### 4] Approval and Review:
The Risk Management Committee of Board conducts an annual review and approves the ESG policy to verify the framework's continued effectiveness and alignment with vision. In addition, the Committee will review the Company's action plan on the various aspects of ESG, external reporting and stakeholder feedback. [...] ### 9] Governance key focus areas
**Corporate Governance**
At NIACL, rigorous governance practices are implemented to ensure transparency and accountability in all operations which lays a strong foundation of dedication to ethical behaviour, strategic guidance and long-term growth.
**Governance Structure**
To enable effective implementation of their ESG vision, NIACL has a 3-tier ESG Governance Structure. The Risk Management Committee shall assist the Board and the Company in fulfilling the ambitions committed in the ESG vision of the company.
**The**
**Board**
**Risk**
**Management**
**Committee**
**ESG Steering**
**Committee**
Board Committee
To enable effective implementation of their ESG vision, they have a 3-tier ESG Governance Structure The Risk Management Committee at the board level that shall assist the Board and the Company in fulfilling the ambitions committed in the ESG vision of the company.
Objectives and responsibilities of the ESG Committee:
- To integrate ESG in the company's primary goals and assist in supporting compliance with regulatory requirements and drive sustainability initiatives
- To set up frameworks to review ESG metrics, track progress and report on outcomes (such as GHG emissions, diversity metrics, etc.).
- To facilitate review, finalisation and refreshing of key policies, as and when required
To formulate and recommend to the Board for its approval and implementation, the plan for Business Responsibility and Sustainability (BRSR) and undertake regular assessment of the Company's readiness to meet BRSR Core requirements and ensure alignment with regulatory and stakeholder expectations. [...] ### 10] Monitoring and Reporting:
New India Assurance is committed to transparency and accountability in its ESG practices. They will regularly report on their ESG practices and progress towards their ESG goals to their clients, stakeholders, and the wider public. This includes transparent reporting on their investment portfolios ESG performance, their internal ESG practices, and their engagement with clients and stakeholders on ESG issues.
Through these efforts, New India Assurance demonstrates its dedication to being a responsible corporate citizen and leading the way in sustainable insurance practices.
Compliance and an independent monitoring will be ensured by NIACL's ESG Board Committee, annually. This will also be in line with their ESG Policy.