Investor Presentaiton

Setting the scene • • . . ·Climate-related risks are front and centre at policy level as well as consumer level • Broad range by their nature and they affect all elements of an economy, reaching across all sectors and across all geographies High degree of certainty that these risks will materialise over the coming century. • Impact for corporates. . mismatch between traditional financial planning and climate change time horizons •Impact for insurers... both from an underwriting and investment perspective In essence, climate change is a potential source of risk to financial stability World Economic Forum - Global Risk Report 2020 Top 5 Global risks in terms of Impact Top 5 Global risks in terms of likelihood 2010 2020 Asset price Extreme collapse weather China economic Climate action failure slowdown Chronic disease Natural disasters Fiscal crisis Biodiversity loss Human made Global governance gaps 2010 Asset price collapse Deglobalisation Oil price spikes natural disasters 2020 Climate action failure Weapons of mass destruction Biodiversity loss Chronic disease Extreme weather Fiscal crisis Water crisis Economic Environment Societal Geopolitical Technological KPMG © 2020 KPMG, an Irish partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative, a Swiss entity. All rights reserved. 36

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