MENU PLACES PEOPLE PARTNERS PERFORMANCE PERFORMANCE (ENVIRONMENT) (ECONOMIC) To address upstream carbon emissions during construction, we have worked with our partners to ensure that almost 100% of the concrete used at Two Taikoo Place, our latest development in Hong Kong, was certified low-carbon concrete. Accordingly, the development obtained the Grand Award in the New Building category (Projects Under Construction and/or Design - Commercial) at the 2021 Green Building Awards, organised by the Hong Kong Green Building Council (“HKGBC”) and the Professional Green Building Council. To limit our downstream impacts, we launched our Green Performance Pledge (“GPP”) in July 2022, a bespoke sustainability programme for office tenants. The GPP works closely with our tenants to measure and identify ways to reduce their energy, waste, and water consumption. Interest and uptake for the GPP has been overwhelmingly positive: 52 of our tenants, representing over 30% of the occupied lettable floor area of Swire Properties’ Hong Kong office portfolio, are already participating. Meanwhile, almost 70 food and beverage (“F&B”) tenants have joined our Green Kitchen Initiative, integrating sustainability features into their kitchen fit-outs and operations. In March 2023, we published our third Places Impact Report, featuring Taikoo Hui Guangzhou. Produced in partnership with the South China University of Technology, the report explores the socioeconomic impacts of our placemaking efforts and provides insights into the future role that Taikoo Hui Guangzhou may play in enhancing community vibrancy and building social cohesion. A thriving environment for our people People are critical to the implementation of our SD 2030 Strategy and to our overall success. We aspire to build an inclusive, supportive work environment where employees can thrive. This year, we were delighted to be included in the 2023 Bloomberg Gender-Equality Index, acknowledging the Company’s commitment to achieving gender equality. These positive impacts extend into our local communities in the form of our Community Ambassadors, who volunteered over 6,100 hours of their time this year, giving back to society through NGOs, social welfare initiatives and in many other valuable ways. Catalysing our transition to net-zero via green financing As at 31 December 2022, green financing accounted for approximately 60% of our current bond and loan facilities. This means that we have achieved our 2025 KPI of having a minimum of 50% of green financing three years ahead of schedule. In 2023, we begin piloting the use of internal carbon pricing (“ICP”) to accelerate our transition to a low- carbon economy. Taking the form of an internal carbon fee, the ICP will create an internal mechanism to allocate costs to our carbon emissions and set aside a special fund to increase our investment in decarbonisation projects. A word of thanks Today’s increasingly complex business landscape requires that we remain firmly committed to our vision and values. As we look ahead to the next 50 years, I want to take the opportunity to thank everyone who has worked with us over the years for your dedication, confidence and trust in Swire Properties. Our ambitions are high, but I am confident that we have the talent, spirit and experience to succeed. As we conclude a year full of challenges and celebrations and enter a new decade for Swire Properties, I am optimistic that working together with our outstanding teams and committed partners will help us continue to build and nurture great places that support sustainable, resilient and thriving communities. Chief Executive Tim Blackburn SUSTAINABLE DEVELOPMENT REPORT 2022 4