MENUPLACESPEOPLEPARTNERS PERFORMANCE PERFORMANCE (ENVIRONMENT) (ECONOMIC) Carbon Emissions - Scope 3 Emissions Inventory and Reporting Methodology Scope 3 categoryDescriptionApplicabilityMethodology(1) / Justification for exclusionSource of activity data Source of emission factor2022 2021 2020 2019 2018 (Tonnes of CO e) (Tonnes of CO e) (Tonnes of CO e) (Tonnes of CO e) (Tonnes of CO e) 2 2 2 2 2 For 2022 Data:For 2022 Data: For 2022 Data: • GFA of the residential buildings(2)(³) is multiplied by the GFA of residential buildings(2)(³)• “Comprehensive Evaluation of Carbon Emissions for end of life carbon emission factor to calculate emissions the Development of High-Rise Residential Building”, End of life carbon emissions from in this category. For 2018 - 2021 Data:MDPI Journal - Buildings 2018 End-of-life treatment waste disposal and treatment • Primary procurement spend 12of sold productsof trading properties (e.g. Yes For 2018 - 2021 Data:data from Swire PropertiesFor 2018 - 2021 Data: 276 54 51 49 41 residential buildings) developed • Data on the landfilled waste is multiplied by the • Process life cycle assessment (LCA) databases by Swire Propertiescorresponding Scope 3 GHG emissions data to calculate including U.S. Environmental Protection Agency’s emissions in this category.Waste Reduction Model database and Ecoinvent version 3 Hong Kong Portfolio:Hong Kong Portfolio:Hong Kong Portfolio: Aggregate data of metered electricity consumption from Primary electricity data from Sustainability reports of the local utility companies (for tenants are multiplied by local emission factors (market-Swire Properties(6)electricity in Hong Kong) based method) to calculate emissions in this category. Chinese Mainland Portfolio: Chinese Mainland Portfolio: Chinese Mainland Portfolio: Emissions from operation Data of metered electricity consumption at individual Primary electricity data from • “Methodology for Carbon Emissions Reduction Downstream leased of assets owned by Swire tenant level are multiplied by respective emission factors Swire Properties in Commercial Complex Buildings” (by Tsinghua R 13assetsYes 130,657 131,478 139,414 179,515 168,403 Properties and leased to other (market-based method) to calculate emissions in this University) published in Journal of Building Energy entities category. Efficiency (Nov 2020 Edition) • References from the Chinese Mainland government and industry associations including China Renewable Energy Development Assessment Report by National Energy Administration, China Energy Statistical Yearbook by National Bureau of Statistics and China Electricity Council As a real estate developer, Swire Properties develops and 14FranchisesEmissions from operation of Nomanages properties which are leased to customers. We do N/AN/A N/A N/A N/A N/A N/A Swire Properties’ franchises not own any franchises business and hence there are no emissions to report in this category. As a real estate developer, Swire Properties develops 15Investments Emissions from operation of Noand manages properties which are leased to customers. N/AN/A N/A N/A N/A N/A N/A Swire Properties’ investmentsThe low level of investment activity does not constitute a material contribution to overall GHG emissions. Notes: R - Denotes sustainability data that has been reported on by Deloitte Touche Tohmatsu. Please refer to the Independent Limited Assurance Report for further details. (1) Calculation standard and methodology for Scope 3 carbon emissions: GHG Protocol Corporate Value Chain (Scope 3) Accounting and Reporting Standard published by the WBCSD and the World Resources Institute. (2) It refers to EIGHT STAR STREET. A 50-year use phase was applied to the calculations. (3) It refers to The River, Vietnam which Swire Properties has 20% interest. A 50-year use phase was applied to the calculations. (4) It refers to Two Taikoo Place. (5) Newly included electric vehicle charging in Hong Kong and Chinese Mainland portfolios since 2022. (6) Excluded Island Place Mall. SUSTAINABLE DEVELOPMENT REPORT 2022 282