Investor Presentaiton

5.0 ESG ROADMAP (2020-2024) Environment • 2030 greenhouse gas (GHG) reduction target to achieve reduction of 46% in Scope 1 & 2 emissions has been validated and approved by the Science Based Targets initiative (SBTi). (Achieved) ⚫In 2023, prepare decarbonatization plan for each property asset incorporating capital planning and reduction initiatives with implementation timelines. Completed property asset plans will roll up to a national portfolio greenhouse gas reduction dashboard modeled to achieve FCR SBTI 2030 target and long-term net-zero target • Targeting a 50% average waste diversion rate by December 31, 2023 • Install electric vehicle charging stations at all properties, where feasible, by December 31, 2024 (over 300 chargers installed as of 2022, with an additional 140 planned for 2023-24) Social Launched the FCR Thriving Neighbourhoods Foundation, with focus on 4 pillars: Food Insecurity/Poverty, Mental Health, Social Justice and Youth (achieved) •Developed and implemented a Retail Tenant Guide to Sustainable Operation (achieved) • Hosted 'FCR Tenant Sustainability Forum' with sustainability leads from national tenants to foster relationships and facilitate brainstorming around joint actions to reduce GHG emissions (achieved) •Strive to be in the Top 100 Toronto employers ranking annually Governance Aligned disclosures with the Task Force on Climate-related Financial Disclosures (TCFD) recommendations (achieved) • Participate in sustainable financing opportunities (achieved) •Assign a Board Trustee as responsible for ESG strategy oversight (achieved) • Employ ESG Taskforce to embed ESG Roadmap in business planning, monitor progress and assign accountability (achieved) First Capital 32 32

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