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Letter from Group Co-founders and Co-CEOsOUR ESG APPROACHESR Group LimitedEnvironmental, Social and Governance Report 20246Recognising the positive impact that ESR can make as a leading New Economy real asset owner and manager, we aspire to be industry thought leaders who proactively set the standard and lay the foundation for a sustainable future as we drive our strategic business focus in logistics real estate, data centres, and infrastructure.We believe that our industry is backed by purpose-led and responsible businesses such as our own, committed to %u2018doing the right things the right way%u2019. Our continued focus on sustainability guides and enables ESR to lead the way forward in the transition to a more inclusive, low-carbon and climate resilient future.Decarbonisation is one of the most significant global challenges of our time, as the world faces increasing pressure to reduce greenhouse gas emissions and limit the impacts of climate change. The energy transition is accelerating at an unprecedented pace, signalling that achieving a sustainable future requires concerted and immediate action.Guided by our ESG 2030 Roadmap and comprehensive ESG strategy, we continue to make strides towards our established targets to minimise our impact on the environment, address climate change, support local communities, and promote diversity, equity, and inclusion, in addition to upholding our commitment to the highest standards of corporate governance. This report is a review of our key initiatives and progress in 2024, including the following notable achievements during the year:%u2022%u0009 Increasedtheproportionoffemalerepresentationto46.7%, contributing to a more inclusive and equitable workplace. We continue to foster a human centric environment in our design philosophy for our tenants across the Group, such as creating %u201cR:KIDS%u201d daycare centres in our distribution centres in Japan, supporting employees and their families with greater flexibility and fostering inclusiveness.%u2022%u0009 Continuedtoinvestinbothourinternalandexternalstakeholdersthroughemployee training and development programmes, internship opportunities for local tertiary students, as well as scholarships to encourage and motivate students to strive for academic excellence. These initiatives create a social multiplier effect which uplifts the communities where we operate.STUART GIBSON AND JINCHU SHENGroup Co-founders and Co-CEOs