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 Taskforce on Nature-related Financial Disclosure The Taskforce on Nature-related Financial Disclosures (“TNFD”) was established in 2021 in response to the growing need to factor nature into financial and business decisions. The TNFD is a global, market-led initiative with a mission to develop and deliver a risk management and disclosure framework which organisations can use to report and act on evolving nature-related risks and opportunities, with the ultimate aim of supporting a shift in global financial flows away from nature- negative outcomes and toward nature-positive outcomes. Swire Properties recognises biodiversity and nature loss as one of the emerging risks to our businesses. The health of the ecosystems affects the availability of natural resources and land conditions, thereby our ability to generate value for our stakeholders. With increasing concerns around biodiversity loss and its interconnection with climate change, Swire Properties began exploring the business impact and dependencies on nature, associated nature-related risks and opportunities in accordance with the TNFD framework. In 2022, our Deputy Head of Sustainable Development joined the TNFD as a Taskforce member, providing inputs to the Taskforce to develop the framework. The TNFD’s complete recommendations (v1.0) will be published in September 2023. Swire Properties also started to partner with the World Business Council of Sustainable Development (“WBCSD”) to pilot the TNFD beta framework. We hope our participation will help generate insights that will improve the relevance of the framework to the real estate sector. SUSTAINABLE DEVELOPMENT REPORT 2022 214