TASKFORCE FOR CLIMATE-RELATED DISCLOSURES APPENDIX Pillars Climate-related disclosures for FY2024 Risk Management Describe the organisation’s processes for identifying and assessing climate-related risks. 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 would enable FHT to understand the potential impacts of physical and transition climate risk under future climate scenarios and incorporate this data into investment, financial and strategic planning. Describe the organisation’s processes for managing climate-related risks. We identify key risks, assess their likelihood and materiality to our business and document corresponding mitigating controls in a risk register. The risk register is reviewed and updated regularly. Sustainability-related risks have been included in the FHT Risk Register for monitoring. Describe how processes for identifying, assessing, and managing climate-related risks are integrated into the organisation’s overall risk management. We have integrated climate-related risk identification activities within our Enterprise Risk Management processes and associated risk register practices. Metrics and Targets Disclose the metrics used by the organisation to assess climate-related risks and opportunities in line with its strategy and risk management process. To ensure that we are on track to meet our target of net-zero carbon emissions by 2050, we measure and report our energy consumption and Scope 3 GHG emissions. Please refer to the Energy and Carbon section on pages 17 and 18 for more detailed information on our metrics and targets. We measure and disclose our performance using metrics including: • energy consumption (GJ) • energy intensity (GJ/Occupied night) • Scope 3 GHG emissions (tonnes of CO2e) • Scope 3 GHG intensity (kgCO2e/Occupied night) This ESG Report is aligned with the recommended TCFD disclosures. Disclose Scope 1, Scope 2 and, if appropriate, Scope 3 GHG emissions and the related risks. We measure and report our Scope 3 GHG emissions across our assets. Due to the nature of our business, we do not have direct operational control over our tenanted assets. Please refer to the Energy and Carbon section for full details of our metrics relating to GHG emissions. Describe the targets used by the organisation to manage climate-related risks and opportunities and performance against targets. Through our Sponsor, we have introduced goals to inspire climate actions, such as attaining net zero carbon emissions across our business and value chain by 2050. For further details on energy efficiency measures implemented in FY2024, please refer to the Energy and Carbon section. 30 Frasers Hospitality Trust
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