INTRODUCTION PROMOTING CLIMATE RESILIENCE CLOSING THE PROTECTION GAP INDUCING POSITIVE SOCIETAL CHANGE GOVERNANCE APPENDIX 1.1 A Message From Our CEO As RenaissanceRe celebrates our 30th anniversary, I am pleased We are also looking outward and believe that moving to a more to introduce our inaugural sustainability report, highlighting how resilient and sustainable future requires collaboration across we are delivering on our purpose to protect communities and the insurance industry and financial sector. RenaissanceRe has enable prosperity. been proud to take an active leadership role in organizations such as ClimateWise, the Insurance Development Forum and the As expert managers of risk and volatility, RenaissanceRe and Sustainable Markets Initiative and is pleased with the collective the insurance industry more broadly are uniquely positioned to impact we are making to combat climate change and support understand and mitigate the potential impact of climate change vulnerable communities. on society while identifying innovative solutions to build resilience. This report summarizes the progress we have made in advancing Moreover, I am proud of the commitments we have made our sustainability strategy and outlines how we are taking positive through voluntary frameworks, including the UN Global steps to support the transition to a more sustainable future. We have Compact, and we continue to focus on integrating these applied our core business strengths across our business to further principles into our strategy, culture and daily operations. our impact, including: RenaissanceRe’s strength comes from our team of over 700 people and the unique culture that we have maintained, even as we have grown into a global organization. We believe • Investments: We actively reduced the carbon that by embedding diversity, equity and inclusion throughout intensity of our investment portfolio by 70% from our employee journey, we strengthen our culture and company. I am pleased to December 31, 2020 to December 31, 2022 and We are also focused on strengthening the communities where are continuing to identify opportunities to invest we live and work, and our people actively participate in our introduce our inaugural in sustainable solutions and innovations to further generous locally led corporate social responsibility programs. our impact. sustainability report, • Underwriting: We are combining our climate In closing, I would like to thank our employees, our customers highlighting how we expertise and climate capacity to support our and our stakeholders who have supported us in delivering our clients in managing their own climate risk and purpose. I look forward to the progress we can make together. are delivering on our transition plans. Furthermore, we are strengthening purpose to protect our offerings by providing capacity for innovative communities and products that promote climate resilience. • Operations: We have actively managed our carbon enable prosperity. footprint, reducing our absolute greenhouse gas emissions by 43% from 2019 through 2022. Through our internal Global Green Group, we continue to look for ways to incorporate environmentally friendly Kevin O’Donnell practices into our operations. CEO and President 3