Nova Ljubljanska Banka dd

### Governance

###### Net-Zero to be governed by newly established Climate Change Committee

At NLB Group, a paramount importance is placed on the Net-zero implementation as a multi-decade initiative. As such, a robust governance structure will be established, ensuring that the net-zero decarbonisation plans and sustainable financing are guided by top-level executives and implemented effectively across all sectors. Thereby, effective governance, strategic oversight, and regular monitoring of NLB Group's net-zero decarbonisation plans are entrusted to the highest executives.

To streamline decision-making and enhance accountability, a dedicated body entitled the Climate Change Committee (CCC) will be formed. This committee will have full authority and responsibility over the implementation of NLB's net-zero strategy. The CCC will be composed of key individuals who will cover both strategic and operational aspects of the decarbonisation efforts. The committee will comprise all six Chiefs, representing the full Management Board, as well as six core team members. The six core team members will include a project-lead from Sustainability Development and representatives of Global Risk, Retail Banking, Corporate Banking, Data/IT and Group Steering divisions/departments. In addition, this core team is charged to design the second target setting scheduled for mid-2025.

The composition of the committee ensures a holistic approach to the decarbonisation process. It brings together executives and experts from various areas to provide comprehensive guidance and insight. This collaborative effort aligns different areas of the organisation, enhancing interdepartmental coordination and facilitating effective decision-making.

### 6. NLB Group Sustainability Governance Structure

###### Our path to sustainable banking started by internal decision and only later we embarked on regulated targets with MIGA, EBRD and UN PRB. We have anchored sustainability at different levels within the bank (Board level, Executive Management level, Group level and Business & Country level), guaranteeing that it receives attention from the highest decision-making bodies while also being broadly integrated in our operations.

NLB Group has put in place a 4-level sustainability governance:

###### A. Supervisory Board

The bank has established a comprehensive framework for sustainable management, starting by sponsoring the matter at the level of the NLB d.d. Supervisory Board, which, due to its diverse knowledge and extensive experience, significantly contributes to the implementation of sustainability. The implementation of sustainability is addressed formally at least twice a year. However, due to the growing importance of the topic, the Supervisory Board regularly monitors the implementation of ESG factors and discusses the topic at almost every meeting and devotes an important part of its agenda to it.

###### B. Sustainability Committee

Sustainability Committee at the level of NLB d.d. is composed of the highest-level officers and provides the overall vision and sustainability strategy, it defines key policies, reviews progress on major initiatives, decides on specific external partnerships and agreements, and ensures cohesion of the overall program with the bank's mission. The key decision progress is brought to the attention of the NLB d.d. Management Board, both at regular and on ad hoc basis whenever required.

###### C. Group level Sustainability Team

Sustainability Team within Strategy and Business Development Division of the NLB d.d. oversees Group-wide sustainability agenda and it is tasked with (I) driving the culture, (II) coordinating initiatives, (III) measuring the impact and (IV) reporting on progress.

The team is responsible also for developing the sustainability strategy and implementing it across the NLB Group. The team monitors implementation of the strategy and regularly informs the Sustainability Committee, Management Board and Supervisory Board on progress. The Sustainability Team is headed up by the Strategy and Business Development Executive Manager and reports directly to the NLB d.d. CEO.

###### D. Sustainability working groups (ESMS Officers, ESMS Specialists etc.)

Ad hoc working groups are being set up in the bank to introduce various elements of sustainability. Their composition varies according to the area of ​​sustainability considered.

ESMS Officers have been appointed in our banking members and report regularly to local boards. They come from within the risk management line and ensure the ESMS is properly implemented organization wide.