12GRI XX XX Overview Economy Community People Environment Governance & Risk Disclosure GRI & ADX Salwa — How will the increasing focus on climate risk influence our sustainability strategy and focus? Greg — Climate change is one of the defining challenges of our time; how governments, society and the business community respond will have lasting implications for future generations. At a national level, we support the UAE’s commitment to reduce carbon emissions by 25% by 2030 as a signatory to the Paris Agreement, and we are taking action to reduce the footprint of our own operations. The investment community is likewise rightly focused on the risks that climate change poses, and companies are under increasing scrutiny to disclose their governance and management of climate-related risks. In this regard, frameworks such as the Taskforce on Climate-related Financial Disclosures (TCFD) have a significant role to play in providing a framework to identify, manage and measure both the transitional and physical impacts from climate change. Due to the nature of our business and our geographic location, climate change poses some of the most significant and complex risks facing Aldar and our stakeholders. Our ability to sustain the levels of growth we have achieved to date are contingent on a robust strategy to manage these risks, but also to deliver buildings and places that mitigate its impacts and support the UAE’s transition to a low-carbon economy. We have taken steps to comprehensively review and address Aldar’s climate-related risks, including a business-level risk assessment, which has given us a better understanding of the impacts of climate-related risks and opportunities, helped us to enhance our risk management and governance procedures, and integrate climate-risks into our decision making. Our support of the TCFD recommendations (included on page 89 of this report), sets out the foundations of how we will address these through our corporate and sustainability strategies. 12 Looking to the future Overview Economy Community People Environment Governance & Risk Disclosure GRI & ADX