#12021 ANNUAL SUSTAINABILITY REPORT PLANI GRUPO#2INDEX 3 4 11 12 14 16 18 19 20 CEO Who we Affiliations, External Our Commentary are Initiatives, tenants Presence and Our team portfolio Diversity and inclusion Our 2021 results Our focus on ESG Certifications and Acknowledgements 21 23 24 25 26 27 31 Materiality Stakeholder dialogue What are our stakeholders concerned about? Main impacts, risks, and opportunities Our Contributions Corporate to the SDGS Governance Conflicts of interest 32 33 34 35 36 37 38 Business Ethics Anticorruption Compensation policies Grievance Social mechanisms Tenant health and safety About this report#3CEO COMMENTARY ●CEO 102-14, 102-15 2021 was a complex year, where the COVID-19 pan- demic continued to challenge the world with new variants that once again put the global health sectors to the test. In the local landscape, despi- te the impact of the new variants, a new normal could be seen throughout the year with the regu- larization of commercial activities as we followed appropriate protocols and sanitary measures. Thanks to this, and to a successful cost control and resource efficiency policy, I am proud to pre- sent results for our shopping centers that show clear recovery trends. We closed the year with 91.8% occupancy, total net income growth of 7.7% year on year, and EBITDA growth of 5.2% year on year. During these times of adversity, at Planigrupo we have worked to find alternatives for our tenants, seeking to maintain the long-term relationships that characterize us. We have always managed to meet our financial commitments. Achieving both was possible thanks to our business model's re- silience, our operating team's talent and having a portfolio with many tenants in industries con- sidered essential activities under the pandemic's rules, which allowed them to operate even in the worst moments of contagion. For Planigrupo, being part of the change in ter- ms of sustainability is a great responsibility, the- refore, even though we are presenting our first sustainability report, throughout our history we have carried out various initiatives to maintain close ties with the communities where our sho- pping centers and corporate centers are located, generating alliances with both associations and authorities. The commitment we have at the corporate level drives us to generate changes and continue to meet high standards of service, and likewise to show how we are making solid progress with our ESG strategy in this process. We have implemented social responsibility initia- tives such as "The World's Largest School", which supported the education of children and young people during the pandemic by providing safe spaces with high-speed internet; "Banco de Ta- pitas", which helps to pay for chemotherapy for children with cancer, collecting 39.5 tons of caps equivalent to 745 chemotherapy treatments or 1,495 doses of food supplements; and in alliance with Grupo Allen, we recycled 30 tons of PET plas- tic, equivalent to 52,460 kg of CO2. The results of our first sustainability report re- flect the efforts of Planigrupo's team members, who have made every effort and adapted quickly to new conditions. 2021 has been a year of chan- ge, and these same changes have strengthened us. We will continue to make progress in transfor- ming Planigrupo into a company that is complete- ly committed to sustainability. Sincerely, Elliott Mark Bross Umann CEO of PLANIGRUPO CEO Commentary Who we are Our focus on ESG 03 Corporate Governance Business Ethics About this GRI report Content Index#4WHO WE ARE 102-1, 102-2, 102-4, 102-6, 102-7 36 operating and stabilized retail properties [m²] Gross Leasable Area (GLA) of 780,000 m² EDAD Average asset age of 13 years. 91.8% occupancy Planigrupo LATAM S.A.B de C.V. is a leading + Mexican company in the development, design, construction, marketing, and ma- nagement of fully integrated shopping centers, with over 47 years of experience in the Mexican real estate market. Most of our properties are power centers, whe- re a supermarket serves as an anchor and other commercial premises such as banks, pharmacies, and convenience sto- res, among other businesses, are develo- ped around them, which are considered essential activities. Since our creation in 1975, our team has participated in the acquisition and de- velopment of 70 shopping centers. We have controlling interests in 35 shopping centers and a non-controlling interest in 1 shopping center. These properties are located across 18 states in Mexico. We cu- rrently operate all the properties we own. This positions us as one of the largest shopping center owners in Mexico. Planigrupo's business model is based on developing properties for lease that meet the needs of tenants and customers. We seek to create sustainable spaces, re- ducing the environmental impact of our operations, always promoting ESG stan- dards as a company. 1) Cash flow maximization: Healthy financial structure, focused on cash flow generation. 2) Conservative approach to risk: Decisions are based on analysis of finan- cial metrics. 3 Long-term strategic thinking: The management team focuses on long-term decisions with the objective of maintai- ning the company's sustained growth and good performance. Sustainability Report At Planigrupo we have been characteri- zed by a solid and conservative financial strategy, based on foresight and disci- pline in controlling expenses, orienting our actions towards the optimization of operating and control activities, thus mi- tigating operating expenses. Likewise, the business strategy also implies a con- tinuous investment in CAPEX, constantly monitoring our commercial centers so that they operate with the highest effi- ciency and quality. Our financial strategy is also very solid, 4) Team and Asset Management: Ex-based primarily on adequate risk mana- perienced management and staff, crea- gement. ting operational excellence and historical average collection levels of 98%. 5) AAA high credit quality tenants: Anchors and sub-anchors represent 75% of our GLA. Excellent long-term relations- hips with them. 6) Fully internalized operating plat- form: We are a fully internalized company throughout our projects' lifecycle: Design, Development, Construction, Administra- tion and Real Estate Management; cha- racteristics that for more than 45 years have become a differentiating advantage over other companies in the industry. CEO Commentary Who we are Our focus on ESG 04 Corporate Governance Business Ethics About this report GRI Content Index#5OUR HISTORY 1975 1978 1982 1988 Sustainability Report 1989 BEGINNING Planigrupo was founded by Eduardo Bross Tatz. The first mall for the Zapopan municipality is built. The first Planigrupo Fiesta Arboledas mall is built. Fiesta Camelinas Plaza is built. Offices are opened in Mexico City. 2007 2006 2005 2001-2002 1999-2001 Pabellon Reforma Querétaro, Mérida and Plaza Monumental were built. Plaza Real San Luis, La Nogalera, Macroplaza Insurgentes and Plaza Bella Mexiquense were built. Plaza Real Reynosa, Plaza Universidad and Super Plaza Las Haciendas are built. Plaza Real Monterrey and Plaza Bella Anáhuac are built. Construction of 14 commercial plazas with HEB anchor. 2008 2009 2011 2012 2013 Plaza Bella Valladolid, Rio Bravo, Plaza Bella Ramos Arizpe are built. Gran Plaza Cancun and Plaza Palmira begin to be managed. 2022 Plaza Bella Oaxaca, Plaza Bella San Gaspar, Plaza Bella Huinalá, Plaza Bella Acuña, Plaza Bella La Palma, Macroplaza Los Héroes and Macroplaza Puerto Vallarta are built. 2017 Plaza Bella Los Al- mendros, Macroplaza Estadio and Plaza Bella Frontera are built. 2016 Placement of a Deve- lopment Certificate Program (CKD). Paseo Santa Catarina is ac- quired, and Mall Plaza Lincoln begins to be managed. 2015 Paseo Puebla Suburbia Santa Catarina and Macroplaza Oaxaca are built. Two portfolios are acquired: one with 9 shopping centers and another with 4 shop- ping centers. 2014 100% stake in the Macroplaza Estadio and Bella Frontera pro- perties is acquired. Acquisition of Punto San Isidro and Punto Oriente properties. Urban Village Garza Sada is built. Paso Hipódromo and Paseo Solidaridad are built. Macroplaza San Luis and Paseo Alcalde are built. Acquisition of Ensenada and Los Cabos properties and a portfolio with 9 shop- ping centers. CEO Commentary Who we are Our focus on ESG Corporate Governance Business Ethics About this GRI report Content Index 05#6KEY PERIODS SINCE ITS INCEPTION 1 1975 2 1982 Planigrupo was founded by Eduardo Bross as a construction company in Guadalajara. Developed the first shopping center. PG began its relationship with Walmart Save money. Liver Since our beginnings in 1975, Planigrupo has acquired, develo- ped, and operated more than 1.5 million square meters of gross leasable area in prime locations. Planigrupo has an average total GLA increase of 8.0% per year. Planigrupo began as a developer and became a shopping center developer and manager, which builds and acquires properties for its own portfolio. In the last 5 years, Planigrupo has acquired 5 shopping centers with its own resources. 4 2001 Successful part- nership with KIMCO GE REALTY 5 2007-2008 Successful part- nership with APOLLO 7 2012 8 2012 Sustainability Report 3 1997 PG began its relationship with H-E-B 6 2010 Planigrupo began its relationship with WALTON ST CAPITAL 9 2016 Planigrupo successfully issued MX$2.5bn CKD (PLANICK12) Southern Cross joined Planigrupo to participate in its transformation. SOUTHERN CROSS GROUP Initial Public Offering on the Mexican Stock Exchange Bolsa Mexicana To date, Planigrupo has a strong and stable relationship with Walmart, HEB, Cinemex, and Cinépolis. CEO Commentary Who we are Our focus on ESG Corporate Governance Business Ethics About this report GRI Content Index 06#740 07 102-2 In the last 5 years, Planigrupo has acquired 5 shopping PLANIGRUPO'S CURRENT Sustainability Report centers with its own resources. These are currently worth 1,162.6 million pesos. RECENT ACQUISITIONS 2016 PROPERTY PORTFOLIO A Acquisition of the remaining 90% of Plaza Bella Ramos Arizpe. 12 |2| 36 34 34 34 2017 34 34 34 C 32 B 31 Acquisition of the 02 portfolio's two properties (Punto San Isidro and Punto Oriente). B L 28 2022 C Acquisition of the remaining 95% of the WALPG portfolio's two properties (Macroplaza Estadio and Plaza Bella Frontera). 2 2 2 сп 5 m 14 15 14 16 st 4 11 17 17 17 17 17 19 17 17 17 1717 1717 17 14 9 9 10 10 10 10 12 1 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 * Since 2017, 36 properties are managed (controlling and non-controlling interest). ** Not including places with non-controlling interest, except Tijuana due to its relevance in terms of revenues. Built, cumulative Acquired CEO Commentary Who we are Our focus on ESG Corporate Governance Business Ethics About this report GRI Content Index#8102-16 Sustainability Report MISSION VISION OUR VALUES To create value for our shopping centers' in- vestors and customers through a solid team of professionals that generate profitable, suc- cessful projects in the best conditions, with the highest quality of service. To be leaders in the development, design, construction, commercialization, and admi- nistration of shopping centers, being a highly competitive company always committed to the highest quality standards. ◊ Honesty ◊ Loyalty ◊ Trustworthiness ◊ Respect Ethics ◊ Transparency At Planigrupo, the organization's values, principles, standards, and norms of conduct have been established with the purpose of: Strengthen Planigrupo's good image. » >>> >>> To offer clarity to Planigrupo's team members about what is expected of them as part of the team. Facilitate decision making. >>> Promote a healthy and desirable behavior of all Planigrupo's team members. » Generate competitive advantages in the market in which Planigrupo develops. CEO Commentary Who we are Our focus on ESG Corporate Governance Business About this GRI Ethics report Content Index 08#909 OUR BUSINESS MODEL Conservative Approach to Risk A key metric for decision making. 2 1 Sustainability Report Cash Flow Maximization Sound financial structure, focused on cash flow generation. 3 Long-Term Strategic Thinking The management team focuses on long-term decisions with the objective of maintaining sustai- ned growth and the company's strong performance. Proven track record and growth management Management with over 170 years 4 of combined experience. 5 Long-Term Relationships with AAA Tenants Over 40 years of relationship and the largest landlord of Walmart 6 and HEB in México. 7 Fully internalized operating platform Profitability, operating leverage, and expertise that create significant synergies compared to third-party operated assets 75% of high credit quality tenants Anchors and Sub-anchors repre- sent + 75% of GLA Walmart, HEB., Coppel, Suburbia, Cinemex, Cinépolis, Banks. Exceptional Operational and Asset Management Team Operational excellence with an average historical collection rate of 98%. CEO Commentary Who we are Our focus on ESG Corporate Governance Business Ethics About this report GRI Content Index#1010 RISK MANAGEMENT 102-15 INTEREST RATE RISK Planigrupo's debt pays a fixed or variable rate. Va- riable rates are capped through derivatives (caps or collars), so that an increase in the interest rate would not result in a significant increase in financial costs. Sustainability Report TARGET MARKET STRATEGY AND PROPERTY LOCATION STRATEGY 102-6 Zona Poblacional Ingreso Per Cápita Demográficos Ubicación AB C+ S C, C-,D+ D,E MX$120,000 anual 70% de la población Estados con propiedades en operación INFLATION RISK Planigrupo's revenue is linked to inflation-indexed contracts. De 100 K a 20 mm habitantes FX RISK 11% of Planigrupo's revenues are dollar-denomina- ted, but there is no debt in that currency. Relaciones Anclas Oportunidad de Terrenos Densidad Urbana Acceso H-E-B Cinemex Walmart coppe GOVERNMENTAL RISK Permits (construction, zoning, etc.) are obtained di- rectly from municipal and state authorities. Las relaciones anclas deciden donde quieren REGULATORY RISK Dedicated internal and external teams are in place to anticipate any issues with COFECE, CNBV, BMV, and others. Mejor opción MX$/m² 87.7 Pop/ha La mayor accesibilidad CEO Commentary Who we are Our focus on ESG Corporate Governance Business Ethics About this GRI report Content Index#11RESULTADOS QUE TRANSFORMAN 2015 Benito Juárez City Hall, Municipal Secretariat of Ecology and Urban Development. Cancún, Quintana Roo ENCUENTRO MUNDIAL DE VALORES Encuentro Collection of recyclable waste "Reciclatón". CHARTER FOR COMPASSION 2019 Sustainability Report AFFILIATIONS, EXTERNAL INITIATIVES, CERTIFICATIONS AND ACKNOWLEDGEMENTS Mundial de Valores Support and collaboration in the project "Sowing compassion for you and the planet" International Board of "Charter for Compassion" Compassionate Company in Nuevo León, Mexico UNHCR ACNUR UN Refugee Agency (UNHCR) Support to UNHCR for refugees 102-12, 102-13 Among the external economic, environmental, and social initiati- ves that Planigrupo supports is UN Women. In terms of affiliations with sector entities or other associations, we are part of the Association of Real Estate Developers (ADI). Affiliation with Grupo Allen for social initiatives of environmental impact. Teletón Fundación 2022 Teletón Contribute to quality medical care and rehabilitation of children in CRIT Coahuila. CEO Commentary Who we are Our focus on ESG Corporate Governance Business Ethics About this report GRI Content Index 11#12Sustainability Report OUR TENANTS 102-2,102-6,102-7 Our portfolio of shopping centers includes more than 1,200 renowned national and in- ternational clients, including Walmart, HEB, The Home Depot, Cinemex, and Cinépolis. We offer 780,000 leasable square meters to convenience stores, financial institutions, laboratories and other medical services, movie theaters, and department stores, among others. Some of these have been doing business with Planigrupo for more than 40 years. It is worth noting that our main goal is to have healthy and lasting relationships with our tenants. This is why, in the wake of the pandemic, we offered various support me- chanisms to help our tenants through the most difficult times. As the government's "reactivation traffic light" system allowed for greater social and commercial mobili- ty, these supports were faded out. Most of them successfully concluded by the end of 2021. It is worth noting that commer- cial premises that have "power centers" in them were catalogued as essential during the most critical months of the pandemic, so the access to our shopping centers was never fully closed. We only maintained ac- cess controls in accordance with sanitary measures. The high quality of the tenants that make up our portfolio allowed us to show great resilience during the pandemic. Because of this, rental income was not as affected. LONG-TERM RELATIONSHIPS WITH PREMIUM TENANTS... SUPERMAKETS 53% 15% 14% 12% 6% DEPARTMENT STORES MOVIE THEATRES FOOD Walmart BANKS AND MEDICAL SERVICES Each property's location has been carefully chosen to maximi- ze exposure to a population with increasing purchasing power: ◊ Planigrupo has at least 75% of GLA leased to AAA tenants and core businesses. ◊ Strong relationships with major clients allow Planigrupo to quickly determine the location, cost, and profitability of future projects (+40-year relationship with Walmart, +25 with HEB, +20 years with Cinemex and Cinépolis). We are one of the few Walmart approved developers in the country. 36.0% 49.0% +40 years Suburbia 2 grupo elektra Cinépolis. +20 years Cinemex. de Coppel Bodega Aurrera H-E-B 56.6% +15 years CHEDRAUI THE HOME KEHI 59.0% +10 years S Grupo Sanborns 2 grupo elektra Office DEPOT High credit quality and a diversified tenant base, resulting in stable and predictable cash flow. An- chor tenant retention rate is 100% for anchor te- nants and 85% for the remainder. 12 22 CEO Commentary Who we are Our focus on ESG Corporate Governance Business Ethics About this report GRI Content Index#13102-6 H-E-B Walmart LY Bodega Aurrera Mi Tienda Sam's del Ahorro CLUB CHEDRAUI, Sustainability Report Cinemex. La magia del cine. Cinépolis. INBURSA Grupo Financiero BBVA Coppel MINI SO Soriana MODATELAS, telcel AT&T M McDonald's COFFEE MENS FACTORY KFC DQ BURGER KING THE BBANORTE DEPOT HOME Sb Suburbia HSBC Moda para la vida real Office DEPOT Parisina AutoZone DEVLYN ¦ ® petco Santa Clara DESDE-1924 Super *Carl's Jr. CHARBROILED BURG D Santander marti Vivir es un deporte R radioshack Pizza Hut TM Scotiabank® elektra STEREN® LIDER IN ELECTRONICS Domino's movistar T.G.I.L FRIDAYS VIPS FAMSA Superama Sanborns Brewing Co. SierraMadre Las BELTARVARY, ZEMÍCEESTE AUTAS WINGS-LIBS BURGERS SALABS Applebee's Colchones peter piper pizza. dico impuls M JULIO. INovasport SALLY Caliente DETSOL MERECE TU CONFIANZA. C&A SALLY BEAUTY SUPPLY" CASINOⓇ CEO Commentary Who we are Our focus on ESG Corporate Governance Business Ethics About this report GRI Content Index 13#1414 PRESENCE AND PORTFOLIO 102-2, 102-3, 102-4, 102-6, 102-7 We have two corporate offices. One is in the State of Mexico, where the General Management, Finance, Legal, and Projects teams are located, among other support areas. The other is in Monterrey, where the Cons- truction, Marketing, and Operations areas are located. Operations are carried out at each shopping center. We currently have 36 shopping centers and two corporate offices, distributed across 18 states in Mexico; 1) Baja California; 2) Baja California Sur; 3) Sonora; 4) Chihuahua; 5) Chihuahua; and 6) Chihuahua; 3) Sonora; 4) Chihuahua; 5) Coahuila; 6) Nuevo Leon; 7) Tamaulipas; 8) San Luis Potosi; 9) Nayarit; 10) Jalisco; 11) Queretaro; 12) State of Mexico; 13) Hidalgo; 14) Puebla; 15) Oa- xaca; 16) Michoacan; 17) Campeche; 18) Quintana Roo. Our customers are from the public and private sectors, large multina- tional supermarket chains (Walmart, HEB, BBVA, etc.), as well as national movie theater chains and other service shops. These benefit a C, C- and D+ segment of the population, equivalent to approximately 70% of the Mexican population. Our shopping centers are strategically located in the northern, central, and southern regions of the country. Planigrupo's portfolio is well diversified throughout Mexico, located in densely populated, high-growth, urban areas. Each property's location has been carefully chosen to maximize exposure to a population with growing purchasing power. 344,417 122,451 Northeast Northwest 14 GLA Sustainability Report 115,700 106,454 56,275 26,412 7,510 West Central Southeast Southwest Metropolitan MALLS 7 6 5 2 1 1 4% 14% 23% 59% Pads Others Sub-anchor Anchor Northeast Northwest West Central Southeast Southwest Metropolitan CEO Commentary Who we are Our focus on ESG Corporate Governance Business Ethics About this GRI report Content Index#15102-4 1 Centro Comercial López Mateos Sustainability Report 2 Gran Plaza Cancún Lago Real Centro Comercial 4 Macroplaza Estadio 5 Macroplaza Galerías del Valle 6 Macroplaza Insurgentes 5 35 7 Macroplaza Monumental 6 8 Macroplaza Oaxaca 9 Macroplaza San Luís 17 10 Mall Plaza Lincoln 11 Paseo Alcade 12 Paseo Hipodrómo 13 Paseo Puebla 14 Paseo Reforma 15 Paseo San Juan 16 Paseo Santa Catarina 17 Paseo Solidaridad 18 Plaza Bella Anahuac 19 Plaza Bella Frontera 20 Plaza Bella Huinala 21 Plaza Bella Mexiquense 22 Plaza Bella Ramos Arizpe 23 Plaza La Nogalera 24 Plaza Palmira 25 Plaza Real Reynosa 26 Plaza Real Saltillo 27 Plaza Universidad 28 Puerta Hierro 29 Punto Oriente 30 Punto San Isidro 31 Reynosa II (Bodega Aurrera) 32 Super Plaza Las Haciendas 33 Urban Village Ciudadela 34 Urban Village en Garza Sada 35 Walmart Ensenada 36 Walmart San José del Cabo 1 7 22 26 19 23 18 34 16 20 10 36 14 31 25 9 3 28 27 15 11 33 24 2 13 30 29 12 4 21 32 8 15 CEO Commentary Who we are Our focus on ESG Corporate Governance Business Ethics About this report GRI Content Index#1616 OUR TEAM 102-7, 102-8, 102-41 Sustainability Report As of December 31st, 2021, Planigrupo's team consisted of 251 full-time team members (131 men, 120 women). All our team members have a permanent employment contract, and none of them are unionized. EDUARDO BROSS FOUNDER/CHAIRMAN ELLIOTT BROSS CEO Founder of Planigrupo in 1975 and currently Chairman of the Board of Directors. Has developed 70 retail projects across Mexico. He is an architect from the University of Guadalajara, and holds a master's degree in urban development from the University of Washington. Responsible for the execution of Planigrupo's strategy. Has participated in the deve- lopment of 67 shopping centers, with a value equivalent to US$1.5bn. Extensive expe- rience in the financial sector and strategic management. Has executed several joint ventures with international investors such as Kimco, GE Capital, AREA, and Walton Street Capital. He led the efforts in Mexico for the first CKD financing. CFO CONRADO ALBA Holds an MBA in International Fi- nance and Banking from the Uni- versity of Birmingham, UK. Former CEO of (CFE) Fibra E. COO KARIME GARZA Experience within PG, Project Lea- der, Project Manager in the cons- truction, development, and mana- gement of 36 shopping centers in Mexico. LEGAL DIRECTOR JOSÉ IGNACIO MORENO Has worked in several renowned law firms, such as Creel, García-Cuellar y Müggenburg, S.C. and Mijares, An- goitia,Cortés y Fuentes, S.C. CONSTRUCTION MANAGER CARLA RANGEL Has held various positions in PG. including Project Manager and Site Manager, and was Project Manager at Objetivo Proyecto for 5 years. ADMINISTRATIVE DIRECTOR MARIO LUIS HERNÁNDEZ Has executed several operations involving financial partnerships, development, and construction of real estate projects. IRO JORGE ADRIÁN ARAUJO Has managed the relationship and management of real estate pro- jects with national and internatio- nal financial institutions. Has acted as a consultant for the valuation of companies and projects. Our team members are the company's most important asset. Thanks to them, that we can meet all our goals and objectives. That is why we are committed to provi- ding them with a good workspace, better benefits, training, and everything they need to feel valued and recognized. CEO Commentary Who we are Our focus on ESG Corporate Governance Business Ethics About this report GRI Content Index#17OUR WORKFORCE 102-7 Sustainability Report STAFF DISTRIBUTION BY AGE RANGE AND GENDER Our team members' information depends on the Human Resources Management. We have an executive in each corporate office, both in the State of Mexico and in Mon- terrey. The Human Resources Department reports to the Administration Department, and each department follows up on personnel hiring and compliance with the Code of Ethics. Furthermore, each location where we operate has an administrator, who reports to an Asset Manager who manages that location and others. All Asset Managers report to the Operations Department. This department controls marketing, administration, maintenance, collec- tion, and contract control. Planigrupo has adopted training and safety programs within its activities to protect the health and safety of all team members. They must comply with all applicable health and safety laws and regulations. As of the fourth quarter of 2021, 98.8% of personnel were fully or partially vaccinated. Of these, 86.6% were fully vaccinated, while 12.2% had received only one vaccine dose. Only 1.2% of the total number of personnel were awaiting their first dose. MEN 18-30 YEARS 31-40 YEARS 41-50 YEARS +50 YEARS = 133 30 54 31 18 WOMEN 18-30 YEARS 31-40 YEARS 41-50 YEARS +50 YEARS = 118 51 34 26 7 STATE OF MEXICO TOTAL=251 MONTERREY CORPORATE CORPORATE 36% 40% 60% 64% 32 18 MALLS 58% 42% 34 52 17 17 67 48 TOTAL=251 CEO Commentary Who we are Our focus on ESG Corporate Governance Business Ethics About this report GRI Content Index#18DIVERSITY AND INCLUSION 102-7, 405-1 Sustainability Report At Planigrupo we accept and respect diverse perspectives, supporting everyone and genera- ting an equitable environment with diversity and inclusion. On Women's Day, conferences were held where Women's Leadership was denoted. Karla Ahu- mada (Winner of the Tec Woman Award 2021) and Paola Espinoza (athlete) were invited as guests. This with the aim of promoting the empowerment of women. Team members' distribution by OPERATION position MANAGEMENT DIRECTORS 118-53.6% 9-37.5% 5-71.4% = 132 102-46.4% 15-62.6% 2-28.6% = 119 Board of directors 11- 100% New hires 11-100% = 11 = 11 CEO Commentary Who we are Our focus on ESG Corporate Governance Business Ethics About this report GRI Content Index 18#19OUR 2021 RESULTS 102-7 FINANCIAL RESULTS AS OF THE END OF 2021 2021(1) TOTAL ANNUAL 2020 (1) Var% 20211) FOURTH QUARTER 2020(1) Sustainability Report Var% Total income 1,461,840 1,359,429 7.50% 393,857 Provision for uncollectible accounts -54,817 -53,122 3.20% -15,866 362,478 -12,985 Total revenues- net ΝΟΙ NOI margin EBITDA EBITDA MARGIN (2) FFO(3) 1,407,023 1,306,307 7.70% 377,991 349,493 8.70% 22.20% 8.20% 1,138,728 1,051,350 8.30% 311,047 280,641 10.80% 80,90% 80.50% 0.40% 82.30% 80.30% 2.00% 835,136 793,726 5.20% 221,601 208,607 6.20% 59.40% 60.80% -1.40% 58.60% 59.70% -1.10% 179,557 377,999 -52.50% 62,046 83,930 -26.10% 144,803 349,625 -58.60% 39,519 60,892 -35.10% Adjusted FFO(3) Figures in thousands of pesos. [1] Includes the results of the controlling and non-controlling interest subsidiaries, which we manage and operate. [2] NOI and EBITDA margin refers to the result, expressed as a percentage, of dividing NOI or EBITDA by total revenues net of provision for uncollectible accounts. [3] Includes unpaid accrued interest derived from debt service payment rescheduling, which represents a liability accrual that will be gradually settled as of September 2020. Net sales for both private and public sector organization were $1,407 billion in 2021. Our capitalization as defined by the market is 5.4 billion pesos, where, as of December 31st, 2021, we have consolidated debt of 8.7 billion pesos. CEO Commentary Who we are Our focus on ESG Corporate Governance Business Ethics About this GRI report Content Index 19#20OUR FOCUS ON ESG 103-2, 103-3 At Planigrupo we are aware of the impacts we have on the environment and society, as well as our fiduciary duty to all our stakeholders. Therefore, during 2021 we decided to reinforce our sustainability strategy by conducting our first materiality analysis to guide new initiatives and strengthen existing initiatives. We have implemented social responsibility initiatives such as "The World's Largest School", which supported the education of children and young people during the pandemic by providing safe spaces with high-speed internet; "Banco de Tapitas", which helps pay for chemotherapy for children with cancer, collecting 39.5 tons of caps equivalent to 745 chemotherapy pills or 1,495 doses of food supplements; and in alliance with Grupo Allen, 30 tons of PET plastic were recycled, equivalent to 52,460 kg of CO2 39.5 TONS ل 302 TONS PET 20 20 7464 CHEMOTHERAPIES Sustainability Report CEO Commentary Who we are Our focus on ESG Corporate Governance Business Ethics About this report GRI Content Index#21MATERIALITY 102-21, 102-29, 102-42,102-46 In 2021, Planigrupo's first materiality analysis was conducted to develop a robust and more impactful ESG strategy. The goal of this exercise was to define which were the material (or most important) issues for the organization and its stakeholders. With this, we hope to be able to optimize resources in strate- gies that generate the greatest benefit for all, as well as to recognize potential risks in the operation. To conduct the materiality analysis, with the help of our advisor Miranda ESG, we surveyed a represen- tative number of each of our stakeholder groups. This survey was delegated internally to the Finance Department, which in turn presented the results to the Board of Directors and the Technical Committee. Here, different economic, competition, environmen- tal, social, operational, financial, etc. topics are ob- served. The basis for identifying and selecting the partici- pating stakeholders was all those groups that are directly involved in the traditional operating proces- ses of the business in accordance with our corporate purpose. Directors 6% Suppliers 24% STAKEHOLDER SURVEY Board 9% Tenants 8% Sustainability Report Investors 7% Banks Team members 13% 26% Others 7% INTERNAL VS EXTERNAL 40% Internal 60% External CEO Commentary Who we are Our focus on ESG 21 Corporate Governance Business Ethics About this report GRI Content Index 21#22With the responses on how relevant each factor we included in the sample was, we constructed the following matrix where the results are ordered from the fac- tors chosen as most to least relevant and plotted across two dimensions: LIST OF POTENTIAL MATERIAL TOPICS - X-axis: The importance of ESG impacts on the business. - Y-axis:Influence on stakeholder evaluations and decisions. Influence on stakeholder evaluations and decisions General 26 6 Material 11 3 1 12 29 19 18 17 13 30 4 10 28 7 25 14 16 33 21 31 5 24 Sustainability Report MATERIAL TOPICS 11. Business ethics 12. Corporate Governance 3. Property quality 1. Risk management 5. Team member engagement 24. Business model resilience 2. Tenants' well-being 21. Labor practices 31. Property security 26. Team member health and safety 29. Team member satisfaction 19. Legal and regulatory environment management URGENT TOPICS 30.Tenant satisfaction 33. Systems and technology 23. Community relations 20. Grievance mechanisms 8 22 27 Emerging 15 32 23 20 Urgent Importance of ESG impacts on business The matrix shows that 12 potential material topics were found in the analysis. As a first phase of the ESG strategy's development, we have started working on two material topics to reinforce our existing practices: Business Ethics and Corporate Governance. Over the next three years we will be addressing and defining policies for each of the twelve material topics identified. We will also seek to align ourselves with initiatives, recommendations and frameworks that enhance our strategies in fi- ghting climate change and fostering economic development. GENERAL TOPICS 6. Human rights 18. Water and wastewater management 17. Energy management EMERGING TOPICS 13. Ecological impact 16. Waste management 4. Energy certifications 10. Climate change strategy 28. Tenant health and safety 32. Data security 7. Diversity and inclusion 15. Supply chain management 25. Community health and safety 22. Tenant privacy 14. Climate change physical impacts 8. Greenhouse gas emissions 27. Contractor health and safety 9. Philanthropic efforts CEO Commentary Who we are Our focus on ESG Corporate Governance Business Ethics About this report GRI Content Index 22 22#23STAKEHOLDER DIALOGUE 102-21, 102-33, 102-40, 102-43 Sustainability Report The most recent stakeholder dialogue exercise was through the materiality analysis, during which all our stakeholders were consulted to define the main material topics. However, we are in close contact with these groups through different channels and materials: STAKEHOLDER GROUP Banks COMMUNICATION CHANNEL COMMUNICATION FREQUENCY Quarterly reports, periodic ESG surveys, ESG questionnaires, etc. At least quarterly Team members Whistleblower channel, Weekly newsletter with internal content and sector news Board of Directors Board meetings, Committee meetings Directors Team meetings, Investment and Audit Committees Constantly Weekly Quarterly Daily Weekly Quarterly Constantly Tenants Investors Rating agencies Suppliers Whistleblower channel, website, client portal Quarterly and annual reports, ordinary and extraordinary meetings, periodic ESG surveys Quarterly and annual reports, press releases Whistleblower channel, supplier portal Monthly, quarterly, and annually Constantly Quarterly and annually Constantly CEO Commentary Who we are Our focus on ESG 23 Corporate Governance Business Ethics About this report GRI Content Index#24WHAT ARE OUR STAKEHOLDERS CONCERNED ABOUT? 102-34, 102-44 Sustainability Report Based on the responses to the materiality analysis survey, we can identify the ESG issues that are most and least relevant to each of our stakeholder groups. All these concerns were shared with our Board of Directors and Technical Committee, who are responsible for overseeing the organization's response to any critical concerns. Planigrupo seeks to respond to these issues and concerns by developing an action plan to address each material topic, defining KPIs for them and setting improve- ment targets for each 24 24 Business ethics Property quality Corporate Governance Team member engagement BANKS Systems and technology Greivance mechanisms Data security Tenant privacy Business ethics Corporate Governance Business model resilience Risk management BOARD Climate change strategy Contractor health and safety Philanthropic efforts Greenhouse gas emissions Tenant well-being Business ethics Property quality Risk Business ethics Tenant well-being Risk management Corporate Governance Risk management Business ethics Business model resilience INVESTORS management TENANTS Legal and regulatory environment management Physical impacts of climate change Climate change strategy Supply chain management Property quality TEAM MEMBERS Data security Contractor health and safety Philanthropic efforts Grievance mechanisms Community relations Tenant satisfaction Contractor health and safety Philanthropic efforts Business ethics Property quality Property quality Business ethics Team member health and safety Tenant well-being SUPPLIERS Systems and technology Greivance mechanisms Community relations Business model resilience Corporate Governance Philanthropic efforts DIRECTORS Diversity and inclusion Philanthropic efforts Contractor health and safety Physical impacts of climate change Risk management Business ethics Team member engagement Property quality OTHERS Greenhouse gas emissions Tenant satisfaction Tenant health and safety Physical impacts of climate change CEO Commentary Who we are Our focus on ESG Corporate Governance Business Ethics About this report GRI Content Index#2525 MAIN IMPACTS, RISKS, AND OPPORTUNITIES 102-11, 102-15, 102-30, 102-31 At our senior executives' monthly meetings, relevant risks for Planigrupo in the short, medium, and long term are discussed and decisions are made. If an extraordinary risk arises that needs to be addressed expeditiously, es- pecially economic risks, it is also discussed with the Board to formalize the actions to be taken. All information related to economic, environmental, and social issues that could present challenges or opportunities for Planigrupo is reviewed, eva- luated, and decisions are made monthly in the Executive Committee, and on a quarterly basis in the Board of Directors. IMPACTS: As a development company, we have high social and environmen- tal impact in the communities where we operate. We always seek to work under an altruistic philosophy, linking our work with the communities and supporting them in our facilities with internet services and other initiatives in our shopping centers. RISKS: We understand that our shopping centers are directly exposed to the physical and transition risks associated with climate change, so it is in our best interest to take actions that help mitigate and prevent our envi- ronmental impacts in a constant fight against climate change. Similarly, we apply the precautionary principle in analyzing all risks to the company, as well as in our decision making to manage them. OPPORTUNITIES: We have great operational capacity to implement stra- tegies aimed at climate change mitigation actions, the integration of our malls in our communities and to create value for our stakeholders through our team members' talent. Sustainability Report CEO Commentary Who we are Our focus on ESG Corporate Governance Business Ethics About this GRI report Content Index#26OUR CONTRIBUTIONS TO THE SDGS 102-12 Sustainability Report At Planigrupo we want our efforts to be aligned with international frameworks that work for the sustainable development of communities, companies, and countries as a whole. Therefore, we link our approaches to the topics we consider most material to our business with the United Nations' Sustainable Development Goals. 8 DECENT WORK AND ECONOMIC GROWTH 16 PEACE AND JUSTICE STRONG INSTITUTIONS 17 PARTNERSHIPS FOR THE GOALS GOALS 8.3 8.5 8.8 PLANIGRUPO'S APPROACH We seek to ensure that Planigrupo contri- butes to the creation of decent jobs in the communities in which we operate. Attractive working conditions are available to all women and men, including young people and those with disabilities, and we are steadily moving closer to equal pay for work of equal value. Within this, we protect labor rights and pro- mote a safe and secure working environment for all Planigrupo team members. GOALS 16.3 16.5 16.6 PLANIGRUPO'S APPROACH Our entire operation is aligned with applica- ble national and international policies and regulations to ensure that we are an effec- tive and transparent company in everything we do. We have internal policies and guideli- nes to educate our stakeholders on the be- havior and manners expected of them when dealing with Planigrupo. We will be measu- ring and monitoring any complaints or alle- gations that may arise with respect to our business. We work to eliminate corruption and bribery in all its forms. GOALS 17.5 17.17 PLANIGRUPO'S APPROACH At Planigrupo we want to promote invest- ments in favor of Mexico, which is why we seek to work with tenants of national and international stature. We will be promoting collaboration between the public and private sectors, as well as cooperation with civil so- ciety, taking advantage of our alliances' ex- perience and strategies in obtaining resour- ces to promote local economic development. CEO Commentary Who we are Our focus on ESG 26 Corporate Governance Business Ethics About this report GRI Content Index#27CORPORATE GOVERNANCE 102-18, 102-19, 102-20, 102-22, 102-23, 102-26, 102-27, 103-1, 103-2, 103-3 Why is this topic material to Planigrupo? It is our priority to have the best Corporate Governance to ensure that all our stakeholders' interests are aligned. With this we seek to generate value for all stakeholders in a sustaina- ble way throughout the company. We aim to have a best-in-class corporate governance, prioritizing transparency, accountabi- lity, performance, and disclosure of information. Our management of this topic Having good corporate governance is our guiding principle, the foundation of our integrity, which safeguards our long-term objectives. We ensure good governance through transpa- rency, representativeness, use of best practices, the resolution of conflicts of interest, and care for asymmetric information in decision making. KPIs Number and % of board members who are independent. Sustainability Report TARGET CURRENT 3/11 3/11 Number and % of board members receiving training during the year. 11/11 0/11 Percentage of board members attending Board of Directors meetings (Board of Directors and Executive Committee). 100% As part of the process to raise awareness and strengthen Corporate Governance, we will conduct ESG training for Board Members/Managers during 2022. 01 Chairman, Proprietary Member Eduardo Bross Tatz 02 Proprietary Member BOARD OF DIRECTORS MEETINGS PERIODICITY: QUARTERLY Elliott Mark Bross Umann 03 Proprietary Member Benjamín Asher Bross Umann 04 Proprietary Member Sebastián Agustín Villa 05 Proprietary Member Cesar Pérez Barnés 100% 06 Proprietary Member Marcos Alfredo Mulcahy 07 Proprietary Member Diego Acevedo Rehbein 08 Proprietary Member Gonzalo Alende Serra 09 Independent Member Miguel Ángel Everardo Malaquias Castro González 10 Independent Member Luis Héctor Rodríguez-Navarro Oliver 27 27 11 Independent Member Salomón Joseph Woldenberg Rusell CEO Commentary Who we are Our focus on ESG Corporate Governance Business Ethics About this report GRI Content Index#28EXECUTIVE AND INVESTMENT COMMITTEE 01 Chairman, Proprietary Member PERIODICITY: MONTHLY 02 Proprietary Member 03 Eduardo Bross Tatz Elliott Mark Bross Umann Sustainability Report EVENTUALLY, WE ALSO WANT TO MONITOR: Proprietary Member Benjamín Asher Bross Umann Percentage of operations assessed for ESG risks. Percentage of board members with compensation linked to the fulfillment of ESG objectives. 01 AUDIT AND CORPORATE PRACTICES Independent Member Miguel Ángel Everardo Malaquias Castro González COMMITTEE PERIODICITY: QUARTERLY 02 Independent Member Luis Héctor Rodríguez-Navarro Oliver 03 Independent Member Salomón Joseph Woldenberg Rusell COMPENSATION COMMITTEE 01 Proprietary Member PERIODICITY: ANNUAL Elliott Mark Bross Umann 02 Proprietary Member Marcos Alfredo Mulcahy SPECIFICALLY, OUR CORPORATE GOVERNANCE IS FOCUSED ON: Improving interactions between the Board of Directors, Committees and Management. Mitigating any possible conflict of interest ◊ Making decisions that maximize the company's value Fostering a disciplined reporting and follow-up culture Being fully transparent in its operations Full disclosure of transactions in appropriate financial reports Sound corporate governance structure and practices aligned with the industry CEO Commentary Who we are Our focus on ESG Corporate Governance Business Ethics About this report GRI Content Index 28#29102-24, 102-28 The nomination and selection of the highest gover- nance body is carried out by the Shareholders' Mee- ting. The criteria used to nominate and select the hi- ghest governance body members include: 0 Stakeholder participation (including sharehol- ders). Members' independence. Members' knowledge and experience in econo- mic, environmental, and social issues. The process of delegating authority for economic, environmental, and social issues from the highest governance body to senior executives and other team members is carried out through the Chief Exe- cutive Officer, in agreement with the majority of Board members. The actions to be taken are dele- gated according to what is necessary for the proper management of each issue, considering the business functions of Planigrupo's different Departments. Se- veral positions have been designated in the different areas, the most involved being the Legal, Construc- tion, Operations, and Finance areas. They all report di- rectly to the highest governing body monthly. When there is no Board of Directors, the Technical Commit- tee meets. In the months when there is a Board of Di- rectors, these matters are discussed directly at the corresponding meeting. The functions performed by senior executives and the highest governance body include the following: the development, approval and updating of the organization's purpose, value or mission statements, strategies, and policies and objectives related to economic, envi- ronmental, and social issues. The Meeting approves business indicators to be achieved by the team annually and assigns the ful- fillment of these metrics to different areas of the company. Therefore, the highest governance body and key executives' performance evaluation is ba- sed on the achievement of all stipulated goals. Their compensation is also linked to their fulfillment. COMMITTEES Executive and Investment Committee Composed of management and 3 independent board members - Meets monthly Audit and Corporate Practices Committee Composed of 3 independent directors - Meets quar- terly Compensation Committee Composed of 3 independent board members - Meets annually Benefits of our corporate governance mode Strengthens corporate governance 0 Better interaction between the Board of Direc tors, Committees and Management. Sophisticated investors can question the results of external operating models employed by other real estate companies. Mitigates any potential conflict of interest Internalization reduces the principal-agent pro- blem. Management compensation is better allocated based on performance and long-term metrics. Sustainability Report 29 29 CEO Commentary Who we are Our focus on ESG Corporate Governance Business Ethics About this report GRI Content Index#3030 102-27 01 Eduardo Bross Tatz (Chairman) INDEPENDENT No GENDER H AGE 79 BOARD OF DIRECTORS' PROFILES 02 Elliott Mark Bross Umann INDEPENDENT No GENDER H AGE 51 03 Benjamín Asher Bross Umann INDEPENDENT No GENDER H AGE 04 Sebastián Agustín Villa INDEPENDENT No GENDER H AGE EXPERIENCE Architecture and construc- tion, urban planning, infras- tructure, real estate invest- ments. EXPERIENCE Real estate development and acquisition, financing. securities issues, invest- ments, political science. 46 EXPERIENCE and Architecture. design construction, urban design. 05 Cesar Pérez Barnés INDEPENDENT No GENDER H AGE 53 06 Marcos Alfredo Mulcahy INDEPENDENT No GENDER H AGE 45 07 Diego Acevedo Rehbein INDEPENDENT No GENDER H AGE 46 48 EXPERIENCE Real estate, private equity, consulting, energy, econo- mics. 08 Gonzalo Alende Serra INDEPENDENT No GENDER H AGE 51 09 Miguel Ángel Everardo Mala- quias Castro González (1, 2, 3) INDEPENDENT Yes GENDER H AGE EXPERIENCE Energy, consulting, entre- preneurship and philanthro- py. business management, engineering. EXPERIENCE private Entrepreneurship, mergers and acquisitions, equity, connectivity techno- logies, energy, economics. EXPERIENCE Senior management, con- sulting and private equity, energy. telecommunica- tions, consumer goods, en- gineering. EXPERIENCE in- Management, energy. dustrial manufacturing. infrastructure. consulting. accounting, finance. 10 Luis Héctor Rodríguez Navarro Oliver (1, 2, 3) INDEPENDENT Yes GENDER 11 Salomón Joseph Woldenberg Russell (1, 2, 3) INDEPENDENT Yes GENDER H AGE 51 EXPERIENCE Consumer discretionary de- sign and distribution, finan- ce, engineering, economics, management. H AGE 55 EXPERIENCE Management, manufacturing, goods. industrial consumer (1) Part of the Executive and Investment Committee (2) Part of the Audit and Corporate Practices Committee (3) Compensation Committee 71 EXPERIENCE Accounting, auditing. Sustainability Report CEO Commentary Who we are Our focus on ESG Corporate Governance Business Ethics About this report GRI Content Index#31CONFLICTS OF INTEREST 102-25 Sustainability Report The procedures followed by the highest governance body to ensure that conflicts of interest are avoided and managed are based on the Securities Market Law's provisions. Independent Board Members and, if applicable, their respective alternates, must be se- lected for their experience, capacity, and professional prestige, with a focus on performing their duties free of conflicts of interest. We strive to ensure that their personal, patrimonial, or economic interests never exceed those of the company, nor compromise it. Under no circumstances may the following persons be appointed or serve as independent Board members: The company's relevant executives or team members or those of the legal entities that form part of the business group or consortium to which the company belongs, as well as the statutory auditors of the latter. The aforementioned limitation shall be applicable to those individuals who have held such posi- tions during the twelve months immediately preceding the date of appointment. II. Individuals who have significant influence or power of command in the company or in any of the legal entities that make up the business group or consortium to which the com- pany belongs. III. The shareholders that are part of the group of persons that maintain control of the company. IV. Clients, service providers, suppliers, debtors, creditors, partners, advisors, or team members of a company that is a client, service provider, supplier, debtor, or important creditor. A customer, service provider or supplier is important when the sales of the company represent more than ten percent of the total sales of the customer, service provider or supplier during the twelve months prior to the date of appointment. Likewise, a debtor or creditor is important when the amount of the credit is greater than fifteen percent of the company's own assets or those of its counterparty. V. Those related by blood, affinity, or civil relationship up to the fourth degree, as well as the spouses or common-law spou- ses of any of the individuals referred to in items I to IV. Although it is true that there is no prohibition against being a Board member or member of other companies' committees, the proper fulfillment of the Board members' or members' responsi- bilities may require significant time, which could eventually re- present a conflict of interest for Planigrupo's Board members. CEO Commentary Who we are Our focus on ESG 31 Corporate Governance Business Ethics About this report GRI Content Index#32BUSINESS ETHICS 102-17, 102-34,103-1, 103-2, 103-3 Why is this topic material to Planigrupo? Business ethics is one of our corporate values. We are convinced that only by be- ing an ethical company we can continue to generate sustainable value over time. That is why we always look to uphold the highest standards of ethics in the orga- nization. Our management of this topic Planigrupo has people committed to the best and highest standards of conduct in the performance of their duties, especially in their relations with customers, tenants, shareholders, team members, society, and the authorities in general. This can only be achieved through the good example of all our team members and by conducting our activities and business in compliance with the applicable regu- latory framework, as well as with rules and codes of ethics and conduct. Our complete Code of Ethics is available here, and serves as a framework, policy and guidelines for conduct based on and consistent with the company's mission, vision, and values. It is the responsibility and obligation of each team member to know and understand the values and principles presented in this document. Likewise, it is a collective responsibility to participate in the dissemination and review programs of this Code that are established periodically. KPIS 2021 TARGET CURRENT Update the Code of Ethics and Conduct every two years. 2022 2022 Percentage of team members that received and sig- ned the certificate of agreement with and unders- tanding of the Code of Ethics and Conduct. 100% 100% Percentage of operations that were evaluated for co- rruption risk during the year. 100% 100% Number of complaints received in the complaints mailbox that have not been dealt with. 0 0 Eventually, we also want to monitor: Sustainability Report Percentage of staff trained on knowledge of the Code of Ethics and Conduct. Objective: 100% of team members trained. Number of complaints received in the complaints mailbox during the year. Number of cases resolved during the year. Number of cases where something was found to be out of line (and any costs associated with this conduct). Number of cases still under investigation. As an entry rule when joining Planigrupo, all new hires read and sign the Code of Ethics and Conduct. In 2021, 100% of our team members read, understood, and accepted the Code of Ethics. We understand the importance of seeking ethical solutions not only internally, but also externally. Our objective is to continue to evolve in the business ethics area, first focusing our activities on improving internally as a work team, and later involving other stakeholders such as suppliers and contractors. Thus, in this first stage, and as part of our first sustainability report, the focus only involves activi- ties for Planigrupo's team members. To broaden and deepen the scope of Business Ethics' importance, the Code of Ethics and Conduct will be updated on a biannual basis. During 2022, this code will be presented to the Management Committee for approval. Training on the Code of Ethics and Conduct will also be provided to team members annually. We will seek to have at least 70% of our team members trained, and we will request that all of them accept and sign the new Code. 32 Percentage of team members trained in ethics issues 100% 0 CEO Commentary Who we are Our focus on ESG Corporate Governance Business Ethics About this GRI report Content Index#33ANTICORRUPTION 205-1, 205-2, 205-3 Sustainability Report At Planigrupo, it is strictly forbidden to make or allow, directly or indirectly, improper payments, bribes, gifts, or invitations to any third party or authority to influence any decision that could help Planigrupo obtain or retain any business or improper advantage. We also refrain from engaging in activities that could be construed as bribery, extortion, or corruption. The Code of Ethics and Conduct outlines the beha- vior that Planigrupo's team members must follow in situations that may involve corrupt acts. To avoid this type of conduct, annual training sessions will be held for team members and Board members. If any Planigrupo team member is being subjected to, or has knowledge of, any act of bribery, extortion, or corruption with respect to their work functions and activities, inside or outside the organization, they must report it or denounce it immediately through the means provided for it in the Code of Ethics. Suppliers and customers who consider that a Pla- nigrupo team member is participating or acting co- rruptly must immediately inform Planigrupo, the team member's line manager, or through the establi- shed whistleblowing channels. We do not conduct business with third parties that are involved in, among others, acts of corruption, drug trafficking, human trafficking, robbery, extor- tion, or organized crime. Any group involved in con- troversial sectors will be excluded from the supplier, customer, contractor, and any other external service provider selection process. If the company learns or it becomes public knowled- ge that a supplier, professional, client, lessee, or any third party is involved in a corrupt or illicit act, after having entered a contract with the organization, Pla- nigrupo's Legal Department, or whoever is designa- ted in particular cases, will analyze the situation, and make the guidelines to be followed and actions to be taken known. This could include the relationship's termination with the responsible counterparty. 100% of our operations are assessed for risks related to corruption. During 2021, there were no confirmed cases in which contracts with business partners were terminated or renewed due to corruption-related in- fractions, nor public legal cases related to corruption brought against Planigrupo or its team members. During 2022, we will be providing introductory ESG training to all team members, directors, and board members. This will increase their understanding and knowledge of the different environmental, so- cial, and corporate governance factors that make a company sustainable. Therefore, anticorruption will be addressed as part of the training, with the inten- tion of being able to report the number of hours that each team member allocated to studying this topic. Likewise, as mentioned above, training will be offe- red to personnel on the Code of Ethics and Conduct, which addresses anticorruption in detail. Anti-money Laundering All relevant national and international anti-money laundering and counter-terrorist financing regula- tions and policies must be complied with within Mexi- co and any other applicable foreign jurisdiction that Planigrupo has. It is our responsibility to ensure that all our business counterparties complete the con- trols and due diligence in this area required in each of the relevant jurisdictions. Planigrupo as an organization and its team mem- bers have an obligation to report criminal acts and suspicious activities to the regulatory and law en- forcement agencies in their jurisdiction. It may be a violation of law to disclose to anyone outside Plani- grupo, including the suspect, that a report of criminal or suspicious activity has been filed. Planigrupo per- sonnel should be aware of this. It is imperative that a suspicious transaction report is not disclosed in the absence of a legal obligation to do so during the pro- cess and action taken. CEO Commentary Who we are Our focus on ESG Corporate Governance Business Ethics About this report GRI Content Index 33#34Sustainability Report COMPENSATION POLICIES 102-28, 102-35, 102-36 Annual Performance Bonus An Annual Performance Bonus (the "Bo- nus" is awarded annually to key Com- pany Team members, Managers, and Executives, based on the annual ob- jectives' fulfillment established by the Company's Board of Directors. Through a 360 evaluation, the result obtained in the annual performance evaluation will be considered. The Bonus amount to be granted to each Key Team mem- ber will be defined based on a number of days of their ordinary salary, keeping this amount private between each Key Team member and the Company. The Bonus payment will be subject to the Board of Directors' approval of the an- nual audited financial statements for the fiscal year immediately preceding the year in which the Bonus is to be paid. For the payment of the Bonus to be made to key Team members, they must comply with the following guidelines: A. That the Company has achieved B. C. the objectives established by the Board of Directors of the Company in the fiscal year immediately prior to the Bonus payment. Have worked for the Company for at least one year. Continue working for the Company at the time of payment. Equity-based payments They are defined by the Board of Direc- tors, granting a stock package to cer- tain team members who are specially selected to have the right to receive the part of the shares that corres- ponds to them from time to time. They will have to be employed by Planigrupo or its subsidiaries, so that such shares may be transferred to them at the time of maturity as appropriate. CEO Commentary Who we are Our focus on ESG Corporate Governance Business Ethics About this report GRI Content Index 34#35GRIEVANCE MECHANISMS 102-17 We also have both internal and exter- nal mechanisms for ethics advice and concerns. Any stakeholder can request advice on ethical and legal conduct, as well as on the organization's integrity. All team members have the Code of Ethics and have signed and acknowle- dged it. They also have an access line to the Code of Ethics on the corporate website: Planigrupo Corporate Governance. During 2022, we will also formalize the implementation of an internal whistle- blowing email to provide an exclusive communication mechanism for work centers. This is to strengthen our va- rious reporting channels, and to be able to address the cases reported wi- thin them. To report concerns related to unethical or illegal conduct, as well as to the or- ganization's integrity, we have a whist- leblower hotline at: [email protected] Human Rights We are committed to respecting and recognizing the human rights of each of our team members, customers, and suppliers. This is supported by our cor- porate values and policy implementa- tion. With these, we guarantee that both our team' working conditions, as well as the value chain's contractual conditions are carried out in the best possible manner. CEO Commentary Who we are Our focus on ESG Corporate Governance Business Ethics About this report GRI Content Index 35 bility#36SOCIAL 102-12, 102-13 Community Impact Sustainability Report Throughout our history, we have sought to keep a close relationship with the communities in which our shopping centers and corporate facilities are located. In doing so, we foster so- cial responsibility. We always strive to offer our support when requested, whether through the collection of goods to respond to natural disas- ters, donations to fund projects, or by offering community talks. We have promoted different initiatives to help the different communities where our shopping centers are located. Planigrupo seeks to ad- dress the population's different needs where we are present, such as nutrition, education, health of individuals and their families, as well as providing support to people with disabilities or terminal illnesses. Building a Community The communities around us are of great im- portance to us. For this reason, during 2021 we were concerned for their well-being by carrying out social events and different integration, health, and safety activities for everyone: "Banco de Tapitas", which helps pay for che- motherapy for children with cancer: during the year, 39.5 tons of bottle caps were co- llected, equivalent to 745 chemotherapies or 1,495 doses of food supplements. In conjunction with Grupo Allen, 30 tons of PET plastic were recycled, equivalent to 52,460 kg of CO2 that were no longer emi- tted into the environment. Such initiatives are implemented in some of our shopping centers. La Escuela Más Grande del Mundo: "The World's Largest School; we joined this ini- tiative like many other companies to pro- mote education and provide safe spaces for students in our malls. In 8 shopping malls (Ciudadela UV, Gran Plaza Cancun, Macroplaza San Luis, Plaza Universidad, La Nogalera, Macroplaza Oaxaca and Palmira) a space was adapted in the Food Court area for children and young students to have in- ternet access through our WIFI and conti- nue with their studies. Wherever we are present, we support other initiatives, such as the Teletón throu- gh CRIS Coahuila. We were recognized as a "Compassionate Company" in Nuevo Leon and in various recycling collections in Can- cun, among other activities. Our commitment to the community has allowed us on occasions to be a bridge between gover- nment entities and civil associations that seek to promote or provide resources or activities, with which we have generated important sy- nergies within the entities where our shopping malls are located. CEO Commentary Who we are Our focus on ESG Corporate Governance Business Ethics About this report GRI Content Index 36#37Sustainability Report TENANT HEALTH AND SAFETY Planigrupo, together with its clients, has developed and implemented pro- grams that seek to meet and exceed legal requirements to help ensure user safety in leased properties. As part of the property maintenance program, Planigrupo verifies that the properties offer reasonable safety for their users and that they have the necessary equipment to respond to accidents and/or emergencies. We also consider that our networks, systems and computer applications' se- curity and integrity are key to mitigate the risk of compromising or violating the company's security. It is fundamental for us to be preventive in cyberse- curity matters and in everything that reinforces our tenants' protection and profitability. For all processes with our tenants, we have a great legal team that oversees having everything in order and taking care of each tenant's privacy. CEO Commentary Who we are Our focus on ESG Corporate Governance Business Ethics About this report GRI Content Index 37#38ABOUT THIS REPORT 102-32, 102-45, 102-46, 102-48, 102-49, 102-50, 102-53, 102-54 In 2022, we decided to present a general approach to the environmental, social and governance commitments we made in 2021. In doing so, we sought to show our stake- holders the priority issues that our sus- tainability strategy will address. To define these issues, we conducted our first mate- riality analysis in conjunction with Miranda ESG, specialized consultants in the field. This analysis allowed us to define our fu- ture strategic direction through a series of stakeholder surveys that allowed us to un- derstand the relevance of different topics to our stakeholders. With this we were able to define the material issues for the orga- nization and chose 2 priority issues to be addressed in this first sustainability report from these material topics: Business ethics Corporate governance To describe Planigrupo's strategy with res- pect to these two material issues, we are committed to aligning ourselves with glo- bal industry best practices. As always, we will seek to maintain an open dialogue with our stakeholders as we believe this makes us a stronger company with a sustainable and socially responsible foundation. Over the next three years we will be addres- sing and defining policies for each one of the twelve material topics identified in our materiality analysis. We also intend to align our practices with initiatives, recommen- dations and frameworks that will enhance our efforts to combat climate change and promote economic development. This report presents Planigrupo's main achievements and challenges in the de- ployment of its new ESG Strategy for the period from January 1st to December 31st, 2021 and has been prepared in accordance with the GRI Standards' Core Option. This is our first report (so there are no changes to the reporting structure or adjustments to the financial figures we are required to dis- close), but we intend to update it annually going forward. All information presented has been provi- ded by the areas responsible for each Ma- terial Issue and verified internally. The final version of the report was approved by our Chief Executive Officer and the Board of Directors. All entities that are part of Pla- nigrupo were considered in all figures pre- sented in this report. Sustainability Report If you have any questions or comments about this report or its contents, please contact: [email protected] and [email protected] INVESTOR RELATIONS Adrián Araujo (55) 91.77.08.70 [email protected] PLANIGRUPO Av. Conscripto 360 Paseo Hipódromo, PB, local SA002, Col. Lomas Hipódromo Naucalpan de Juárez 53900 Estado de México. Phone # (+52 55) 9177-0870 CEO Commentary Who we are Our focus on ESG Corporate Governance Business Ethics About this report GRI Content Index 38#3939 39 GRI CONTENT INDEX 102-55 GRI Standard GRI 101: FOUNDATION 2016 GRI 102: GENERAL DISCLOSURES 2016 1) Organizational Profile Content Page(s) 102-1 Name of the organization 102-2 Activities, brands, products, and services 102-3 Location of headquarters 102-4 Location of operations 102-5 Ownership and legal form 4 4, 7, 12, 14 14 4,14-15 GENERAL CONTENTS Answer In table Sustainability Report Answer in table 4. 10, 12-14 The Company and the Issuer are used interchangeably to refer to Planigrupo LATAM. S.A.B. de C.V.. and its subsidiaries, including the investment vehicles and sub-vehicles of the irrevocable trust identified under number F/3095 (formerly F/306606, the "CKD Fund") and each of the trusts through which the CKD Fund owns certain real estate. 102-6 Markets served 102-7 Scale of the organization 4. 12. 14. 16-19 102-8 Information on employees and other workers 16-19 102-9 Supply chain Answer in table 102-10 Significant changes to the organization and its supply chain 102-11 102-12 External initiatives 102-13 Precautionary Principle or approach Membership of associations Answer in table 25 11. 26.36 11, 36 Strategy 102-14 102-15 Statement from senior decision-maker Key impacts, risks and opportunities 3 3. 10. 25 3) Ethics and integrity 102-16 Values, principles, standards, and norms of behavior 8.16 102-17 Mechanisms for advice and cocerns about ethics 32.35 Information not available. We expect to begin generating this information in the next year. No changes in the share capital structure and other capital formation, maintenance and alteration transactions since 2016. CEO Commentary Who we are Our focus on ESG Corporate Governance Business Ethics About this report GRI Content Index#40102-55 4 Governance Sustainability Report 102-18 Governance structure 27-28 102-19 Delegation of authority 27-29 Executive-level responsibility for economic. 102-20 27-29 environmental, and social topics Consultation of interest groups on economic. 102-21 21-23 environmental, and social topics 102-22 Composition of the highest governance body and its committees 27-28 102-23 Chair of the highest governance body 27 It is important to mention that the Chairman of Planigrupo's highest governance body, Eduardo Bross, does not serve as the Chief Executive Officer of the company. The Chief Executive Officer is Elliott Bross. 102-24 Nominating and selecting the highest governance body 29 102-25 Conflicts of interest 31 102-26 Role of the highest governance body in setting purpose. values, and strategy 27-29 102-27 Collective knowledge of the highest governance body 27.30 Evaluating the highest governance body's 102-28 29.34 performance Identifying and managing of economic. 102-29 21-22 environmental, and social impacts 102-30 Effectiveness of risk management processes 25 102-31 Review of economic, environmental, and social topics 25 102-32 Highest governance body's role in sustainability reporting 38 The final version of the report was approved by the CEO and the Board of Directors. 102-33 Communicating critical concerns 23 102-34 102-35 Nature and total number of critical concerns Remuneration policies 24,32 34 102-36 Processes for determining remuneration 34 102-37 Stakeholders involvement in remuneration Answer in table 102-38 Annual total compensation ratio 102-39 Percentage increase in annual total compensation ratio Answer in table Confidentiality issues Answer in table Confidentiality issues CEO Commentary Who we are Our focus on ESG Corporate Governance Business Ethics About this report GRI Content Index 40#41102-55 5) Stakeholder engagement 102-40 102-41 102-42 102-43 List of stakeholder groups Collective bargaining agreements Identifying and selecting of stakeholders Approach to stakeholder participation 23 16 21-22 23 22.24 Sustainability Report 102-44 Key topics and concerns raised 6) Reporting practice 102-45 Entities included in the consolidated financial statements 38 All the entities that are part of Planigrupo were considered in all the figures presented in this report. 102-46 Defining the report content and topic Boundaries 21-22.38 102-47 List of material topics 22 102-48 Restatements of Information 38 This is Planigrupo's first sustainability report, so there are no restatements or adjustments to the information disclosed. 102-49 Changes in reporting 38 102-50 Reporting period 38 This is Planigrupo's first sustainability report, so there are no changes in the structure or preparation of this report. January 1 and December 31, 2021 102-51 Date of most recent report 102-52 Reporting cycle Answer in table This is Planigrupo's first sustainability report, which from now on will be published annually. Answer in table Annual 102-53 Contact point for questions regarding the report 38 Should you have any questions or comments about this report or its contents, please contact: [email protected] and [email protected]. 102-54 Claims of reporting in accordance with the GRI Standards 38 102-55 102-56 GRI content index 39-42 External assurance 38 All information presented has been provided by the areas responsible for each material topic and verified internally. CEO Commentary Who we are Our focus on ESG Corporate Governance Business Ethics About this report GRI Content Index 41#42102-55 GRI Standard CORPORATE GOVERNANCE Description Page(s) Answer in tbale MATERIAL TOPICS 103-1 Explanation of the material topic and its Boundary 27-31 GRI 103: MANAGEMENT APPROACH 2016 103-2 103-3 The management approach and its components Evaluation of the management approach 27-31 27-31 205-1 Operations assessed for risks related to corruption 33 GRI 205: ANTICORRUPTION 2016 205-2 Communication and training about anti-corruption policies and procedures 33 205-3 Confirmed incidents of corruption and actions taken 33 BUSINESS ETHICS 103-1 Explanation of the material topic and its Boundary 32 GRI 103: MANAGEMENT APPROACH 2016 103-2 103-3 The management approach and its components Evaluation of the management approach 20, 32 20, 32 Sustainability Report CEO Commentary Who we are Our focus on ESG Corporate Governance Business Ethics About this GRI report Content Index 42 42#43PLANI GRUPO MR