MENU PLACES PEOPLE PARTNERS PERFORMANCE PEPERFORFORRMMAANNCCEE (ENVIRONMENT) ((EECCONOONOMMIICC)) Performance (Economic) 2022 Progress Corporate Governance Risk Management and Internal Controls Green Financing Investor Relations Existing Risks and Possible Impacts Risk Trend Mitigation Measures Political risks • Regular review of investment strategy, business Changes in the global and local political model and capital allocation in response to any landscape and priorities may have impact of international tensions. significant impact on the business • Maintain high level of sensitivities to political and environment. social issues by closely monitoring social media and government policies with a timely response. • Senior management engagement with government authorities to anticipate political developments in order to plan appropriate responses and to ensure compliance with applicable laws and regulations. • Maintain robust corporate governance practice through oversight functions (internal audit, risk management, the company secretary, legal counsel and independent non-executive directors). Emerging Risks and Possible Impacts Risk Trend Mitigation Measures Climate change • A climate change policy is in place and is updated Extreme weather conditions and regularly. climate change may increase the risks • Conduct climate risk assessments at all portfolios to of physical damage to properties and manage the risks and to explore the opportunities adversely affect their valuation. arising from the transition to a target of net-zero. • Science-based targets have been established to achieve long-term decarbonisation. • Monitor and reduce carbon emissions from construction activities and embodied carbon from major building and construction materials with the use of innovative technologies. Risk level increased during the year 2022 Risk level decreased during the year 2022 Risk level remained broadly the same SUSTAINABLE DEVELOPMENT REPORT 2022 255