Financial Performance and Remediation Update

ENGAGING WITH 100 OF OUR LARGEST EMITTERS ON THEIR TRANSITION PLANS OUR TARGET To work closely with 100 of our largest greenhouse gas emitting customers to support them as they develop or improve their low carbon transition plans by 30 September 2023 OUR TRANSITION FRAMEWORK In 2021, we developed a Transition Framework Diagnostic to assist in working with our customers: Framework was developed with reference to other international transition frameworks including the UNPRI Transition Pathway Initiative and the ClimateWise Transition Risk Framework Brings rigour and consistency to help us understand our customers' transition maturity relative to their sector and geography Initial analysis suggests majority of customers acknowledge climate change as an issue, disclose emissions and have committed, or are already, reporting in alignment with TCFD. ~73% of companies assessed in Band 3 or 4. Band Category (drawing on UNPRI Transition Pathway Initiative) TRANSITION MATURITY OF 34 OF OUR HIGHEST EMITTERS Manufacturing 33% 45% 22% Other diversified¹ 25% 50% 25% Power generation and mining 21% 43% 36% Property, business services and construction 33% 67% ■Band 2 Band 3 Band 4 0 1 2 Unaware of (or not acknowledging) climate change as a business issue Acknowledgement of climate change as business issue: the company acknowledges that climate change presents business risks and/or opportunities, and that the company has a responsibility to manage its greenhouse gas emissions. This is often the point where companies adopt a climate change policy Building capacity: the company develops its basic capacity, its management systems and processes, and starts to report on practice and performance 3 Integrating into operational decision-making: the company improves its operational practices, assigns senior management or board responsibility for climate change and provides comprehensive disclosures on its carbon practices and performance. 4 Strategic assessment: the company develops a more strategic and holistic understanding of risks and opportunities related to the low-carbon transition and integrates this into its business strategy and capital expenditure decisions (1) Other diversified includes transport, health services, communications, wholesale and retail trade. 106 National Australia Bank

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