VISION FOR SUSTAINABLE DEVELOPMENT Environmental, Social and Governance Report 2022 10 ESG @ ESR ESG considerations are integrated into every aspect of our business through proactive decision-making. We strive to achieve our ESG objectives while keeping in mind our stakeholders’ expectations and incorporate ESG factors into our business operations. Sustainability considerations are built into our core business activities, including investments, fund management and New Economy development through implementing best practices, setting up goals and monitoring performance. We seek to facilitate continuous improvement across each market where we operate and throughout each stage of the whole asset life cycle. A comprehensive ESG investment checklist, approved by the Investment Committee, was established in January 2022. This checklist is an assessment of ESG requirements by fund investors covering: climate-related risks, building certifications, renewable energy adoption, indoor environmental quality, material sourcing and sustainable procurement, building technical assessments and environmental management systems, energy, water and waste management efficiencies and occupier considerations, amongst other factors, where applicable. In addition, ESR utilises a proprietary database for climate risk assessments in accordance with the Taskforce on Climate-related Financial Disclosures (TCFD) Framework and appoints third-party consultants to conduct specific ESG due diligence including soil and site studies for construction and industrial waste management channels. INVESTMENT IDENTIFICATION MONITORING & REPORTING DUE DILIGENCE PERMIT APPROVALS ASSET DEVELOPMENT ASSET MANAGEMENT KLÜBB Lounge, ESR Yokohama Sachiura Distribution Centre 1, Japan
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