The Company has established a Sustainability Committee, headed by the Executive Officer, President and CEO and comprised of Executive Officers and Managing Officers and heads of each departments, to facilitate the smooth implementation of our sustainability policy. By monitoring the plan-do-check-act (PDCA) cycle for each sustainability initiative, including those for climate change and other environmental issues, and by reporting important details to the Board of Directors, the Sustainability Committee acts as a main driver in increasing the effectiveness of sustainable management. As a rule, the Sustainability Committee meets twice a year, but will hold additional meetings whenever necessary. The Sustainability Committee is chaired by Heiwa Real Estate's the Executive Officer, President and CEO, who is responsible for final decisions concerning the Group's sustainability initiatives and measures for dealing with climate-related issues. The head of the Company's office in charge of sustainability (within the Corporate Planning Department) is assigned as the officer responsible for executing these initiatives and measures. Furthermore, this officer periodically reports to the committee chair on assessments of specified climate change impacts, management of risks and opportunities, progress of efforts to adapt to and mitigate such impacts and risks, and efforts to combat climate change, including performance indicators and targets. All of these matters are discussed and examined by members of the Sustainability Committee, and on that basis, decisions are finalized by the committee chair. [...] Processes for Identifying and Assessing Climate-related Risks Each year, the officer responsible for executing climate-related initiatives and measures assembles a working group comprised of members in charge of relevant departments to identify and assess climate-related risks that could impact the Company. The working group's analysis is based on the following framework. [...] The progress and results of efforts by working groups to identify risks and examine opportunities will be periodically reported to the Sustainability Committee by the officer responsible for executing climate-related initiatives and measures. [...] Processes for Managing Climate-related Risks The Chair of the Sustainability Committee will appoint a manager or team to manage climate-related risks and opportunities that have been deemed material to business and financial planning in discussions of the committee, and instruct them to formulate relevant measures. The measures formulated by the appointed manager or team will, depending on their substance, be discussed by the Sustainability Committee or a relevant organization within the Company, and then executed on the basis of those discussions.