On May 7, 2024, Chubb Limited submitted a response to Institutional Shareholder Services (ISS) on ISS? proxy research report relating to the Company?s 2024 annual general meeting of shareholders. The Company requests that ISS consider the points of correction and clarification with respect to the recommendations and analyses of a shareholder proposal on Scope 3 greenhouse gas emissions reporting.

ISS concludes Chubb should disclose Scope 3 greenhouse gas (GHG) emissions, as requested by the shareholder proposal, because it ?will likely help shareholders better understand the Company?s climate-related risk and evaluate the effectiveness of the policies the Company has enacted?. The Company expressed its view that this is incorrect. As the Company has explained in its disclosure, there is no agreed methodology to calculate Scope 3 insurance-associated emissions, and even if there were, such a calculation would not reflect the Company?s climate-related risk, nor provide any basis to assess whether the Company is effectively contributing to a reduction of emissions in the real economy.

The Company stated that it requests correction from ISS on its discussion of climate regulations.