MENU PLACES PEOPLE PARTNERS PERFORMANCE PERFORMANCE (ENVIRONMENT) (ECONOMIC) Governance Strategy Risk Management Metrics and Targets Governance Swire Properties’ governance around climate-related risks and opportunities Board of Directors ESG Steering Committee • Formulate and review climate strategy • Approve targets and initiatives related to climate • Review any significant risks and opportunities related to climate issues • Review performance in achieving climate-related KPIs SD Working Group Performance (Environment) Working Group • Plan and implement mitigation and adaptation policies and measures regarding climate-related issues • Facilitate the integration of climate-related issues into daily operations Our ESG Steering Committee (“ESGSC”) is chaired by our Chief Executive. Other members are the Finance Director and six members of our senior management from the human resources and administration, portfolio management, projects, public affairs and technical services and sustainable development departments. In 2022, an Independent Non-Executive Director of the Company joined the ESGSC; this person is also the Chairman of our Audit Committee. The Chairman of the ESGSC reports relevant SD matters, including climate-related issues, to the Board five times a year. The ESGSC meets quarterly and, in accordance with its terms of reference, has the following overall responsibilities related to climate change: • Formulate and review the Company’s SD 2030 Strategy and climate strategy, including approving targets or key initiatives related to climate change mitigation, adaptation and building climate resilience. • Review any significant risks, opportunities and investments regarding climate change, energy/carbon management and low-carbon transition. • Review on an annual basis the performance of the Company in achieving our energy/carbon intensity reduction targets, including progress towards achieving our science-based targets, and other climate change- and energy-related KPIs. SUSTAINABLE DEVELOPMENT REPORT 2022 222