Virgin Money UK PLC

ESG is embedded within our VMUK Sub-Group governance framework and the VMUK board and Executive Leadership team play an instrumental role in leading our ESG strategy. Members of our Leadership Team individually sponsor our ESG goals. The Chief Executive Officer of Virgin Money Sub-Group has delegated responsibility to the Environment Committee to oversee the management of Environmental and Climate Change matters across the bank. Our Sustainability working group – with representatives from all areas of the business – act as custodians of our ESG strategy and drive delivery of all related activities and targets. Working closely with our established Purpose Council, and with escalation into the Environmental Committee, this guarantees our ESG strategy and our Purpose are fully integrated and mutually supportive.

Does your organization have a public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement?[…]Yes

Describe the process(es) your organization has in place to ensure that your external engagement activities are consistent with your climate commitments and/or climate transition plan?[…]Prior to a new engagement, we will undertake due diligence and then continually review alignment of priorities/ values as part of our ongoing engagement and contribution – reviewing agendas, focus areas/ topics and expectations. As part of any new contractual engagement, we will undertake standard Procurement due diligence and assessment