Our governance structure is aligned with our business model with its two pillars: Real Estate and Asset Management. This means that in organisational terms, sustainability is incorporated into various committees and functions, with the Board of Directors serving as the highest decision-making body. The responsibilities, duties and authority of the Sustainability Committee, which consists of at least two members of the Board of Directors, are set out in separate rules. The committee deals with all relevant tasks in the context of sustainable management and is mainly responsible for the sustainability strategy (principles, goals and initiatives), the management of climate-related opportunities and risks, governance for sustainability and non-financial reporting (including reporting on climate risks). The Sustainability Committee submits the necessary proposals to the Board of Directors. The Board of Directors also maintains the Audit Committee as a standing committee that deals with non-financial reporting, in particular environmental key figures and auditing aspects in the context of limited assurance. The committee submits the necessary proposals to the Board of Directors on ESG reporting and reports on the relevant key figures and internal control system in connection with climate risks and third-party risks such as due diligence obligations regarding child labour and conflict minerals. The Executive Board is responsible for the operational implementation of the sustainability strategy. The Board is supported by the Head Group Sustainability who reports directly to the Executive Board. The Head Group Sustainability plays a crucial role in ensuring that non-financial success factors and risks are reflected in our business model. In the Asset Management business area, the Head Group Sustainability is supported by a dedicated function. This function is responsible for the integration and implementation of the sustainability strategy in the respective real estate products and ensures compliance with the specific requirements imposed on fund managers in connection with the FINMA licence. In close collaboration with the respective Executive Board members, line managers and all relevant internal and external specialists, this organisation ensures the incorporation and successful implementation of the sustainability strategy throughout the entire company. The Green Finance Committee, consisting of members of the Executive Board and management, was set up in connection with the introduction of the Green Bond Framework (2020) and enhanced Green Finance Framework (2022). The committee is responsible for evaluating the project portfolio as well as allocating, monitoring and reporting on funds in close coordination with various operational units.