ECIC IR 2023

Integrated Report 2023

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REPORTING BOUNDARY The annual report covers the performance of the Corporation over each financial year (April to March), while the outlook throughout the report is based on the following year’s Corporate Plan approved by the Board in January each year and considers the performance and stakeholder engagements of the first quarter of that Corporate Plan period.

The ESG Policy has an Early ESG Screening Questionnaire which will be utilised to screen projects and to establish if they fall within the ambit of Category A or B or C. The categorisation will guide the extent of the ESG assessment that needs to be carried out. The questionnaire will form part of the application process as envisaged in the ESG Policy. Global Reporting Initiative Framework Although ECIC has reported ESG impacts in its Integrated Report there has not been a detailed ESG impact reporting on the insured transactions. The comprehensive ESG reporting encourages transparency and accountability and includes reporting on both negative and positive ESG impacts. ECIC has been reporting the ESG impact of its operations following the GRI framework to a limited extent. As such, ECIC is considering the GRI framework with the aim to report the ESG impacts of its operations, including on its insured transactions in accordance with the GRI framework.

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