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 Scope 3 Emissions – Downstream Leased Assets 2022 progress against SBT Scope 3 – Downstream Leased Assets target for 2030 0% e -5% r t ) D e % ecarbonis e m ) ( -10% at r s 11% i a t on u e P q s ath s -15% wa r s y e d A e s p s -20% n a o e i s s m L i a -25% m e r 28% t n E s -30% o n b w 28% r o a -35% 35% f C n o e 3 – D o i p -40% t o 40% c c u S d ( e -45% R -50% 2018 2019 2020 2021 2022 2030 Baseline Year A 40% reduction against the 2018 baseline was recorded in 2022. This continual downward trend is attributed to: • Tenant operations in Taikoo Hui Guangzhou and Sino-Ocean Taikoo Li Chengdu becoming powered by 100% renewable electricity in 2021 and 2020 respectively • Improvements in tenants’ energy use intensity • Remote working arrangements for some tenants’ employees due to the COVID-19 • Grid emission factor improvement This year, we continued to work closely with commercial tenants to reduce their carbon footprint through a variety of tenant engagement activities, including: • The Green Performance Pledge, a performance-based agreement that acts as a blueprint for our landlord-tenant partnerships. • The Green Kitchen Initiative, a platform that allows our portfolio management teams and our F&B tenants to collaborate on sustainability-enhancing measures before fit-out and renovation projects. • Energy audits that help tenants identify energy-saving opportunities – these have been ongoing since 2008. SUSTAINABLE DEVELOPMENT REPORT 2022 176