Overview Economy Community People Environment Governance & Risk Disclosure GRI & ADX 72GRI 103-1, 103-2, 305-3 Committed to climate action Operating in a region that is highly exposed to the effects of climate change means that carbon reduction has to be a key priority for Aldar. We are exploring the changes that we can make internally, as well as involving our external stakeholders. Over the past year, we have been assessing the impact of the Group and have already invested in robust energy and data management systems that allow us to measure carbon emissions across our portfolio. Our next goal is to set specific targets within a Carbon Neutral Action Plan and develop roadmaps for Aldar Development and Aldar Investment that align with regional and global best practice. A key step in any climate action plan is to maximise efficiencies, and this has been a priority for us over the past year. For example, across our communities we are actively investing in replacing all non-LED lights with LED lights, and installing new eco-friendly air conditioning units. So far, these two initiatives alone have saved 4,773 tonnes of CO2 and 1,590 tonnes of CO2 respectively. Our environmental impact is directly related to that of the trusted suppliers, contractors and partners with whom we work. We therefore need to look not only at our own internal practices, but at theirs. All our development appraisals and investment proposals already include a sustainability strategy and brief. At Aldar Development, we are also engaging with our contractors and looking at how we can support them in reducing their impact, for example at an embodied carbon level. In turn, we can tackle the carbon emissions from the manufacturing, transportation, and installation of building materials. Across Aldar Investment, we are working with business leads and asset managers to identify top performing assets, as well as low performers, so that we can prioritise areas for improvement. Engaging with our tenants and residents plays a significant role in our progress as well, and it will be through impactful community engagement activities and initiatives such as the Green Tenant Awards that we can maximise our impact (see page 81). We expect to announce details of our Carbon Neutral Action Plan in 2021 and look forward to sharing our progress with you in our future sustainability reports.