Overview Economy Community People Environment Governance & Risk Disclosure GRI & ADX 77GRI 103-1, 103-2, 305-1, 305-2, 305-3, 305-4, 305-5 Environmental performance Energy and emissions As the world recovers from the impacts of the global pandemic, we have a challenging path ahead to set ourselves ambitious targets and implement impactful initiatives across our portfolio. One of these initiatives is our six-year energy management programme which is expected to reduce CO2 emissions across 87 assets by approximately 70,000 metric tons per year. We are also exploring retrofitting opportunities across our portfolio, such as the redevelopment plan at Yas Mall, that can drive further energy efficiencies. GHG reduction – Scope 1, 2 & 3 (tCO2e)17 13% like-for-like reduction in Aldar Investment’scarbon footprint AED 500 million redevelopment plan unveiled to redefine retail experience at Yas Mall In 2020, we developed a transformational AED 500 million plan for the redesign and refurbishment of key areas of Yas Mall. The new, diversified offering will include over 100 new stores, a 40% larger food and beverage offering and 15,000 m2 of additional office space. With environmental concerns firmly at the forefront of the plans, this state-of-the-art redevelopment will enable a 59-ton reduction in the mall’s annual emissions of carbon dioxide equivalent (CO2e), and an improvement of up to 40% in the mall’s recycling rate. The plan features a range of innovative eco-efficient initiatives, including the replacement of 60,000 lamps with LED lighting and a customised composter to turn food waste into bio-soil, which will then be repurposed for 115,000 m2 of the mall’s landscape. The mall also supports our commitment to the community, with the installation of features that provide full accessibility to People of Determination. Work on key areas of the mall will begin in 2021 and will be completed in phases over 12-18 months. 17 Like-for-like comparison of GHG Emissions where data was available for both years. Includes 68 assets out of 85 assets which were operational during last 24 months. Reduction based on Scope 1, Scope 2 and Scope 3 emissions. 160,000 140,000 120,000 100,000 80,000 60,000 40,000 20,000 0,000 151,780 89,386 45,654 38,506 23,588 39,639 31,495 19,149 -16% -4% -13% -18% -19% 85,923 127,048 ‘19 ‘20 ‘19 ‘20 ‘19 ‘20 ‘19 ‘20 ‘19 ‘20 Throughout a challenging year for the industry, our forward-thinking attitude towards risk-averse investment and customer satisfaction has resulted in successes such as maintaining a high occupancy level of 88% and securing big contracts. While our strategy of divesting and diversifying has proved to be effective, responsible investment is likely to play a significant role in our future successes. Meqdad Al Mubarak Sustainability Council Member and Chief Portfolio Officer, Aldar Investment 0 1 2 3 4 5 6 7 8 9 0 0 1 2 3 4 5 6 7 8 9 0