Shaftesbury Capital PLC

#### Governance, monitoring & reporting

Our commitment to being Net Zero Carbon by 2040 is core to our business strategy. To support this, we have a robust governance framework to ensure that progress against our Net Zero Carbon Pathway is closely monitored and reported to the Board.

Day-to-day implementation is the responsibility of our Sustainability team, supported by the Environment, Sustainability and Community ("ESC") Management Committee – a management level committee, which reports and co-ordinates the sustainability, environmental management, community engagement and charitable activities of the business. The Committee reports to the Executive Committee ("ExCo") and the Board.

Our Net Zero Carbon Pathway is a live plan and progress against the actions outlined on page 10 will be monitored by the ESC Management Committee on a quarterly basis with updates to the ExCo and the Board at least annually.

Our overarching targets and specific actions required to achieve the necessary decarbonisation are set out in various internal policies, contractual requirements with our supply chain and in our lease agreements.

We will report our carbon emissions and progress against our targets annually in our corporate Annual Report, with more detail provided in the Sustainability Data Report, available on our website.

We participate in GRESB and CDP and have achieved EPRA Gold for sustainability reporting. Our climate change risks and opportunities are set out in our annual TCFD report. We will report externally on progress against our targets at least annually.

A formal review of the Pathway against changes to the portfolio and sector practice will be conducted at least every three years. Our Net Zero Carbon commitment will continue to be incorporated into our existing sustainability frameworks and policies.

Our talented and committed team has a vital role to play in achieving our ambitious target. We will continue to provide support to allow them to gain the skills and knowledge they need to deliver against the Pathway. All employees have an ESC target within their annual reward metrics.

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]Required actions to reduce carbon emissions in line with our net zero carbon roadmap have been incorporated into our supplier code of conduct.

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]The ESC Management Committee manages the Group's day to day ESC activities and is responsible for ensuring that any direct and indirect activities that influence climate change policy are firmly aligned with the ESC Strategy and business strategy. The Group's Director of Sustainability and Technology is a key member of the ESC Management Committee and Executive Risk Committee and they also attend by invite the Board ESC Committee. The Group's Director of Sustainability and Technology is critical to our ESC Strategy and Net Zero Carbon pathway and is also closely involved with the Group's operational teams and activities. Therefore, the Group's Director of Sustainability and Technology would be aware of any direct or indirect activities that could potentially influence policy and steps would be taken to ensure they are consistent with the group's climate change strategy over the short, medium or long-term as applicable. Any, any proposed activities with the intention of influencing climate change policy must be reported to the ESC Management Committee for approval prior to implementation to ensure all engagement is consistent. The committee meets each quarter with formal meeting papers and minutes of the decisions made during the meeting. The ESC Management Committee includes a designated Non-executive Director (whom also Chairs our Board ESC Committee), the Company Secretary, the General Counsel, the Head of HR, the Director of Marketing and Communications, the CG Estate Director and the Director of Projects. Such a wide and well-represented ESC Management Committee ensures any current or future activities of the Group that may influence the climate change strategy are adequately captured.

Does your organization have a public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement?[…]Yes

Describe the process(es) your organization has in place to ensure that your external engagement activities are consistent with your climate commitments and/or climate transition plan?[…]Required actions to reduce carbon emissions in line with our net zero carbon roadmap have been incorporated into our supplier code of conduct.