ESR Cayman ESG Report 2021

MESSAGE FROM CEOs “ ESR will continue to leverage on our existing resources to ensure our communities’ sustainable development and protect the safety and well-being of our stakeholders.” ESR believes that a successful enterprise should not maximise profits at all costs but should endeavour to strike a balance between stakeholders’ interests and our social responsibility for maintaining an enterprise’s sustainable development. As the leading New Economy real estate platform, we aspire to lead and set the standard for sustainable development of our industry. ESR’s ESG Framework reflects how we put our sustainability goals into action. Our team looks for new and better answers to transform our world while making us stronger and more resilient. After all, we cannot simply prosper as a company unless our colleagues, our community and our planet thrive. Our ESG Framework is focused on three main pillars: Human Centric, Property Portfolio and Corporate Performance. A total of 14 Focus Areas were identified as part of our ESG 2025 Roadmap and actions are taken to address each of these aspects. Our attention to these areas has helped to guide our planning and responses to make our operational footprint more sustainable and socially impactful. To-date, we are pleased to report that our ESG performance for 2021 is on track to achieve our focus areas. In 2021, there are several highlights added to our ESG credentials. We closed our inaugural US$1 billion SustainabilityLinked Loan, which incorporates the ESG focus areas into our business strategies and aligns our funding to these commitments. Notably, ESR notched up another year of outstanding scores and accolades, topping the lists across multiple categories in the 2021 GRESB Assessment and attaining its MSCI ESG Rating of A. On the environmental front, energy sustainability continues to be our priority as we added more rooftop panels to further increase solar power generation in all markets and work towards a 50% increase in our solar power generation capacity by 2025. We have also utilised MSCI’s Real Estate VaR model to create solutions for addressing climate risks. Technological innovation is the way forward to improve our operations, build a more sustainable and efficient business, and at the same time create a people-centric environment for our customers. ESR will continue to leverage on our existing resources to ensure our communities’ sustainable development and protect the safety and well-being of our stakeholders. Over the past year, ESR has made progress in lowering its carbon footprint and digitalising its operations. Looking to the future, we understand that much remains to be done and that the years ahead are essential to our enlarged Group. We are excited about embracing opportunities for continuous improvement in the next phase of sustainability for ESR. Lastly, we would like to thank our Board of Directors for its strategic direction and guidance on ESG, and also express our gratitude to our management teams, staff, investors, business partners, customers and communities for their invaluable support for our ESG journey. Jinchu Shen and Stuart Gibson Co-founders & Co-CEOs 31 May 2022 ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT 2021 4 VISION FOR SUSTAINABLE DEVELOPMENT