Sustainability Statement Integrating Climate Initiatives (Cont’d) Strategy (Cont’d) Transition Risks (Cont’d) Transition Risks Potential Impact Opportunities Market Fluctuating market conditions and customer preferences • Lower revenue due to rising costs. • Economic downturns such as recessions can lower property values and rental income, increasing vacancies and financial challenges for the REIT. Highlighting our commitment to sustainability differentiates us and attracts eco-conscious clients. Reputation Reputational damage may result from the delayed adoption of low-carbon practices compared to industry peers • Climate-resilient and sustainable properties remain a top priority for investors and tenants. Failing to meet these expectations could result in dissatisfaction and reputational harm. Leading in climate-conscious services presents the REIT with the opportunity to enhance its reputation. Physical Risks Physical Risks Potential Impact Opportunities Acute The occurrence of short-term extreme climate-related events such as heat waves, floods, landslides and other severe weather phenomena Severe weather and natural disasters can potentially disrupt supply chains, damage infrastructure and compromise safety, all of which can impact the continuity of our operations. Conducting risk assessments, developing emergency response plans and investing in resilient infrastructure can mitigate immediate impacts and strengthen resilience. Chronic Long-term impacts, such as extreme weather fluctuations, including prolonged high temperatures and heavy rainfall Long-term environmental changes, such as rising temperatures and shifting rainfall patterns present ongoing challenges that may affect infrastructure, resources and worker health. Adopting sustainable practices, investing in energy-efficient technologies and building climate-resilient infrastructure can reduce long-term impacts. 1 ABOUT US 55 3 SUSTAINABILITY STATEMENT 4 CORPORATE GOVERNANCE 5 OTHER INFORMATION 6 FINANCIAL STATEMENTS 2 BUSINESS OVERVIEW
RkJQdWJsaXNoZXIy NDgzMzc=