ARC Ltd Integrated Annual Report 2023

22 Through our strategic engagement at high-level global summits, conferences, and events across various platforms and our notable participation at COP28, we continually demonstrate our dedication to driving forward-thinking solutions and strategic collaborations to mitigate climate risks in Africa. We shed light on Africa’s unique challenges and showcase our critical work, which is made possible by our partnerships. 2023 offered a busy events calendar, and we include some of the highlights below: ESG is a global focus that is becoming increasingly important in Africa, as it can contribute to sustainable development and encourage investment by reducing risks for potential investors. The United Nations Environment Programme Finance Initiative Several events this year allowed us to demonstrate our leadership in climate advocacy. The annual Insurance Development Forum (IDF) Summit in Zurich was themed “Ambition, Action & Impact”, pertaining to the achievement of the Sustainable Development Goals (SDGs). It provided a platform for us to reveal the impact of our work in relation to the SDGs. At the Bermuda Climate Summit, ARC Ltd.’s Senior Legal Advisor, Timothy Nielander, highlighted the importance of partnerships across private, public, and humanitarian sectors in scaling up the response to climate change. The Africa Climate Summit in Nairobi, Kenya, included the 11thConferenceonClimateChange and Development in Africa. Chief Executive ARC LTD . ’ S ADVOCACY I N AFR I CA AND BEYOND ARC LTD.’S ADVOCACY IN AFRICA AND BEYOND ENVIRONMENTAL, SOCIAL, AND GOVERNANCE (ESG) CLIMATE ADVOCACY Officer Lesley Ndlovu participated in a panel discussion on climate finance and natural capital accounting. He and Chief Operating Officer Ange Chitate also participated in Climate Week NYC in September, the largest annual climate event of its kind. Chief Underwriting Officer Malvern Chirume was part of a panel discussing the role of public-private partnerships in weather and climate risk management at the Weather Risk Management Association’s 2023 European conference. This year’s focus was on “Weathering uncertainty: strategies for effective weather/ climate risk management”. He addressed several topics, including the protection gap, risk pooling, regional risk pools, the Global Shield, and premium financing. Africa andMiddle East Roundtable inWindhoek was a significant platform for us in this regard. Chief Operating Officer Ange Chitate spoke on integrating ESG principles into insurance processes and frameworks, drawing on our experience and showcasing our strides in ESG.

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