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Operating as a responsible business

The focus of our work continues to be the intentional social impact that our investments contribute to. While we recognise that social and environmental impact are intrinsically interconnected, where we have made investments into business models that create a positive environmental impact, this is typically done through the lens of the impact of such investments on people. Our approach is generally to identify the sustainable business models that will create impact and improve people’s lives, while minimising the negative and maximising the positive environmental impact where feasible.

Task Force on Climate-related Financial Disclosures (TCFD) reporting

Given the environment is a key part of improving people’s lives, we recognise that environmental risks, particularly those associated with climate change, can be significantly detrimental to our mission. We are therefore supportive of the Financial Stability Board’s Task Force on Climate-related Financial Disclosures (TCFD), and in our Annual Report and Financial Statements align our reporting with the TCFD’s recommended framework. Our analysis has identified housing-related business models in our Social Impact Investment Portfolio as our most material source of climate-related risk; therefore, we will continue to work to understand in greater depth and mitigate this risk.

For further detail on our governance and risk management, as well as information on our approach to being a responsible consumer, and employer, please see pages 26-31 of our Annual Report and Financial Statements.