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Sustainable & Efficient OperationsPILLAR 2: PROPERTY PORTFOLIOESR Group LimitedEnvironmental, Social and Governance Report 202443The Group is on track to develop our overall Net Zero Strategy and Decarbonisation Roadmap as part of the transition to net zero, with the advisory support from an external consultant. The scope of this work includes accounting and establishing a carbon baseline, conducting representative sampling of standing assets and development projects, reviewing market-specific carbon regulatory requirements and decarbonisation opportunities and challenges, identifying and assessing tailored and feasible opportunities through carbon modelling, setting carbon reduction targets and pathways and developing an actionable net zero strategy and decarbonisation roadmap. This work considers different asset typologies across various markets, with the aim to mitigate operational carbon (Scope 1 & 2), embodied carbon (Scope 3) and whole life carbon (Scope 3) across our value chain according to our carbon mitigation hierarchy.Notwithstanding the ongoing work at the Group-level, several business units have made notable progress in formulating their net zero carbon plans tailored for their respective markets and portfolios, including: ESR ANZ, Fortune REIT and Suntec REIT.ESR ANZESR ANZ is actively developing a comprehensive climate transition strategy aimed at reducing the environmental impacts and achieving net zero emissions. Central to this strategy is the creation of an online dashboard that will oversee the ongoing management of net zero plans for the business and its associated funds under management.A significant milestone was achieved in 2024 with the former ESR Australia standing portfolio, where 100% of landlord-controlled electricity is now sourced from GreenPower. This is a government-accredited programme in Australia that certifies electricity from renewable energy sources, effectively reducing Scope 2 emissions to zero under marketbased accounting. The commitment is now being extended across the entire ANZ portfolio (i.e., including LOGOS), further strengthening ESR%u2019s dedication to ongoing decarbonisation efforts.Transition to Net ZeroEliminate through designReduce through efficiencySubstitute through alternativesCompensate through offsetsScope 1 & 3Scope 1 & 2Scope 3Scope 1, 2 & 3Minimise energy demandIncrease energy efficiencyDecreasing PreferenceSource energy fromrenewable sourcesOffsetresidualemissionse.g. avoid emissions by incorporating low carbon building designs & construction (materials and processes)e.g. improve efficiency through energy reduction and asset enhancement initiativese.g. replace brown energy by switching to renewables (i.e. solar energy)e.g. purchase or generate high quality carbon credits to offset hard-to-abate emissionsOnsiteRooftopSolarCorporatePPAsTo meet business demands, tenants needs,commercial opportunities, and regulatory complianceRECsIRECsRenewable Energy