Weaver Climate Risk Report IFRS S1 and S2 Climate Disclosure | 2026
Prepared using the Governance, Strategy, Risk Management, and Metrics and Targets structure formerly associated with TCFD and now incorporated into IFRS S2. Scenario analysis informed by IPCC AR6 pathways: SSP1-2.6 and SSP5-8.5.
Contents Governance Strategy Risk Management Metrics and Targets
GOVERNANCE
Governance IFRS Requirement: a) Board’s oversight of climate-related risks and opportunities
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STRATEGY
Weaver’s strategic and operational direction is overseen by the CEO and Executive Committee, with support from the Chief Operating Officer and Chief Risk Officer. Together, they provide oversight of firmwide priorities, including quality control, risk management, innovation and sustainability-related matters. The Corporate Responsibility Committee serves as the primary cross-functional forum for reviewing sustainability priorities, including climate-related risks and opportunities. The committee evaluates initiatives, reviews reporting priorities and supports integration of sustainability considerations into business planning, operations and client-facing services. The Director of Sustainability reports to the National Strategy Leader and is accountable to the Chief Operating Officer for the firm’s internal sustainability program and related advisory initiatives. Operational and practice leaders participate throughout the year in planning, data collection and disclosure development.
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RISK MANAGEMENT
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METRICS & TARGETS
Beginning in FY2026, Weaver also began incorporating selected nature-related considerations into its existing sustainability governance structure, starting with location-based water risk. This work is informed by the TNFD recommendations, which use the same Governance, Strategy, Risk Management and Metrics and Targets structure reflected in climate-related disclosure frameworks. This common structure allows Weaver to integrate water risk into the existing IFRS S1 and S2 disclosure format without creating a separate TNFD section. Weaver also used TNFD’s LEAP approach (Locate, Evaluate, Assess, Prepare) as a practical lens to identify nature-related dependencies, evaluate exposure, assess related risks and prepare appropriate responses. For Weaver, this initial review focuses on location-based water risk as it relates to employee well-being, landlord-managed infrastructure, utility reliability and business continuity across the leased office footprint.
This process provides a structured channel for identifying and reviewing climate-related risks and opportunities across the organization.
WEAVER CLIMATE RISK REPORT 2026
GOVERNANCE
Governance IFRS Requirement: b) Management’s role in assessing and managing climate-related risks and opportunities
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STRATEGY
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RISK MANAGEMENT
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METRICS & TARGETS
The Director of Sustainability leads Weaver’s climate-related reporting process, sustainability program development and related advisory initiatives. Strategic oversight is provided by the National Strategy Leader, who reviews sustainability priorities and elevates matters to the Chief Operating Officer for consideration within firmwide planning. The Corporate Responsibility Committee supports this process by bringing perspectives from operations, people, legal, risk, practice leadership and client service teams.
David Rook Chief Operating Officer Provides executive oversight for Sustainability and Corporate Responsibility initiatives and reviews their connection to firmwide business objectives. Alyssa Martin National Strategy Leader Reviews client and market considerations and supports integration of sustainability priorities into broader firm strategy. Laura Roman Partner-in-Charge, National Tax Office; Weaver and Tidwell Private Foundation Chair Provides perspective on community engagement, philanthropy and social impact initiatives. Frank McElroy General Counsel and Chief Risk Officer Reviews Corporate Responsibility-related risks and opportunities and advises on legal implications of sustainability-related disclosures.
Demetrice Branch Chief People Officer Provides perspective on employee-related matters, including engagement, inclusion and workforce considerations. Dana Burris Director of Operations Supports coordination with landlords and vendors to collect operational data across Weaver’s leased office portfolio, including utilities, travel-related information and building sustainability attributes. Ashly Pleasant Director of Real Estate and Sustainability Leads sustainability reporting, provides technical guidance, reviews market and regulatory developments and supports internal and client-facing sustainability initiatives.
WEAVER CLIMATE RISK REPORT 2026
GOVERNANCE
Governance IFRS Requirement: b) Management’s role in assessing and managing climate-related risks and opportunities
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STRATEGY
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RISK MANAGEMENT
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METRICS & TARGETS
In recent years, the Corporate Responsibility Committee has advanced Weaver’s sustainability program through policy development, operational initiatives and expanded reporting practices. A key milestone was the adoption of Weaver’s Human Rights and Environmental Policy, which formalized the firm’s approach to environmental and social responsibility.
Recent areas of focus include Incorporating sustainability data from Weaver’s India operations into firmwide reporting Reducing single-use plastics and continuing the elimination of StyrofoamTM Promoting reusable materials at employee appreciation events Exploring food waste reduction strategies for firm-hosted gatherings Expanding climate and selected nature-related risk assessment within the firm’s reporting process
The reporting process and recurring engagement of the Corporate Responsibility Committee provide a structured mechanism for reviewing climate-related risks and opportunities, monitoring progress and identifying areas for continued improvement.
WEAVER CLIMATE RISK REPORT 2026
GOVERNANCE
Strategy IFRS Requirement: a) Climate-related risks and opportunities the organization has identified over the short, medium and long term
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STRATEGY
Acute Physical Risks Weaver evaluates acute physical climate risks across its office footprint to understand potential exposure to event-driven hazards that could affect employee safety, office access, technology systems, landlordmanaged infrastructure and business continuity.
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RISK MANAGEMENT
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METRICS & TARGETS
The % of U.S. offices rated High or Very High for each hazard is as follows: Heat Wave
100%
Riverine Flooding
96%
Tornado
96%
Lightning
91%
Earthquake
87%
Cold Wave
86%
Hurricane
81%
Landslide
78%
Strong Wind
78%
Water-related exposure for India is addressed within the broader Chronic Physical Risks water risk assessment.
Ice Storm
71%
Wildfire
70%
These results provide an initial view of locationbased exposure and will support future resilience planning and business continuity review.
Drought
64%
Winter Weather
61%
Hail
57%
Coastal Flooding
24%
This year’s assessment reviewed 28 office locations, including 23 locations in the U.S. and five locations in India. U.S. locations were assessed using the FEMA National Risk Index, with results expressed as percentile risk scores. India locations were assessed using the World Bank Group’s ThinkHazard tool, with results expressed as qualitative hazard ratings. The assessment supports prioritization and is intended to be supplemented by site-specific analysis where needed.
Weaver also evaluated overall location risk alongside employee headcount to identify offices where higher hazard exposure and larger employee populations overlap. Approximately 43% of U.S. headcount is concentrated in Weaver’s two highest-exposure hubs, Houston and Dallas. This overlay helps prioritize resilience planning, emergency preparedness and landlord engagement for locations with greater potential operational exposure.
India acute hazards
90%+
Wildfire
High, 5 of 5
Cyclone
High, 4 of 5
75-89%
50-74%
<50%
WEAVER CLIMATE RISK REPORT 2026
GOVERNANCE
Strategy IFRS Requirement: a) Climate-related risks and opportunities the organization has identified over the short, medium and long term
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STRATEGY
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RISK MANAGEMENT
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METRICS & TARGETS
Chronic Physical Risks Chronic physical risks include longer-term changes in climate conditions that may affect employee well-being, local infrastructure, utility reliability, and business continuity across Weaver’s leased office footprint. These risks include rising average temperatures, drought, water stress, changing precipitation patterns and sea level rise. To evaluate longer-term exposure, Weaver reviewed its leased office locations for selected chronic risk indicators, including sea level rise. Based on the sea level rise assessment conducted through 2050, none of Weaver’s leased offices are projected to be below the tideline.
In FY2026, Weaver expanded its chronic risk review to include regional water hazard exposure across all 28 office locations, including Weaver’s India offices. The assessment focused on regional water-related conditions that may affect infrastructure, utility reliability, employee well-being, and business continuity across the firm’s office footprint. Since Weaver is a professional services firm operating primarily from leased office space, water risk is not driven by a water-intensive operating model or significant direct water consumption. The review therefore evaluates water as a location-based resilience consideration rather than a material consumption issue.
The assessment identified 12 offices, or approximately 43% of the reviewed footprint, in areas rated High or Extremely High. U.S. exposure is concentrated in California, with additional High-risk locations in Denver and Midland. Weaver’s India locations represent the most concentrated exposure, with all five offices in elevated-risk areas and four rated Extremely High. These results will help Weaver prioritize follow-up actions in higher-exposure markets, including landlord engagement, resilience planning, emergency response protocols and future site selection considerations.
WEAVER CLIMATE RISK REPORT 2026
GOVERNANCE
Strategy IFRS Requirement: a) Climate-related risks and opportunities the organization has identified over the short, medium and long term
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STRATEGY
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RISK MANAGEMENT
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METRICS & TARGETS
Physical Opportunities Weaver’s physical climate-related opportunities are concentrated in operational resilience, workplace planning and client service development. From an operational perspective, Weaver’s remote and hybrid work capabilities support continuity during severe weather or localized infrastructure disruption. These practices help reduce dependence on any single office location and support employee safety when travel or office access is affected. Workplace and leasing decisions also provide an opportunity to strengthen resilience across the
leased office footprint. Weaver prioritizes offices with green building attributes where feasible, including LEED certification, efficient HVAC systems, advanced lighting, water conservation infrastructure, renewable energy features and landlord-managed resilience measures such as backup power and flood controls. Weaver’s 2026 Platinum Green Lease Leaders recognition further validates the firm’s efforts to work with landlords that prioritize energy efficiency, resource conservation and resilient building operations.
Weaver’s internal work also supports client-facing opportunities. As climate risk, resilience planning, emissions reporting and scenario analysis become more important to clients, Weaver can apply its reporting experience and technical knowledge to support advisory services across key industries, including real estate, energy and technology.
WEAVER CLIMATE RISK REPORT 2026
GOVERNANCE
Strategy IFRS Requirement: a) Climate-related risks and opportunities the organization has identified over the short, medium and long term
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STRATEGY
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RISK MANAGEMENT
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METRICS & TARGETS
Transition Risks Policy and Legal The climate disclosure landscape continues to evolve, with requirements advancing in some jurisdictions and changing in others. In the United States, California’s climate disclosure requirements remain an important area of focus, including emissions reporting under SB 253 and climate-related financial risk disclosure under SB 261. In the European Union, changes to the Corporate Sustainability Reporting Directive and related sustainability reporting requirements require continued monitoring, while the Carbon Border Adjustment Mechanism continues to affect certain covered sectors. These developments create compliance, timing and interpretation challenges for companies subject to emerging requirements. Weaver continues to monitor policy developments and refine its methodologies to support consistent, reliable and decision-useful client work. Market Market risk arises from changing client expectations, evolving investor requirements and increased demand for climate and sustainability-related services. Weaver continues to develop services such as carbon accounting, emissions reporting, sustainability advisory, climate risk analysis and renewable energy-related advisory support in response to these market changes. Reputation Trust and credibility are central to Weaver’s brand. As sustainability-related disclosures receive greater scrutiny, the firm’s reputation depends on accurate reporting, disciplined methodology and clear communication. Weaver continues to strengthen internal review processes and reporting practices to support credible internal and client-facing work. Technology Technology creates both risk and opportunity for Weaver. The firm’s ability to scale sustainability advisory services will depend in part on its use of digital tools, data automation and artificial intelligence. Weaver must also maintain current knowledge of technologies related to decarbonization, renewable energy infrastructure, low-carbon construction materials, sustainable aviation fuel and carbon and energy credit markets. Falling behind in these areas could affect service relevance in a changing market.
WEAVER CLIMATE RISK REPORT 2026
GOVERNANCE
Strategy IFRS Requirement: a) Climate-related risks and opportunities the organization has identified over the short, medium and long term
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STRATEGY
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RISK MANAGEMENT
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METRICS & TARGETS
Transition Opportunities Policy and Legal Evolving climate-related policies and disclosure requirements create opportunities for Weaver to support clients with regulatory readiness, emissions reporting, climate risk disclosure, governance review and sustainability reporting. These requirements increasingly affect companies beyond large public issuers, including mid-market companies and organizations responding to supply chain, investor, lender and customer expectations. Weaver’s experience in policy analysis, regulatory interpretation and sustainability reporting allows the firm to help clients understand requirements and operationalize practical compliance processes. Market Growing demand for sustainability-related services presents an opportunity for Weaver to expand advisory capabilities across industries and client sizes. Client needs include emissions reporting, carbon accounting, double materiality assessments, climate risk analysis, decarbonization planning and disclosure support. Weaver’s investment in sustainability consulting provides a foundation for expanded service delivery and deeper client relationships. Reputation Weaver’s sustainability program supports the firm’s brand, culture and credibility. Transparent reporting, practical environmental initiatives and responsible business practices help demonstrate consistency between the services Weaver provides to clients and the way the firm operates internally. These efforts also support Weaver’s employee value proposition by reinforcing the firm’s commitment to responsible operations, inclusion, community engagement and environmental stewardship. Technology Technology supports both internal operations and sustainability consulting services. Weaver’s technologyenabled double materiality assessment process provides a more structured and scalable approach to data collection, analysis and reporting. Continued investment in data tools, reporting systems and scenario planning capabilities can improve the consistency and efficiency of client deliverables. Weaver’s advisory capabilities are also strengthened by continued research into decarbonization technologies, renewable energy systems, low-carbon materials and energy and carbon credit markets. WEAVER CLIMATE RISK REPORT 2026
GOVERNANCE
Strategy IFRS Requirement: b) Impact of climate-related risks and opportunities on the organization’s business, strategy and financial planning
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STRATEGY
Climate-related risks and opportunities influence select elements of Weaver’s business strategy, operations and service development. In response to evolving regulatory requirements and increased client demand, Weaver has expanded sustainability advisory services and incorporated climate-related capabilities into core industries such as real estate, energy and technology. The firm uses scenario analysis to evaluate how policy, market, technology, reputational and physical risk factors may affect operations and client needs over short, medium and long-term time horizons. These insights support service development, business continuity planning and the evaluation of office-level resilience considerations. As a professional services firm, Weaver’s climate exposure is primarily tied to people, leased workplaces, technology systems and client service delivery rather than owned physical assets or carbonintensive production. Climate-related risks have not been separately quantified for firmwide financial planning at this time. However, climate considerations have influenced targeted investments in sustainability advisory capabilities, reporting tools, resilience planning and related client services.
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RISK MANAGEMENT
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METRICS & TARGETS
Weaver Advisory continues to reflect the market’s growing appetite for services that help companies respond to increasingly complex operational, compliance, regulatory and technology-driven challenges. The establishment of Energy Compliance Services as its own national practice reflects the continued expansion of focused advisory capabilities across the energy sector. This growth is supported by client demand for services such as carbon emissions reporting, regulatory compliance support, lifecycle analysis, technology-enabled reporting and broader energy advisory solutions. Weaver Capital Advisors Group also offers sustainable and impact investing options, reflecting investor interest in strategies that consider long-term value, resilience and responsible capital allocation.
WEAVER CLIMATE RISK REPORT 2026
GOVERNANCE
Strategy IFRS Requirement: c) Resilience of the organization’s strategy, taking into consideration different climate-related scenarios, including a 2°C or lower scenario
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STRATEGY
Weaver assessed the resilience of its strategy using two climate-related scenarios informed by the IPCC AR6 pathway framework: a Low-Emissions Scenario (SSP1-2.6, below 2°C) and a High-Emissions Scenario (SSP5-8.5, approximately 4.4°C by 2100). These scenarios were used to consider how different climate futures may affect Weaver’s operations, client needs, service development and risk management priorities.
High-Emissions Scenario
(SSP5-8.5, approximately 4.4°C by 2100) Under the High-Emissions Scenario, physical risks intensify over time. More frequent or severe heat events, storms, flooding, wildfire and infrastructure disruption could affect office access, employee safety, local utilities, technology systems and business continuity in higher-exposure regions. For Weaver, this scenario reinforces the importance of emergency preparedness, hybrid work capabilities, landlord engagement and office-level resilience review. Locations with both higher hazard exposure and larger employee populations may require closer attention in business continuity planning.
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RISK MANAGEMENT
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METRICS & TARGETS
Key considerations under this scenario: Policy and Legal A fragmented regulatory environment may increase compliance complexity for clients and require continued monitoring across jurisdictions. Market Certain client sectors may face greater disruption from physical climate impacts, insurance costs, capital constraints or delayed transition planning. Reputation Expectations for transparent climate-related reporting may continue even if regulatory requirements vary by jurisdiction. Technology Continued investment in data security, digital infrastructure and reporting tools remains important as operational complexity increases.
Transition risks may also remain difficult to manage under this scenario because regulatory responses could be fragmented across jurisdictions. Policy uncertainty may increase compliance complexity for clients and require Weaver to maintain flexible advisory capabilities.
WEAVER CLIMATE RISK REPORT 2026
GOVERNANCE
Strategy IFRS Requirement: c) Resilience of the organization’s strategy, taking into consideration different climate-related scenarios, including a 2°C or lower scenario
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STRATEGY
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RISK MANAGEMENT
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METRICS & TARGETS
Low-Emissions Scenario (SSP1-2.6, below 2°C)
Under the Low-Emissions Scenario, transition risks become more prominent. More stringent climate policies, expanded disclosure requirements, increased demand for emissions data and stronger expectations for decarbonization may affect Weaver’s clients and create additional demand for advisory services. For Weaver, this scenario supports continued investment in sustainability reporting, emissions accounting, climate risk analysis, decarbonization advisory and technology-enabled reporting tools. The firm’s resilience depends on maintaining technical depth, credible methodologies and the ability to help clients respond to changing requirements.
Key considerations under this scenario: Policy and Legal More comprehensive climate-related regulations may increase demand for disclosure support, emissions reporting and compliance readiness. Market Client demand may increase for sustainability advisory, carbon accounting, renewable energy analysis and decarbonization planning. Reputation Transparent reporting and disciplined internal practices remain important to maintaining credibility. Technology Data automation, artificial intelligence and reporting platforms may become increasingly important to service delivery and internal efficiency.
WEAVER CLIMATE RISK REPORT 2026
GOVERNANCE
Risk Management IFRS Requirement: a and b) Processes for identifying, managing and assessing climate-related risks
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STRATEGY
Weaver applies a structured process to identify, assess and manage climate-related risks across its operations. This process includes physical and transition risks and is informed by scenario analysis, physical risk assessment, emissions data and the firm’s 2025 Double Materiality Assessment. Physical climate risks are evaluated through periodic assessments of location-based hazard exposure, including extreme heat, flooding, severe weather, wildfire and sea level rise. U.S. locations are assessed using the FEMA National Risk Index, and India locations are assessed using the World Bank Group’s ThinkHazard tool. These assessments support office-level resilience planning, emergency preparedness and review of landlord-managed building infrastructure. In FY2026, Weaver expanded this review to include location-based water risk assessment. This additional review helps identify offices located in areas with elevated water-related exposure and supports future resilience planning, landlord engagement, emergency preparedness and site selection considerations. Transition risks are assessed in the context of evolving policy, regulatory frameworks, market expectations, technology changes and reputational exposure. Scenario analysis supports this process by evaluating how these risks may affect operations, client services and market demand over short, medium and long-term time horizons.
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RISK MANAGEMENT
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METRICS & TARGETS
Weaver’s 2025 Double Materiality Assessment evaluated both financial and societal impacts of sustainability-related risks and opportunities and established a framework that continues to guide prioritization. In FY2026, the firm did not conduct a new formal assessment, but continued to evaluate these topics against business conditions, leadership input and external market observations. Risk areas identified through this process are reviewed by the Chief Operating Officer, with support from the Director of Sustainability, National Strategy Leader and Corporate Responsibility Committee. Weaver also tracks greenhouse gas emissions as part of its operational review. Scope 1 and Scope 2 emissions have been measured since 2023, Scope 3 business travel was added in 2024 and the CY2026 inventory is in progress. These insights support evaluation of decarbonization, energy efficiency and resilience opportunities within Weaver’s operational control.
Physical Risk Facility-level hazard exposure Transition Risk Policy, market and reputational shifts
WEAVER CLIMATE RISK REPORT 2026
GOVERNANCE
Risk Management IFRS Requirement: c) How processes for identifying, assessing and managing climate related risks are integrated into the organization’s overall risk management
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STRATEGY
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RISK MANAGEMENT
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METRICS & TARGETS
Weaver integrates climate-related risk identification and assessment into broader enterprise risk management and strategic decision-making processes. Climate risks are reviewed alongside financial, operational, legal, reputational and workforce considerations. Insights from scenario analysis, physical risk assessment, water risk assessment and the double materiality assessment support service development, internal risk awareness, emergency preparedness and business continuity planning. While physical climate risk data is not the sole driver of real estate decisions, it informs resilience planning and may support future workplace evaluation, landlord engagement and site selection considerations.
The Corporate Responsibility Committee supports this integration by reviewing sustainability-related risks and opportunities, coordinating relevant data collection and advising on initiatives that connect to the firm’s operations and client-facing services. Weaver’s Human Rights and Environmental Policy further supports this approach by formalizing the firm’s commitment to responsible business practices and environmental stewardship.
WEAVER CLIMATE RISK REPORT 2026
IFRS Requirement: a) Metrics used by the organization to assess climate-related risks and opportunities in line with its strategy and risk management process
Weaver reports climate-related metrics in connection with GRI, SASB, IFRS S1 and IFRS S2. The firm discloses greenhouse gas emissions in accordance with the GHG Protocol and continues to mature its approach to climate-related data collection, emissions reporting and physical risk assessment.The 2025 GHG inventory includes Scope 1 emissions from purchased gas, Scope 2 emissions from purchased electricity and purchased steam and measured Scope 3 emissions from business travel. Beginning with the 2025 inventory, Weaver continued to improve Scope 3 tracking by incorporating additional business travel data sources, including air travel, rental cars and personal vehicle mileage. This provides a more complete view of business travel emissions and addresses limitations from relying only on agencybooked flight data.
STRATEGY
In addition to emissions metrics, Weaver reports total emissions intensity per FTE and tracked U.S. office water consumption. Weaver also conducts locationbased physical climate risk assessment using the FEMA National Risk Index for U.S. locations and the World Bank Group’s ThinkHazard tool for India locations. In FY2026, Weaver added location-based water risk assessment as an additional resilience and business continuity indicator. The results are used for prioritization and are separate from the GHG inventory boundary.
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Scope 2: Purchased Electricity Scope 2: Purchased Steam
1000
500
19.81 mtCO2e
86.33 mtCO2e
Total Emissions
3,015.35 mtCO2e
Emissions Intensity per FTE
2.11 mtCO2e/FTE
Water Use
2,795,791 gallons
Water Use per FTE
1,952 gallons/FTE
Scope 1 (Gas)
Scope 2 (Electricity)
Scope 2 (Steam)
Scope 3 (Travel)
Scope 3 Categories (mtCO2e)
1,890.86 mtCO2e
1,018.35 mtCO2e
METRICS & TARGETS
1500
0
Scope 3: Other Indirect Emissions
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2000
GHG Emissions Scope 1: Purchased Gas
RISK MANAGEMENT
Emissions by Scope (mtCO2e)
1000 800
mtCO2e
Metrics and Targets
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mtCO2e
GOVERNANCE
600 400 200 0
Air Travel
Rental Car
Personal Vehicle
WEAVER CLIMATE RISK REPORT 2026
GOVERNANCE
Metrics and Targets IFRS Requirement: b and c) Inventory boundary, methodology and targets used to manage climaterelated risks and opportunities
Inventory Boundary, Methodology and Targets Emissions reporting period The GHG inventory reflects calendar year 2025 activity. Climate and water risk assessment period Physical climate risk and water risk assessment were conducted for FY2026 reporting. Reporting boundary The GHG inventory is consolidated on an operational control basis, consistent with the firm’s financial reporting boundary for calendar year 2025 emissions reporting. Organizational scope The active FY2026 portfolio includes 26 U.S. locations, consisting of 24 direct leases and two flex or coworking licenses, Boston WeWork and Philadelphia Convene. India offices are excluded from the 2025 GHG inventory at this time due to incomplete office-level utility activity data. India locations are included in the physical climate risk and water risk assessment because those reviews are location-based and do not depend on utility control or metered consumption data. Weaver has started collecting India utility information and has established the framework to incorporate India office emissions into future inventories. Additional full-period and office-level activity data is needed before India emissions are included in reported Scope 1 and Scope 2 totals. Scope 1 and Scope 2 emissions boundary The Scope 1 and Scope 2 emissions boundary covers 23 U.S. offices. The two flex or coworking licenses are excluded because they are licensed spaces without separately metered utilities under Weaver’s operational control. Offices not operationally live during the measurement year are also excluded.
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STRATEGY
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RISK MANAGEMENT
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METRICS & TARGETS
Scope 2 method Scope 2 emissions are reported using the location-based method and eGRID2023 U.S. subregions. Weaver does not currently hold market-based instruments such as renewable energy certificates or green tariffs. Scope 3 coverage Scope 3 Category 6, Business Travel, is the only Scope 3 category currently measured and includes air travel, rental cars and personal vehicle mileage. Other Scope 3 categories, including purchased goods and services, employee commuting, capital goods and other relevant categories, have not yet been quantified and will be evaluated as the inventory matures. Risk assessment boundary Physical climate risk and water risk assessment are location-based and intentionally broader than the GHG inventory boundary. These assessments include all office locations regardless of lease structure, utility control or operational live date. India offices are included in physical climate risk and water risk assessment, even though they are excluded from the current GHG inventory. Other cross-industry metrics Weaver does not currently use an internal carbon price. Executive compensation is not linked to climate-related performance. Climate-related capital deployment is not separately quantified at this time and is reflected primarily through site selection considerations, resilience planning and sustainability advisory investments. Targets Weaver is not establishing quantified GHG reduction, intensity or net-zero targets at this time. The firm is continuing to build a multi-year baseline, with Scope 1 and Scope 2 measured since 2023 and Scope 3 business travel measured since 2024. Beginning with the 2025 inventory, Weaver improved Scope 3 business travel tracking to include air travel, rental cars and personal vehicle mileage. Targets will be reassessed as the baseline matures. Current performance is tracked against the prior-year inventory rather than a fixed target.
Note: Emissions intensity is calculated using total Scope 1, Scope 2 and measured Scope 3 emissions divided by 2025 U.S. FTE. Water use reflects tracked U.S. office water consumption and is reported separately from the GHG inventory. WEAVER CLIMATE RISK REPORT 2026
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