Legal & Important Disclosures

Introduction As a leading owner, developer, operator and investment manager of real estate around the world, Tishman Speyer is committed to making a positive impact across our portfolio, firm, and supply chain, and to building inclusive and welcoming communities in all of our markets. With roots in a family business dating back more than 100 years, Tishman Speyer’s Guiding Principles serve as the ethical foundation for our global firm. We aim to adhere to industry-recognized standards of sustainability practices, striving to make each community in which the firm operates a better place to live and work. This is both a top-down mandate and a bottom-up, iterative process that is an integral part of our culture as we conduct day-to-day business. Scope This ESG Policy applies to Tishman Speyer globally, guiding management as it makes investments and conducts business. Strategy To achieve the commitments outlined in this policy, Tishman Speyer has developed an ESG framework in alignment with ISO 14001, the internationally-recognized standard for environmental management, which requires the firm and our investment vehicles to:

• Establish roles, responsibilities, accountability, and resource allocation.
• Establish operational procedures to implement best practice ESG initiatives throughout day-to-day business activities.
• Work towards establishing specific, measurable, and time-dependent objectives and targets, which, alongside this policy, will be reviewed by senior management on a regular basis.
• Identify ESG-related risks and opportunities throughout the investment cycle.
• Ensure the continual improvement of ESG performance.
• Be demonstrable to stakeholders, serving as evidence of ESG practices.

Our aspirations align with those of the UN Sustainable Development Goals (SDGs) and Principles for Responsible Investment (PRI). Oversight Tishman Speyer’s cross-functional, senior executive-level Global ESG Committee oversees the firm’s ESG strategy and is responsible for the governance of this policy. Accordingly, it is responsible for ensuring that Tishman Speyer’s ESG framework is appropriately resourced and is effective in satisfying the needs of stakeholders. The Global ESG Committee conducts regular reviews of the policy, at least annually, and delegates responsibility for enacting the firm’s ESG strategy to appropriate teams. The Sustainability Department, which reports into the Global Head of ESG, a voting member of the Investment Committee, collaborates closely with all relevant departments and functions to ensure consistent implementation of the ESG Policy. Climate Change and the Environment As developers and operators of buildings whose lives span many generations, we are acutely aware that the construction and operational management of those buildings must protect and enhance the physical environments in which they exist, specifically minimizing potential negative contributions to climate change. Our strategy is focused on reducing our environmental footprint at existing buildings and development projects whenever and wherever feasible. For all real estate assets under Tishman Speyer’s ownership, we are committed to:

1. 1. Data Monitoring: Promoting responsible consumption by actively monitoring energy, water and waste data and the associated greenhouse gas emissions.
2. 2. Resource Effiency: Minimizing our impact on the environment, including reducing energy and water consumption and decreasing waste production, through better design, technology, sustainable operating procedures, and innovative strategies that continually improve resource efficiency and performance.
3. 3. Regulatory Compliance: Managing the short-, mid- and long-term risks associated with changing regulatory, legislative and stakeholder requirements.
4. 4. Climate Risk: Identifying physical and transition risks and opportunities, and reducing exposure by integrating resiliency strategies into asset business plans.
5. 5. Environmental Impact: Controlling pollution and use of resources, while effectively addressing other impacts of our business, including transportation, site selection and land use.
6. 6. Sustainable Procurement: Practicing sustainable procurement, including sourcing sustainable materials and products, for operating assets and new development projects by including environmental and social requirements.
7. 7. Biodiversity: Supporting biodiversity and nature-related issues by assessing risks and identifying opportunities that protect local ecosystems.
8. 8. Occupant Health: Enhancing occupant health and wellbeing through improving indoor environmental quality, monitoring indoor air and water quality and implementing active design strategies.

Net Zero Commitment Tishman Speyer has committed to achieve operational net zero carbon across our global real estate portfolio by 2050 or sooner. Interim targets are set at the portfolio level where feasible. We are dedicated to achieving that goal responsibly and authentically, prioritizing investments in energy efficiency and purchasing renewable energy where possible. We are committed to electrifying away from Scope 1 (onsite) emissions. The purchase of renewable energy certifications and carbon offsets is seen as a final step after more impactful interventions have been exhausted. All new acquisitions and developments will be bound by this commitment. Embodied Carbon Tishman Speyer aims to conduct Life Cycle Assessments (LCAs) at all new development projects to calculate their embodied carbon emissions. Those assessments help us identify high-impact materials, evaluate design alternatives, and integrate low-carbon strategies early in the development process. Certifications and Standards We align our strategies and performance with industry-recognized certifications and sustainability standards. For existing buildings and developments, those standards include LEED, BREEAM, DGNB, HQE, and/or other applicable standards. All new office construction projects will be certified to minimum LEED Gold/BREEAM Excellent or local equivalent. For existing buildings across all sectors, we will target corresponding operational certifications when eligible. In addition, Tishman Speyer promotes occupant health and wellbeing through certifying buildings with industry-recognized building wellness standards when feasible. In the United States, all properties will be ENERGY STAR benchmarked and certified if eligible. As a firm, we commit to aligning our corporate ESG reports with the Global Reporting Initiative (GRI) and the UN Sustainable Development Goals (SDGs). Responsible Procurement We strive to adhere to the highest level of responsible business practices and hold our partners to the same standards. Tishman Speyer has implemented a Supplier Code of Conduct and requires all contractors that it engages with to conduct business in an honest and ethical manner, free of corruption and bribery. Further, the firm complies with all applicable anti-slavery and human trafficking laws, statutes, and regulations. Inclusion and Belonging Tishman Speyer is committed to fostering inclusion and expanding access across all areas of our business, both internally and within the communities in which we operate. We strive to engage with our communities responsibly and in alignment with our Guiding Principles. Our corporate culture places a strong emphasis on these values as outlined in our Global Inclusion Policy. We support the growth, development, and wellbeing of our employees, and promote an inclusive and equitable workplace by upholding pay equity and helping all employees feel engaged and empowered. This commitment is upheld through our comprehensive learning and development strategy that includes on-the-job learning, internal and external training opportunities, annual performance reviews, and reimbursement for continued education. Community Impact We create direct, meaningful community connections by providing robust employee and occupant engagement programming, developing publicly accessible green and community spaces, and by supporting national, regional, and local nonprofits through charitable donations and volunteer efforts. We fully support our senior team members in their roles as civic leaders who support organizations, build coalitions, and take proactive steps to address larger societal challenges. Stakeholder Engagement Impactful change requires close collaboration with our stakeholders, which include customers, employees, investors, communities, and governments. We engage with those groups regularly, conducting routine double materiality assessments to ensure our ESG efforts focus on the issues that matter most to its business and stakeholders. We also maintain established processes to communicate ESG performance and report on progress against the commitments outlined in this policy and in our annual Responsible Investing reports. We prioritize customer satisfaction and are uniquely positioned to leverage our expertise to help customers achieve their corporate ESG goals. We are committed to working with our customers to maximize the opportunities to collaborate on environmental and social issues within our assets and our communities. It is only through strong partnership that we can achieve meaningful reductions in resource consumption in our buildings and increase positive impacts on our surrounding communities. Additionally, we exert wider influence across our client-base, suppliers, and the communities to promote net-positivity in terms of community and occupier safety & wellbeing, conservation, biodiversity, education, equality and other wider sustainability issues. Good Governance Led by our Guiding Principles, we have implemented governance practices and policies that cover topics including anti-corruption, human rights and anti-slavery, non-discrimination, and our code of ethics. To ensure alignment with the firm’s values and long-term responsibilities, we provide regular employee education on sustainability and other material governance topics. Transparency Tishman Speyer seeks to maintain transparency with our stakeholders regarding the ESG characteristics of our developments and operations. We keep our investors and customers updated on material information related to our investments and business operations, and publicly report on ESG progress with annual reporting and certifications through recognized third-party platforms. For additional information about ESG at Tishman Speyer, please reach out to [email protected].