Arena's Board maintains oversight of climate-related risks and has not delegated this responsibility to any Board committees. The Board has the overall responsibility for monitoring and reviewing strategic priorities including progressing sustainability goals appropriate to Arena's objectives, including actions specifically addressing climate change. The Board sets strategic objectives for Arena regarding non-financial impacts including climate change through the endorsement of Arena's Sustainability Framework and Arena's annual business planning process. Arena's management team prepares quarterly sustainability reports for the Board which detail Arena's position and progress on material issues across the sustainability landscape, including updates on progress toward sustainability goals, climate-related risks and opportunities, GHG inventory of Arena's organisation and assets under management, renewable energy and resource efficiency. The Board considers climate-related issues at least quarterly within its fixed meeting schedule. The Board also oversees the development and adoption of related policies and procedures. These include Arena's Code of Conduct and its Environmental, Social, and Governance Policy, which outline its commitment to doing business in a socially and environmentally responsible manner and identifying climate-related risks that may affect its business. [...] Strategic and operational initiatives designed to respond to climate risk, resource efficiency, and GHG emissions are executed collaboratively under the leadership of the Managing Director and the coordination of the Chief of Investor Relations and Sustainability. Arena has an ESG working group chaired by the Chief of Investor Relations and Sustainability and comprised of team members from the finance, property and risk and compliance teams. The ESG working group meets at least quarterly and continues to integrate and progress sustainability initiatives across the business. The group's commitments include: Managing, minimising and mitigating sustainability impacts and risks, including climate change; Ongoing analysis to ensure emerging sustainability risks and opportunities are identified; Continuously improving sustainability performance and reporting, including on climate change, with transparency about progress [...] In accordance with the Anti-Bribery and Corruption Policy, subject to the prior approval of the Managing Director, Arena may engage in lawful lobbying activity (which may occur in conjunction with industry participants or industry associations) where it is considered in the best of Arena's stakeholders (including capital providers or tenant partners). Arena did not engage in any lobbying activity during FY23.