TCFD Statement/Continued
Recommendation
Commentary
Strategy continued
Climate-related risk matrix:
5
7
3
4
5
6
1
8
2
3
4
2
Likelihood
2
3
4
5
Short-term 2020–2029
Medium-term 2030–2039
Long-term 2040–2049
1. Changes in market and occupier expectations and demand 2. Increased building standards/requirements 3. Financial market impacts
4. Decarbonisation and
8. Drought and water stress
increased energy demand/cost
5. Flooding (fluvial and pluvial) 6. Heat stress 7. Extreme weather events
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.
50
Picton Property Income Limited Annual Report 2023
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