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 Swire Properties Net-zero Roadmap Remarks: [1] Graph shown is for illustration purpose only. Information presented are not drawn to scale. [2] The Business As Usual (“BAU”) scenario takes into account the Company’s HKD100 billion investment plan. Projected changes in carbon emissions (under BAU scenario) primarily reflect the addition and removal of buildings from our portfolio. The performance of our 2019 baseline is based on our already well-established energy management programmes (including control optimisation, retro-commissioning, equipment replacement, and innovative technologies). BAU scenario assumes no additional energy saving measures are to be implemented across our portfolios and value chain and no further improvements from energy source decarbonisation after 2019. Swire Properties began to set out a roadmap to guide our strategic investment and actions to support our net-zero commitments. This “Net-zero Roadmap” outlines the key areas where the Company will focus its efforts and resources across our global portfolio to deliver a near-term 1.5°C-aligned SBTs and transitioning to net-zero before 2050. Reduction strategies to support the delivery of our 2025 and 2030 1.5°C-aligned near-term science-based targets (“SBTs”) : Scope 1 and 2 Emissions Energy Efficiency • Continue to invest in and develop certified green buildings with best-in-class energy efficiency and climate resilience, through the adoption of passive building designs and energy-efficient building systems. • Perform retro-commissioning and technical upgrades across our portfolios in pursuit of ever-better energy performance such as electrically-commutated (“EC”) motor plug fan. • Digitalisation of building operations via rollout of smart energy management platforms and digital twin systems. • Extensive application of innovative low-carbon and energy-efficient technologies such as integrated direct current microgrid solutions. • Increase the adoption of on-site renewable energy generation and off-site renewable electricity procurement. SUSTAINABLE DEVELOPMENT REPORT 2022 179