In parallel with these goals, FHT has aligned its climaterelated disclosures based on TCFD recommendations, available in TCFD Alignment table on pages 29 and 30. As the TCFD Framework is now incorporated into ISSB’s IFRS S2 Sustainability Disclosure Standards, we continue to disclose key progress in FY2024 against the areas of Governance, Strategy, Risk Management and Metrics and Targets. In upcoming years, we will transition to disclosing with reference to IFRS Sustainability Disclosure Standards in alignment with applicable SGX Listing Rules. Our Actions and Progress We continue to make progress and mitigate key physical and transition risks and prioritised strategies to achieve net-zero carbon by 2050. In FY2024, our Sponsor deployed an in-house CVaR platform and decarbonisation tool, which aggregates asset- and development-level data and climate exposures up to geographic, portfolio, asset class and Group levels. This enables FHT to understand the potential impacts of physical and transition climate risk to our asset portfolio under future climate scenarios and incorporate this data into investment, financial and strategic planning. Fraser Suites Singapore ESG Report 2024 15
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