Although 2023 was a challenging year for the global economy and our company, we are pleased with the way we have navigated the environment. Throughout this period, we have remained steadfast in maintaining our strategic focus and delivering on our mission statement to provide Space and Investment Solutions for a Sustainable Future. Part of our mission to build a sustainable business includes aligning the perspectives and expectations of our key stakeholders to our ESG efforts and being accountable. We have previously conducted a materiality assessment to identify important issues surrounding the Group’s social and environmental impact areas that hold the most significance for our key stakeholders including employees, customers and shareholders amongst others. In 2023, these ESG factors were reviewed, in consideration of recent global trends, as well as risks and opportunities impacting our stakeholders in short and medium to long-term horizons. The review assessed that the 15 material ESG factors (see page 8) remain relevant to the Group and they formed the focus areas under our three pillar ESG Framework: Human Centric, Property Portfolio and Corporate Performance. Throughout 2023, we continued to focus on driving our key, strategic initiatives to advance our commitments to environmental stewardship, social responsibility and strong governance, in alignment with our newly unveiled ESG 2030 Roadmap. Under this roadmap, ambitious targets were established across each of the three key pillars to accelerate positive impact across the Group. In our FY2023 ESG Report, we would like to share the ESG data, performance, and case studies relating to our approach in fulfilling our commitments. We are pleased to highlight these notable achievements: • Female representation in the Group was 45.4% as we continue to build a more inclusive and equitable workplace. At the Board level with the recent appointment of Joanne Sarah McNamara (1 January 2024), we are proud to have approximately 31% female representation amongst our directors. • In our commitment to be an Employer of Choice and in driving employee engagement, the Group achieved an average employee satisfaction score of 4.25 (out of 5) in its inaugural employee engagement survey, with an overall response rate of 80%. • We actively engaged with communities through volunteering activities, education programmes and partnerships within our dedicated focus areas. In addition, we established a Group Social Impact Committee to drive Group-wide community investment initiatives with global consistency and local relevance. • 112 MW of rooftop solar power capacity and 809 EV charging stations have been installed across our assets globally in addition to the launch of numerous synergistic partnerships as part of our decarbonisation efforts to transition to a low-carbon future. • 42.8% of our global portfolio of completed and directly managed assets were awarded sustainable building certifications and ratings, as we continue to provide best-in-class real assets and solutions for our stakeholders, leveraging state-of-the-art technologies to increase efficiency and reduce our carbon footprint. • Continued recognition of our robust ESG performance and disclosure practices, by upholding strong ratings across various globally recognised ESG benchmarks and rankings. For another year running we obtained outstanding results in the 2023 GRESB Assessment with four Regional Sector Leaders, retained “A” in MSCI ESG Ratings and “Low Risk” in Sustainalytics ESG Risk Ratings, the latter with an approximate 20% improvement in points. • Strengthening our leadership in sustainable finance, the Group announced that it has closed a total of seven Sustainability-Linked Loans (“SLLs”) worth approximately US$4 billion including Hong Kong’s first-ever Green Loan for the development of a logistics centre. Post FY2023, we continued to raise additional SLLs with a cumulative total amount of US$4.4 billion approximately. We would like to thank our Board of Directors for their continued leadership, overall stewardship, and strategic direction in ESG. In parallel, we would also like to express our sincere appreciation and gratitude to our senior management teams, colleagues, investors, business partners, customers and communities for their invaluable support and engagement throughout. Going forward, we will continue to harness synergies and leverage our expanded scale, offerings, and capabilities to deliver meaningful and sustainable value. We invite you to read our FY2023 ESG Report and to provide feedback on how we could further advance our ESG journey and create positive changes for all. Stuart Gibson and Jinchu Shen Group Co-founders and Co-CEOs 24 April 2024 STUART GIBSON AND JINCHU SHEN Group Co-founders and Co-CEOs OUR ESG APPROACH Environmental, Social and Governance Report 2023 6 Letter from Group Co-founders and Co-CEOs “Throughout 2023, we continued to focus on driving our strategic initiatives to advance our commitments to environmental stewardship, social responsibility and strong governance in alignment with our newly unveiled ESG 2030 Roadmap. Under this roadmap, ambitious targets were established across each of the three key pillars to accelerate positive impact across the Group.”
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