The ultimate responsibility for overseeing and managing risks, including those related to climate change, rests with the Board. The Risk Management Framework (RMF) is used to identify, assess, manage, monitor and report key risks. The Board, via the CEO, is responsible for overseeing the establishment and implementation of the RMF, and for approving and monitoring compliance with the framework. Climate-change risk is included in the risk register, which is communicated to the Audit and Risk Management Committee (ARMC) and the Board. The ARMC, among other things, reviews and recommends Waypoint REIT's Risk Management Framework and material strategic risks to the Board for approval, and reviews and monitors the implementation of policies and procedures for identifying, assessing, monitoring and managing risk, including climate-change related risks. [...] Since 2020 the ESG Working Group has had direct reporting responsibility to the Board. The ESG Working Group is responsible for bringing Waypoint REIT's ESG strategy to life and for actioning ESG goals set by the Board. The ESG Working Group comprises senior members of management from all key divisions, including the Chief Financial Officer, Company Secretary, General Manager Property and Financial Controller. The ESG Working Group formally reports to the Board at least four times per year. The ESG Working Group meets monthly to: allocate resources against each ESG annual work plan task; discuss progress made against each ESG annual work plan task as well as any refinements to the plan that may be warranted; discuss relevance of external publications/research; discuss emerging trends and new initiatives; and discuss and finalise board reports. This cross-functional structure ensures climate-related issues, risks and opportunities are identified, assessed and actioned on a timely basis. At an operational level, the General Manager Property is responsible for: monitoring compliance with lease obligations (tenants) and service-level agreements (facilities managers), overseeing environmental reporting and maintaining Waypoint REIT's environmental matters register; monitoring and responding to environmental incidents on site; and ensuring appropriate acquisition due diligence is undertaken, including external environmental assessments and internal climate-impact assessments. Material findings are escalated to the ARMC for consideration at least four times per year. Given the small size of Waypoint REIT's team and 96% of income is derived from one tenant (VEA), climate-related issues are effectively identified, managed and monitored through the policies and procedures Waypoint REIT has in place.