Our approach to environmental sustainability is governed by our environmental and sustainability policies. We recognise that responsible management of the environment and use of scarce natural resources is key to the sustainability and wellness of our business, clients, employees and communities. We have adopted a precautionary approach to environmental management and comply with all applicable environmental legislation and regulations.

We have a responsibility to reduce our impact on the environment and to encourage our employees to reduce their impact on the environment too. We also have a responsibility as an investor to apply responsible investment practices across our savings and investment products. We are a signatory to the United Nations-supported Principles for Responsible Investing (UNPRI) and members of several international and South African codes and bodies.

Our responsible investment team has a proactive approach to environmental issues with the aim of managing and mitigating events before they escalate. They engage with the management of listed companies in which they are invested throughout the year to raise and resolve any concerns they may have with regard to environmental matters. Momentum Metropolitan was the first South African company to sign the Just Transition Global Investor Statement, which commits us to ensuring that as we transition to a low carbon economy there is also a just transition for workers and communities. In July 2021, we also became a formal supporter of the Taskforce on Climate Related Disclosure (TCFD) and published our first report in 2021.

As leaders in the insurance industry we are committed to doing our part to implement best practices and new technologies to reduce our environmental footprint. For more detail on our commitment, refer to our climate change positioning statement and our climate change investment policy. Environmental responsibility is a concern that we are addressing as part of our sustainability efforts. We are making concerted efforts to enhance our sustainability efforts so that we can make our contribution to lower the risks posed by global climate change. We have invested in new technology and equipment in order to enhance our progress in reducing emissions, fuel consumption, water and energy usage and other metrics by which we measure
our improvements.

Climate change risks and opportunities are integrated into the multi-disciplinary company-wide risk management processes. We include climate change risks and opportunities in the Momentum Metropolitan CDP submission. The following risk areas are assessed and included in the CDP submission.