P A G E 2 8 P A G E 2 9 S W I R E P R O P E R T I E S S W I R E P R O P E R T I E S L E A D E R S H I P I N S U STA I N A B L E D E V E LO P M E N T TRUST IN A SUSTAINABLE FUTURE Swire Properties takes its obligation to protect people’s sustainable futures seriously; as a trusted, responsible developer and management company. The company’s ambitious goal to be the development industry’s global leader in sustainability by 2030 and its commitment to achieve net zero emissions by 2050 underpins every decision made. These undertakings will ensure more liveable projects that significantly contribute to the future wellbeing of its communities worldwide. PLACES PEOPLE PARTNERS PERFORMANCE (ENVIRONMENTAL) PERFORMANCE (ECONOMIC) Through effective placemaking and long-term placekeeping, we aim to continue to transform the places in which we invest so as to create value, whilst retaining their character, supporting communities and enhancing people’s lives. We aim to create an environment where our employees will be healthier, happier and more productive, to invest in our employees and to provide rewarding career paths so as to develop a diverse and industry-leading team. We aim to continue to develop long-term, mutually beneficial relationships with our business partners and other key parties so as to improve our environmental, social and economic performance. We aim to continue to design, construct and manage high quality developments that contribute positively to communities and the environment. We aim to deliver sustainable economic performance coupled with good corporate governance and high ethical standards. Sustainable development (SD) is central to Swire Properties’ business philosophy. We take seriously our impact on the environment and on the people who live, work and visit our local neighbourhoods, while we strive to deliver sustainable economic performance and create lasting value for these communities. Our commitment, strategy and approach are defined in our comprehensive SD 2030 Strategy (SD 2030), which includes 48 targets across 29 focus areas, most with measurable and actionable KPIs. Aligned with many of the United Nations’ Sustainable Development Goals (SDGs), our SD 2030 Strategy is built on five pillars: SD 2030 IS BUILT ON FIVE PILLARS "Our vision is to be the leading sustainable development performer in our industry globally by 2030." Guy Bradley Chairman These SD actions and strategies are unified by our long-term vision, where we carefully consider the social and environmental impact that will occur throughout the entire lifecycle of our buildings. Our holistic, integrated approach brings design, construction, management and operations teams together, reducing impact and creating efficiencies at every level in our properties. In 2021, Swire Properties became the first real estate developer in Hong Kong and the Chinese Mainland to have its 1.5°C-aligned science-based target (SBTis) approved by Science Based Target initiative. This means we pledge ourselves to ambitious climate action to set our emission reduction targets to align with limiting global warming to 1.5°C; which is the crucial pathway to setting targets to reach net- zero emissions by 2050. Apart from aligning with the Paris Agreement Scope 1 and 2 decarbonisation targets, these SBTs also involve Scope 3 targets, which take aim at tenants’ carbon emissions and embodied carbon emissions of new development projects. Echoing Hong Kong and the Chinese Mainland's pledges to achieve carbon neutrality by 2050 and 2060 respectively, as part of its Sustainable Development (SD) 2030 Strategy, Swire Properties original Green Performance Pledge (GPP) continues to grow rapidly in popularity, helping our office tenants take their overall SD performance to new levels. Swire Properties aims to engage 50%* of office tenants in Hong Kong and the Chinese Mainland by 2025 to drive sustainability performance in collaboration with our tenants, to help them achieve their sustainable development goals. SWIRE PROPERTIES' GREEN PERFORMANCE PLEDGE A TOTAL BUILDING LIFECYCLE APPROACH DESIGN DEMOLITION MAINTENANCE OPERATION *Measured by occupied lettable floor area (“LFA”) of office portfolio at 100% basis comprising Taikoo Place and Pacific Place in Hong Kong, as well as Taikoo Hui in Guangzhou.