ESR Cayman ESG Report 2021

DISCLOSURE & REPORTING Benchmarking our performance against international best practices gives us valuable feedback on our development compared to our industry counterparts. Since 2014, ESR has been a participant in the Global Real Estate Sustainability Benchmark (GRESB), the premier global standard for evaluating real estate and infrastructure projects’ ESG performance. For property firms, property funds, developers and investors, GRESB’s systematic approach, objective scoring methodology and benchmarking are significant indicators of risk management and the ability to improve returns. More than 100 institutional and financial investors worldwide use the data to track their investments and make strategic decisions about how to move their portfolios toward a more sustainable future. In 2021, ESR was consecutively named “Regional Sector Leader” in Asia for our outstanding performance. ESR achieved outstanding results with the Group’s funds in South Korea, Japan and China in particular, topping multiple GRESB ranking lists. Four ESR funds in Japan and Korea stand out in particular by earning the maximum 5 Green Stars. ESR’S KEY HIGHLIGHTS OF ITS GRESB LEADERSHIP IN 2O21 • In South Korea, ESR Kendall Square Development JV 1 was named “Regional Sector Leader” in the Development Benchmark, industrial real estate sector. The fund received the highest possible five Green Stars rating, scoring 93 points and topped five “GRESB Development” rankings; • In Japan, all three funds: Redwood Japan Logistics Fund II LP, RJLF 3 Co-Investment Platform and PGGM RJLC LP topped several “GRESB Development” rankings in addition to receiving five Green Stars rating, each with a score of 91 points; • In China, Redwood China Logistics Fund LP topped the “China Industrial Distribution Warehouse Non-listed” of “GRESB Development” category with 87 points (four Green Stars rating) in addition to receiving 1st of “GRESB Score within Industrial Non-listed Opportunistic” category in the “GRESB Standing Investments” Benchmark assessment, as well as, receiving a score of 73 points (three Green Stars rating); • On track and achieved an average three Green Stars rating across all our participating ESR funds. ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT 2021 41 PILLAR 3: CORPORATE PERFORMANCE