Board Reflection and Management Oversight Questions SUPPLEMENTARY DOCUMENT JANUARY 2026 Guiding questions for board reflection Question 1: To what extent is the board collectively equipped to understand and robustly challenge relevant climate- and nature-related risks and opportunities across different time horizons? Question 2: What formal process (e.g. board skills matrix, board evaluation) do we use to identify knowledge gaps, benchmark our capabilities against peers and address blind spots through training, recruitment or external advisory support? Question 3: How do we confidently evaluate whether the business has effective systems to integrate climate and nature issues into strategy, capital allocation and operational decisions? Question 4: How do we oversee that our executive team is incentivized and has the resources and capabilities needed to manage climate and nature risks and pursue related opportunities? Question 5: What systems and processes are in place to facilitate critical climate and nature decisions reaching the board when required? Guiding questions for boards to ask of management Does management’s response include the following? Question 1: How is the organization building and maintaining the skills, expertise and awareness needed to manage climate- and nature-related risks and opportunities across management and teams? –Targeted training and capability programmes –Review of organizational skills and capability –Access to internal and external experts –Recruitment and succession planning to strengthen expertise –Regular updates on emerging issues Question 2: How are insights from internal and external experts on climate and nature incorporated into decision-making? –Advisory panels or expert working groups –Independent reviews of key assumptions –Regular briefings to executives and board –Expert input integrated into risk and strategy process –Periodic review of relevant information from industry associations, media and other research sources –Access to academia and research organizationsFOUNDATION 1 Skills and knowledge This supplementary document is a summary of all the suggested questions contained in the Board Leadership for Growth and Resilience: Guiding Principles for Climate and Nature Governance white paper. It is designed as a handy tool for facilitating discussion in the boardroom.In collaboration with Deloitte