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 • Scaling up the adoption of low-carbon and energy-efficient technologies through the support of green financing, Swire Pacific SD Fund and internal financing mechanism such as internal carbon pricing. Energy source decarbonisation • Continue to expand our capacity of on-site renewable energy generation and explore further opportunities of off-site renewable electricity procurement, where feasible. • With China and Hong Kong committing to become carbon neutral by 2060 and 2050 respectively, our portfolio operating in these locations are expected to benefit from the continuous decarbonisation of the grid. Scope 3 Emissions • Expanding the adoption of low-carbon procurement specifications to a wider spectrum of construction and building materials, supplies and services. • Ramping up our engagement programme and support to suppliers, tenants and other value chain partners to improve data and best practices sharing and to build up their climate resilience in the net- zero transition. • Deliver our zero waste to landfill commitment to support the transition to a circular economy and our pledge to reach a state of water neutrality by 2050. Our 1.5°C-aligned near-term SBT and net-zero roadmap provides a clear steer for us in reaching Net-zero emissions by 2050 We endeavour to reduce our emissions through the decarbonisation strategies but understand that residual emissions will remain. These emissions would be neutralised at the net-zero target year and thereafter to help us reach net-zero. SUSTAINABLE DEVELOPMENT REPORT 2022 181