MENU PLACES PEOPLE PARTNERS PEPERRFOFORRMMAANNCCEE PERFORMANCE ((ENENVVIIRROONNMENMENTT)) (ECONOMIC) Performance (Environment) Policies 2022 Progress Profile of Environmental Impacts Climate Change Energy Resource and Circularity Water Biodiversity Occupant Wellbeing Building/Asset Investments 2022 Progress Our Performance (Environment) Working Group, which comprises 29 members from different functions within the Company, has developed key performance indicators for seven environmental and resource management focus areas. This year, we continued to work towards our 2025 and 2030 KPIs, with our approved 1.5°C science-based targets guiding our efforts across the Company. Our 2022 progress is summarised in the table below. Progress Summary Table Climate Change Decarbonisation 2025 KPI Progress Updates in 2022 • Operational Carbon Emissions (Scope 1 • Reduction of Scope 1 and 2 absolute GHG and 2 SBT): Reduce absolute greenhouse emissions: 25%15 28% gas (“GHG”) emissions by 2030 KPI Progress Updates in 2022 • Value Chain GHG Emissions (Scope 3 • Reduction of carbon intensity from the SBT – Downstream Leased Assets): tenant-controlled portion of downstream Reduce carbon intensity from the tenant- leased assets: controlled portion of downstream leased 40% assets by 28% per square metre16 • Value Chain GHG Emissions (Scope 3 • Reduction of embodied carbon intensity SBT – Capital Goods): Reduce embodied from new major developments: carbon intensity from new development 17% projects by 25% per square metre (construction floor area)17 15 Compared to the 2019 baseline. 16 Compared to the 2018 baseline. 17 Compared to the 2016-2018 baseline. SUSTAINABLE DEVELOPMENT REPORT 2022 161