The Ingenia Board retains direct responsibility for matters relating to broad business impacts, including corporate strategy, financial management and compliance, and risk management. The Board's role includes the review of annual performance against sustainability related targets. The Board delegates responsibility for material exposure to economic, environmental, and social sustainability risks to the Audit, Risk and Sustainability Committee. [...] The AR&SC consists of three independent, nonexecutive directors and meets at least quarterly or as necessary. The AR&SC considers all areas of the business, including oversight of the Ingenia Group Risk Register, which includes climate-related risks. Climate risks considered by the AR&SC include physical risks related to assets, as well as policy related risks such as potential impacts relating to implementation of new regulations. The Committee also consider climate-related issues such as decarbonisation strategies, energy strategies and climate adaptation and resilience. [...] The table below summarises the Governance Hierarchy which oversees and manages Ingenia's climate-related issues. [...] **INGENIA BOARD** Determines and oversees the strategic direction of Ingenia including matters relating to ESG and climate risk [...] **AUDIT, RISK AND SUSTAINABILITY COMMITTEE (AR&SC)** Oversees material exposure to economic, environmental and social risks and monitor risk management systems [...] **CEO AND LEADERSHIP TEAM** **(INCLUDING - GM INVESTOR RELATIONS & SUSTAINABILITY)** Developing strategy and day-to-day running of Ingenia's activities including risk identification and management [...] **Group Risk Management Committee** Oversee the group's financial services risk, financial services compliance obligations and insurances [...] **Operational Risk Management Committee** Oversee operational business risks [...] These committees hold joint responsibility for the risk culture and risk framework at Ingenia including physical risks related to assets [...] **SUSTAINABILITY TEAM FUNCTION** Development and delivery of sustainability strategy, programs and reporting [...] **INTERNAL ESG COMMITTEE** Responsible for overseeing and implementing the organisation's ESG initiatives These initiatives include efforts to reduce Ingenia's environmental impact, improve our social and ethical practices, and strengthen our governance structures [...] Our Board and AR&SC are keenly focussed on continuous improvement of our climate risk identification and management processes. Embedding climate management is an important part of our overarching strategy and our operating processes to ensure that the business develops, owns and operates sustainable assets. [...] **Audit, Risk and Sustainability Committee -** responsible for ongoing review of progress of Climate Strategy. The AR&SC will consider progress reports every 6 months where risk assessment and climate mitigation outcomes will be reviewed. [...] **Investment Committee (IC) - has reviewed and** endorsed a process which integrates climate assessment of site hazard exposure and mitigation strategies into opportunity review, due diligence, acquisition and divestment processes. All acquisitions and divestments include identification of climate risks and mitigation strategies at the asset level as well as the impact on portfolio metrics. The climate assessment is embedded into recommendations to the Investment Committee. [...] **Senior Executive Leadership Team - responsible for** the day-to-day management of the business and implementation of the strategic plan, including the Climate Strategy. These responsibilities include monitoring progress against sustainability business targets, climate risk management, and delivery of Ingenia's CEFC debt facility commitments. [...] **General Manager, Investor Relations and** **Sustainability - responsible for the development of** sustainability strategy and objectives and the delivery of identified outcomes, including climate-related strategy, reporting climate risk, and progress against climate-related objectives and targets. Our Sustainability team's roles include initiating and establishing programs and processes that address the management and improvement of sustainability business related issues. This includes review and updates to climate strategy and management systems. The team also support and aggregate data for the purposes of business monitoring, strategy and program review, and reporting. [...] **Risk Management Committees - hold joint** responsibility for the risk culture and risk framework at Ingenia. Each Committee is comprised of relevant executives and operational staff. The Group Risk Management Committee is responsible for financial services risk, financial services compliance obligations and insurances while the Operational Risk Management Committee oversees operational business risks. [...] **ESG (Environmental, Social, and Governance)** **Committee - internal working group responsible for** overseeing and implementing the organisation's ESG initiatives and embedding relevant practices across the Group. The Committee is a cross functional group that includes representatives from the Executive Leadership Team, Operational Business Leaders and subject matter experts. The team oversees efforts to reduce Ingenia's environmental impact, improve our social and ethical practices, and strengthen our governance structures. The objectives of the Committee include: [...] - Embed sustainability principles and deliver relevant ESG goals [...] - Review, monitor and report progress against Ingenia's ESG goals [...] - Develop and implement policies and procedures related to ESG issues [...] - Advise senior leadership/Board on ESG matters and make recommendations for improvement. [...] The Committee meets bimonthly and considers all matters relating to ESG relevant to the organisation, including issues relating to climate adaptation and mitigation. Working with business teams to deliver on objectives is a key focus of the Committee.