Cromwell European REIT - Annual Report 2021

https://portal.gresb.com/r/19948 T Management Pte. Ltd. (Cromwell European REIT) Score 2021 GRESB Public Disclosure Level E D C B A Global Average: C Comparison Group Average: A Comparison Group Singapore | Diversified Out of 8 Real Estate Assessment The GRESB Real Estate Assessment is the investor-driven global ESG benchmark and reporting framework for listed property companies, private property funds, developers and investors that invest directly in real estate. The Assessment is shaped by what investors and the industry consider to be material issues in the sustainability performance of real estate investments. The methodology is consistent across different regions, investment vehicles and property types and aligns with international reporting frameworks. The data is self-reported by Assessment participants and subjected to a multi-layer validation process after which it is scored and benchmarked. The result is high-quality data that investors and participants can use in their investment, engagement and decision-making processes. e Methods 52% of GRESB Public Disclosure 88% of Comparison Group 63% of GRESB Public Disclosure 88% of Comparison Group A 2 nd GRESB Score GRESB Average 72 ✓ Section in Annual Report ✓ 98 4/2021 https://portal.gresb.com/r/21322 Cromwell EREIT Management Pte. Ltd. CEREIT (Cromwell European REIT) GRESB Standing Investments Benchmark Report 2021 CEREIT (Cromwell European REIT) Cromwell EREIT Managemen Pte. Ltd. Rankings GRESB Score within Diversified - Office/Industrial / Europe Out of 33 GRESB Score within Diversified - Office/Industrial / Listed Out of 11 GRESB Score within Europe / Listed Out of 90 Management Score within Europe Out of 780 Manage ent Score within Europe / Listed Out of 94 Ma agement Score within Europe / Listed Out of 94 Performance Score within Diversified - Office/Industrial / Europe Out of 33 Performance Score within Diversified - Office/Industrial / Listed Out of 11 Performance Score within Europe / Listed Out of 90 GRESB Model GRESB Real Estate Assessment 2018 2019 2020 2021 Status: Listed Location: Europe Property Type: Diversified - Office/Industrial 47 67 73 76 Europe | Diversified - Office/Industrial | Listed Out of 6 3 rd 13 th 5 th 47 th 582 nd 66 th 66 th 9 th 4 th 45 th Performance (%) Management (%) 0 50 100 0 50 100 GRESB Score Green Star GRESB Average 73 Peer Average 73 Management Score GRESB Average 26 Benchmark Average 26 Performance Score 76 100 25 30 51 SUSTAINABILITY PERFORMANCE HIGHLIGHTS IN FY 2021 ESG RATINGS, RANKINGS AND AWARDS Environment • Executed Singapore’s first sustainability-linked cross- currency swap with OCBC • ~ 75% of office portfolio now with green certifications • Ongoing energy-level audits across CEREIT’s portfolio • Ongoing setup of consumption data tool Deepki for energy, water, waste, CO 2 (already in place for CEREIT’s French portfolio to comply with Décret Tertiaire , a French law to reduce energy consumption on commercial properties by 40% by 2030) 25 BREEAM 2 ratings and one LEED 3 Platinum certification Double wi at the EPRA 5 Sustainability Best Practice Recommendations Awards for excellence in ESG reporting Winner of Singapore Corporate Governance Award 2021 (REITs & Business Trusts category) Social (Stakeholders) • Close to 150 (up from 140 last year) `virtual and physical meetings with more than 4,000 debt and equity investors and analysts • S$16,417 in direct contributions and fundraising for community partners • Employee engagement score of 89% for a second year in a row, well-above group average and relevant global benchmarks • 50% female employees achieved • 29.6 training hours per employee in FY 2021 (up from 20.5 hours in FY 2020) • Upgraded score by two- notches y-o-y • Recognised for “stronger business ethics programmes and green building focus” Governance • Maintained clean compliance record, complying with applicable laws and regulations, including SGX-ST, MAS and Lux SE • Admitted in SGX Fast- Track programme, aimed at recognising companies that have high corporate governance standards and have maintained a good compliance track record • All KMP have specific compensation-linked ESG KPIs GRESB 1 2021 Real Estate Assessment Building certifications Excellence in corporate governance and transparency 1 GRESB: Global Real Estate Sustainability Benchmark 2 Building Research Establishment Environment Assessment Method 3 Leadership in Energy and Environmental Design 4 Disclaimer Statement: CEREIT’s use of any MSCI ESG Research LLG or its affiliates (“MSCI”) data, and the use of MSCI logos, trademarks, service marks or index names herein, do not constitute a sponsorship, endorsement, recommendation, or promotion of CEREIT by MSCI. MSCI services and data are the property of MSCI or its information providers and are provided ‘as-is’ and without warranty. MSCI names and logos are trademarks or service marks of MSCI 5 European Public Real Estate • Two-point y- -y decrease for risk • Recognised for “stro g company disclosure” Centre of Governance and Sustainability NUS Business School Ranked 4 th and 8 th out of 45 REITs / Business Trusts in the GIFT and SGTI rankings respectively • Overall score of 76 point (4% y-o-y increase) • Maintained ‘Green Star’ status • Achieved “A” grade public disclosure score of 98 points ESG ratings upgrade BBB CCC B BB BBB A AA AAA MSCI 4 ESG RATING SUSTAINALYTICS RATING 16.4 Negl. Low Med. High Severe Low Risk 0-10 10-20 20-30 30-40 40+ CROMWELL EUROPEAN REIT 191 ANNUAL REPORT 2021