Climate Change Data

Environmental Metrics

ESG Focus Areas

• environmental, social and governance ("ESG")

Social Achievements

• Our employees are integral to Caliber’s culture of transparency, integrity, professionalism, and excellence.
• We provide opportunities for growth and development for our team members and support their personal and professional goals in an effort to retain the most talented individuals.
• We value diversity and inclusion amongst our team.

Climate Goals & Targets

Environmental Challenges

• the impact of the COVID-19 pandemic
• intense competition for qualified personnel
• intense competition for outside investors and investment opportunities
• increased asset valuations, competition and increased overall cost of credit
• legal proceedings with Manitoba

Mitigation Strategies

• implementation of remote work arrangements
• suspending/deferring any unnecessary capital improvements to our assets
• reducing food and beverage operations, within our hotels, in accordance with government regulations
• furloughing any non-essential employees
• participating in the Paycheck Protection Plan program (“PPP”)
• having constant communications with lenders to receive additional facilities, convert current reserves into operational reserves and suspend the minimum debt service coverage ratio requirements
• ongoing confidential settlement negotiations with Manitoba

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Environmental, Social, and Governance (ESG)

Social Achievements

• Launched Caliber Foundation in 2021
• Provides competitive health and retirement offerings, flexible time-off, employee assistance program, company match for retirement plan contribution, tuition reimbursement, and support for well-being and family planning resources.

Climate Goals & Targets

Environmental Challenges

• Rising interest rate environment
• Increased costs of borrowing
• Inflation
• COVID-19 pandemic's lingering effects on asset values and capital markets

Mitigation Strategies

• Actively managing potential amendments to loan agreements to include extension options, pay off, or refinancing
• Strategic acquisitions on off-market terms
• Maintaining and potentially increasing asset management fee revenues while decreasing the potential for performance allocations and transaction and advisory fee revenues
• Monitoring the recovery in velocity of new investment capital into our funds

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Environmental, Social, and Governance (ESG)

Social Achievements

• Continued focus on hiring, training, and developing employee skills and careers; valuing diversity and inclusion; providing competitive health and retirement offerings, flexible time-off, and employee assistance programs.

Climate Goals & Targets

Environmental Challenges

• Rising interest rates impacting profitability and access to capital.
• Inflation increasing construction and renovation costs.
• Liquidity concerns in the financial services industry.
• Significant total liabilities exceeding available cash.
• Cybersecurity risks and potential data breaches.

Mitigation Strategies

• Negotiating loan extensions and refinancing debt.
• Seeking new financing and reducing operating costs.
• Collecting receivables and returning investments from funds.
• Increasing capital raise through expanding fundraising channels.
• Implementing a comprehensive cybersecurity risk management program.

Supply Chain Management

Climate-Related Risks & Opportunities