Sirius Sirius Real Estate

We continue to develop our understanding of the actions we need to take to decarbonise our platform and our assets. Our aim is to build on the resilience of our portfolio against both climate transition and physical risks as well as identifying any opportunities for our business and stakeholders. We are making good progress with fully embedding climate change into our management, strategic, and financial planning processes and increasingly integrating the aims and implementation of the Task Force on Climate-Related Financial Disclosures (“TCFD”) into our operations.

We have every intention of decarbonising our portfolio in line with both German and UK Government targets of 2045 and 2050, respectively. We are clear that that we will do so in line with regulation, with the aim to deliver an economic and social return for all our stakeholders. We understand that this will be a long-term process and we intend to make progress every year. However, as climate-related policy and regulation continually evolves, the relevance of long-term planning becomes challenging. We have, therefore, decided to divide our decarbonisation pathway into short, medium and long term and are focusing hard on short to medium term where we can make viable plans and actions.

Our TCFD Report can be found in full on pages 46 to 59 of Annual Report and Accounts 2024.

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