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Pledge to Responsible Investing As an active developer, manager, and owner of real estate investments around the world, Tishman Speyer is committed to Responsible Investment, which we define as the integration of environmental, social, and governance (“ESG”) considerations throughout our business, in the belief that such factors positively impact performance and drive value creation. Indeed, contributing to the development of vibrant, beautiful, and environmentally sound communities with the highest ethical standards is essential to our ongoing success, allowing us to unlock value and enhance returns for our investors while also doing right by our partners, customers, neighbors, suppliers, and employees. Responsible Investment Oversight This Responsible Investment Policy was developed by Tishman Speyer and is reviewed and updated annually by the firm’s dedicated Sustainability Department, subject to approval of the Global ESG Committee and the Investment Committee. The firm’s cross-functional, senior executive-level Global ESG Committee is responsible for governance of the Policy. The Investment Committee has authority over the firm’s Responsible Investment strategy and is ultimately responsible for making all investment decisions. Process Tishman Speyer’s global ESG framework is outlined in its ESG Policy and applies to every stage of the investment analysis and decision-making process. Pre-acquisition, an ESG due diligence checklist is utilized to evaluate all real estate investment opportunities and holdings considered by Tishman Speyer, regardless of type, class, or market. The ESG due diligence checklist is comprised of several ESG considerations that the firm has determined are relevant to its global real estate business. ESG considerations that are identified with the ESG due diligence checklist and deemed material are then included in a dedicated and detailed ESG section in the deal’s Investment Memorandum. Investment Memorandums are completed in connection with every proposed new transaction and are submitted to the Investment Committee, the firm’s ultimate decision-making body. Post-acquisition, Tishman Speyer’s Sustainability Department in collaboration with various teams, including but not limited to Acquisitions, Development, Design and Construction, Procurement, Property Management, Asset Management, and Portfolio Management ensures that the firm’s global ESG framework is implemented at the asset-level. Objectives Tishman Speyer seeks to understand and manage the short-, mid-, and long-term risks associated with changing regulatory, legislative, and stakeholder requirements, as well as risks related to climate change resilience, including physical, social, and transition risks across its global real estate portfolio. Our responsible investment objectives include: Pre-acquisition

• Conducting asset-level due diligence in order to understand risks and opportunities related to environmental, social and governance areas, and use material findings to inform investment decisions;
• Identifying, assessing and managing climate-related physical and transitions risks and associated financial impacts for every potential investment opportunity;
• Proactively and iteratively incorporating best-in-class, innovative practices to mitigate ESG risks in each investment’s business plan.

Post-acquisition

• Operating in alignment with best practice sustainability guidelines, consistent with the United Nations’ Sustainable Development Goals (SDGs), in part by monitoring energy, water, and waste, as well as the associated greenhouse gas emissions;
• Striving to certify all new developments to a minimum standard of LEED Gold or BREEAM Excellent and all eligible operating properties to the appropriate operational standards;
• Ensuring the effectiveness of our buildings as positive places to work, visit, and live by enhancing health and wellbeing performance to boost productivity, minimize work-related sickness, and reduce the prevalence of mental health issues.

Stewardship Tishman Speyer recognizes the value of collective action and prioritizes collaborative stewardship wherever possible. We aim to exert wider influence across our stakeholders to promote the transition to net zero carbon, conservation, biodiversity, occupier and community safety and wellbeing, responsible procurement, equality and other ESG aims within the real estate industry through the following activities:

• Collaborating with industry organizations on responsible investment practices and other ESG issues to identify best practices and solutions;
• Sharing Tishman Speyer’s ESG philosophy with other industry participants to act as a thought partner in the global advancement of responsible investment;
• Communicating key findings, successes, and goals to our stakeholders, which include customers, employees, investors, communities and governments, while seeking and listening to their key understandings, wants, and needs.