Disclosure Topics Disclosure Number Detail Notes and Page Reference in this Report Climate Change Adaptation IF-RE-450a.1 Area of properties located in 100-year flood zones, by property subsector CLAS performed a climate scenario analysis to understand how climate-related risks and opportunities could impact its portfolio. The analysis considered the latest global scientific developments, and 1.5°C to 3°C scenarios for current to long-term time frames. CLI conducted a global portfolio baseline study to better understand its properties’ physical climate risk in relation to floods. This included insights into whether properties were located in low lying plains, had encountered flooding in previous years, had equipment located in the basement, and had exposure to other flood risks. Globally, most of CLI’s properties already have flood control features / measures in place, such as flood barriers, sensors, water level pumps and flood emergency response plans. To further strengthen climate resilience to flood risk, CLAS, through CLI, regularly engages its operations teams to ensure flood emergency response plans are implemented across its portfolio. (Pg 20-24, 35) IF-RE-450a.2 Description of climate change risk exposure analysis, degree of systematic portfolio exposure, and strategies for mitigating risks Since 2017, CLI aligned its climate-related disclosures with the TCFD recommendations in the four key areas of governance, strategy, risk management and metrics and targets. CLI further declared its support for TCFD and its recommendations in 2019. Aligned with CLI’s commitment and in compliance with regulations, CLAS has progressively developed its climate-related disclosures since 2021, and is striving to continuously enhance its reporting against the TCFD recommendations. (Pg 16-42) SUSTAINABILITY REPORT 2023 90
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