Climate-Related Disclosures Report 2024

Radius Residential Care Limited
Climate-Related
Disclosures Report 2024

Contents
Welcome3
Statement of Compliance4
Governance
Board of Directors5
Management’s Role6
Governance Structure7
Strategy
Climate-Related Impacts8
Scenario Analysis10
Risks and Opportunities12
Progress Towards Transition Planning15
Risk Management
Risk Identification and Reporting16
Integration16
Metrics and Targets
Our Greenhouse Gas Emissions17
Boundary17
Our Progress18
Emission Intensity18
Vulnerabilities18
Capital Deployment18
Our Targets18
Appendix19
Disclaimer
This report contains forward-looking statements, including climate-related scenarios, metrics, targets, assumptions, forecasts, projections, statements of Radius Care’s future intentions, estimates and judgements
that may not evolve as predicted. These statements are based on current assumptions, expectations and estimates about Radius’s present and future strategies and Radius Care’s future operating environment and
are therefore inherently uncertain and subject to limitations and a number of risks, particularly as inputs, available data and information are likely to change.
Radius has used its best efforts to provide a reasonable basis for forward-looking statements and is committed to progressing our response to climate-related risks and opportunities over time but is constrained
by the novel and developing nature of this subject matter. We have based these statements on our current knowledge as at 26 July 2024. There are many factors that could cause Radius Care’s actual results,
performance or achievement of climate-related metrics (including targets) to differ materially from that described, including economic and technological viability, as well as climatic, government, consumer, and
market factors outside of Radius Care’s control.
Nothing in this report should be interpreted as capital growth, earnings or any other legal, financial, tax or other advice or guidance. To the maximum extent permitted by law, Radius Care and its subsidiaries,
directors, officers, employees, contractors and agents shall not be liable for any loss or damage arising in any way (including by way of negligence) from or in connection with any information provided or omitted.
Radius Residential Care, Climate-Related Disclosures Report 2024
2

Radius Care is pleased to release our inaugural climate-related disclosures in
accordance with the New Zealand Climate Standards
1
recently issued by the
Aotearoa New Zealand External Reporting Board (Standards).
At Radius, we are committed to integrating principles of sustainability and
climate-related risk assessment into our strategic decision-making processes
and broader risk management framework, in the same way we do for other
risks and opportunities facing our business. We understand the importance of
focusing our efforts on climate-related risks and opportunities now, for the sake
of our future growth, value creation, and mitigation of climate-related risk.
Acknowledging that Radius Care is still at the early stages of its sustainability
journey, we expect to improve the breadth and depth of our reporting over
future reporting periods. We remain flexible and ready to adapt our response
to climate-related risks and opportunities over the long term, as the nature of
climate change becomes clearer.
Radius Residential Care Limited is a climate-reporting entity under the Financial
Markets Conduct Act 2013. This report covers Radius Care’s sustainability
measures and performance with the aim of providing transparency and clarity
to its shareholders on climate-related risks and opportunities. The disclosures
cover the period from 1 April 2023 to 31 March 2024 and include Radius
Residential Care Limited and its subsidiaries.
This report is available on our website at www.radiuscare.co.nz/investor-centre.
Welcome to this Report
26 JULY 2024
Brien Cree
Executive Chair
Hamish Stevens
Chair of Audit and Risk Committee
1. The Aotearoa New Zealand Climate Standards comprise NZ CS 1, NZ CS 2 and NZ CS 3.
Radius Residential Care, Climate-Related Disclosures Report 2024
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Radius Care is a
climate-reporting entity
under the Financial Markets
Conduct Act 2013. These
climate-related disclosures
comply with the Aotearoa
New Zealand Climate
Standards (NZ CS 1, 2 and
3) issued by the External
Reporting Board.
In preparing Radius Care’s climate-
related disclosures for our first
reporting period, the Board and
Management have elected to use the
following Adoption Provisions in NZ
CS 2:
Statement of Compliance
Adoption Provision 1, which provides
an exemption in the first reporting
period from the requirements to
disclose the current climate-related
financial impacts of its physical and
transition impacts and (if relevant)
an explanation as to why quantitative
information cannot be disclosed.
Adoption Provision 2, which provides
an exemption in the first reporting
period from the requirements to
disclose its anticipated financial
impacts of climate-related risks
and opportunities, a description
of the time horizons over which
the anticipated financial impacts
of climate-related risks and
opportunities could reasonably be
expected to occur, and (if relevant) an
explanation as to why the quantitative
information cannot be disclosed.
Adoption Provision 3, which provides
an exemption in the first reporting
period from the requirement to
disclose the transition plan aspects of
its strategy, including how its business
model and strategy might change
to address it climate-related risks
and opportunities; and the extent
to which transition plan aspects of
reporting period.
Adoption Provision 4, which provides
an exemption in the first reporting
period from the requirement to
disclose its Scope 3 greenhouse
gas emissions.
Adoption Provision 5, which provides
an exemption from the requirement
to provide comparative information
relating to the immediately preceding
two reporting periods for each metric
disclosed in the current reporting
period. 2022 is Radius’s base year
and therefore it does not have any
comparative information for Scope
3 emissions which would enable it
to report and disclose for preceding
reporting periods.
Adoption Provision 6, which provides
an exemption in the first reporting
period from the requirement to
disclose comparative information
for the immediately preceding two
reporting periods for each metric
disclosed in the current reporting
period. 2022 is Radius’s base year
and therefore it does not have
comparative information for its
metrics.
Adoption Provision 7, which provides
an exemption in the first reporting
period from the requirement to
disclose an analysis of the main
trends evident from a comparison
of each metric from the previous
reporting period to the current
reporting period.
Radius Residential Care, Climate-Related Disclosures Report 2024
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Governance
Risk Management
Strategy

Governance
Board of Directors
Radius Care’s Board of Directors has
overall responsibility for all decision
making within Radius Care. The
Board approves strategy, establishes
policies, monitors management’s
performance and ensures Radius has
appropriate risk management policies
in place, including in relation to
climate risks and opportunities.
Audit & Risk Committee
The Audit and Risk Committee (ARC)
supports the Board by overseeing
the effective development and
implementation of a risk management
policy and framework. This includes
overseeing Radius’s risk profile
and management’s actions in
the identification, assessment,
management and reporting of
material risks.
The ARC is specifically responsible for
overseeing the annual climate-related
disclosures programme, making
any recommendations to the Board
for approval, and ensuring climate-
related risks and opportunities are
integrated into the enterprise risk
management framework.
Governance Process and Frequency
Management updates the ARC and Board in respect of standing material risks
every six months. On these occasions, the Board reviews the risk management
framework, including the company’s risk register, which contains various material
climate-related risks and opportunities. At any time where there is a material
increase in the severity of any risk or the identification of a new or emerging risk,
management will update the ARC and Board promptly.
Any major climate-related risk events or incidents of an urgent nature are reported
to the Board immediately.
The ARC conducts an annual review of the Company’s risk management
framework and policy (which includes climate-related risks and opportunities).
Radius Care has undertaken a process for preparing this climate-related
disclosures report, with the support of external providers. This process focused on
identifying key climate-related risks and opportunities, and the impact which these
may have on Radius Care, over the short, medium and long-term. This has led to
the development of responses to deal with these risks, and the potential scenarios
that may arise in the years ahead.
While not required in the first reporting year, Radius Care will endeavour to further
enhance our climate-related reporting by developing policies, procedures, metrics,
and targets in the succeeding reporting years.
Board Skillset
The Board annually reviews the skillset of its individual members to ensure that
there are adequate and appropriate skills and competencies to provide oversight
of all relevant skills, including climate-related skills. A director skills matrix is used
to complete this review, which includes an assessment of each individual director’s
environmental and sustainability capabilities. A summary of the Board skills matrix
is available on page 7 of Radius Care’s 2024 Corporate Governance Statement.
In addition, the Board and ARC seeks professional advice on
climate-related matters to supplement the expertise of Board members and
management as needed.
Radius Residential Care, Climate-Related Disclosures Report 2024
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Governance

Integration of Climate Change
Risks and Opportunities into
Strategy
Radius Care acknowledges the
impact of climate-related risks in New
Zealand and within the industry which
we operate.
Sustainability is integrated into our
strategic decision-making process,
with a focus on ensuring property
development and refurbishment
works are undertaken to future-proof
Radius Care’s assets against known
and anticipated climate-related issues.
Our care homes and villages are
beginning to review and understand
their local climate-related risks
and opportunities and are actively
developing and embedding strategies
and mitigants into their operations.
For example, facilities are prioritising
a reduction in waste to landfill.
Monitoring Progress
Against Targets
Radius Care is currently in the
early stages of developing
appropriate metrics and targets for
managing its climate-related risks
and opportunities. These will be
further developed in the upcoming
financial year, along with a process
for monitoring progress against
these targets.
At this stage, climate-related or
sustainability performance metrics or
targets are not yet incorporated into
Radius Care’s short-term incentive
or long-term incentive remuneration
schemes. However, Radius Care
may consider incorporating these
in the future as its sustainability
journey progresses.
Management’s Role
Radius Care’s Senior Leadership Team
(S LT) is responsible for designing,
implementing and monitoring
the risk management framework.
This includes identifying risks,
providing necessary resources to
support effective risk management,
monitoring the Company’s risk profile,
and ensuring effective controls are
in place to mitigate risks within
each senior leader’s responsible
business unit.
The SLT is assigned responsibilities
of all risks (including climate-
related risks) through the risk
management policy.
The CEO and CFO are regularly
invited to attend Audit and Risk
Committee meetings, where they
engage with the Committee members
on material risks and regularly report
on the risk framework, including
reporting to the ARC on climate-
related risks and opportunities at
least annually.
Management is informed
about, makes decisions on and
monitors climate-related risks and
opportunities through:
• Bi-monthly review of the risk
register, which includes any
material risk that affects the
Company (including climate-
related risks) at SLT meetings;
• Consideration of climate-related
risks and opportunities at SLT
strategy workshops;
• Regular meetings with the
Compliance and Risk Manager
(who is responsible for
sustainability initiatives) to
ascertain any emerging risks and
opportunities;
• Reports from the Sustainability
Committee.
The Sustainability
Committee
The Sustainability Committee
comprises a cross-section of
the organisation and meets
regularly to discuss the company’s
sustainability practices, strategies
and sector-related environmental and
sustainability matters.
Individual staff members are also
responsible for understanding and
managing the risks in their area
of operation.
A climate risk working group was
established in 2023 comprising SLT
and other senior business leaders to
identify key climate-related risks and
opportunities along with the current
and expected impact on the business.
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Governance

The Sustainability
Committee
Comprises a cross-section
of the organisation with
a purpose to develop
sustainable initiatives that
can be used company-
wide to promote an
environmentally and
socially responsible
company.
The CEO is
responsible for instilling
a culture that aligns
with Radius Care’s values.
The Board
The Board has overall
responsibility for
all decision making,
approving strategy and
overseeing performance
of Radius Care.
Governance Structure
Audit and Risk
Committee
Supports the Board
by overseeing the risk
management framework
(including climate-related
risks and opportunities)
and the climate-related
disclosures programme.
Executive
Management
Responsible for all
enterprise risks (including
climate-related risks),
ensuring effective controls
are in place within each
business unit and delivering
strategic direction
approved by the Board.
Radius Residential Care, Climate-Related Disclosures Report 2024
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Governance
7
Radius Residential Care, Climate-Related Disclosures Report 2024

Strategy
Current Climate-Related Impacts
In recent years, New Zealand experienced two severe weather events which
resulted in widespread damage. The Auckland floods in January 2023 were
sudden and resulted in 307mm of rain over four days, equivalent to half a year’s
rainfall. This impacted significantly on local infrastructure resulting in closed
roads, damaged properties and inundation of water infrastructure which was
not able to cope with the volume of water.
This was closely followed by Cyclone Gabrielle which impacted eastern and
coastal regions of the North Island with many of the same impacts affecting
local residents. While Radius Care’s care homes and villages were largely
undamaged by these events, our staff were impacted through their ability to
travel to and from care homes given the damage to local roading infrastructure.
Some care homes also lost electricity for a short period of time and lost
communication capability as some cell phone towers were offline. Support
teams were quickly established during both weather events and plans were
promptly put in place to supply emergency provisions, fuel and generators to
care homes that needed support.
Overall, Radius Care has not been significantly impacted by climate-related
events. This is partly due to the geographic spread of our care homes and
villages across New Zealand situated away from coastal areas and waterways.
While we have not been significantly impacted, these events have served as a
timely reminder of the severity of impacts these events can cause and the need
to be appropriately prepared.
Radius Residential Care, Climate-Related Disclosures Report 2024
8

Scenario Analysis
Our Approach to Scenario
Analysis
In 2023, Radius Care undertook
its inaugural, standalone scenario
analysis across three different climate
scenarios to help identify our climate-
related risks and opportunities and
to better understand the resilience of
our business model and strategy.
Radius Care was a participant in the
health sector working group led by
Te Whatu Ora and a collective group
of health sector stakeholders within
New Zealand who collaborated to
develop a specific set of climate
change scenarios. The project drew
on insights from public agencies,
private sector entities, research
institutes and academia, with Tonkin
+ Taylor facilitating the process. We
then worked with our own external
experts through a series of workshops
to further develop the company’s own
scenarios relevant to our organisation.
The three scenarios analysed were
1.1°C (being the baseline scenario), a
1.5°C scenario and a 3.0°C scenario
(all being relative to pre-industrial
levels). These were created to enable
the identification of climate-related
physical and transition risks and
opportunities that might plausibly
emerge between 2023 and 2050.
With the support of our external
facilitator, we analysed our
organisation’s climate-related impacts
and risks and assessed these against
the three climate scenarios – Baseline,
Orderly, and Hothouse World
(described in further detail on page
10).
The risk assessment process focused
on both physical and transitional
climate-related risks. Physical risks
were adapted from the Ministry
for the Environment’s Arotakenga
Huringa huarangi: A Framework
for the National Climate Change
Risk Assessment for Aotearoa New
Zealand. The list was supplemented
with transitional risks adapted from
both XRB and TCFD guidance.
The risk assessment process had
three stages:
1. An initial risk screening of a
master list of over 30 risks and
opportunities;
2. A baseline risk assessment
representing 1.1°C of global
warming above pre-industrial
levels;
3. A scenario risk assessment of two
further scenarios representing
1.5°C and 3.0°C of global warming
above pre-industrial levels.
The process involved interviews with
members of the senior leadership
team as well as subject matter
experts, representing different
functions and locations of the
business, and consideration of how
Radius Care’s operations, residents
and employees may be affected under
each scenario. The most prominent
climate risks and opportunities
relevant to Radius were explored and
assessed at a series of workshops.
The scenario analysis forms part of
Radius’s climate risk and opportunity
assessment, which in turn is used to
inform Radius Care’s strategy.
Radius Residential Care, Climate-Related Disclosures Report 2024
9

Description of Scenarios
The three climate scenarios adopted are summarised as followed:
Hothouse
3.0°C
Baseline
1.1°C
Orderly
1.5°C
This is our baseline assessment of
current policy settings and impacts
of 1.1°C of global warming based on
our current assessment of physical
and transitional risks. This scenario
assumes an orderly and immediate
transition to a low emission economy
and the impact of these actions
limits increases to global warming to
current levels.
Under this future scenario, there is a
global focus on decarbonising, and
the delayed transition (i.e. beyond
2030) means that transitional impacts
are moderate to high, depending on
the timing of regulatory and legal
interventions. Physical risks are
limited as global warming is slowed.
The financial impacts are seen as low
to moderate, and both consumer
sentiment and macro-economic
conditions are uncertain.
This scenario is the hothouse world.
In this scenario, physical impacts are
the most severe, as is the financial
impact of supply chain disruptions.
Transitional impacts are limited as
regulation is either not developed or
severely delayed. In this scenario, the
global focus on decarbonising and
limited global warming is ineffective,
resulting in a hothouse 3.0°C future.
Radius Residential Care, Climate-Related Disclosures Report 2024
10

9
Extreme Rainfall
2

Days
(per annum)
+11
Extreme Rainfall
2

Days
(per annum)
+>11
Extreme Rainfall
2

Days
(per annum)
16
Extreme Heat (>25°C)
Days
(per annum)
+15
Extreme Heat (>25°C)
Days
(per annum)
+30
Extreme Heat (>25°C)
Days
(per annum)
0.2m
Sea Level Rises
0.2m
Sea Level Rises
0.32m
Sea Level Rises
$65 NZD
Carbon Price
$277 NZD
Carbon Price
$35 NZD
Carbon Price
NZ - 2.8%
Global - 0.8%
Population
Increases
87%
Renewable
Energy
NZ - 16%
Global - 7%
Population
Increases
100%
Renewable Energy
by 2030
NZ - 26%
Global - 8%
Population
Increases
>90%

Renewable
Energy by 2030
Baseline 1.1°COrderly 1.5°CHothouse 3.0°C
Scenario Overviews
Using a combination of
scenarios is intended
to add resilience to the
risk assessment process
and resultant strategy,
preparing Radius Care for
inevitable uncertainty in
the short to medium-term.
Environmental
Policy
Social
Technology
2. Extreme Rainfall is based on data derived from Stats NZ which averages rainfall data from 30 sites across New Zealand.
Radius Residential Care, Climate-Related Disclosures Report 2024
11

Time Horizons
Short term is considered a one to ten
year timeframe, medium term is from
ten to thirty years, and long term is
anything over thirty years. These time
horizons are of particular relevance
when we are assessing the strategic
development of our assets and our
strategic growth plans.
Risks and Opportunities
As part of the scenario analysis
process, Radius Care undertook
its first climate-related risk and
opportunity assessment with
reference to the established climate-
related scenarios.
The table on pages 13-14 sets out
a summary of Radius Care’s key
climate-related risks that were
identified against our three selected
scenarios, with all risks affecting all
locations of our operations (from
Northland to Invercargill). There were
no material opportunities identified in
the analysis undertaken.
The potential impact of each climate
risk has been determined based on
Radius Care’s internal qualitative and
quantitative risk assessment process,
using our existing risk management
framework, which considers risks
based on the likelihood of occurrence
and the potential consequences to
the business. The process will be
repeated on an annual basis to ensure
the resulting risks, opportunities,
and management responses remain
relevant. An annual review of climate-
related risks will build resilience into
our response to climate change.
Other risks and opportunities that did
not meet the materiality threshold
have not been disclosed, but all
identified risks will continue to be
monitored to assess any change in
materiality, with our future disclosures
to be adjusted to reflect any changes.
Radius Residential Care, Climate-Related Disclosures Report 2024
12

RiskType/Time HorizonBaseline
1.1°C
Orderly
1.5°C
Hothouse
3.0°C
Controls/
Mitigations
Higher mean
temperatures - air
and water
Type: Physical
Time Horizon: Mid
- long term
Medium Risk
Increase in heat related impacts to health and wellbeing
of residents, employees and contractors, including loss of
productivity.
Increased cooling needs (retrofit/upgrades) with higher energy
consumption and operational costs.
High Risk
Increase in heat related impacts
to health and wellbeing of
residents, employees and
contractors, including loss of
productivity.
Increased cooling needs
(retrofit/upgrades) with higher
energy consumption and
operational costs.
We are actively reviewing
Heating Ventilation and
Air Conditioning (HVAC)
options at care homes and
retirement villages to ensure
the health and wellbeing of
residents, employees and
contractors as needed.
Heatwaves:
increasing
persistence,
frequency and
magnitude
Type: Physical
Time Horizon: Mid
- long term
Medium Risk
Increased peak capacity and need for HVAC within care homes and
retirement villages.
Regulations introduced regarding HVAC requirements within care
homes.
High Risk
Increased peak capacity and
need for HVAC within care
homes and retirement villages.
Regulations introduced
regarding HVAC requirements
within care homes.
We are actively reviewing HVAC
options at care homes and
retirement villages to ensure
the health and wellbeing of
residents, employees and
contractors as needed.
Increased
storminess and
extreme winds
Type: Physical
Time Horizon: Mid
- long term
Medium Risk
Potential delays and disruption to supply chains similar to those
experienced during the Auckland floods and Cyclone Gabrielle.
Increased damage to buildings and properties susceptible to
extreme storms and wind such as roofs, gardens and outdoor
furniture.
Reduced communications and/or power outages during extreme
weather events.
High Risk
Potential delays and disruption
to supply chains similar to
those experienced during the
Auckland floods and Cyclone
Gabrielle.
Increased damage to buildings
and properties susceptible to
extreme storms and wind such
as roofs, gardens and outdoor
furniture.
Reduced communications
and/or power outages during
extreme weather events.
Processes and procedures are
in place to ensure the safety
and wellbeing of employees
and residents during extreme
weather events and mitigations
in place to minimise the impact
of supply chain disruptions.
Back up communication
devices such as Star Link and
access to generators during
prolonged outages are being
rolled out with a focus on rural
and isolated care homes.
Climate-Related Risks
Radius Residential Care, Climate-Related Disclosures Report 2024
13

RiskType/Time HorizonBaseline
1.1°C
Orderly
1.5°C
Hothouse
3.0°C
Controls/Mitigations
Increasing coastal
erosion - cliffs and
beaches
Increasing
landslides and
soil erosion
Type: Physical
Time Horizon: Mid
- long term
Medium Risk
Potential delays and disruption to supply chains similar to those
experienced during the Auckland floods and Cyclone Gabrielle.
Reduced ability of employees to travel to and from care homes
for work where local roading networks have been impacted by
these events.
High Risk
Potential delays and disruption
to supply chains similar to
those experienced during the
Auckland floods and Cyclone
Gabrielle.
Reduced ability of employees to
travel to and from care homes
for work where local roading
networks have been impacted
by these events.
Processes and procedures are
in place to ensure the safety
and wellbeing of employees
and residents during extreme
weather events and mitigations
in place to minimise the impact
of supply chain disruptions.
Back up communication
devices such as Starlink and
access to generators during
prolonged outages are being
rolled out with a focus on rural
and isolated care homes.
InsuranceType: Transitional
Time Horizon: Mid
- long term
Low Risk
Insurance providers becoming
more risk focused with
increased need to mitigate risks
in order to maintain insurance
coverage.
Medium Risk
Insurance providers becoming
more risk focused with
increased need to mitigate risks
in order to maintain insurance
coverage.
High Risk
Insurance providers becoming
more risk focused with
increased need to mitigate risks
in order to maintain insurance
coverage.
Risk mitigations are assessed
and undertaken as needed to
maintain an appropriate level of
insurance cover across our care
homes and retirement villages.
Increased and
new illnesses and
diseases
Type: Transitional
Time Horizon: Mid
- long term
Low Risk
New illnesses and diseases as
a result of increasing climate
impacts (mainly from overseas).
Medium Risk
New illnesses and diseases as
a result of increasing climate
impacts (mainly from overseas).
High Risk
New illnesses and diseases as
a result of increasing climate
impacts (mainly from overseas).
Robust procedures were
developed throughout
COVID-19 to mitigate the
spread of illnesses and diseases
within care homes.
The above climate-related risks will (where relevant) be incorporated into
Radius’s internal capital deployment and funding decision-making processes
when making decisions on the use of development and refurbishment capital.
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14

Progress Towards Transition Planning
Designing and Building
for Climate Resilience
Radius Care is considering climate impacts in our developments, aiming to design
and build with an awareness of a hotter world. This proactive approach is aimed
at incorporating sustainable building practices in order to adapt to future climate
conditions.
Transitioning Company
Vehicles to EVs
Radius Care plans to transition company vehicles towards electric vehicles (EVs). This
move supports reducing our carbon footprint and aligns with the global shift towards
cleaner transportation.
Reducing Waste to
Landfill
We are working on reducing the amount of waste our care homes produce that ends
up in landfill sites. This initiative contributes to minimising our environmental impact
and promoting sustainable waste management practices.
Radius acknowledges that additional
initiatives will be developed as we
build out our strategy and transition
plan over the coming years, and as we
adapt to a low-emissions and more
climate-resilient future.
In the next reporting period,
Radius intends to disclose a more
comprehensive transition plan, further
integrating climate considerations
into our business strategy
and operations.
Radius has elected to use Adoption
Provision 3: Transition Planning,
however a description of our progress
towards developing the transition
plan aspects of our strategy follows.
Radius acknowledges the need to
respond and adapt to the impacts
of climate change. We recognise
that our current business model
and strategy will require further
adjustments with a heightened
focus on climate-related risks. Our
current key transition initiatives and
commitments include:
Radius Residential Care, Climate-Related Disclosures Report 2024
15

Risk
Management
Identifying, Assessing
and Managing Climate-
Related Risks
During 2023, Radius Care’s approach
to identifying and assessing climate-
related risk involved a standalone
analysis of systematically identifying
climate-related risks, assessing the
potential short, medium and long
term impacts of these risks on
different aspects of the business,
determining the risk ratings (low,
medium or high) and developing
strategies to mitigate identified risks
and capitalise on opportunities.
These are then monitored to ensure
mitigation strategies remain effective,
adapting where necessary to
changing conditions.
Our general risk assessment
framework was used to determine risk
ratings and to allow us to compare
climate-related risks against other
types of risks.
Radius’s climate-related risks are
regularly reviewed and incorporated
into the risk management register.
This approach facilitates the inclusion
of climate-related risks into our
existing risk management and
governance frameworks.
Integration into Overall
Risk Management Process
Management regularly monitor and
review material risks including those
that are climate-related.
Day-to-day management of climate-
related risks and opportunities sits
with the SLT. The ARC undertakes a
deep dive on risks (including climate-
related) on an annual basis.
Expectations are set across the
organisation around risk, with
functional leads responsible for
mitigation and monitoring of risks
relevant to their business unit.
Radius Residential Care, Climate-Related Disclosures Report 2024
16

Metrics and
Targets
Our Greenhouse Gas
Emissions
Radius Care has developed a carbon
inventory over the last three years,
with the base year being 2022. This
focused on identifying Scope 1, 2
and 3 emissions across Radius Care
operations. Data has been prepared
using volume-based information
sourced from relevant suppliers,
company records and spend base
data. Emission factors have been
sourced using external sources which
are generally accepted as appropriate
within a New Zealand context.
Radius Care’s emissions reporting
is prepared with guidance from and
in accordance with the Greenhouse
Gas Protocol using the operational
control approach.
Independent assurance of Radius Care’s
disclosure of GHG emissions has not
been obtained in this first reporting
year, however this will be obtained in
the succeeding reporting year.
Boundary
The scope of our emissions inventory includes all activities within the
operational boundary of our parent company, Radius Residential Care Limited,
and its eight subsidiaries, and includes its 23 care homes and four retirement
villages
3
as well as its corporate support office and Radius shop operation
(fully online and remotely operated directly through goods suppliers).
A summary of Radius Care’s Greenhouse Gas emissions for FY22 to FY24 is
set out below.
0
5k
10k
15k
FY22FY23FY24
tCO
2
e Emissions
Scope 1
Scope 2
Scope 3
15,869
16,765
14,992
3. The electricity consumed by independent living residents within Radius Care’s four retirement villages has been excluded from our calculation on the basis of
not having sufficient information however this has been deemed to be immaterial from the overall profile of Radius’s emissions.
Scope 1 Emissions
This covers the emissions that a
company makes directly — for
example the use of LPG, natural
gas, and other fuel types for heating
and cooking within our care homes
and villages.
Scope 2 Emissions
These are the emissions a company
makes indirectly — such as the
electricity or energy that we
consume when operating our care
homes and villages.
Scope 3 Emissions
This category covers all emissions indirectly
caused by the company across its supply
chain, including from purchasing products and
customers’ product use. Scope 3 emissions
usually make up the largest part of a company’s
carbon footprint.
A more detailed breakdown of Scope 1, 2 and 3 emissions is shown in the
Appendix to this report.
Radius Residential Care, Climate-Related Disclosures Report 2024
17

Our Progress
Since FY22, Radius Care has made progress in reducing it’s carbon footprint.
As at 31 March 2024, our total carbon footprint has reduced by 4.5% since FY22
and our overall carbon intensity has dropped by 26.5%. This is largely as a result
of New Zealand’s increased reliance on renewable energy sources for electricity
generation which has reduced the emissions factor in FY23 and FY24.
Emissions Intensity
On an intensity basis, the primary emissions measured by the company and
forming the basis of the reduction targets uses total Co
2
emissions per $1m of
total revenue.
The company does not use an internal emissions price.
0
20
40
60
80
100
120
FY22FY23FY24
Vulnerability to Physical,
Transitional and Climate-
Related Risks and
Opportunities
The company has considered the
vulnerability of business activities
to transition risks, physical risks and
climate-related opportunities. To a
varying degree, all of the company’s
activities are vulnerable to these risks
and opportunities. However, the risks
and opportunities vary for each care
home and village.
Capital Deployment
During the 2024 financial year, Radius
Care invested $145,000 of capital
relating to climate-related risks,
focusing on improving heating and
HVAC capabilities at facilities, lighting
upgrades to low usage LED bulbs and
double-glazing windows. Radius Care
also incurred $45,000 of asset related
damage following the Auckland
floods and Cyclone Gabrielle, which
was largely recovered under our
insurance policy.
Emissions Intensity
Our Targets from a
Baseline Year of FY22
• No increase of Scope 1 and 2
emissions intensity year-on-year.
• Implementation of carbon-
efficient heating across all care
homes by 2030.
The company’s targets have not
been confirmed as being in line
with limiting global warming to
1.5 degrees Celsius.
119
115
88
Radius Residential Care, Climate-Related Disclosures Report 2024
18

Appendix
ScopeCategory name
FY22 emissions
(tCO
2
e)
FY23 emissions
(tCO
2
e)
FY24 emissions
(tCO
2
e)
Scope 1
Stationary combustion 1,591 1,531 1,611
Scope 1 1,591 1,531 1,611

Scope 2
Electricity consumption 918 566 614
Scope 2 918 566 614
Scope 3
Purchased goods and services 8,003 8,755 8,786
Capital goods 2,030 2,940 967
Fuel and energy related activities 623 483 514
Waste generated in operations 320 234 195
Business travel
93
153 149
Employee commuting
2,291 2,104
2,155
Scope 3
13,360
14,669
12,766
Radius Care Scope 1, 2 and 3
Radius Residential Care, Climate-Related Disclosures Report 2024
19

Radius Residential Care
Level 4, 56 Parnell Road, Parnell, Auckland
www.radiuscare.co.nz