Region : Sustainability Committee Charter

About this update from Region Group

Sustainability Steering Committee Charter Region Adopted with effect from July 2024 Last Reviewed in July 2024     Sustainability Steering Committee Charter Contents   1. Introduction 3 2. Sustainability Steering Committee composition 3 3. Sustainability Steering Committee meetings 3 4. Board and Committees' roles and responsibilities matrix 3 5. Review 4 Sustainability Steering Committee Charter 1. Introduction This Charter sets out the responsibilities of the Sustainability Steering Committee of Region RE Limited as responsible entity for Region Management Trust and Region Retail Trust (" Region" ). 2. Sustainability Steering Committee composition (a) The Sustainability Steering Committee (" Committee" ) comprises of Region's Chief Operating Financial Officer and senior employees from across the business.. (b) Senior managers in the Committee are from People and Culture, Legal, Finance, Risk, Property, Strategic Partnerships & Delivery, Leasing, Developments, Brand and Marketing and Sustainability business 4. Board and Committees' roles and responsibilities matrix Board Approval of Region's Sustainability Policy,   Sustainability Budget and Sustainability   Report     Investment Recommend to the Board the approval of Committee significant sustainability capital   expenditure or commitments   Review management's climate risk   assessment for acquisitions     Audit, Risk Recommends to the Board the approval Management of Sustainability Policy and Sustainability and Report Compliance Approval of Region's Sustainability Committee Strategy ("ARMCC")   functions. 3. Sustainability Steering Committee meetings The Committee meets on a quarterly basis and at such times as the Committee Chair or any member of the Committee may request. A notice of each meeting must be forwarded to all Committee member prior to the date of the meeting. Minutes and resolutions of the Committee must be maintained and distributed to all Committee members. Sustainability Steering Committee Responsibilities include: developing and monitoring Region's Sustainability Strategy and supporting the communication and delivery of sustainability targets, including those related to climate change mitigation and adaptation; identify and respond to climate- related issues based on research, evaluation or climate resilience actions and any other scenario analysis; monitoring global climate trends including research & geopolitical trends and improving capacity & resourcing relating to climate risk; 3 | Sustainability Steering Committee Charter reviewing and making recommendations to the ARMCC on Region's Sustainability Policy; reviewing and making recommendations to the ARMCC on sustainability disclosures including Region's sustainability reporting, GRESB, ISSB,ASRS and other; reviewing significant sustainability expenditure or commitments; ensuring good governance while monitoring Region's environmental and social commitments including Climate, Nature, health & wellbeing, essentially local, diversity & inclusion, procurement and transparency & accountability; sponsoring working groups which will make recommendations to the Committee on the following: Climate: mitigating any adverse environmental effects while also reducing electricity costs and enhancing the climate resilience of our assets and physical and transition climate considerations including risks and opportunities; Nature: mitigating any adverse environmental effects while also reducing waste and water costs and enhancing the climate resilience of our assets; Essentially local: building relationships with residents, businesses and organisations to drive foot traffic; Health, Wellbeing and Safety: ensuring the well- being and safety of our employees, alongside offering appropriate avenues for skill development to boost productivity Diversity & Inclusion: obtaining diversity of though and establishing a sense of belonging, making employees feel more connected and productive Procurement: ensuring that our companies procurements does not adversely affect vulnerable individuals; Transparency & Accountability: ensuring transparency and accountability of our ESG performance 5. Review The Committee will conduct an annual review of its performance and effectiveness by reference to this Charter and current best practice. The Committee is to refer any recommended changes to this Charter for approval by the ARMCC. 4 |

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