AUB Group Limited Annual Report 2023

ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT YEAR ENDED 30 JUNE 2023

1. SCOPE AND METHODOLOGY 1.1 INTRODUCTION

Doing the right thing by our people, our partners, our customers, our environment, and the communities in which we operate is part of our ethos. At AUB Group we recognise our responsibility in society towards creating a more sustainable future. We continue to embed ESG into our business strategy and operations. This is increasingly important as our business continues to grow year on year. With changing customer expectations and increasing demand for ESG engagement, sustainability is increasingly becoming a driver for success. The visible impacts of climate change increase the urgency for action and the need to continue to develop our ESG strategy, as well as support our customers also facing these risks. We are a services organisation operating in more than ~570 locations globally. AUB Group’s network of insurance intermediaries conduct business with clients and other stakeholders both face-to-face and remotely. We maintain office space in the locations in which we operate and our team travels to these office locations and client venues. We do not consume raw materials or manufacture any physical products so our environmental footprint and exposure to supply chain risks is limited to our direct operations. During FY23, we continued to build on our ESG strategy and working towards achieving our ESG commitments. The Tysers acquisition is a direct response to serving our customers and providing them access to cover for harder to place climate risks. We have formalised our ESG targets into a balance scorecard approach, ensuring that we set ambitious ESG goals which will help us create long term sustainable value for our stakeholders. Our ESG priorities across each pillar are the result of extensive stakeholder engagement, including materiality assessments. This report covers AUB Group’s ESG management approach and associated activities for the year ending 30 June 2023. Unless otherwise indicated, ESG data is presented for the period from 1 May 2022 to 30 April 2023 (the ‘reporting period’). This report includes the activities of our subsidiaries and their controlled entities at the end of the reporting period. The data for these subsidiaries has been presented for the full year, irrespective of when control was obtained, and comparative information has been represented where necessary. Governance is a key aspect on delivering on our ESG strategy and in ensuring we have the right policies and processes in place to support our ESG commitments. As further detailed within this report, the Board, in consultation with the Board Audit and Risk Committee, oversees and approves AUB Group’s ESG activities, including our strategy, policies and procedures.

1.2 GLOBAL POLICIES AND PRINCIPLES We recognise the need to provide our stakeholders with clear and transparent ESG reporting. This report has been prepared considering the guidance provided by the Global Reporting Initiative (GRI) Standards 2016. We have also considered the United Nations Sustainable Development Goals and disclosed in this report the areas where we believe we can have the greatest impact. We will comply with a globally accepted ESG reporting standard by FY25.

1.3 THEMES THAT MATTER - STAKEHOLDER ENGAGEMENT AND MATERIALITY Social responsibility and caring for our environment are aligned with our stakeholders’ interests. Listening to our stakeholders diverse needs, helps us adapt and shape our approach to ESG, and identify the key themes that matter to them. In 2021 we conducted a materiality assessment to develop our fundamental ESG principles and identify our most important focus areas. The materiality assessment involved: – Engaging expert advisors; – A desktop review and of industry trends and leading practice in ESG; – Interviews with internal and external stakeholders to determine material topics and their relative importance; and – An assessment of our impact areas against the UN Sustainable Development Goals (SDGs). The three areas of employees, customers and social and environment are the themes under which our material impacts are organised. Our strong relationship with our partner businesses is an essential component of our framework, and our ethics and integrity underpin everything that we do; they guide us in our approach to all of our stakeholders and business activities.

AUB GROUP ANNUAL REPORT 2023

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