GHG Assessment Verification Statement in appendix INTRODUCTION PROMOTING CLIMATE RESILIENCE CLOSING THE PROTECTION GAP INDUCING POSITIVE SOCIETAL CHANGE GOVERNANCE APPENDIX 6.2 Independent Assurance External validation for carbon accounting Turley 5 May 2023 Delivered by email Table 2. GHG Verification Summary Scope Emissions Source Category Required? Included? tCO e 2 Chris Duck Ref: CLIZ3001 Direct emissions from owned, leased or directly controlled Senior Manager stationary sources that use fossil fuels and/or emit fugitive 25.7 Climate Impact Partners Europe Limited Scope 1 emissions (e.g. refrigerant gases) 112 Magdalen Road, Oxford Direct emissions from owned, leased or directly controlled 29.4 mobile sources Oxfordshire, OX4 1RQ Location based emissions from the generation of 1,549.0 United Kingdom Scope 2 purchased electricity, heat, steam or cooling Market-based emissions from the generation of purchased 1,716.9 Dear Chris, electricity, heat, steam or cooling 1 Purchased goods & services -- 2022 CarbonNeutral® company GHG Assessment Verification Statement for RenaissanceRe Holding Limited 2 Capital goods -- Upstream emissions of Fuel and 3a purchased fuels -- Organisation: RenaissanceRe Holding Limited energy-related Upstream emissions of CarbonNeutral certification: CarbonNeutral® company 3 activities (not 3b purchased electricity -- Certification period: 2022 calendar year (1st January to 31st December inclusive) included in Transmission & distribution Assessment boundary: Financial control Scopes 1 or 2) 3c (T&D) losses 76.3 Applied standards: Greenhouse Gas Protocol, ISO 14064 series, and CarbonNeutral Protocol Outbound courier deliveries of (January 2023) Upstream packages -- Verifier: Svetlana Cronin (Senior Consultant, Turley) 4 transportation Third-party transport & storage of & distribution inbound production-related goods N/a -- Introduction Scope 3 5 Waste Wastewater -- Turley Sustainability has been commissioned to verify the boundary, scope and calculations for the 2022 generated Other waste 3.0 greenhouse gas (GHG) assessment for RenaissanceRe Holding Limited (RenaissanceRe), as contained in the All transport by air, public 6 Business travel transport, rented / leased vehicle 8,668.7 following documents, for compliance with the CarbonNeutral Protocol (January 2023) requirements for and taxi CarbonNeutral® company certification: Hotel accommodation -- Employee transport between home 2022 Carbon Footprint – Data Collation.xlsx Employee and places of work -- 7 commuting Emissions arising from employee Carbon Footprint – Full Analysis.xlsx homeworking and remote work 98.1 Compare-Your-Footprint-database-and-calculations-methodology-and-policy.pdf Downstream Scope 2 Declaration.pdf 9 transportation Third-party transportation & N/a -- & distribution storage of sold products Objective 11 Use of sold products N/a -- The objective of this verification is to confirm that GHG emissions declared in the above documents provided by Total GHG Emissions - location based (tCO e) 10,450.2 2 RenaissanceRe are fairly stated and free from material error or omission in accordance with the CarbonNeutral® Total GHG Emissions - market based (tCO2e) 10,618.0 company certification standard. Where possible, the verification process has been guided by the principles set out Total volume to be offset (tCO e) 2 10,618 in ISO 14064-3: Greenhouse Gases, Part 3: Specification with Guidance for the Verification and Validation of Legend: Required Recommended Not reported N/a Not applicable Greenhouse Gas Assertion. Turley has verified RenaissanceRe’s GHG emissions calculations through the review and testing of consolidated data and evidence, along with the testing of a sample of underlying data and emissions Total calculated GHG emissions are rounded up to whole tCO2e for the purposes of offsetting. Rounding errors may calculations. apply. Verification Statement Turley has completed a verification exercise on data provided by RenaissanceRe for the 2022 calendar year to ensure compliance with CarbonNeutral Protocol requirements for CarbonNeutral® company certification. Overall, 1 New York Street RenaissanceRe’s GHG assessment has been conducted to a high standard and is clearly reported. Manchester M1 4HD RenaissanceRe should ensure that emissions are reported under the correct scopes. RenaissanceRe should use a robust approach to assessing their reporting obligations in regards to emissions from refrigerant gas losses. In T 0161 233 7676 turley.co.uk "Turley is the trading name of Turley Associates Limited, a company (No. 2235387) registered in England & Wales. Registered office: 1 New York Street, Manchester M1 4HD." 53
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