MENU PLACES PEOPLE PARTNERS PERFORMANCE PERFORMANCE (ENVIRONMENT) (ECONOMIC) SUSTAINABLE DEVELOPMENT (SD) 2030 STRATEGY: 2022 HIGHLIGHTS Performance Performance (Economic) People Our SD Vision: Partners (Environment) We aim to deliver sustainable economic performance We aim to create an environment where our employees We aim to continue to develop long-term, mutually We aim to continue to design, construct and manage high coupled with good corporate governance and high will be healthier, happier and more productive, to invest in To be the leading sustainable beneficial relationships with our business partners and quality developments that contribute positively to the ethical standards. our employees and to provide rewarding career paths so development performer in our other key parties so as to improve our environmental, communities in which we operate and the environment. as to develop a diverse and industry-leading team. social and economic performance. FINANCIAL PERFORMANCE TALENT MANAGEMENT industry globally by 2030. SUPPLIERS CLIMATE CHANGE HKD 8,706 million in underlying profit attributable to 2025 KPI 2022 Progress To achieve this vision, we have formulated our SD 2025 KPI 2022 Progress shareholders A 25% increase in training ~154,000 training hours 2030 Strategy, which is built on five strategic pillars 25% of products and 17% of products and 2 4 shall be hours/employee/year delivered and embraces the spirit of Creative Transformation. It services purchased services purchased were GREEN FINANCING 5 24 training hours/ is underpinned by our creative mindset of innovation sustainable sustainable 2025 KPI 2022 Progress ( 97%) 2025 KPI 2022 Progress employee/year and experimentation, and promoted through HKD 1,477 million spent Absolute GHG emissions (Scope 1 and Scope 2): Achieve a minimum of ~60% of current bond and on sustainable procurement communication and engagement. 25%8 28% 50% of bond and loan loan facilities are facilities from green from green financing OCCUPATIONAL HEALTH AND SAFETY Reduce 5-year rolling Achieved a reduction of average of accident 64% in accident rate 2030 KPI 2022 Progress financing 2025 KPI 2022 Progress 6 Value chain GHG emissions rate in our Hong Kong CORPORATE GOVERNANCE Maintain Lost Time Injury Rate (“LTIR”) development projects by (Scope 3 - Downstream Leased Assets): Places Non-hotel operations: Non-hotel operations: 50% 9 2025 KPI 2022 Progress 28% per square metre 40% ≤1.2 0.57 Maintain no less than 30% 31% of our Board Through effective placemaking and long-term placekeeping, ~100% concrete used in Two Taikoo Place are Platinum- Value chain GHG emissions (Scope 3 - Capital Goods): of female representation on positions are held by female Hotel operations: Hotel operations: we aim to continue to transform the places in which we invest 10 ≤2.0 1.56 so as to create value, whilst retaining their character, certified under the Construction Industry Council Green 25% per square metre 17% our Board members Product Certification supporting communities and enhancing people’s lives. DISCLOSURE AND COMMUNICATIONS DIVERSITY & INCLUSION IMPACT REPORTING TENANTS ENERGY Published our fifth set of climate-related financial First time inclusion in the 2023 Bloomberg Published our third Places Impact Report for Taikoo Hui Officially rolled out the Green Performance 2025 KPI 2022 Progress disclosures as per TCFD recommendations Gender-Equality Index (“GEI”) Guangzhou, “The Creative Transformation of Taikoo Hui Pledge (“GPP”) in HK and Chinese Mainland to 11 Reduction of electricity use intensity Guangzhou”, in conjunction with South China University deepen landlord-tenant partnerships on sustainability 12 12 Hong Kong Portfolio Hong Kong Portfolio SD information is disclosed in accordance with the of Technology. The report uses our Places Impact and ESG 20%8 15% requirements of major global sustainability benchmarks Framework for assessing, measuring and reporting on 2025 KPI 2022 Progress 2025 KPI 2022 Progress Chinese Mainland Chinese Mainland the environmental, social and economic impacts of this 12 12 Portfolio Portfolio Maintain a female 50% of tenants in our GPP launched with 8 2 40.2% of the workforce development 13% 9% 7 sign representation of no less are female office portfolios 52 tenants, which covered 40% in the workforce the Green Performance 37.9% of tenants in our than RESOURCE AND CIRCULARITY Pledge to jointly office portfolio in Hong Maintain a gender balance 38.3% of senior improve environmental Kong 2025 KPI 2022 Progress Ranked 4th globally and Global Sector Leader – in senior management management positions performance No. 1 in Asia, 6th consecutive year are held by women WELLNESS Commercial waste diversion rate Member of the World Index – 12 12 Hong Kong Portfolio Hong Kong Portfolio 6th consecutive year Maintain gender pay ratio Gender pay ratio (female to Taikoo Hui Guangzhou obtained WELL Platinum 76 F&B tenants in Hong Kong and the Recognised 30% 25% 1 : 1 3: 1 : 0.92 at male) certification, recognising the development’s positive Chinese Mainland with Green Kitchen Awards Chinese Mainland Chinese Mainland impacts on human health and wellbeing 12 12 1 Portfolio Portfolio The Smart Reusable Cup System at Taikoo Place expanded 40% 45% to 10 F&B tenants, and avoided the disposal of over 16,800 single-use cups since the programme’s launch BUILDING/ASSET INVESTMENT Ranked No. 1 for 5th “AAA” rating consecutive year, 2025 KPI 2022 Progress “AAA” rating VOLUNTEERING DIGITAL CONNECTIVITY 13 100% of wholly-owned 100% of new Our Community Ambassador Programme contributed Two Taikoo Place and Six Pacific Place became the first 13 new development projects development projects >6,100 volunteer service hours, supporting 73 buildings in Hong Kong to be both WiredScore and to achieve the highest achieved the highest ratings activities SmartScore Platinum certified environmental building 93% of wholly-owned assessment scheme rating 13 existing developments achieved the highest ratings 1 Disclaimer: www.swireproperties.com/sd/awards/mscidisclaimer.html 6 Using 2015-2019 (5-year average) as baseline. Accidental rate represents the number of reportable accidents per 1,000 contractor workers. It is calculated 10 Compared to baseline year 2016-2018. 2 Compared to the baseline year of 2016. as the total number of reportable accidents multiplied by 1,000 and then divided by average daily number of contractor workers on-site. 11 The 2025 KPIs under Energy have been updated per our approved 1.5°C-aligned SBT. Energy Use Intensity has been renamed to “Electricity Use Intensity” 3 In 2022, gender pay ratio is calculated based on a non-weighed average methodology. 7 Measured by occupied lettable floor area (“LFA”) of office portfolios at 100% basis comprising of Taikoo Place and Pacific Place in Hong Kong and Taikoo in 2022 to reflect the use of electricity for the provision of shared services for and in the common parts of our buildings. The actual scope of this KPI remains 4 For wholly-owned investment portfolios. Hui Guangzhou. unchanged. 5 Products that meet specific sustainability criteria such as green certification or accreditation by reputable, independent third parties. 8 Compared to the 2019 baseline. 12 Hong Kong portfolio and Chinese Mainland portfolio refer to our office and retail portfolios and hotels in Hong Kong and the Chinese Mainland respectively. 9 Compared to the 2018 baseline. 13 Joint venture projects and trading properties are excluded. SUSTAINABLE DEVELOPMENT REPORT 2022 15