Sustainability Statement Integrating Climate Initiatives (Cont’d) Risk Management Our goals and strategies are designed to address the financial risks associated with climate change. This include the processes for identifying, assessing and managing these risks, ensuring they are fully integrated into our risk management framework. Metrics and Targets We monitor and disclose our annual Scope 1, Scope 2, and limited Scope 3 greenhouse gas (“GHG”) emissions, including those from business travel, employee commutes, waste generated and downstream leased assets. Metric Unit Description GHG Emissions Tonnes of carbon dioxide equivalent (“tCO₂e”) Measures total GHG emissions, including Scope 1, Scope 2 and limited Scope 3 emissions. Energy Usage Gigajoules (“GJ”) Tracks total fuel and electricity consumption. Fuel Consumption Litres (“L”) Measures total amount of fuel used. Electricity Consumption Megawatt-hours (“MWh”) Records total electricity consumption. Waste Metric tonnes (“MT”) Quantifies total amount of waste generated. Water Usage Megalitres (“ML”) Measures water consumption. Key risks are assessed based on their likelihood of occurrence and potential impact on the business, particularly in the event of adverse climate-related incidents. An Audit and Risk Management Committee has been established to review and update risks on a quarterly basis, with input from each department Risk Assessment Risk Management Description To manage identified risks, the Group has implemented the following measures: • Enterprise Risk Management Framework: The RMC continuously monitors, evaluates and manages significant risks. Corrective actions are implemented as necessary, and their effectiveness is regularly reviewed. • Internal Controls: Our Management implements action plans with specific timeframes for mitigation when necessary • Internal and External Audits: The Audit and Risk Management Committee regularly examines the internal control process and the results of the risk management Risk Management The Group employs a structured risk assessment approach integrated into daily operations alongside other risks via our Enterprise Risk Management (“ERM”) Framework. Risk Identification 56 AL-SALĀM REIT ANNUAL REPORT 2024
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