Overview Economy Community People Environment Governance & Risk Disclosure GRI & ADX 91GRI 102-15, 102-18, 102-29, 103-2, 201-2, 301-1, 301-5, 303-1, 303-5, 305-1, 305-2, 305-3, 305-4, 305-5 Risk Management Using the insights from our scenario analysis, we have created a three-year climate risk management plan. We are developing business level ESG risk registers that will monitor ESG and climate risks and track the associated risk mitigation actions we are taking. These registers will be integrated into our overall risk management processes, which require us to consider options to transfer, avoid, reduce risk likelihood, reduce risk impact or retain a risk. We will assign overall responsibility for overseeing the chosen risk treatment option to process owners. Through our scenario analysis we have identified a number of key climate risks and opportunities, as outlined in the Strategy section, that we plan to actively embed into our ESG risk registers and business plans. In Aldar Development, we conduct cost and feasibility analyses so that we can include sustainability features in the earliest stages of design. As our design checklist evolves, we will include design for climate resilience into our guidance to help mitigate future risk. In Aldar Investment, we are working to integrate sustainability into our investment criteria and due diligence processes, and we will include climate risks as part of these considerations. Finally, we periodically review and monitor legislation, which includes all legislation on climate and sustainability issues. This ongoing oversight enables us to manage risks associated with non-compliance and falling behind climate-related legislative requirements. Metrics and Targets This year, as part of our commitment to enhanced, transparent environmental reporting, we have reported certain Scope 3 GHG emissions for the first time (see page 74 for more detail). We report intensity metrics for energy, GHG emissions (using the GHG protocol methodology) and water consumption as intensity per million AED in revenue. For all our environmental reporting, please see pages 99-103. Our environmental performance monitoring helps us to develop, activate and achieve our Carbon Neutral Action Plan. We have set ambitious public environmental targets in support of this, including achieving a 20% reduction in asset portfolio energy intensity and associated GHG emissions, and a 10% reduction in water intensity by 2025, against our 2019 baseline. For Aldar Development, our developments target a 70% Estidama score, with a Pearl 1 or Pearl 2 building certification for all our assets. Since 2010, 87% of Aldar developments have attained a Pearl 1 and 13% a Pearl 2 rating. We are now exploring more ambitious, internationally recognised building certifications. We have also set ourselves a target of 80% of waste diverted from landfill on all our new development projects. Risk management Responding to the Task Force on Climate-related Financial Disclosures