Argosy's Board is responsible for establishing, reviewing and monitoring processes to identify climate-related risks and opportunities. The Board's Audit and Risk and ESG Committees also support the Board with governance in relation to climate related risks and opportunities as outlined below. [...] While Argosy's Board is ultimately responsible for managing climate-related risks and opportunities, responsibility for overseeing climate-related risks and opportunities is delegated to the Board's Audit and Risk Committee which makes recommendations to the Board on how climate-related risks should be managed. The Board's ESG Committee, which is responsible for overseeing Argosy's Sustainability Framework and making recommendations on its approach to sustainability, also has a responsibility to raise climate-related risks and opportunities. [...] Climate-related risks and opportunities are integrated into Argosy's Risk Management Framework and Strategic Risk Register which are reviewed by the Audit and Risk Committee semi-annually. The Audit and Risk Committee makes recommendations to the Board in respect of the management of climate-related risks also semi-annually, and this includes informing the Board of climate-related risks through the Strategic Risk Register. [...] Strategy, reporting and monitoring in relation to climate-related risks and opportunities are also addressed in Argosy's Sustainability Framework, which is overseen by the Board's ESG Committee. Climate-related risks and opportunities raised by the ESG Committee are added to the Strategic Risk Register overseen by the Audit and Risk Committee in accordance with Argosy's Risk Management Framework. [...] Climate-related risks and opportunities are identified and assessed by Argosy's Risk Management Committee, which meets semi-annually and reports to the Board's Audit and Risk Committee. The Risk Management Committee comprises a representative cross-section of the Management Team including the CEO and Chief Financial Officer. The Risk Management Framework under which it operates has been updated to include a risk appetite and criteria for identifying and assessing climate-related risks arising from scenario analysis. [...] To identify climate-related risks, senior members of Argosy's Management Team held a workshop in February 2024 to discuss and identify climate-related risks and opportunities, based on analysis of the scenarios described below in this report. Argosy's Risk Management Committee subsequently analysed the climate scenarios below, identified and assessed climate-related risks, and updated Argosy's Strategic Risk Register with identified climate-related risks, which were approved by the Board on the recommendation of the Audit and Risk Committee. Climate-related risks will in future be reviewed at least semi-annually in accordance with Argosy's Risk Management framework along with other risks.