CDL Hospitality Trusts - Sustainability Report 2022

Our analysis revealed a number of climate-related risks that may be financially material to our operations, which we table below. Each of the identified risks includes our preliminary, high-level mitigation and adaptation measures. Risk / Opportunity Type Geography Potential Impacts Risk Level 1.5°C Warming Risk Level > 3°C Warming Mitigation Measures Extreme and more frequent heatwaves Singapore, Maldives, New Zealand, United Kingdom Increase in cooling demand which may lead to higher utilities costs • Increase measures to prevent health risks of the staff and guests in the hotels due to heat stress Flooding Australia, Singapore, New Zealand, Japan, United Kingdom, Germany, Italy Loss of asset value and operational costs due to business disruptions • Performing specific site level climate risk assessments, especially for new investments • Considering mitigation and adaptation measures • Reviewing insurance coverage Wind storms Singapore, Japan, United Kingdom, Germany Loss of asset value and operational costs due to business disruptions • Performing specific site level climate risk assessments, especially for new investments • Considering mitigation and adaptation measures • Reviewing insurance coverage Rising sea levels Maldives, United Kingdom Loss of asset value (asset may become uninsurable) • Performing specific site level climate risk assessments, especially for new investments • Considering mitigation and adaptation measures for higher risk assets Carbon pricing All Increase in operational costs associated with carbon pricing • Developing a decarbonisation roadmap Technology adoption and market shifts All Potential regulatory obligations to adopt certain technologies – – • Assessing green/smart building technologies that can value add and improve building operation High Moderated Low CDLHT is in the midst of incorporating the prioritised climate-related risks and opportunities into our general decisionmaking process and investment strategy. Currently, we are exploring this in the shorter term (by 2030) and also in the longer term (by 2050). As we adjust our operations in the transition to a low-carbon economy, immediate impacts on our investment strategies include an avoidance of locations with significant physical risk, or the implementation of building mitigation and adaptation measures at specific sites. We would also consider low carbon and renewable energy features in the buildings when assessing potential acquisitions. In addition to the mitigation measures above, the key, overarching strategy to achieve Net Zero emissions by 2050 is currently being developed. We are exploring the associated steps necessary to establish our baseline emissions for Scope 3 Greenhouse Gas (“GHG”) emissions, as well as a potential decarbonisation strategy and trajectory following a sciencebased approach. We will update our progress in future reports. 101 OVERVIEW AND FINANCIAL REVIEW MARKET REVIEW LEADERSHIP STRUCTURE PROPERTY PORTFOLIO SUSTAINABILITY & GOVERNANCE FINANCIAL STATEMENTS AND OTHER INFORMATION

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