INTRODUCTION PROMOTING CLIMATE RESILIENCE CLOSING THE PROTECTION GAP INDUCING POSITIVE SOCIETAL CHANGE GOVERNANCE APPENDIX 6.1 Carbon Footprint Methodology We use the World Resources Institute/World Business Council for Sustainable Development (WRI/WBCSD) Greenhouse Gas Protocol, Revised Edition (the “GHG Protocol”), along with “Compare Your Footprint,” to calculate our Scope 1, 2 and 3 emissions estimates, using the most up-to-date emission factors available. For Scope 1 emission estimates, we utilized internal company logs of fixed asset use and invoices received from gas service providers for all company offices. For Scope 2 emission estimates, we utilized invoices received from electricity service providers for all company offices and data centers. For Scope 3 emissions estimates, we analyzed the total expenditure on business travel (2019–2022) and actual travel data (2022), which included road, rail and air transportation. We also applied a benchmark estimate for waste based on the WRAP Green Office: A Guide to Running a More Cost-Effective and Environmentally Sustainable Office, which assumed a waste output of 200kg per person per year as advised by Turley. From 1 July, 2022, we enhanced our carbon accounting processes by shifting from a spend-based approach for measuring the carbon footprint associated with business travel (air, road and rail), aiming to provide a more comprehensive understanding of our environmental impact. Note that as a Bermudan-headquartered company, certain global corporate air travel costs were allocated to our headquarters. The figures provided in this report represent our best estimates for calendar years 2019 to 2022 as of December 31, 2022. These estimates are based on the availability of data and existing methodologies. As the best practices, standards and frameworks in this area continue to evolve, and more accurate and complete data becomes available, these estimates may also evolve and/or change. We continue to refine our internal data collection processes to attempt to more accurately estimate our emissions, and as such, estimates across years may not be directly comparable as we update our internal data collection and collation procedures. GHG Emissions by Location Unit 2022 2021 2020 2019 Scope 1 tonnes CO2e 55 82 77 54 Bermuda 30 52 46 20 Ireland 25 30 31 34 Scope 2 (location-based) tonnes CO2e 1,549 1,516 1,553 1,833 Australia 10 7 13 14 Bermuda 804 786 785 912 Ireland 293 258 305 403 Singapore 14 12 12 13 Switzerland 1 1 1 1 United Kingdom 54 96 74 92 United States 373 356 363 398 Scope 3 tonnes CO2e 8,846 3,918 6,873 16,361 Australia 132 1 68 155 Bermuda 4,477 3,162 4,371 7,101 Ireland 331 80 250 849 Singapore 142 39 267 508 Switzerland 207 38 75 457 United Kingdom 2,469 329 918 4,567 United States 1,088 269 924 2,723 Totals tonnes CO2e — — — — Location-based 10,450 5,516 8,503 18,248 Market-based 10,618 6,164 9,044 18,962 All figures presented have been rounded to the nearest whole number therefore totals may not add up precisely. 51 Missing data for previous years has been indicated by a dash (-), as the data was not available or could not be obtained.
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