Coles is confronted with an evolving set of risks and opportunities due to climate change, which can also lead to increased exposure to other material risks such as frequent extreme weather events and ongoing climate changes. These risks can impact our operations and the safety of our staff, customers, supply chain, and the food we sell, as well as government policy, law, and regulation, leading to higher operating costs, potential litigation, and failure of stakeholders, resulting in reputational harm.