Investor Presentaiton

Pathway to Decarbonization 1. Interim Targets Setting an interim emission reduction target to drive action 2. On-site Efficiency Improvements Lowering the on-site energy consumption of our portfolio 5. Off-site Renewable Power 100% of electricity used matched by renewable purchases 6. Carbon Pricing Pilot internal shadow carbon price 3. Electrification Replacing fossil fuel burning equipment with electric 7. Scope 3 Emissions Report Scope 3 emissions following the GHG Protocol 4. On-site Renewable Power Evaluate feasibility of on-site renewable installations 8. Net-zero Aligned with ULI Net Zero Carbon Operations Goal 37 PARAMOUNT GROUP

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