Sustainability and Climate Report Climate Scenario Analysis for Physical Risk In FY2024, UHREIT undertook a physical risk analysis, to better understand the quantitative impacts on asset value and financial implications to the business. The analysis will support UHREIT in undertaking any necessary mitigative and adaptive actions to protect the business and its properties from climate change impacts. For FY2025, there has been no identified material changes to the results of the scenario analysis. UHREIT will periodically refresh the assessment or when significant business developments occur, such as substantial changes to the property portfolio or geographic asset concentration. The assessment will be continuously reviewed to ensure its ongoing relevance and alignment with emerging best practices. The three scenarios used in the assessment were adopted from the Intergovernmental Panel on Climate Change (“IPCC”), which represent potential climatic conditions based on future GHG trajectories driven by varying demographic, social, and economic forces. Using various scenarios prepares UHREIT for different climate outcomes, increasing the resilience of UHREIT’s climate strategy. Table 5: UHREIT’s Climate Scenario Analysis Inputs Scenarios Used RCP 2.6 RCP 4.5 RCP 8.5 Rationale for Scenarios Used Represents a Net Zero by 2050 scenario where warming is limited to 1.32.2°C above pre-industrial levels Represents a businessas-usual scenario where warming is between 1.62.5°C above pre-industrial levels Represents a high emissions scenario to where warming exceeds 3°C above pre-industrial levels Geographical Coverage All UHREIT’s assets across the U.S. Time Horizons The time horizons used: • 2030 (short-term) • 2040 (medium-term) • 2050 (long-term) These time horizons were selected to allow UHREIT to assess near-term and long-term climate-related impacts, to support strategic decision making and resilience planning for the business. 80 UNITED HAMPSHIRE US REIT
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