MESSAGE FROM CEOs Building a sustainable future Sustainability is a major factor shaping the future of real estate. At ESR, not only do we create and operate world-class facilities for our customers and the industry, but we also strive to make meaningful economic, environmental and social contributions to local communities. Our market-leading ESG credentials include a solid track record of building and operating sustainable properties and adhering to best corporate practices, all in accordance with our ESG 2025 Roadmap. In November 2021, we closed our inaugural US$1 billion SustainabilityLinked Loan, marking our first step into sustainable financing. We also continued to achieve outstanding GRESB scores across funds and markets and attained an MSCI ESG rating of A. ESR is committed to sustainable and efficient operations and the Group continually seeks to improve the performance of its modern logistics facilities by reducing their environmental impact. We have made energy sustainability a priority by actively developing rooftop panels to further increase solar power generation in all markets. We are delighted that the project is on track to exceed its target of boosting solar power generation capacity by 50% by 2025. We engage and work closely with local authorities and organisations to build stronger communities together through a range of campaigns and initiatives. These included supporting education in rural China; sponsoring a local amateur football league in Japan to promote community engagement; and providing supplies, resources and facilities to assist COVID-19 and natural disaster relief efforts. With the acquisition of ARA and its subsidiary LOGOS - both pioneers in sustainability, we have further strengthened our ESG leadership and offerings. We will continue to support the sustainable development of APAC real estate and deepen our commitment to ESG while exploring more sustainable ways to finance and operate our business in order to create long-term value for stakeholders. Forging ahead with our people The growth of e-commerce, accelerated digitalisation and the financialisation of real estate are important secular trends. However, like most others, we continue to face challenges brought about by the pandemic, climate change and macroeconomic conditions. Under such circumstances, we need new visions and mindsets to lead, manage and drive further growth. First and foremost, ESR continues to prioritise the safety and well-being of its people. We always remain empathetic towards their needs while continuing to provide opportunities for ESR Guangdong Jieyang, China R E A C H I N G N E W H E I G H T S 42 CORPORATE GOVERNANCE
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