33 Environmental, Social and Governance Report 2022 PILLAR 2: PROPERTY PORTFOLIO Sustainable & Efficient Operations ESR China completed a domestic rooftop solar project located within the Guangdong Jieyang Logistics Park. This rooftop solar project was the first to be piloted in China and supports tenants’ operations and the nation’s goal to achieve carbon neutrality by 2060. Similar rooftop solar projects have also been completed or are progressively being launched in other cities including Shenyang and Tianjin. The aim is to increase ESR China’s installed rooftop solar power capacity to 100 MW by the end of 2023. ESR Japan partnered with Enerbank, one of Japan’s major green certificate operators, to participate in the country’s REC system. This partnership allowed the solar power generated from the rooftops of ESR Japan’s logistics facilities to be recognised as a renewable energy source fed into the power grid in Japan as RECs. The system facilitates our customers and communities to directly validate their renewable energy consumption and commit to a lower carbon footprint. ESR Korea signed a memorandum of understanding (MoU) with SK Plug Hyverse and Coupang Fulfilment Services to develop and operate the first hydrogen powered fulfilment centre in ESR’s Mokcheon Logistics Park. The development includes the installation of liquefied hydrogen storage infrastructure and charging stations as well as conversion of conventionally powered forklifts to hydrogen fuel-cell powered vehicles with shorter charging intervals and longer-lasting power. This collaboration is a concerted effort between ESR and our various stakeholders as we continue to decarbonise our value chain, maximise renewable power generation at our properties and pursue greener business initiatives. In line with the Group’s overall decarbonisation efforts, ARA became a signatory to the World Green Building Council (WorldGBC)’s Net Zero Carbon Building Commitment in 2021 and is on track to develop a decarbonisation strategy to achieve net zero for the committed standing assets by 2030. The adoption of electric vehicles (EVs) has accelerated due to stringent emission regulations, government policies and advancements in battery technologies. ESR is pursuing EV charging infrastructure opportunities by providing EV charging stations at multiple facilities to satisfy customer demands and tenant needs. Increasing the accessibility of these charging stations encourages the transition from conventional vehicles to EVs, thereby reducing emissions and mitigating the effects of climate change. By 2022, we have 631 EV charging stations installed across our facilities globally: Country # of EV charging stations Australia 42 Greater China 329 France 25 Germany 88 Singapore 31 South Korea 61 UK 44 Other Countries 11 Total 631 Apart from EVs, ESR India launched electric bikes at its logistics and industrial parks in December 2022 providing tenants and visitors with an alternative green mobility option for commuting within the facilities. ESR Taloja, India
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