Sustainability and Climate Report Monitoring of Energy Consumption Smart Devices LED Lightings Top 6 Sustainability Initiatives by Tenants Recycling Robust HVAC Systems Efficient Water Fixtures Figure 6: Tenants’ Sustainability Initiatives Our Climate-related Disclosures The effects of climate change are becoming increasingly apparent and can pose challenges to real estate managers’ revenue generation, result in damage to assets, and increase insurance premiums. Nonetheless, there are opportunities for real estate managers to leverage green financing instruments, improve building management for increased efficiency, and reduce operating costs. UHREIT recognises the importance of keeping our business resilient amidst a changing climate and carefully considers the impact of climate-related risks and opportunities on the business. UHREIT is committed to providing clear and transparent updates on our progress. The following section outlines how we are addressing material climate-related risks and opportunities, with reference to the IFRS S1 climate-relevant provisions and S2. Governance The Board and management have established oversight and accountability for UHREIT’s climate risk strategy and targets. On a quarterly basis, the Board is updated on key climate-related issues, regulatory changes and progress towards targets by management. The management plays a critical role in assessing and managing climate-related risks and opportunities for the business. Key climate-related issues are considered when making strategic decisions with regards to UHREIT’s business strategy, financial planning, and policies. The management is also responsible for developing sustainability objectives and driving the overall sustainability performance of UHREIT, with climate-related issues forming a significant portion of this. We aim to initiate quarterly reviews with the Property Managers to assess whether any significant climate-related risks require escalation for each property. 78 UNITED HAMPSHIRE US REIT
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