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TCFD Statement / Continued
Recommendation Strategy / Continued
Commentary
Climate-related risk matrix
5
7
3
4
5
6
1
8
2
3
4
2
Likelihood
2
3
4
5
Medium-term 2030–2039
Short-term 2020–2029
Long-term >2040
1. Changes in market and occupier expectations and demand 2. Increased building standards/ requirements 3. Financial market impacts
4. Decarbonisation and increased energy demand/cost 5. Flooding (fluvial and pluvial) 6. Heat stress 7. Extreme weather events
8. Drought and water stress
Additionally, we have identified opportunities that we can leverage to deliver outstanding climate-related performance to our occupiers. These include investment into low-carbon technologies and climate adaptation measures to achieve our net zero carbon ambitions, secure premium occupiers, enhance asset values, enhance our reputation and future-proof our business.
Picton Property Income Limited / Annual Report 2024 50
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