Link’s business model is relatively stable, and we would not expect its core sustainability issues to change significantly from year to year. For that reason, we undertake a full materiality assessment every three years, with an interim review in the intervening years to confirm whether the underlying priorities remain appropriate. This provides continuity in reporting while ensuring that emerging issues are still identified and assessed.

Our assessment focuses on three questions: whether an issue is strategically relevant to Link’s ability to protect or create value, whether it materially affects how investors, tenants and other stakeholders assess the business and whether, and to what degree, we can take direct action on an issue.

For 2025/2026, the assessment was reviewed and confirmed without material change. This continuity reflects the underlying stability of the business and allows management attention to remain focused on execution in the areas that matter most.

This assessment directly underpins our four sustainability priorities – decarbonisation, climate resilience, stakeholder alignment and data and transparency – and is supported by further details and disclosure in the ESG Data Compendium.