MESSAGE FROM ROB RAYNER, CHIEF EXECUTIVE OFFICER

Corval is pleased to present its second Responsible Investment Statement providing an overview of the work being undertaken across the business to manage risk, enhance efficiencies and ultimately maximise investment outcomes.

In September 2022, Corval became a signatory to the Principles of Responsible Investing (PRI) which is supported by the United Nations and in place since 2006. This is consistent with Corval’s fiduciary responsibilities to investors and formalizes a number of important commitments.

This Statement is consistent with these commitments.

We are aiming to achieve carbon neutral certification on our managed portfolio by 2030. To guide this journey, we have put in place an ESG Framework that is our road map to achieving this target. In order to achieve this, over the course of the year, the team has embedded initiatives across the portfolio – a number of these are outlined in the Case Studies within this Statement and have attracted the attention of industry participants and stakeholders recognising the positive impact they are making. Initiatives, such as our partnership with Wattwatchers, are recognised as market leading and are the first step towards consolidating energy usage data for the industrial sub-sector that previously did not exist. The team will be able to use this data to work with our tenants to optimise and reduce energy usage going forward.

Environment, Social and Governance (ESG) has been regarded as very much business as usual over the course of Corval’s 16 year journey and historically we have not been overt around these achievements. However, we appreciate the importance of articulating to our investors and stakeholders the impact our business is contributing to delivering stronger ESG outcomes.

On behalf of the Corval Team, Board and Investment Committee, we hope this publication provides further insight into how we engage with stakeholders, manage risk and, in turn, deliver strong investment outcomes for our clients over the course of 2024-2025 and beyond.

Rob Rayner

Chief Executive Officer