MENU PLACES PEOPLE PARTNERS PERFORMANCE PERFORMANCE (ENVIRONMENT) (ECONOMIC) 2025 and 2030 Targets Performance HKEX (Environment) KPI A1.5, A1.6, A2.3, A2.4, A3.1, A4.1 Building on our achievements since the launch of the SD 2030 DIVERSITY AND INCLUSION CLIMATE CHANGE RESOURCE AND CIRCULARITY BUILDING/ASSET INVESTMENT Strategy in 2016, we are in a good position to advance to our next targets for 2025 and 2030. These new targets are challenging Policy, Strategy and Governance Decarbonisation Resource Recycling and Waste Diversion Environmental Building Assessment Schemes58 and will require innovation, creative thinking and considerable 2025 KPIs 2030 KPIs 2025 KPIs 2030 KPIs Waste Diversion Rates 2025 KPIs 2030 KPIs effort as we strive to achieve our SD vision: to be the leading • Maintain a female • Operational GHG • Operational GHG 2025 KPIs 2030 KPIs • 100% of wholly-owned • 100% of wholly- sustainable development performer in our industry globally by representation of no Emissions (Scope 1 and Emissions (Scope 1 and Hong Kong portfolio54 Hong Kong portfolio54 new development owned new and existing 2030. less than 40% in the 2 SBT): Reduce absolute 2 SBT): Reduce absolute • 30% of commercial • 50% of commercial projects59 to achieve the developments59 to workforce GHG emissions by GHG emissions by waste waste highest environmental achieve the highest 50 50 • Maintain a gender • Maintain a gender 25% 46% Hong Kong (projects Hong Kong (projects building assessment environmental building balance in senior balance in senior • Value Chain Emissions under development) under development) scheme rating assessment scheme management management (Scope 3 SBT – • 85% of demolition • 90% of demolition • 90% of wholly-owned rating People • Maintain gender pay • Maintain gender pay Downstream Leased waste waste existing developments59 ratio at 1 : 1 ratio at 1 : 1 Assets): Reduce • 70% of construction • 75% of construction to achieve the highest TALENT ATTRACTION carbon intensity from waste waste environmental building the tenant-controlled Chinese Mainland Chinese Mainland assessment scheme Employer Branding portion of downstream (projects under (projects under rating 2025 KPIs leased assets by 28% development)55 development)55 44 Partners per square metre51 • 50% of total waste • 60% of total waste • Improve employee Net Promoter Score by 10% • Value Chain Emissions (Scope 3 SBT – Capital Waste Recycling Rates TALENT MANAGEMENT SUPPLIERS Goods): Reduce 2025 KPIs 2030 KPIs Learning and Development Monitoring (Compliance) embodied carbon Chinese Mainland Chinese Mainland portfolio56 portfolio56 2025 KPIs 2025 KPIs 2030 KPIs intensity from new • 40% of commercial • 45% of commercial Performance • A 25% increase in training hours per employees per • Maintain 100% • Maintain 100% development projects waste waste (Economic) year45 implementation of implementation of by 25% per square the Supplier Code of the Supplier Code of metre (construction WATER SUSTAINABLE AND GREEN FINANCING Engagement Conduct in all portfolios Conduct in all portfolios floor area)52 Water Reduction External Financing 2025 KPIs Driving Impact 2025 KPIs 2025 KPIs 2030 KPIs • Achieve an employee engagement index rating at Hong Kong • Achieve a minimum of • Achieve a minimum of 90% or above 2025 KPIs 3 2 50% of bond and loan 80% of bond and loan • Improve turnover rate by 5.5%46 • 10% reduction in water intensity (m /m )57 • 25% of products and services purchased for wholly- ENERGY Chinese Mainland facilities from green facilities from green owned new and existing investment portfolios shall financing financing 3 2 be sustainable Energy Reduction5³ • 20% reduction in water intensity (m /m )57 OCCUPATIONAL HEALTH AND SAFETY Contractors Health and Safety 2025 KPIs 2030 KPIs Hotels Hong Kong Portfolio54 Hong Kong Portfolio54 • 8% reduction in water intensity (m3/guest night)57 Safety 2025 KPIs 2030 KPIs • Reduction of electricity • Reduction of electricity • Reduce 5-year rolling • Reduce 5-year rolling use intensity by 20%50 use intensity by 40%50 BIODIVERSITY CORPORATE GOVERNANCE 2025 KPIs 2030 KPIs average of accident rate average of accident rate Integration • Maintain a LTIR at or per 1,000 contractor per 1,000 contractor Chinese Mainland Chinese Mainland Anti-bribery & Anti-corruption below 1.2 for non-hotel workers48 in our Hong workers48 in our Hong Portfolio55 Portfolio55 2025 KPIs 2025 KPIs operations; and at or Kong development Kong development • Reduction of electricity • Reduction of electricity • Conduct biodiversity surveys in 50% of new • Annual bribery and corruption risk review by below 2.0 for hotel 50% projects by 70% use intensity by 13%50 use intensity by 35%50 development projects Executive Committee projects by operations • Implement guidelines to integrate biodiversity Executive Compensation • Maintain zero work- • Maintain zero work- Renewable Energy considerations into new developments related fatalities and related fatalities and TENANT 2025 KPIs zero serious incidents47 zero serious incidents47 2025 KPIs OCCUPANT WELLBEING • Establish corporate SD performance metrics that are for employees for employees and Tenant Engagement • Generate 4-6% of landlord’s building energy Indoor Air Quality Management linked to the Chief Executive’s variable compensation contractors 2025 KPIs from on-site renewable or clean energy sources for Board Diversity • 50% of office tenants in wholly-owned portfolios49 selected newly completed office projects 2025 KPIs • For common areas, 90% of buildings achieve 2025 KPIs sign the Green Performance Pledge to jointly IAQ Excellent Class in the Hong Kong portfolio54 • Maintain no less than 30% of female representation improve environmental performance by 2025 or the local IAQ standard in the Chinese Mainland on the Board portfolio55 44 Compared to the 2020 baseline. 50 Compared to the 2019 baseline. 55 Our Chinese Mainland portfolio refers to our office and retail portfolio and hotels in the Chinese Mainland. 45 Compared to the 2016 baseline. 51 Compared to the 2018 baseline. 56 The waste diversion rate from landfill for Chinese Mainland projects under development is calculated in accordance with LEED requirements. Flexibility 46 Compared to the 2018 baseline. 52 Compared to the 2016-2018 baseline. will be allowed for projects not wholly-owned by the Company, and for projects with major contractor(s) already on board. 47 “Serious incident” is defined in the Swire Pacific Fatal and Serious Incident Reporting Policy. 53 The 2025 KPIs under Energy have been updated per our approved 1.5°C-aligned SBT. Energy Use Intensity has been renamed to 57 For our Hong Kong portfolio and Chinese Mainland portfolio, the water intensity reduction targets are compared to a 2016 BAU baseline year. For 48 Using 2015-2019 (5-year average) as baseline. Accidental rate represents the number of reportable accidents per 1,000 contractor workers. “Electricity Use Intensity” in 2022 to reflect the use of electricity for the provision of shared services for and in the common parts of our Hotels, the water intensity reduction targets set is compared to a 2018/2019 baseline year. It is calculated as the total number of reportable accidents multiplied by 1,000 and then divided by average daily number of contractor buildings. The actual scope of this KPI remains unchanged. 58 BEAM Plus/LEED/China Green Building Label/WELL Certification; the most suitable environmental building assessment scheme is selected based on workers on-site. 54 Our Hong Kong portfolio refers to our office and retail portfolio and hotels in Hong Kong. the project location. 49 Measured by occupied lettable floor area (“LFA”) of wholly-owned office portfolios, which are Taikoo Place and Pacific Place in Hong Kong 59 Exclude trading properties. and Taikoo Hui Guangzhou. SUSTAINABLE DEVELOPMENT REPORT 2022 260