Overview Economy Community People Environment Governance & Risk Disclosure GRI & ADX 89GRI 102-29, 201-2, 102-15, 102-16, 103-3, Governance We have several governance structures in place to ensure that risks relevant to sustainability are regularly identified, assessed, and prioritised. Our Board has visibility of sustainability through a quarterly sustainability update. The update includes progress reports on sustainability initiatives and KPIs and we will be further focusing on engaging with the board on climate-related in Board approvals in accordance with the assessment we carried out. For full details on our structures and the Sustainability Council, please see the ‘Sustainability Governance’ section on page 85. Our robust corporate risk management framework is described in detail in the ‘Risk management’ section on page 88. We will review our framework in the context of the results of our climate risk assessment and will enhance it to align with best practices in climate risk management. We are developing ESG risk registers for each of our core businesses; Aldar Development and Aldar Investment, in which we will include the climate risks we have identified. Our most material climate risks will be included as part of our process to embed sustainability into our overall risk registers. Based on materiality, ESG and climate risks will be raised to appropriate levels of our business through our defined corporate risk management framework. Risk management Responding to the Task Force on Climate-related Financial Disclosures Planning for the future The scale of the challenge posed by climate change requires ambitious action. To succeed in our vision of ‘becoming a leading regional real estate developer and manager that creates memorable experiences and values for our customers and shareholders’, and our mission to ‘place our customers first by embedding sustainability, quality, technology and innovation in everything we do’ we need to demonstrate leadership and future-proof our portfolio against climate change. We have begun to take action by committing to develop our Carbon Neutral Action Plan and through undertaking a detailed assessment to identify climate risks and opportunities for our business, which are the first steps on this journey. We support the Task Force on Climate-Related Financial Disclosures (TCFD), and this report includes our first submission in line with TCFD’s climate risk disclosure framework. Our risk assessment process has identified climate risks and opportunities for our business, and we have now started the journey to robust climate risk management. We look forward to sharing our progress in our future TCFD reports. Assets andInvestments DevelopmentManagement Finance and Sustainability Risk Management Committee (RMC) Executive Management Committee (MC) Risk Team Audit Committee (AC) Board