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Climate-Related Disclosures Report 2025

ESG17 July 2025RADHealthcare

Radius Residential Care Limited
Climate-Related

Disclosures Report 2025

Contents
Welcome3

Statement of Compliance4

Governance

Board of Directors5

Management’s Role6

Governance Structure7

Strategy

Climate-Related Impacts8

Scenario Analysis8

Risks and Opportunities11

Financial Impacts 14

Transition Plan15

Progress Towards Transition Planning16

Risk Management

Identification and Management17

Integration Process17

Metrics and Targets

Our Greenhouse Gas Emissions19

Boundary19

Our Progress20

Emission Intensity20

Vulnerabilities20

Capital Deployment20

Our Targets20

Appendix21

Independent Assurance Report27

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 Care’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 Care 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 developing nature of this subject matter. We have based these statements on our current knowledge as at 18 July 2025. 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 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 2025

2

Radius Care provides health services for the elderly, including the provision of hospital, dementia
and rest home residential care, in-home care, and catering services, along with development and

operation of integrated retirement villages in New Zealand.

We are pleased to release our second climate-related disclosures in accordance with the New

Zealand Climate Standards

1

issued by the Aotearoa New Zealand External Reporting Board

(Standards).

At Radius Care, 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.

As acknowledged in our inaugural climate-related disclosures report, Radius Care will continue to

enhance the breadth and depth of its reporting. We also remain flexible and ready to adapt our

response to climate-related risks and opportunities over the long term, as the nature and impact of

climate change become 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 2024 to 31 March 2025 (FY25) 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

18 JULY 2025

Brien Cree

Founder & 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 2025

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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 second

reporting period, the Board and

Management have elected to use

the following Adoption Provisions

in NZ CS 2:

Statement of Compliance

Adoption Provision 2, which

provides an exemption in the

second reporting period from the

requirements to disclose 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 6, which provides

an exemption in the second reporting

period from the requirement to

disclose comparative information

for the immediately preceding two

reporting periods and allows for the

provision of one year of comparative

information for each metric

disclosed. Radius Care has disclosed

comparative data for the preceding

period, 1 April 2023 to 31 March

2024 (FY24).

Adoption Provision 7, which provides

an exemption in the second 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.

Adoption Provision 8, which

provides an exemption for entities

with an accounting period ending

before 31 December 2025 from the

requirements to include Scope 3

GHG emissions in the scope of the

assurance engagement.

Radius Residential Care, Climate-Related Disclosures Report 2025

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Governance
Board of Directors

Radius Care’s Board of Directors has

overall responsibility for all decision

making within Radius Care. The

Board is responsible for ensuring

that key business risks are identified

and that appropriate controls,

processes, and responses are in place

to effectively identify and manage

any potential and material risks. The

Board approves strategy, establishes

policies, monitors Management’s

performance and ensures Radius

Care has appropriate policies in

place, including policies 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 policies. This

includes overseeing Radius Care’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.

Radius Care endeavours to further enhance our climate-related reporting

by developing policies, procedures, metrics, and targets in the future

reporting periods.

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 2025 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 2025

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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 have

reviewed their local climate-related

risks and opportunities. They are also

actively developing and embedding

strategies and mitigations into their

operations.

For example, care homes are

prioritising a reduction in

waste to landfill.

Monitoring Progress Against

Targets

Radius Care is 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. This

process, for example, may include the

incorporation of these targets into

our existing reporting processes.

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 ARC 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:

• Periodic 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.


Radius Residential Care, Climate-Related Disclosures Report 2025

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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.

7

Governance

Radius Residential Care, Climate-Related Disclosures Report 2025

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Strategy
Current Climate-Related

Impacts

To date, 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 which are situated away

from coastal areas and waterways.

While we have not been significantly

impacted by climate related events,

Management closely monitors

possible scenarios that may have

a direct, or indirect, impact on our

care homes and village operations.

Management also has processes

in place that can be implemented

establish support teams who

can promptly supply emergency

provisions, fuel and generators to

care homes and villages that are in

need of support.

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 has continued to use

this scenario analysis in this reporting

period (FY25).

An examination of the value chain

was performed which covered all

care homes, villages and relevant

business segments which support the

delivery of care and are deemed to

be important and material to Radius

Care. The climate risk assessment

was predominantly limited to New

Zealand and focused on the location,

logistics and health impacts expected

to be encountered. Transitional

risks considered the broader supply

chain in the context of aged care

government policies, and resident

needs which may impact significantly

on Radius Care.

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 through to the end of the

century). 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 9).

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 Āhuarangi: 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.

Radius Residential Care, Climate-Related Disclosures Report 2025

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The process involved interviews
with members of the SLT 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

Care were explored and assessed

at a series of workshops.

Description of Scenarios

Radius Care has adopted a

range of scenarios which offer

a very optimistic, optimistic and

pessimistic view on plausible

futures. Using these scenarios

provides Radius Care with a

current view of resilience having

captured recent experiences

and impacts from a changing

climate. The pessimistic future

view provides Radius Care

with a scenario, that when

included in developing future

strategy, will help to create a

resilient approach. The three

climate scenarios adopted are

summarised as follows:

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 warming based on our

current assessment of physical and

transitional risks as they relate to a

New Zealand context. 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 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 warming in a New Zealand context

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

focus on decarbonising and limited

warming is ineffective, resulting in a

hothouse 3.0°C future.

Key Assumptions

There is global adoption of strong and effective climate policies and existing

policy settings are ratcheted to meet more stringent targets.

There is a global shift to wind, solar and geothermal energy and a rapid

deployment of distributed energy generation, storage and load management.

There is widespread and rapid adoption of electric transportation and

decarbonisation technologies.

Seasonal climate patterns change leading to increases in storm intensity and

river flooding.

Seasonal climate patterns change leading to increases in drought severity, and

fire weather.

Socio-political instability is low.

Increased focus and reliance on carbon capture, storage and sequestration.

Key Assumptions

Current policy settings remain largely

unchanged.

There is no significant shift towards

wind, solar and geothermal energy

or rapid deployment of distributed

energy generation, storage or load

management.

There is little to no adoption

of electric transportation or

decarbonisation technologies.

Seasonal climate patterns change-

leading to extremes in storm intensity

and river flooding.

Seasonal climate patterns change-

leading to extremes in drought

severity, and fire weather.

Socio-political instability is high.

Little to no reliance on carbon

capture, storage and sequestration.

Radius Residential Care, Climate-Related Disclosures Report 2025

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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 strategic

decisions, preparing

Radius Care for inevitable

uncertainty in the short to

medium-term.

Sources of data include

but are not limited to:

Intergovernmental Panel

on Climate Change, NIWA,

Network for Greening

the Financial System,

International Energy

Agency and Climate

Change Commission,

Ministry for the

Environment and Stats NZ.

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 2025

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Time Horizons
Short term is considered a one to ten

year time frame, 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 12-13 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.

These climate-related physical and

transition risks might plausibly

emerge between 2023 and 2050.

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 2025

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RiskType/Time HorizonBaseline
1.1°C

Orderly

1.5°C

Hothouse

3.0°C

Controls/

Mitigations

Higher mean

temperatures - air

and seawater

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.

There was no material financial impact in FY25 in relation to this

risk.

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) systems

at care homes and retirement

villages to ensure the health

and wellbeing of residents,

employees and contractors.

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.

There was no material financial impact in FY25 in relation to this

risk.

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.

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.

There was no material financial impact in FY25 in relation to this

risk.

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 Starlink 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 2025

12

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.

There was no material financial impact in FY25 in relation to this risk.

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.

There was no material financial

impact in FY25 in relation to

this risk.

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 new

illnesses and/or

diseases

Type: Transitional

Time Horizon: Mid

- long term

Low Risk

New illnesses and/or diseases

resulting from climate related

impacts which have the

potential to increase the risk of

illness to our residents and staff,

increase care requirements and

disrupt our supply chain.

There was no material financial

impact in FY25 in relation to

this risk.

Medium Risk

New illnesses and/or diseases

resulting from climate related

impacts which have the

potential to increase the risk of

illness to our residents and staff,

increase care requirements and

disrupt our supply chain.

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

Care’s internal capital deployment and funding decision-making processes when

making decisions on the use of development and refurbishment capital.

Radius Residential Care, Climate-Related Disclosures Report 2025

13

Financial Impacts
Radius Care has assessed that there

are no material current financial

impacts in relation to any climate-

related risks disclosed in the previous

table. In assessing and quantifying the

current financial impacts attributable

to climate change, Management

considered what components can be

attributed directly to climate-related

risks or opportunities, and is therefore

not related to operational decisions

or challenges. This assessment can

be difficult and is often judgement-

based.

Radius Care is working to improve

the tracking of these costs and the

development of an internal climate

risk methodology, to enable easier

reporting for years where climate-

risks do have a material impact on

operations. Before climate-related

disclosures were required, Radius

Care experienced impacts that

could have been attributed partially

to climate risks. Management is

using these impacts to support

the formation of the financial

impact methodology. Examples

of the impacts include one off

costs following significant weather

events and replacement/repair

costs for some assets affected

during these events.

Radius Care has elected not to

disclose the anticipated financial

impacts in relation to the physical and

transition risks identified. However,

Management is commencing work

on developing systems and models

that allow for this to be carried out in

future financial periods. It is important

to note that there is currently no

prescribed methodology available

for this. At a high level, Radius Care

will assess the anticipated financial

impact of an event based on two key

considerations:

1. Financial magnitude of event,

in terms of maximum potential

financial impact; and

2. Probability of event occurring on

an annual basis.

The potential financial impact of a

risk materialising is based on first

looking at actual historical data from

an event occurring and then adjusting

for any mitigations or business model

changes that would make the data

no longer representative of that risk.

Where a risk event has not occurred

previously, the financial cost has

been calculated by looking at the

impact of the event and the financial

impact of repair against remediation.

Where there is no ability to determine

specific cost or financial impact due

to the range of variables, an estimate

range has been used to ensure each

risk is considered appropriately. This

is a pragmatic and efficient approach

to quantification of financial risk and

allows for focus on risks that are more

significant.

Probability is the second key

consideration in calculating

anticipated financial impact. Where

possible, as an initial step, specific

data would be utilised to support

this, however it is often not possible

to obtain a specific probability. The

following step is to look at frequency

of event over the past decade and

consider whether this is likely to

continue at the same rate or increase

under the different climate scenarios.

Again, research can provide some

guidance, but specific probabilities

are inherently difficult to determine

with precision. Lastly, in assessing

probability, Management will discuss

with relevant key stakeholders who

have experience in the areas of risks

to look at the possible occurrence

over the next 30 years, this is then

converted into an annual probability

estimate. The finalisation of this

internal methodology to quantify

climate risks, will be a key focus in

future reporting periods. As with any

methodology that relies on historical

data and significant judgements in

relation to the future, the expectation

is that the anticipated financial

impact disclosure would be disclosed

as a financial range, and would be

caveated with the limitations that are

inherent with judgments being made.

Radius Residential Care, Climate-Related Disclosures Report 2025

14

Transition Plan
The identified climate-related risks and opportunities have been

integrated into broader business planning and capital allocation

decisions, to ensure that Radius Care is taking proactive steps

towards transitioning to a lower carbon future and to mitigate

potential risks to the business. Management’s current response

to the identified risks and opportunities does not differ

significantly under the various climate-related scenarios. An

assessment is made to determine any available options to help

mitigate the risk, the feasibility/availability of the technology

and the commercial viability. Management may also request

opinions from experts to help them fully form a response/action

on the climate related risk or opportunity.

Due to the long-term nature of the climate scenarios, it is

anticipated that Management’s response will change over

time, as climate impacts become clearer and more definitive

information becomes available.

The climate risk assessment undertaken annually will continue

to utilise the scenarios to consider plausible future risks

and opportunities to ensure Radius Care’s response is more

proactive than reactive, within the various limitations on

the business.

The current business strategy supports an increased focus

on sustainability and risk management. When projects are

presented to the Board seeking approval of capital expenditure,

there is a deliberate focus on sustainability outcomes and

emissions reductions where it is cost effective to do so. As

part of capital allocation decisions, carbon reduction is also

considered as an input into a project. This embedding of

sustainability is increasing the focus on making the business

more resilient to climate and broader ESG risks and allows for

early identification of potential opportunities for Radius Care.

Transitioning Away From Fossil Fuel at

Radius Elloughton Gardens

A large portion of Radius Care’s Scope 1 emissions are derived from fossil fuel

based heating systems at some of our care homes. Over time, the company

plans to replace these with modern efficient electric heat pump systems.

The first project will commence later in 2025, with an investment of $0.45m

at Elloughton Gardens to replace the existing diesel boiler. This initiative is

expected to reduce the company’s Scope 1 emissions by 9%, offset by a small

increase in Scope 2 emissions.

Radius Residential Care, Climate-Related Disclosures Report 2025

15

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 Care 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.

Radius Care continues to

acknowledge 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 2025

16

Risk
Management

Identifying and Managing

Radius Care’s approach to identifying

and assessing climate-related risk

involved a standalone analysis in

2023 which systematically identified

climate-related risks and assessed

the potential short, medium and

long term impacts on different

aspects of the business. Risk ratings

(low, medium or high) were then

determined and strategies were

developed to mitigate the identified

risks and capitalise on opportunities.

These risks are then monitored to

ensure mitigation strategies remain

effective, adapting where necessary

to changing conditions. Short term

risks are considered a one to ten year

time frame, medium term is from

ten to thirty years, and long term is

anything over thirty years.

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 Care’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.

Risk Management

Integration Process

Management regularly monitors 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 2025

17

Everyone Plays a Part
At Radius Care, caring for people

includes caring for the environment.

Taupaki Gables is showing how small

everyday actions can help reduce

our carbon footprint. By reusing

goods, composting food waste, and

creating upcycled projects, the team

is cutting down on landfill, lowering

transport emissions, and reducing

the need for new materials. These

simple actions support our goal

to reduce carbon intensity year on

year while also building stronger

community connections.

Set up five years ago on Taupaki

Road, the exchange station has

become a hub of connection. New

donations arrive daily and rarely stay

long. There is always something for

everyone, from books and toys to car

seats, a pram, plants, and fresh fruit.

“Books are always a hit. We have

even built a second station, a closed-

in community library, to keep them

safe from the weather,” says Manager

Laurel Winwood.

The project shows how small

contributions can create lasting

impact. Residents often pop out

to browse or drop something off,

and staff regularly bring in items to

share. Books in particular are passed

around between staff and residents

before making their way to the library

shelf outside.

The exchange station is just one

part of Taupaki’s wider spirit of

resourcefulness. Residents have

turned bottle tops into bingo

counters and transformed an old

piano into a thriving succulent

garden. Each project is a chance to

create something meaningful from

what others might throw away.

Even the hens are part of the story.

Six rescued battery chickens now

roam in a cosy coop made from a

repurposed playhouse, laying fresh

eggs and charming residents daily.

“Chickens make great pets. Our

residents love them,” says Laurel.

The exchange station may be a simple

roadside structure, but it captures the

heart of Taupaki Gables. Real people,

working together, showing what care

truly looks like. Through gardening,

crafting, composting, or sharing ideas

in resident meetings, every small act

builds toward something bigger.

“We all play a part. Our residents and staff take pride

in their collective effort.”

- Manager, Laurel Winwood

Radius Residential Care, Climate-Related Disclosures Report 2025

18

Metrics and
Targets

Our Greenhouse Gas

Emissions

Radius Care has developed a carbon

inventory over the last four 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.

A limited assurance engagement over

Scope 1 and 2 greenhouse gas emissions

has been undertaken. Refer to page 27 for

the limited assurance report. No assurance

has been sought over other climate-related

disclosures or Scope 3 greenhouse gas

emissions in line with Adoption Provision

8. This will be undertaken in future

reporting periods when the Adoption

Provision expires.

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 operations. This also incorporates Cibus Catering Limited which was

partly acquired (51%) during October 2024. A summary of Radius Care’s

Greenhouse Gas emissions for FY22 to FY25 is set out below.

0

5k

10k

15k

FY22FY23FY24FY25

tCO

2

e Emissions

Scope 1

Scope 2

Scope 3

15,869

16,765

14,992

18,621

3. The electricity consumed by independent living residents within Radius Care’s four retirement villages has been excluded on the basis of insufficient information.

However, for completeness, such electricity consumption has been deemed to be immaterial in the context of the overall profile of Radius Care’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 2025

19

Our Progress
Since FY22, Radius Care has made progress in reducing its carbon footprint.

As at 31 March 2025, our total emissions intensity footprint has reduced by

11.8% from FY22. 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.

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. A majority of emissions

are associated with Scope 3. Emissions pricing is already impacting Radius Care

through fuel and energy costs from Scopes 1 and 2. An emissions price is more

appropriate where organisations are investing in large scale energy efficiency

projects to reduce Scope 1 emissions where an internal emissions price has the

potential to improve pay-back on investment.

Radius Care calculates emissions

intensity by dividing our total carbon

footprint by total revenue, including

deferred management fee revenue.

Our carbon intensity reduced in FY23

and FY24 predominantly as a result

of the decrease in the electricity

emissions factor due to an increase in

renewable energy availability. In FY25

electricity emissions did increase due

to a higher reliance on non-renewable

energy sources.

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 FY25, Radius Care invested

$353,000 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 $81,000 of asset related

damage following severe weather

events in Dunedin, which was largely

recovered under our insurance policy.

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.

Management does not consider

the company’s targets as being in

line with limiting global warming to

1.5 degrees Celsius and will look to

develop these further in future years.

Radius Care’s targets do not rely on

any offsets at this point in time.

Performance Against

Targets

During the year there has been a

year-on-year increase in Scope 1 and

2 emissions however Radius Care’s

emissions intensity still remains

below FY22 levels. The year-on-year

increase in FY25 relates primarily

to a higher emissions factor being

applicable when compared to those

used in FY24.

Radius Care is making progress in

implementing carbon efficient heating

across its care homes. The first

upgrade is due to commence in FY26

with an investment of $0.45m.

0

20

40

60

80

100

120

FY22FY23FY24FY25

Emissions Intensity

11911588105

20

Radius Residential Care, Climate-Related Disclosures Report 2025

Appendix
ScopeCategory name

FY22 emissions

(tCO

2

e)

FY23 emissions

(tCO

2

e)

FY24 emissions

(tCO

2

e)

FY25 emissions

(tCO

2

e)

Scope 1

Stationary combustion 1,591 1,531 1,6111,622 

Fugitive emissions———60 

Scope 1 1,591 1,531 1,611 1,682 


Scope 2

Electricity consumption 918 566 614700

Scope 2 918 566 614700

Scope 3

Purchased goods and services 8,003 8,755 8,786 11,375 

Capital goods 2,030 2,940 967 1,920 

Fuel and energy related activities 623 483 514508 

Waste generated in operations 320 234 195 158 

Business travel

93

153 149113 

Employee commuting

2,291 2,104

2,1552,166 

Scope 3

13,360

14,669

12,766

16,240 

The Ministry for the Environment has released changes to the emission factors used in calculating GHG emissions on 11

June 2025. The new factors have not been applied to the GHG emissions information in this report due to the timing and

impracticality to update and review data prior to the release of this report. These factors are not entity specific and the timing

of release of these factors is not within Radius Care’s control. Based on current estimates the new factors would potentially

have a material impact some emission categories such as Scope 2 emissions (electricity consumption) and Scope 3 emissions

(fuel and energy related activities).

Radius Care Scope 1, 2 and 3 Carbon Emissions

Radius Residential Care, Climate-Related Disclosures Report 2025

21

ScopeCategoryGHG Emissions SourceData SourceCertaintyCalculation Methodology and Assumptions
Source of

Emissions

Factors

Scope 1

Stationary

combustion

Fossil fuels used

across business

Supplier data

Medium to

high

Calculated by multiplying the activity data with the appropriate

emission factors sourced from the report ‘Measuring Emissions:

A Guide for Organisations’ released by the New Zealand Ministry

for the Environment (MfE) which refer to the calendar year 2022

(MfE, 2024).

MfE (2024)

Fugitive

emissions

Refrigerant gases

Maintenance

records

Low

The refrigerant gas data consisted of lists of HVAC and heat

pump units, and food cooling units (fridges, freezers, chillers,

and cool rooms). Refrigerant gases used in the equipment was

provided for most cooling units. For the remaining units, a default

gas was assumed. A conservative approach was taken, i.e. gases

with higher global warming potentials were assumed (R410A for

HVAC and heat pumps, and HFC-134a for cooling units).

Scope 2ElectricityElectricity consumptionSupplier data

Medium to

high

The market-based and location-based approaches were used to

calculate Scope 2 emissions.

The market-based approach reflects the choices made by

consumers (e.g., 100% certified net zero), enabling the use of

specific emission factors. Emissions for electricity not covered

by contractual instruments must be calculated using the

residual grid mix emission factor, ensuring that all emissions are

accounted for.

The alternative approach defined by the GHG Protocol is

location-based, which is based on average electricity generation

emission factors for New Zealand. For FY25, the location-based

calculation has been included.

The GHG Protocol requires companies to report Scope 2

emissions using both approaches, where a market-based

mechanism exists.

MfE (2024)

GHG Methodology, Assumptions and Estimation Uncertainties

Radius Residential Care, Climate-Related Disclosures Report 2025

22

ScopeCategoryGHG Emissions SourceData SourceCertaintyCalculation Methodology and Assumptions
Source of

Emissions

Factors

Scope 3

Purchased

goods and

services

Meals, wholesale trade, food

products, management

consultancy, cleaning, repairs

and maintenance, medical

services, marketing, IT services

and insurance.

Spend-basedLow

These emissions are based on Radius Care expenditure on

purchased goods and services which are not already included in

other scopes or Scope 3 categories (e.g., spend on electricity and

fuel for which emissions are already included in Scope 1 and 2 or

other Scope 3 categories).

Emissions were calculated by multiplying the expenditure with

an appropriate per dollar spend emission factor sourced from the

Eora database (Lenzen, Kanemoto, Moran, & Geschke, 2013).

Eora database

(2022 data)

Capital goods

Building (structural and fit-

out), chattels, furniture and

equipment.

Spend-basedLow

Fuel and

energy related

activities

Emissions generated by

the extraction, refining and

transportation of purchased fuels

(cradle-to-gate or well-to-tank

(WTT) emissions).

Emissions generated by the

extraction, production, and

transportation of fuels consumed

in the generation of purchased

electricity.

Transmission and distribution

losses of purchased energy

(electricity or natural gas) that

is consumed (i.e., lost) in a

transmission and distribution

system.

Supplier dataLow

Emissions from Category 3 are entirely linked to Radius Care’s

fuel and energy consumption which are covered in Scope 1 and

Scope 2.

Fuel WTT emissions account for 51.9% of Category 3 emissions

in FY25 and have been calculated by applying emission factors

sourced from UK Government’s Department of Business, Energy,

and Industry Strategy (BEIS, 2024). These emissions factors are

not specific to the countries where the fuel was consumed.

NZ electricity WTT emissions account for 30.5% of Category 3

emissions in FY25and have been calculated using an NZ specific

emission factor constructed using a methodology used by the UK

Government (BEIS, 2021).

Transmission and distribution losses for electricity and natural gas

account for 17.6% of Category 3 emissions in FY25 and have been

calculated using the appropriate MfE emission factor (MfE, 2024).

BEIS (2024

and 2021)

MfE (2024)

Waste

generated in

operations

Solid waste disposal to landfillSupplier data

Medium to

high

The data included emissions data calculated by the Supplier.

The emissions data is based on landfill-specific emission factors

for waste disposed in landfill sites other landfill-specific verified

emission factors where available, and default MfE emission factors

for any other landfill sites. The methodology for producing the

data and associated GHG emissions has been independently

verified.

For recycled waste the ‘recycled content method’ as defined

by the GHG Protocol is used. The ‘recycled content method’

allocates waste treatment emissions from recycling to the

company that used the recycled material. This means that Radius

Care does not account for emissions from recycling.

Supplier data

(independently

verified)

MfE (2024)

Radius Residential Care, Climate-Related Disclosures Report 2025

23

ScopeCategoryGHG Emissions SourceData SourceCertaintyCalculation Methodology and Assumptions
Source of

Emissions

Factors

Scope 3

Business travel

Flights, rental cars, staff car use,

taxi use and parking

Supplier data

and spend-

based

Supplier data

- medium to

high

Spend based

- low

All emission factors used were sourced from MfE (MfE, 2024),

except for the WTT emissions (BEIS, 2024). Flight emissions were

calculated using emission factors including radiative forcing. It

should be noted that aviation radiative forcing is an area of active

research, but there is yet to be consensus on this aspect. The

GHG Protocol states that it is permissible (“may” be included) to

account for radiative forcing and that companies should disclose

the specific factor used if applied. The radiative forcing factor

used by MfE is 1.9 (MfE, 2024).

Upstream WTT (well-to-tank) emissions were included in the

calculations. The GHG Protocol recommends including WTT

emissions where possible.

BEIS (2024)

MfE (2024)

Employee

commuting

Transportation of employees

between homes and worksites

Staffing dataLow

Emissions were calculated based on staffing (full-time equivalent)

data. The number of commuting days was adjusted to allow for

leave (four weeks annual, one week sick, and twelve days of

public holidays). Support office staff were also assumed to work 1

day per week at home.

Commuting modes used were based on the latest census data

(2018), with commuting distances based on NZ Household Travel

Survey 2011-2014 (Stats NZ, 2021). Commuting data for the 2023

census was not available at time of production.

Upstream WTT (well-to-tank) emissions were included in the

calculations.

Emissions were calculated using emission factors sourced from

MfE (MfE, 2024). The emission factor used for private car use was

adapted to represent the New Zealand car fleet composition (i.e.,

a mix of petrol, diesel, hybrid, and electric vehicles).

StatsNZ (2018)

MfE (2024)

Radius Residential Care, Climate-Related Disclosures Report 2025

24

Scope 3 CategoryCategoryGHG Emissions Source
Upstream leased assets

Operation of assets leased by the reporting company (lessee) in the

reporting year and not included in Scope 1 and Scope 2

Applicable (covered by Scopes 1 and 2)

Downstream transportation

distribution

Transportation and distribution of products sold by the reporting company

in the reporting year between the reporting company’s operations and the

end consumer (if not paid for by the reporting company) including retail

and storage (in vehicles and care homes not owned or controlled by the

reporting company)

Applicable but excluded due to lack of data (expected to be

Immaterial)

Processing of sold products

Processing of intermediate products sold in the reporting year by

downstream companies (e.g. manufacturers)

Not applicable

Use of sold products

End use of goods and services sold by the reporting company in the

reporting year

Not applicable as Radius Care’s products do not require energy to

operate.

End-of life treatment of sold

products

Waste disposal and treatment of products sold by the reporting company

(in the reporting year) at the end of their life

Applicable but excluded due to lack of data (expected to be

Immaterial)

Downstream leased assets

Operation of assets owned by the reporting company (lessor) and leased

to other entities in the reporting year not included in Scope 1 and Scope 2

Not applicable

Franchises

Operation of franchises in the reporting year not included in Scope 1 and

Scope 2 – reported by franchiser

Not applicable as Radius Care does not have any franchises

Investments

Operation of investments (including equity and debt investments and

project finance) in the reporting year not included in Scope 1 or Scope 2

Not applicable as Radius Care does not have any relevant investments

Summary of Emission Categories Excluded

Radius Residential Care, Climate-Related Disclosures Report 2025

25

Limitations
Scope/CategoryEmissions source% of emissionsLimitations

Scope 1

Direct emissions from owned or controlled sources

(Gas and liquid fuels)

9.00%

No information on the profile of fuel use across equipment

classes and functions.

Emissions from refrigerant gases are now calculated but the

gases used in some equipment types is assumed.

Scope 2

Indirect emissions from the generation of purchased

energy (Electricity use)

3.80%

No information on profile of electricity use by equipment

classes and functions.

Scope 3Purchased goods and services61.10%

The calculations were exclusively based on generic spend-

based factors rather than any supplier-specific data.

Scope 3Employee commuting13.30%

Calculations are based on national averages rather than

Radius Care staff specific commuting patterns.

Scope 3Capital Goods11.80%

The calculations were exclusively based on generic spend-

based factors rather than any supplier-specific data.

Radius Residential Care, Climate-Related Disclosures Report 2025

26



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(“NZAuASB”) of the External Reporting Board (“XRB”). NZ SAE 1 establishes ethical, independence and quality management WJVZNWJRJSYXXUJHNKNHYT,-,FXXZWFSHJJSLFLJRJSYX



4YMJWYMFSYMJ8HTUJFSI,-,JRNXXNTSXWJQFYJIINXHQTXZWJXIJXHWNGJINSYMJUWJHJINSLUFWFLWFUM\MNHMKTWRXYMJ8ZGOJHY2FYYJWTKTZWJSLFLJRJSY\JINISTYUJWKTWRFXXZWFSHJUWTHJIZWJXTSFS^

TYMJWNSKTWRFYNTSNSHQZIJINSYMJ(QNRFYJ7JQFYJI)NXHQTXZWJX7JUTWYTSUFLJXYTFSIYT&HHTWINSLQ^\JITSTYJ]UWJXXFSFXXZWFSHJHTSHQZXNTSTS8HTUJ,-,JRNXXNTSXWJQFYJIINXHQTXZWJX

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ĞĨŝŶĞĚdĞƌŵƐ

+TWHQFWNY^YMWTZLMTZYYMNXQNRNYJIFXXZWFSHJWJUTWY

• ‘The Subject Matter’ refersto the Group’s Scope 1 and 2 ,-, JRNXXNTSX WJQFYJI INXHQTXZWJX KTW YMJ ^JFW JSIJI  2FWHM  FXprepared and presented by Radius Residential Care Limited’s

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• ‘The ClimateRelated Disclosures Report’ WJKJWXYTYMJKZQQITHZRJSYUWJUFWJIG^7FINZX7JXNIJSYNFQ(FWJ1NRNYJINSFHHTWIFSHJ\NYM3?(8–&TYJFWTF3J\?JFQFSI(QNRFYJ8YFSIFWIX(“NZ CSs”)

NXXZJIG^YMJ=7'NSHTWUTWFYNSLGTYMVZFSYNYFYN[JFSISFWWFYN[JHQNRFYJINXHQTXZWJX

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ƌŝƚĞƌŝĂ 

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*INYNTS(“Applicable Criteria”). Where appropriate, emissions factors from the New Zealand Ministry for the Environment’s 2JFXZWNSL*RNXXNTSX&,ZNIJKTW4WLFSNXFYNTSX (“MfE”) were applied. 



^ƵďũĞĐƚDĂƚƚĞƌ;ƚŽŐĞƚŚĞƌ^ĐŽƉĞϭĂŶĚϮ','ŵŝƐƐŝŽŶƐZĞůĂƚĞĚŝƐĐůŽƐƵƌĞƐͿZĞĨĞƌĞŶĐĞƌŝƚĞƌŝĂ

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Radius Residential Care Limited and its Directors’ responsibilities

Radius Residential Care Limited and its Directors’ are responsible for selecting the Applicable Criteria, and for presenting 8HTUJFSI,-,JRNXXNTSXWJQFYJIINXHQTXZWJXKTWYMJ^JFWJSIJI2FWHM

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We confirm that we were not involved in the preparation of the Group’s Scope 1 and 2 GHG JRNXXNTSX WJQFYJI INXHQTXZWJXFSI MTQI ST WJQFYNTSXMNUX \NYM 7FINZX 7JXNIJSYNFQ (FWJ 1NRNYJI YMFY \TZQI

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FQXTHFWWNJITZYTYMJWFXXNLSRJSYXKTWYMJ,WTZUNSYMJFWJFTKYF]FYNTSHTRUQNFSHJXJW[NHJX9MJKNWRMFXSTTYMJWNSYJWJXYNSYMJ,WTZU9MJUWT[NXNTSTKYMJXJXJW[NHJXMFXSTYNRUFNWJITZWNSIJUJSIJSHJ

FXFZINYTWXFSIFXXZWFSHJUWT[NIJWXTKYMJ,WTZU

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/ŶĚĞƉĞŶĚĞŶƚƐƐƵƌĂŶĐĞZĞƉŽƌƚ

dŽƚŚĞŝƌĞĐƚŽƌƐŽĨZĂĚŝƵƐZĞƐŝĚĞŶƚŝĂůĂƌĞ>ŝŵŝƚĞĚĐŽŶƚŝŶƵĞĚ




ƐƐƵƌĂŶĐĞPractitioner’s Responsibility

4ZWWJXUTSXNGNQNY^NXYTJ]UWJXXFQNRNYJIFXXZWFSHJHTSHQZXNTSTSYMJ8ZGOJHY2FYYJWGFXJITSYMJUWTHJIZWJX\JMF[JUJWKTWRJIFSIYMJJ[NIJSHJ\JMF[JTGYFNSJI<JHTSIZHYJITZWQNRNYJIFXXZWFSHJ

JSLFLJRJSYNSFHHTWIFSHJ\NYM.SYJWSFYNTSFQ8YFSIFWITS&XXZWFSHJ*SLFLJRJSYX 3J\?JFQFSI&XXZWFSHJ*SLFLJRJSYXTS,WJJSMTZXJ,FX8YFYJRJSYX(“ISAE (NZ) 3410”), issued by the New

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YTTGYFNSQNRNYJIFXXZWFSHJFGTZY\MJYMJWYMJ8ZGOJHY2FYYJWNXKWJJKWTRRFYJWNFQRNXXYFYJRJSY



&QNRNYJIFXXZWFSHJ JSLFLJRJSY ZSIJWYFPJS NS FHHTWIFSHJ \NYM .8&* 3?  NS[TQ[JX FXXJXXNSL YMJ XZNYFGNQNY^ NS YMJ HNWHZRXYFSHJX TKthe Group’s use of Applicable Criteria as the basis for the

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UWTHJIZWJXNSHQZINSLFSZSIJWXYFSINSLTKNSYJWSFQHTSYWTQFSIYMJUWTHJIZWJXUJWKTWRJINSWJXUTSXJYTYMJFXXJXXJIWNXPX



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Although we considered the effectiveness of management’s internal controls when determining the nature and extent of our procJIZWJXTZWQNRNYJIFXXZWFSHJJSLFLJRJSY\FXSTYIJXNLSJIYTUWT[NIJ

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,-,JRNXXNTSXVZFSYNKNHFYNTSNXXZGOJHYYTNSMJWJSYZSHJWYFNSY^GJHFZXJTKNSHTRUQJYJXHNJSYNKNHPST\QJILJZXJIYTIJYJWRNSJJRNXXNTSXKFHYTWXFSIYMJ[FQZJXSJJIJIYTHTRGNSJJRNXXNTSXTKINKKJWJSY

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FSFQ^YNHFQFSITYMJWWJQJ[FSYUWTHJIZWJX



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/ŶĚĞƉĞŶĚĞŶƚƐƐƵƌĂŶĐĞZĞƉŽƌƚ

dŽƚŚĞŝƌĞĐƚŽƌƐŽĨZĂĚŝƵƐZĞƐŝĚĞŶƚŝĂůĂƌĞ>ŝŵŝƚĞĚĐŽŶƚŝŶƵĞĚ




Assurance Practitioner’s ResponsibilityĐŽŶƚŝŶƵĞĚ

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• &XXJXXNSLYMJFUUWTUWNFYJSJXXTKYMJTWLFSNXFYNTSFQFSITUJWFYNTSFQGTZSIFWNJXFUUQNJINSIJKNSNSLYMJNS[JSYTW^ 

• *[FQZFYNSLYMJRJYMTIXFSIJRNXXNTSKFHYTWXZXJIYTVZFSYNK^8HTUJFSI,-,JRNXXNTSXFSIYMJNWHTSXNXYJSH^\NYMYMJ,WJJSMTZXJ,FX5WTYTHTQFSI2K*LZNIFSHJ 

• 5JWKTWRNSLFSFQ^YNHFQUWTHJIZWJXFSIWJFXTSFGQJSJXXHMJHPXTSXJQJHYJI8HTUJFSI,-,JRNXXNTSXFHYN[NY^IFYFFSIFXXTHNFYJIJRNXXNTSJXYNRFYJX 

• (TRUFWNSLWJUTWYJIJRNXXNTSXYTUWNTWUJWNTIXFSINS[JXYNLFYNSLXNLSNKNHFSY[FWNFSHJX 

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and outputs of management’s external experts;

• &XXJXXNSLYMJT[JWFQQUWJXJSYFYNTSFSIINXHQTXZWJTK8HTUJFSIJRNXXNTSXNSYMJ(QNRFYJ7JQFYJI)NXHQTXZWJX7JUTWYNSYMJHTSYJ]YTKYMJ&UUQNHFGQJ(WNYJWNF FSI

• 7JFINSLYMJWJRFNSIJWTKYMJ(QNRFYJ7JQFYJI)NXHQTXZWJX7JUTWYYTNIJSYNK^RFYJWNFQNSHTSXNXYJSHNJXTWRNXXYFYJRJSYX\NYMYMJ8ZGOJHY2FYYJWNSFHHTWIFSHJ\NYM.8&* 3?WJVZNWJRJSYXKTW

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express a reasonable assurance opinion about whether the Group’s Subject Matter has been prepared, in all material respects, NSFHHTWIFSHJ\NYMYMJ&UUQNHFGQJ(WNYJWNFFUUQNJIFXIJXHWNGJINSYMJFGT[J

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/ŶŚĞƌĞŶƚ >ŝŵŝƚĂƚŝŽŶƐ

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IJYJHYJIJ[JSYMTZLMYMJJSLFLJRJSYNXUWTUJWQ^UQFSSJIFSIUJWKTWRJIin accordance with ISAE (NZ) 3410. We do not provide assurance over the Group’s internal controls, or whether the data underl^NSL

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hƐĞŽĨƚŚŝƐ>ŝŵŝƚĞĚ ƐƐƵƌĂŶĐĞZĞƉŽƌƚ

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1NRNYJI YMTXJRFYYJWX \J FWJ WJVZNWJI YTXYFYJYT YMJR NS FSassurance practitioner’s WJUTWY FSI KTW ST TYMJW UZWUTXJ 9TYMJKZQQJXY J]YJSY UJWRNYYJI G^ QF\ \JINXHQFNR FSIIT STY FHHJUY TW FXXZRJ

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/ŶĚĞƉĞŶĚĞŶƚƐƐƵƌĂŶĐĞZĞƉŽƌƚ

dŽƚŚĞŝƌĞĐƚŽƌƐŽĨZĂĚŝƵƐZĞƐŝĚĞŶƚŝĂůĂƌĞ>ŝŵŝƚĞĚĐŽŶƚŝŶƵĞĚ




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Radius Residential Care, Climate-Related Disclosures Report 2025

31




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Radius Residential Care, Climate-Related Disclosures Report 2025

32

Radius Residential Care
Level 4, 56 Parnell Road, Parnell, Auckland

www.radiuscare.co.nz

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