Over time, climate change can affect the operations of the Group and the markets it operates in, including physical risks, such as acute and chronic changes in weather and transitional risks, as well as market and economic responses. The use of laws and regulations to address climate change, such as requiring emissions reductions, could lead to economic risks and uncertainties for the Group businesses. These risks could include the cost of purchasing products or equipment, reduced profits or losses, and increased production costs, which could adversely affect the financial performance of the Group.