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 Water Use GRI In 2022, the total water usage in all portfolios and hotels decreased by 8% as compared to 2021. On 303 top of our continued efforts on the rollout of water saving initiatives such as the installation of low flow HKEX KPI A2.2, A2.4 restrictors to optimise water usage across our portfolios, we further identified opportunities to reduce freshwater demand such as using seawater for flushing, greywater recycling and rainwater harvesting. At our Hotels, some of the reduction were, in part, due to the relative decrease in the number of guest nights during the period when COVID-19 pandemic worsened. When measured against our 2025 KPI, the water intensity of the Hong Kong portfolio decreased by 9.2% in 2022 as compared to the 2016 BAU baseline. In 2022, the reduction was mainly attributed to the switch of seawater supply for freshwater flushing at Citygate and the restoration in seawater supply for flushing at Cityplaza mall. The water intensity in our Chinese Mainland portfolio decreased by 25.9% compared to the 2016 BAU baseline. In 2022, the reduction was mainly due to the reduced occupancy in offices and footfall in malls. In our Hotels, the water intensity in 2022 has increased by 15.1% as compared to the 2018/2019 baseline used for our 2025 KPI. We attribute this, in part, to the relative decrease in the number of guest nights during the period when COVID-19 pandemic worsened. For further information about our water reduction initiatives, please click here. SUSTAINABLE DEVELOPMENT REPORT 2022 171