MESSAGE FROM ROB RAYNER, CHIEF EXECUTIVE OFFICER

Since the inception of RF Corval in 2009, our responsibility to act in the interests of all our stakeholders, including our investors, staff, tenants, and the broader community has always been core to the way we invest and operate.

As a private fund manager, we have not been overt about our achievements however we appreciate the importance of articulating to our stakeholders the positive impact of our environmental, social and governance (ESG) practices.

RF Corval is a signatory to the United Nations Principles for Responsible Investment (PRI) which formalises our commitments to incorporate ESG issues into our investment analysis and decision-making processes, as well as our asset ownership and reporting policies and practices.

Our vision is to have a positive impact on the assets we acquire and manage, and the communities where those assets are located, with the aim to achieve Carbon Neutral Certification for all our managed properties by 2030.

Delivering on this vision will ensure that our clients’ assets are resilient, and we can optimise environmental and investment outcomes.

To help deliver on our sustainability targets, RF Corval has engaged Northrop to provide specialised assistance on our ESG journey.  Northrop’s initial priorities have focused on:

• ESG Gap analysis
• Climate Change Adaption Plan across entire managed portfolio
• Updating internal Policies & Protocols to reflect current global best practice
• Assist in co-ordinating 2024 UN PRI and GRESB submissions

In addition to our sustainability initiatives RF Corval also strives to have a positive social impact.  We are proud of our diverse, inclusive workplace and our high staff retention rate.  We are also delighted to have recently partnered with Ronald McDonald House Charites to fund the refurbishment of one of the apartments used by visiting families.

We are proud of the work of the entire team at RF Corval work over the past year and we will continue these efforts as we strive to deliver strong ESG outcomes for all our stakeholders.  We believe that our approach to responsible investing will also be an important drive of strong investment outcomes for investors.

Rob Rayner

Chief Executive Officer