue to focus on HVAC updates, LED light conversions and water consumption
abnormalities to further decrease overall water usage.

Electricity Use (Million kWh)Business

2021

2022

% Change

Ninety Nine

33.11

28.78

-13.1%

O’Charley’s

71.20

64.40

-9.6%

Total Restaurant Group104.31

93.18-10.7%

Business

2021

2022

% Change

Ninety Nine

73,16977,009+5.2%

O’Charley’s

178,307

168,172-5.7%

Total Restaurant Group

251,476

245,181-2.5%

Business

2021

2022

% Change

Ninety Nine

10,575

10,583+0.1%

O’Charley’s

20,84819,941-4.4%

Total Restaurant Group

31,42330,524-2.9%

Business

2021

2022

% Change

Ninety Nine

6,577

6,595

+0.3%

O’Charley’s

2,872

2,726

-5.1%

Total Restaurant Group

9,449

9,321

-1.4%

Water Use (Gal)

Waste (Tons)

Waste Diverted from Landfill (Tons)

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Dedication to Food Safety:
Food safety and quality is critical to the Restaurant Group’s
success. We are focused on ensuring safe and high-quality
food across all our brands and in every restaurant. We havecontracted with EcoSure, one of the nation’s premier foodsafety organizations, to help us identify food safety risks anddrive corrective actions where needed. As we continue torefine our EcoSure audits within our brands, we continue tocollaborate with operators to continually conduct Food Safety
audits internally based on results from the EcoSure audits.

Focus on Supplier Due Diligence:
Our Restaurant Group partners with responsible suppliers
that have established animal welfare practices, as well as

The Ninety Nine Team was proud to present over $900k to our charitablepartners at our annual 99 Night at Fenway Park.

strong recycling, energy efficiency, and waste-minimizing
approaches. Our suppliers share our commitment to finding themost environmentally sound and ethical methods to meet our
product requirements and our guests’ expectations.

Support Charitable Organizations
Across the Country:
Our Restaurant Group supports such national charitable

ROOM FOR PHOTO

organizations as The Folded Flag Foundation, Making Strides,
Boys & Girls Clubs of America, Big Brothers Big Sisters ofAmerica, the American Cancer Society, the Muscular Dystrophy
Association, and St. Jude Children’s Research Hospital. In 2022,
The Restaurant Group was the top corporate donor for The
Folded Flag Foundation, with donations surpassing $750,000.
Our restaurant companies delight in feeding their communities,
which is especially critical in times of crisis. Whether providing
food to victims of devastating natural disasters, feeding

As part of their commitment to support Gold Star Military families inpartnership with the Folded Flag Foundation, O’Charley’s hosted aconcert and silent auction, with all proceeds going towards the Folded
Flag Foundation.

first responders in the wake of tornadoes or hurricanes, or
nourishing healthcare workers who serve selflessly every day —if there is a need in the community — our Restaurant Group isthere to serve.

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Environment
As a holding company, our direct operations and our environmental impact is small. However, Cannae recognizes theimportance of conducting business in an environmentally responsible manner and integrating environmental management
best practices into both our business operations and the management of our holding companies.
Our Environmental Policy Statement summarizes our commitment to environmental principles, including• Conducting business in a manner that demonstrates responsibility and accountability for our impact on the environment• Adhering to, or acting in accordance with, all legal requirements related to the environment• Monitoring our environmental performance• Reducing emissions, waste, and preventing pollution• Using natural resources and energy more efficiently• Incorporating climate-change risk into our existing enterprise risk management function and board/committee reporting• Reporting to our broader stakeholder community through our ESG report and other means of communication
Cannae is continually improving our environmental management practices at our Las Vegas headquarters. From efforts to monitor
and reduce our carbon footprint and energy use, reducing water consumption, and improving waste management, we are reducing
our environmental impact.

Energy and Water Use
The headquarters of Cannae is located in the desert climate of Las Vegas, so we need to be extra conscious of our water usage topreserve this valuable resource. Our past efforts included replacing grass and fountains with water-smart landscaping which has
yielded a 21.5% decrease in our water usage year over year. See the summary of our energy and water usage below:
Metric2021

2022% Change

Scope 1 GHG Emissions (MTCO2e)

0

0

0.0%

Scope 2 GHG Emissions (MTCO2e)

283

293

3.5%

Electricity (Million kWh)

.65

.68

3.8%

Water (Million Gallons)

4.87

3.91

-19.7%

Waste Management
We work to reduce waste, and where we do produce waste in our operations, we seek to dispose of that waste in an environmentally
responsible manner. At Cannae’s Las Vegas headquarters, we have partnered with Opportunity Village, one of our strategic
community organizations, for our shredding and recycling services. This helps the environment, and also helps fund Opportunity
Village programs benefiting people in our community living with disabilities.

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SocialCannae is dedicated to serving our employees and theirfamilies, building a diverse and inclusive workplace, andsupporting our local communities.

Our Employees
We value our talented workforces and the outstanding
contributions our employees make. We are dedicated to
attracting, developing, and retaining talented teams throughcompetitive compensation and benefits, and building a diverse
and inclusive workplace. Cannae believes in the importance ofvolunteerism and philanthropy to strengthen and engage local

Cannae employees work together to pack over 1,000 meals for children
who are food insecure and hungry in the Las Vegas community.

communities across our portfolio companies. Through local
community involvement, corporate initiatives, and philanthropic
giving — as well as an active community volunteer ethos — we

Human Rights

work to support the communities we all live in.

Cannae proudly supports human rights and is committed toDiversity & Inclusion

making a positive impact on the people and communities
in which we work. Cannae’s commitment to fair, ethical,

Cannae firmly believes that the inclusion of diverse employees

and responsible business practices, as we engage with ourand directors brings forth a wide range of ideas andemployees, clients, third parties and communities around theperspectives, enabling us to achieve exceptional businessworld, is embodied in our Human and Labor Rights Policy

outcomes. Cannae and its portfolio companies are dedicated toStatement. Our approach to Human Rights is overseen by

upholding equal opportunity practices and fostering diversity

the audit committee of Cannae’s board of directors andand inclusion throughout our organizations.

executive management.

Cannae has established corporate policies, such as the

The Human Rights Policy Statement outlines our approach toDiversity & Inclusion Policy Statement, Code of Businessforced and child labor, fair compensation and pay transparency,

Conduct & Ethics, Harassment, Discrimination, and Bullying

reporting and accountability, our compliance and ethics hotline,

Policy, Americans with Disabilities Act Compliance Policy, andremediation, and training.

Workplace Violence Prevention Policy to prohibit any formof discrimination and harassment. To ensure awareness andadherence to these policies, our employees actively engage inannual training programs that cover these topics.
We have solidified our commitment to offering equal
opportunities to our suppliers. We actively support
businesses owned by minorities, women, veterans, and other
underrepresented groups. We believe that supplier diversity
gives Cannae a competitive advantage and has a positive
impact on the communities we serve.

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Philanthropy
Cannae believes in the importance of volunteerism andphilanthropy to strengthen and engage local communities. At
a local level, Cannae executives support the Vegas Golden
Knights Foundation, which benefits Las Vegas nonprofits
focusing on youth, health and wellness, education, military andfirst responders, and fighting hunger and homelessness.
In 2022, Cannae also supported local and nationalorganizations through donations and/or representation as
board members, including:

3 Squarethreesquare.org

Cannae has teamed up with local charities to provide support to thecommunities in which they live and work.

Three Square provides wholesome food to hungry people
while passionately pursuing a hunger-free community. They
work with a service network of community partners, (including
nonprofit and faith-based organizations, schools and after
school feeding sites) to reach struggling individuals andfamilies at risk of hunger.

American Heart Association

Inner-City Scholarship Fund of theCatholic Schools Foundation
innercityscholarshipfund.org
Inner-City Scholarship Fund changes lives for the better by
providing families with demonstrable financial needs theheart.org

opportunity to give their children a quality, values-based K-12

The American Heart Association funds cardiovascular medical

Catholic education within the Archdiocese of New York.

research and other efforts to reduce disabilities and deaths
caused by cardiovascular disease and stroke.

Opportunity Village

Folded Flag Foundation

Opportunity Village is a nonprofit organization serving adults infoldedflagfoundation.org

the Southern Nevada community with intellectual and related

The Folded Flag Foundation provides educational scholarships

disabilities. Through workforce development, communityand support grants to spouses and children of fallen U.S.

employment, day services, inclusive housing, arts and social

military and government personnel.

recreation, they can find new friends, realize future career

opportunityvillage.org

paths, seek independence and community integration, andunleash creative passions. Opportunity Village operates four
employment training center campuses and a Thrift Store in
Southern Nevada, and hosts some of the most popular special
events and fundraisers in all of Las Vegas, including the Magical
Forest, HallOVeen, and the Las Vegas Great Santa Run.

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/ 2022 ESG REPORTOxford American Literary Project

The Continued Crisis in Ukraine

oxfordamerican.org

In 2022, given the unfolding humanitarian crisis following

The Oxford American is a nonprofit, quarterly literary magazine

the invasion of Ukraine, Cannae made donations earmarked

dedicated to featuring the best in Southern writing while

for Ukraine relief through the American Red Cross of Southerndocumenting the complexity and vitality of the American South.

Nevada, and Direct Relief to support humanitarian efforts

The journalism and literature published in the Oxford Americanin Ukraine.

has received numerous prizes, including The O. Henry Prize
and The Pushcart Prize, and has been featured in The BestThe American Red Cross of Southern Nevada

American Essays, The Best American Short Stories, The Best

redcross.org

American Mystery Stories, and The Best American Travel

As conflict in Ukraine continues, the Red Cross is committed

Writing. Over its quarter century, the Oxford American has

to providing lifesaving aid to those in need — both in thewon four National Magazine Awards — including an award forcountry and in neighboring areas. Millions of people have been

General Excellence in 2016.

displaced by this conflict while millions more are still inside

Spread the Word Nevada
spreadthewordnevada.org
Spread the Word Nevada is a children’s literacy nonprofit,

the country and in need of urgent life-saving assistance. The
Red Cross has reached people impacted by this crisis and iscommitted to assisting the most vulnerable.

dedicated to advancing early childhood literacy by placing

Direct Relief

books into the hands and homes of children within Nevada’s

directrelief.org

at-risk, low-income communities. While developing a love ofDirect Relief is a recognized international partner of Ukraine’s

reading, these libraries promote future academic achievement

Ministry of Health and supports several groups in Ukraine

and self-confidence, which impacts lifelong success.

and regionally with requested medical aid — including trauma
kits, cancer drugs, insulin, antidotes used in chemical attacks,and more.

15

CANNAE HOLDINGS, INC.

/ 2022 ESG REPORT

Governance
Cannae is committed to strong governance systems and policies that ensure fair, transparent, and efficient businesspractices. To honor our commitment to strong governance at the highest levels of the Company, our management team leads
our ESG efforts with oversight from the audit committee, which reports our ESG progress and efforts to the board of directors.

Board of Directors
We are proud to have a dynamic, effective, and diverse board of directors with the right mix of skills, experiences, and backgrounds
for Cannae. As of December 2022, four out of eleven directors identify themselves as diverse or female. The management of ourCompany is overseen by a highly qualified board of directors, 73% of whom are independent from management. Each member brings

Director Skills, Qualifications & Experience:

William P. Foley, II (Chair)

Richard N. Massey (CEO)David Aung

Hugh R. Harris

C. Malcolm Holland

Mark D. LinehanFrank R. Martire

Erika Meinhardt

Barry B. Moullet

James B. Stallings, Jr.

Frank P. Willey

to the table a wide variety of skills and qualifications that contribute to our ongoing success.

Board of Directors Experience

●

●

●

●

●

●

●

●

●

●

●

Entrepreneur/Business Growth

●

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●

●

●

●

●

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●

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CEO/Business Head/Leadership

●

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●

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Mergers & Acquisitions

●

●

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●

●

International

●

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●

Human Capital Management/Compensation

●

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●

●

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Finance/Capital Allocation

●

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Financial Literacy

●

●

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Regulatory

●

●

●

●

Risk Management

●

●

●

Corporate Governance●●Technology/Information Security

●

●

Legal

●

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Marketing/Sales

●

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16

CANNAE HOLDINGS, INC.

/ 2022 ESG REPORT

African AmericanFrank P. Willey●

Asian/Pacific Islander
White/Caucasian

James B. Stallings, Jr.

Barry B. Moullet

Erika MeinhardtFrank R. Martire

Mark D. Linehan

C. Malcolm Holland

Hugh R. HarrisDavid Aung

Richard N. Massey (CEO)Race/Ethnicity

William P. Foley, II (Chair)

Demographics

●
●

●

●

●

●

●

●

●

Hispanic/Latino
Native American●

Gender
Male

●

●

●

●

●

●

●

Female●●●●Board Tenure

5

5

2

5

5

3

5

5

2

5

5

Age**

78

67

43

72

63

60

75

64

65

67

69

Board Committees
Our board of directors has appointed three standing committees including an audit committee, a compensation committee, anda corporate governance and nominating committee. All our board committees are composed of independent directors. The audit
committee is responsible for the quality and integrity of our financial statements and related disclosures; our compliance withlegal and regulatory requirements; the performance of our internal audit function; and oversight of our risk management plans andprograms, including our business continuity, and ESG programs. The compensation committee’s responsibilities include reviewing
and approving compensation matters for our executive officers and our board of directors, and approving our compensation plans,
programs, and awards made to our executives. The corporate governance and nominating committee is responsible for identifying
qualified individuals for our board of directors and reviewing matters relating to board composition, including independence anddiversity matters.
The responsibilities of each committee are described here but are laid out in detail in each committee’s charter. Our Corporate
Governance Guidelines and each committee’s charter are reviewed annually as part of our ongoing governance practices, and are
publicly available on the Corporate Governance page of our website.

17

CANNAE HOLDINGS, INC.

/ 2022 ESG REPORTESG Risk Management

Data Privacy & Cybersecurity

Cannae recognizes ESG risks, including climate change andLike most companies, Cannae and our portfolio companies

severe weather conditions, cybersecurity risks, pandemics,

are dependent on information technology. At our restaurantwar, and other catastrophic events may impact our business.

group, we are focused on making strategic investments in

At Cannae, we work diligently to identify, assess, and manage

information security to protect our customers and informationmaterial risks, including ESG risks, through our Enterprise Risk

systems. Our investments include both capital expenditures

Management (“ERM”) program. Our ERM program conducts

and operating expenses for hardware, software, personnel,risk assessments to identify and assess our material business,and consulting services. We apply a comprehensive approach

operational, and environmental risks, and works with ourto the mitigation of identified security risks, including

management team to develop strategies and plans to mitigate

monitoring management of our unconsolidated affiliates. As

and manage those risks.

a holding company with a relatively low volume of personnel

Our ERM program is overseen by a group of highly qualified
individuals and is tailored to the unique structure of ourbusiness. As a holding company with a small group of highly
qualified employees, we are well positioned to maintain
operations in the event of a disaster. Each of our various
businesses separately maintains business continuity functionsor third-party data, we have established policies and controls,
including those related to privacy, information security andcybersecurity, and we employ a broad and diversified set ofrisk monitoring and risk mitigation techniques tailored to theunique nature of our business. Our employees participate inan annual information security training.

that adhere to the unique requirements of their business. Our

Our board has a strong focus on cybersecurity. Ourquarterly report to the audit committee of our board of directors

approaches to cybersecurity and privacy are overseen byincludes an update on our progress on the risk program.

the audit committee. At each regular meeting of the audit
committee of our board of directors, our key management andEthicsInternal Audit group provide reports relating to existing and

We aspire to be positive corporate citizens and operate in ways

emerging risks at our companies, including, as appropriate,that are fair, transparent, and compliant with all applicableregulations. We implement strong governance practices,
policies, training, and reporting to encourage all employees toadhere to the highest standards of business integrity. Policies
include Cannae’s Code of Conduct & Ethics, and Code of
Ethics for Senior Financial Officers that detail our commitment
to ethics, diversity, the environment, and communities.

risk assessments, cyber and data security risks, and any
security incidents. Our audit committee chairperson reportson these discussions to our board of directors on a quarterly
basis. The employees at our companies are the strongest
assets in protecting information and mitigating risk. We
monitor their security practices, including training programs
that focus on applicable privacy, security, legal, and regulatory
requirements that provide ongoing enhancement of theirrespective security and risk cultures.

18

CANNAE HOLDINGS, INC.

/ 2022 ESG REPORT

Data Tables
MetricUnit of Measure

2021

2022

% Change

Environment – Cannae Standalone
Scope 1 GHG Emissions

Metric Tons CO2e (MTCO2e)

0

0

0%

Scope 2 GHG Emissions

Metric Tons CO2e (MTCO2e)

283

293

3.5%

Total Electricity Consumption

Million kWh

.65

.68

3.8%

Total Water Consumption

Million Gallons

4.87

3.91

-19.7%

Total Employees

Number

15

16

6.7%

Female Employees

Number2

2

0%

Male Employees

Number

13

14

7.7%

Diverse Employees

Number3

30%Charitable Giving

Dollars

256,758

76,764-70.1%

Total Employees

Number12,938

11,988-7.3%

Female Employees

Number

7,580

7,069

-6.7%

Male Employees

Number

5,358

4,919

-8.2%

Gender, Executive Management

Percentage Female

24%

27%

12.5%

Percentage Male

76%

73%

-3.9%

Percentage Female

36%

40%

11.1%

Percentage Male

64%

60%

-6.3%

Percentage Female

55%

59%

7.3%

Percentage Male

45%

41%

-8.8%

Percentage Female

61%

61%

0%

Percentage Male

39%

39%

0%

Percentage

82%

73%

-11.1%

Social – Cannae Standalone

Social – Cannae Consolidated

Gender, Non-Executive Management

Gender, Professionals

Gender, All Other Employees

Governance – Cannae Standalone
Board Independence

19

CANNAE HOLDINGS, INC.

/ 2022 ESG REPORTSASB Index
Category/Unitof Measure

SASB CodeReference

Percentage (%)

FN-AC-330a.1

Data Tables,
gender only

Description of approach to incorporationof environmental, social, and governance("ESG") factors in investment and/or wealthmanagement processes and strategies

Discussion& Analysis

FN-AC-410a.2

ESG Due
Diligence andRisk Management
Across Cannae’s
Portfolio

Description of proxy voting and investee
engagement policies and procedures

Discussion& Analysis

FN-AC-410a.3

Proxy,
April 28, 2023

Total amount of monetary losses as aresult of legal proceedings associatedwith fraud, insider trading, antitrust,
anticompetitive behavior, market
manipulation, malpractice, or other related
financial industry laws or regulations

ReportingCurrency

FN-AC-510a.1

10-K,
March 1, 2023 See
Commitments &Contingencies,
Footnote M

Description of whistleblower policies
and procedures

Discussion& Analysis

FN-AC-510a.2

Code ofBusiness Conduct
and Ethics

Topic

Accounting Metric

Employee Diversity& Inclusion

Percentage of gender and racial or ethnic
group representation for:1. Executive management
2. Nonexecutive management
3. Professionals
4. All other employees

Incorporation ofEnvironmental, Social,and GovernanceFactors in Investment
Management &Advisory

Business Ethics

20

1701 Village Center Circle, Las Vegas, NV 89134(833) 856-8534 Toll Free(702) 323-7330 Direct
info@cannaeholdings.com
cannaeholdings.com

Forward-Looking Statements
This ESG Report includes forward-looking statements. These statements are not historical facts, but instead represent only ourbeliefs regarding future events, many of which, by their nature, are inherently uncertain and outside of our control. Forward-looking
statements include statements about our business and future performance. These statements can be identified by words such as“anticipates,” “intends,” “plans,” “seeks,” “believes,” “estimates,” “expects,” and similar references to future periods, or by the inclusionof forecasts or projections. Potential future events or risk factors referenced in this report do not necessarily equate to the level ofmateriality of disclosures required under U.S. federal or state law. For a discussion of some of the risks and important factors that
could affect our future results and financial condition, see “Risk Factors” in our Annual Report on Form 10-K for the year ended
December 31, 2022.

Additional Information
Cannae’s ESG Report provides a point-in-time overview of our organization’s ESG initiatives beyond traditional financial disclosures
overseen by U.S. federal and state regulators. In this report we seek to highlight our corporate culture, including information about ouremployee base, our governance practices, our risk management framework, our commitment to our customers, and our dedication to
the communities in which we operate. We believe that each of these aspects may impact shareholder value creation and our ability
to sustain our business over the long run. Various standard-setting bodies have published disclosure frameworks for sustainability
reports. We reviewed several of these standards and have incorporated disclosure practices and principles we believe to be most
relevant to industries in which we operate. This ESG report is for informational purposes only. The Information contained in thisreport is subject to change without notice. Cannae Holdings, Inc. is a public company and our stock is traded on the New York Stock
Exchange (“NYSE”) under the ticker symbol “CNNE.” As a public company, we are subject to the rules and regulation of the Securities
and Exchange Commission (“SEC”), as well as listing standards for NYSE companies.
We provide regular communication to our investors and the public in the form of quarterly filings with the SEC that include ourfinancial performance; risks that may impact our operations, or financial results; the composition of our board of directors, board
committees, and executive management team and the compensation they receive for their service; our corporate governancepractices; and other required information.
The Company’s public filings made with the SEC can be found on the SEC’s website at sec.gov or on the Investor Info page of our
website cannaeholdings.com.