Investor Presentaiton

What are climate-related risks Climate-related Risks . - Chronic: Changing weather patterns, rising mean temperature and sea levels • Risks generally form into two broad categories Physical & Transitional Physical - Acute: Extreme weather events • Physical: acute (short term) hurricanes and floods & chronic (longer term) event, rising global temperatures & sea levels • • Transitional: risks related to the transition to a lower-carbon economy, such as increased regulation, substitute products, newer technologies and reputation. Physical risks (where climate change affects property, industry, infrastructure and health) could be very severe, especially if warming exceeds 3°C. A transition to a low-carbon economy will require adjustments by all aspects of society ... consumers, businesses and policymakers wide range of potential outcomes relating to the timing and extent of future warming Transition Policy and Legal - Carbon pricing and reporting obligations ― Regulation of high carbon products and services - Mandates on and regulation of existing products and services ― Exposure to litigation Technology - Substitution of existing products and services with lower emissions options - Costs to transition to lower emissions technology Markets ― Changing customer behavior/demands -Increased cost of raw materials Reputation -Shift in consumer preferences -Stigmatisation of high carbon sectors -Increased stakeholder concern/negative feedback KPMG © 2020 KPMG, an Irish partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative, a Swiss entity. All rights reserved. 37 37

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