81 Environmental, Social and Governance Report 2023 PILLAR 3: CORPORATE PERFORMANCE ESR is committed to upholding best practices in disclosure and reporting, improve its ESG performance and proactively engage with stakeholders. The Group participates regularly in globally recognised benchmarks and ratings such as GRESB, MSCI ESG Ratings and Sustainalytics ESG Risk Ratings which provides valuable feedback on our development compared to industry peers in addition to enabling us to identify areas for improvement. Since 2014, the Group has participated in GRESB, the leading global benchmark for assessing ESG performance of real estate and infrastructure projects. A total of 45 listed REITs and private funds participated in the 2023 GRESB Real Estate Assessment, representing approximately 40% of the Group’s portfolio. Many institutional and financial investors use the GRESB ratings and data to track their investments and make strategic and sustainability decisions on their portfolios. Disclosure & Reporting sector leader 2023 R E A L E S T A T E KEY HIGHLIGHTS OF THE GROUP’S GRESB LEADERSHIP IN 2O23 • Under the Development benchmark, four participating entities attained Regional Sector Leader recognitions: - Redwood Japan Logistics Fund II LP, RJLF 3 Co-Investment Platform (Japan) and ESR Kendall Square Development JV II (Korea) achieved their Regional Sector Leader recognitions in the “Asia, Industrial” category for the second consecutive year. - e-Shang Star Cayman Limited (China) received the Regional Non-Listed Sector Leader recognition in the “Asia, Industrial” category for the first year. • 22 ESR entities across Australia, Greater China, India, Indonesia, Japan, Korea and Singapore received the 5 Star rating — the highest recognition accorded for being industry leaders — a significant increase from 11 in 2022. • In line with our ESG 2030 Roadmap target to achieve a 3-Star GRESB rating average, we managed to obtain a 3.5 Star rating average for the 45 participating entities in 2023. Tang Boon Kang, ESR Group Head, Governance & Sustainability and Emma Larsson, ESR Group ESG Officer, said: “ESR has continued to integrate ESG into all aspects of our business in adherence to our comprehensive ESG strategy. The recognition by GRESB is important as many investors use it to assess and benchmark our ESG performance against our industry peers and it enables us to engage with our investors. We are humbled by our achievements in this year’s assessment - the culmination of hard work and dedication across our teams.”
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