#1ESG PRESENTATION 30TH JUNE 2022 THE Loop raipoo Place, Hong Kong ►SWIRE PROPERTIES#2DISCLAIMER This presentation has been prepared by Swire Properties Limited (the "Company", and together with its subsidiaries, the "Group") solely for information purposes and certain information has not been independently verified. No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the accuracy, fairness, completeness, reasonableness or correctness of the information or opinions presented herein or any verbal or written communication in connection with the contents contained herein. Neither the Company nor any of its affiliates, directors, officers, employees, agents, advisers or representatives shall have any responsibility or liability whatsoever, as a result of negligence, omission, error or otherwise, for any loss howsoever arising in relation to any information presented or contained in this presentation. The information presented or contained in this presentation is subject to change without notice and shall only be considered current as of the date of this presentation. ▪ This presentation may contain certain forward-looking statements that reflect the Company's beliefs, plans or expectations about the future or future events. These forward-looking statements are based on a number of assumptions, current estimates and projections, and are therefore subject to inherent risks, uncertainties and other factors beyond the Company's control. The actual results or outcomes of events may differ materially and/or adversely due to a number of factors, including changes in the economies and industries in which the Group operates (in particular in Hong Kong and the Chinese mainland), macro-economic and geopolitical uncertainties, changes in the competitive environment, foreign exchange rates, interest rates and commodity prices, and the Group's ability to identify and manage risks to which it is subject. Nothing contained in these forward-looking statements is, or shall be, relied upon as any assurance or representation as to the future or as a representation or warranty otherwise. Neither the Company nor its directors, officers, employees, agents, affiliates, advisers or representatives assume any responsibility to update these forward-looking statements or to adapt them to future events or developments or to provide supplemental information in relation thereto or to correct any inaccuracies. This presentation is for information purposes only and does not constitute or form any part of, and should not be construed as, an offer to sell or a solicitation of or an invitation of offer to acquire, purchase or subscribe for securities nor is it calculated to invite any such offer or invitation, whether in Hong Kong, the United States, or elsewhere. ▪ This presentation does not constitute, and should not be construed as, any recommendation or form the basis for any investment decisions regarding any securities of the Company. Potential investors and shareholders of the Company should exercise caution when investing in or dealing in the securities of the Company. 2 ►SWIRE PROPERTIES#3AGENDA 1. Opening Remarks 2. Places 3. Performance (Environment) 4. People 5. Partners 6. Performance (Economic) 7. Closing Remarks 8. Q&A Speakers: Fanny Lung Finance Director Raymond Yau General Manager, Technical Services and Sustainable Development Patrick Ho Senior Manager, Sustainable Development Ashley Hegland Consultant 3 ►SWIRE PROPERTIES#44 SD 2030 STRATEGY ADVANCING TOWARDS 2025 & 2030 KPI SD Vision: "To be the leading SD performer in our industry globally by 2030" Quality Swire Properties CREATIVE TRANSFORMATION Integrity SD 2030 People Places Partners Performance (Economic) Performance (Environment) Long-term focus Originality 1 Compared to the 2019 baseline 2 Hong Kong portfolio only 3 Measured by occupied lettable floor area ("LFA") of office portfolios at 100% basis comprising of Taikoo Place and Pacific Place in Hong Kong and Taikoo Hui in Guangzhou. Arranged by Hong Kong head office Performance (Environment) People 1.5°C-aligned Science-Based Target Maintain Lost Time Injury Rate 2021 2025 Scope 1 & Scope 2¹ 23% 25% 2021 2025 Non-hotel operations 0.67 <1.2 Hotel operations 1.55 <2 Partner Green Performance Pledge ("GPP") 2021 21% of office tenants² signed up to GPP 2025 50% of office tenants in our wholly-owned portfolios³ sign up to GPP Performance (Economic) Green Financing 2021 40% of current bond and loan facilities from green financing 2025 50%4 of bond and loan facilities from green financing SWIRE PROPERTIES#5SD INDICES PERFORMANCE Member of Dow Jones Sustainability Indices Powered by the S&P Global CSA Hang Seng Corporate A AAA Sustainability Index Series Member 2021-2022 SUSTAINABILITY HKQAA 2021-2022 GRES B ✰✰✰✰✰ 2021 GRESB REAL ESTATE sector leader 2021 DJSI World since 2017 2021: 1st in Asia, 7th Globally Top company since 2018 'AAA rating Global Sector Leader since 20171 Sustainability Yearbook Member 2022 S&P Global MSCI ESG RATINGS CCC B BB BBB A Top 15% globally AAA 2 AA AAA 13. FTSE4Good 'AAA' rating since 2018 since 2016 5 1 Global Sector Leader - Others in 2017, 2018 and 2019 and Global Sector Leader- Mixed Use in 2020, 2021 2 Disclaimer: www.swireproperties.com/sd/awards/mscidisclaimer.html ►SWIRE PROPERTIES#6Places SWIRE PROPERTIES#7Artist's Impression TAIKOO PLACE REDEVELOPMENT TWO TAIKOO PLACE: TRIPLE PRECERTIFIED PLATINUM GREEN AND HEALTHY BUILDING Incorporating Sustainable & Green Features: Exemplifying the Placemaking concept HKGBC BEAM Plus 綠建環評 IN ENERGY ENVIRONMENT LEED TERNATIONA WELL WELL BUILDING TH Liveability Connectivity & Walkability Biodiversity 70,000+ sq ft green open space & improved micro-climate Elevated walkway to improve interconnectivity of the whole business community Curated landscaping with local "feng shui woodland" tree species to form green corridors Health & Wellness Indoor air quality monitoring & purification technologies ►SWIRE PROPERTIES#8WHITE CHRISTMAS STREET FAIR 2021 CARING FOR THE ENVIRONMENT & INVESTING IN FUTURE GENERATIONS 1st White Christmas Street Fair with 8 zero-waste goal • SWIRE PROPERTIES WHITE CHRISTMAS STREET FAIR 2021 SANTA'S WHIMSICAL FACTORY >90% CHRISTMAS TFAIR 2021 of waste was diverted from landfills • • Working Towards Zero Waste Banning the use of single-use plastic tableware, such as straws and cutlery Partnering with a local pulp mill to collect, clean and recycle paper cups and containers Using FSC-certified wood for most wooden installations Empowering Youth 7 university students participated in a full-time apprenticeship 158 hours of practical training 60 masterclasses and mentorship sessions HKD250,000 in employment support ►SWIRE PROPERTIES#9Performance (Environment) SWIRE PROPERTIES#10CARBON PERFORMANCE FUTURE-PROOFING DECARBONISATION TRAJECTORY BUSINESS 1.5°C AMBITION FOR 1.5°C Net Zero Before 2050 Ramped up our Science-based Targets in alignment with 1.5°C Decarbonisation Pathway 1.5 C 1.5°C 1.5 C 10 1.50 1.5 C 1.5°C T Reduction of Absolute GHG Emissions (Scope 1 and 2) Progress against SBT Scope 1 and 2 targets 0% -5% -10% 12% -15% -20% 23% 25% -25% -30% -35% -40% -45% -46% Reduction of GHG Emissions per square metre (Scope 3 - Downstream Leased Assets (%) 0% -5% SCIENCE BASED TARGETS DRIVING AMBITIOUS CORPORATE CLIMATE ACTION Progress against SBT Scope 3 - Downstream Leased Assets -10% 11% -15% -20% -25% 28% 28% -30% -35% -50% -40% 2019 2020 2021 Baseline Year 2025 Target Year 2030 Target Year 2018 2019 2020 2021 Baseline Year 35% 2030 Target Year ►SWIRE PROPERTIES#11ENERGY PERFORMANCE FURTHER ENERGY SAVINGS THROUGH TECHNOLOGICAL INNOVATION Energy Reduction¹ Hong Kong Portfolio² 7% SWIRE PROPERTIES Estimated cost-savings of HK$11.8M/year³ 20% 2021 Progress 2025 Target Chinese Mainland Portfolio² 11 3% 2021 Progress Estimated cost-savings of HK$2.6M/year³ 13% 2025 Target Multiple system conn Cloud-based Smart Energy Management Platform प्छ martAnalytics Energy Saving Strategies Smart Energy Management Platform Cityplaza and Taikoo Hui, Guangzhou ~500,000 kWh saved since implementation (Q2 2021) Integrated Direct Current Microgrid Taikoo Li Sanlitun, Beijing -10% estimated carbon emissions compared to conventional energy generation systems 1 Energy consumption refers to purchased electricity for the provision of shared services for and in the common parts of our buildings with reference to the 2019 baseline year for our Hong Kong and Chinese Mainland portfolios (including hotels). 2 Hong Kong and Chinese Mainland portfolio refers to our office, retail portfolios and hotels in Hong Kong and the Chinese Mainland respectively. 3 Estimated like-for-like energy cost savings achieved in Hong Kong and the Chinese Mainland in 2021 against 2019 business-as-usual ("BAU") baseline. ►SWIRE PROPERTIES#12RENEWABLE ELECTRICITY (RE) GENERATION AND PROCUREMENT Taikoo Li Sanlitun INCREASING RE PENETRATION IN OUR PORTFOLIOS Beijing INDIGO ON 7,200 kWh¹ ON OFF Chengdu 196,600 kWh¹ Sino-Ocean Taikoo Li Chengdu OFF 100% RE 10,965,700 kWh³ Taikoo Hui ON OFF NEW Guangzhou 100% RE 15,254,100 kWh 1,3 On-site renewable electricity generation ON OFF Off-site renewable electricity procurement 1 On-site renewables from solar photovoltaic (PV) 2 On-site renewables from solar photovoltaic (PV) and waste-to-energy tri-generation system 3 Off-site renewable electricity procured 4 Figures shown refer to renewable electricity generated or procured in 2021 The Temple House 100% RE 5,146,100 kWh³ Hong Kong One Taikoo Place SWIRE 179,700 kWh² ON Dorset House NEW ON In early 2022, completed installation of a 65kW PV system ►SWIRE PROPERTIES#13TWO TAIKOO PLACE - WHOLE LIFECYCLE CARBON MANAGEMENT Resource & Circularity High recycling rate of >88%¹ Covering over 6 waste streams to be reused / recycled • Structural Optimisation • BIM models Prefabricated structural items and modularised E&M elements Low-carbon Building Materials ~100% concrete used with CIC Green Product Platinum Certification Structural steel & rebar with high recycled content & manufactured by electric arc furnace (EAF) process PLATINUM CIC GREEN PRODUCT CERTIFICATION Renewable Energy Generate ~7% renewable energy of total landlord energy use through Biodiesel tri-generation plant Photovoltaic panels Wind turbine Demolition Design Construction Low-carbon Construction Process • Use of battery storage system Use of biodiesel Reuse timber Support of BEC Power-Up Coalition 1 Covering the demolition of the previous Cornwall House and Somerset House Operation ►SWIRE PROPERTIES#14RESOURCE RECYCLING & WASTE DIVERSION PROACTIVE TENANT MANAGEMENT 2021 Progress Commercial Waste Diversion Hong Kong Portfolio PROMOTING CIRCULARITY Redesign Chinese Mainland Portfolio Regenerate Recycle 23.6% 2025 Target: 30% 41.6% 2025 Target: 40% Projects Under Development Hong Kong Portfolio: Demolition Waste Diversion 94.6% 6 Deep Water Bay Road Chinese Mainland Portfolio: Construction Waste Diversion 84.5% Taikoo Li Qiantan Smart Waste Reduction Challenge 10 office tenants 41% waste diversion rate reduction in total 2025 Targets: Hong Kong Chinese Mainland 14% 85% 70% 50% Total Waste waste per employee¹ Demolition Waste Construction Waste 14 1 Data compared to the first full-month data recorded at the beginning of the challenge. Food Waste Recycling Programme Reuse 18 SD Fit-out Guidelines (office and F&B tenants) Green Event Guidelines tonnes of furniture diverted from landfill through circular furniture programme Smart reusable cup network ►SWIRE PROPERTIES#15GREEN BUILDING PERFORMANCE GREEN BUILDING LEADER RECOGNISED BY AWARDS AND CERTIFICATIONS By 2025, 100% wholly-owned new development¹ and 90% wholly-owned existing developments¹ to achieve the highest environmental building assessment scheme rating 2021 Progress (100% % 15 of projects under development² achieved highest green building certification ratings 96% of all existing buildings are certified. green buildings, of which 82% achieved the highest ratings 98% of 2021 gross rental income was contributed by certified green buildings green building award 2021 環保建築大獎 Pioneer Award in Green Building Leadership - Facilities Management Grand Award in New Building Category: Projects Under Construction and/or Design (Commercial) 1 Exclude joint venture projects and trading properties. 2 "Projects under development" refers to projects that are under construction or in the precertification stage. They comprise of wholly-owned projects only. 3 Measured as the percentage of total gross floor area. 1st and only developer to win this top award in the "Green Building Leadership Category" for three years running Two Taikoo Place being the 2nd building at Taikoo Place to obtain a Grand Award ►SWIRE PROPERTIES#16People SWIRE PROPERTIES#17• INVESTING IN AND ENGAGING WITH OUR EMPLOYEES ATTRACTING AND RETAINING TOP TALENT Talent Attraction SWIRE PROPERTIES People Engagement Survey PEOPLE'S ENGAGEMENT PULSE SURVEY 2022 Innovation INNOVATION ACCELERATOR 150 Change Agents Smarter Process "Greater Talents !deas@ 20 work 21 We Are All Smart Place Makers Better Experience Stronger Partnerships Hong Kong’s Most Attractive Employer in the Randstad Hong Kong Employer Brand Research 20221 Second time topping this award since 2020 Placed in Top 4 Most Attractive Employer for 6 consecutive years 100% response rate 88% Employee Engagement Index² >90% felt aligned with Company's goals and objectives 680+ idea submissions in 2021 to help improve business operations and processes >50% ideas approved 17 1 Based on 3,027 locally-based respondents 2 Employee Engagement Index measures how well our people are connected to the company and it measures based on a few dimensions (e.g. the extent of discretionary effort committed to achieving work goals, an environment that supports executing their daily work, a work experience that promotes well-being). ►SWIRE PROPERTIES#18FOCUS ON OUR PEOPLE LAUNCHING MORE HEALTH AND SAFETY INITIATIVES New Established Zero Harm Commitment and Zero Harm Framework and Roadmap 4 engagement areas: leadership, structure, process and culture Launched "Management Safety Walks" and "Near-miss and Hazard Reporting System" to report any near-miss incidents or hazardous conditions in their buildings Lost Time Injury Rate (LTIR) - Employee 2025 Target 2021 Progress New 0.67 LTIR ≤ 1.2 for non-hotel operations Drop 20% vs 2020 LTIR ≤ 2 for hotel operations 1.55 Drop 25% vs 2020 Contractor Workers at Project sites Reduce 5-year rolling average¹ of Accident Rate per 1,000 contractor workers for Hong Kong Projects 2025 Target: -50% 2030 Target: 70% 18 1 Using 2015-2019 (5-year average) as baseline ►SWIRE PROPERTIES#19FOCUS ON OUR PEOPLE INCREASING DIVERSITY AND CREATING AN INCLUSIVE WORKPLACE New Established Respect in the Workplace Policy, Staff Grievance Policy and Parental Leave Policy and Guidelines, which reaffirm our commitment to creating an inclusive and supportive working environment in 2021. 19 2025 Target Maintain a gender balance in senior management Maintain gender pay ratio at 1:1 49% 2021 Progress of Senior Management positions held by women 50% of Management positions held by women 1.1.07 Gender Pay Ratio (female to male) Support LGBTQ+ community & Women Empowerment PROUD OF OUR PEOPLE WE ARE ONE Taikoo WIN Women's Inspire Network PP WIN Women's inspire Network SPL MALE ALLY LAUNCH ►SWIRE PROPERTIES#20Partners SWIRE PROPERTIES#21- TENANT ENGAGEMENT – GREEN PERFORMANCE PLEDGE NEW FLAGSHIP PLATFORM TO FOSTER LANDLORD-TENANT COLLABORATION PART 1 Commitment Cooperation Communication PART Fit-out & Renovations 2 Energy Water Waste Materials Wellness PART Environmental Performance 3 Carbon & Energy Water Use Resource Recycling 21 1At 20 June 2022. 2Wholly-owned portfolios refer to office buildings in Taikoo Place and Pacific Place in Hong Kong, and Taikoo Hui in Guangzhou. As of Jun 2022 (HK portfolio) 21.5%¹ 2025 Target 50% of office tenants in wholly- owned portfolios² signed GPP The GPP Journey Commit to collaborate and communicate Share data for action planning Take action to improve SD performance Benchmark & Recognise outstanding tenants ►SWIRE PROPERTIES#22TENANT ENGAGEMENT – RETAIL TENANTS - JOINTLY ADVANCE ENVIRONMENTAL PERFORMANCE THROUGHOUT TENANCY LIFECYCLE Green Kitchen Initiative # vellwellne 62 28 F&B tenants recognized with Three-Leaf rating 1 participated¹ ? Hong Kong Green Shop Alliance ("HKGSA") Real Estate Developer 1st to support the HKGSA 22 1At 20 June 2022. 2At 31 December 2021. Energy Audit (since 2008) Won major accolades at the 2021 HKGSA Awards "Best Green Practice in Malls" Cityplaza - Champion Island Place Mall - 2nd Runner-up "Best Collaborative Effort of Malls and Shops" • Pacific Place - Best Green Kitchen Partner Award 5.8 million 9.1 mil sq ft of tenanted area² million kWh of potential annual energy savings² HOND BREEN SHOP ALLIANCE AWARE 攀 香港建商舖聯盟大獎2021 家冠軍夢 太古城中心 太古地產有限公司 碳中喲 ►SWIRE PROPERTIES#23SUSTAINABLE PROCUREMENT STRATEGY COLLABORATING WITH SUPPLIERS TO IMPROVE SUSTAINABILITY 2021 Progress HK$946M total sustainable procurement spent¹ 12% of total procurement spent In addition to sustainable sourcing at our portfolio management offices and hotels 2025 Target 25% of total procurement spent Utilising Low-carbon Development Strategies for New Projects Introduce low-carbon specification for building materials and design process. Examples include: - Concrete Reinforcement bar and structural steel PLATINUM 23 46-56 Queen's Road East Artist Impression - Structural optimisation Early construction site electrification to reduce carbon emissions, air pollution and noise from diesel-driven equipment CIC GREEN PRODUCT CERTIFICATION 1 For sustainable procurement system implemented in Hong Kong and the Chinese Mainland operations ►SWIRE PROPERTIES#24Performance (Economic) SWIRE PROPERTIES#25CORPORATE GOVERNANCE BOARD OVERSIGHT OF ESG MATTERS Board of Directors ESG Committee Chaired by CE, attended by 1 INED 5 Working Groups with 100 members that report to the ESG Committee on a quarterly basis People Partners Places Performance (Environment) Performance (Economic) Communications Committee Training was conducted in Jan 2022 to keep the Board abreast of ESG trends BOARD TRAINING and issues 25 ►SWIRE PROPERTIES#26GREEN FINANCING INCREASING USE OF SUSTAINABILITY-LINKED LOANS SWIRE PROPERTIES GREEN FINANCE REPORT 2021 ~40% of our current bond and loan facilities come from green financing¹ 2025 TARGET Achieve a minimum of 50% of bond and loan facilities from green financing 26 As at September 2021 Allocation of Green Bonds and Green Loan Proceeds HKD 5,891 million (96.5%) HKD 183 million (3.0%) Allocation of Green Bonds and Green Buildings HKD 17 million (0.3%) HKD 12 million (0.2%) 1 At 31 May 2022. Green Loan Proceeds (As at 30th September 2021) 2022 Energy Efficiency Renewable Energy Sustainable Water and Wastewater Management 3 sustainability-linked loan facilities totalling HK$3.5 billion were secured¹ 100% of net proceeds from all green bonds have been allocated to green projects ►SWIRE PROPERTIES#272022 AND BEYOND BRINGING EVERYONE ONBOARD OUR NET ZERO JOURNEY BUSINESS 1.5°C ▸▸ AMBITION FOR SCIENCE BASED TARGETS DRIVING AMBITIOUS CORPORATE CLIMATE ACTION RACE TO ZERO Digitalisation for a low-carbon and resource efficient portfolio Ramp up tenant engagement through GPP Continuous expansion of our green finance facility 27 ►SWIRE PROPERTIES#28SWIRE PROPERTIES ORIGINAL. ALWAYS. 50 YEARS OF SWIRE PROPERTIES Fighting Climate Change, Together We Can! Your actions matter. Join Team 1.5°C and do more. 1.5 C Sustainability We All Count 1.5°C T 1.5°C 5°C T 1.5°C Learn More About Our Initiatives Find out more about SD2030 f Swire Properties Ο @swireproperties ©Swire Properties Limited#29Visit our Latest SD Report 2021 sd.swireproperties.com Read our fourth set of climate-related financial disclosures as per TCFD recommendations sd.swireproperties.com/2021/en/climate-related-financial-disclosures 29 UG Fighting Climate Change MOKA BROS We're All In www.w ►SWIRE PROPERTIES#30FRASER SUITES FRATES ESG Q&A Taikoo Hui, Guangzhou 30 ►SWIRE PROPERTIES#31蔦屋書店 TSUTAYA BOOKS CONTACT 葛屋書店 APPENDIX Taikoo Li Qiantan, Shanghai 31 ►SWIRE PROPERTIES#322025 & 2030 TARGETS Partners People 822 2025 KPI 2025 KPI Performance (Environment) Performance (Economic) Gender pay ratio: 1 to 1 Lost Time Injury Rate (LTIR): ≤ 1.2 Non-hotel operations ≤ 2.0 Hotel operations 25% of products and services purchased ¹ shall be sustainable 50% of tenants in our office portfolios² sign the Green Performance Pledge to jointly improve environmental performance 2025 KPI Scope 1 and 23 +25% of absolute GHG emissions SCIENCE BASED TARGETS DRIVING AMBITIOUS CORPORATE CLIMATE ACTION Hong Kong portfolio +20% Decarbonisation 2030 KPI Scope 1 and 23 +46% of absolute GHG emissions Scope 3 Capital Goods4 25% per sqm Energy Reduction Chinese Mainland portfolio +13% Scope 3- Downstream Leased Assets³ 28% per sqm Hong Kong portfolio +40% Chinese Mainland portfolio +35% 2025 KPI Achieve a minimum of 50% of bond and loan facilities from green financing 2030 KPI Achieve a minimum of 80% of bond and loan. facilities from green financing 32 1 For wholly owned new and existing investment portfolios. 2 Measured by occupied lettable floor area ("LFA") of office portfolios at 100% basis comprising of Taikoo Place and Pacific Place in Hong Kong and Taikoo Hui in Guangzhou 3 From a 2018 baseline. 4 From a 2016-2018 baseline. 5 Energy reduction refers to a reduction in energy use intensity. 6 Hong Kong portfolio refers to our office and retail portfolios and hotels in Hong Kong. 7 Chinese Mainland portfolio refers to our office and retail portfolios and hotels in the Chinese Mainland. 8 Loans and bonds arranged at Hong Kong Head Office level.#33■ SWIRE PROPERTIES ORIGINAL. ALWAYS. 50 YEARS OF SWIRE PROPERTIES © Swire Properties Limited