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 Attributing factors to year-on-year changes in Scope 1 and 2 carbon emissions 185,000 (+2.1%) (+0.2%) 3,636 364 180,000 176,841 -1,675 (-1.0%) 175,000 e)2 -5,582 O C t (-3.2%) s ( 170,000 n o i s (-6.4%) s i 165,549 m 165,000 n E -8,035 o (-4.5%) b r a C 160,000 155,000 150,000 ~ 0 2021 Portfolio Grid Factor New Off-site RE Energy COVID-19[1] 2022 Changes Procurement Efficiency Remarks: [1] Carbon emission reduction associated with the effects brought about by COVID-19 lock-down in certain operating regions In 2022, Swire Properties achieved a 28% absolute carbon reduction compared to the 2019 baseline for our global portfolio. Throughout the year, we continued to adopt innovative low-carbon technologies and management practices and invest in energy efficiency research and development. A lowered energy demand was also observed at some of our portfolios due to impacts by COVID-19. On top of our continuous rollout of energy saving strategies across our portfolios, Swire Properties developed an AI model, in partnership with a digital automation and energy management company, to predict the cooling demand of our commercial building further driving down our energy demand through operation optimisation. We continued to explore opportunities to increase our on-site renewable energy generation across our portfolio and source for off-site renewable electricity, where feasible. This year, we completed the installation of PV panel systems at Devon House and Dorset House at Taikoo Place. Taikoo Hui Guangzhou and Sino-Ocean Taikoo Li Chengdu are powered by 100% off-site renewable electricity, achieving net-zero carbon in its annual electricity consumption for both landlord and tenant operations. In 2022, Taikoo Li Sanlitun became our third portfolio in the Chinese Mainland to enter into an off-site renewable electricity purchase agreement. SUSTAINABLE DEVELOPMENT REPORT 2022 175