UOL Group Ltd

UOL actively engages with the government, industry associations and peers to advance sustainability in the real estate sector. We were a Silver Sponsor for BCA's International Built Environment Week 2020 and a member of the Singapore Green Building Council. In March 2021, our Pan Pacific Orchard was featured in an informative video by the Ministry of National Development, which highlighted the national targets of the Singapore Green Building Masterplan to make the urban environment more green and sustainable.

##### Doing Right: Conducting Business Profitably and Responsibly

Governance is one of the critical pillars of our sustainability roadmap. We have in place policies addressing enterprise risk management, anti-bribery and anti-corruption, fair competition and data protection. There is also an independent whistle-blowing avenue for employees and third parties to raise concerns of non-compliance to our Board and Management. By adopting a hands-on approach in addressing strategic and operational issues, we have managed and adapted our property and hospitality businesses to deliver value and stay resilient, and at the same time, we have maintained the governance standards expected of us. To that end, the Corporate Excellence and Resilience Award conferred at the Singapore Corporate Awards 2021 (Special Edition) is testament to our efforts and teamwork. Our current governance framework has served us well and we will continually seek ways to improve our policies and processes. UOL believes in the benefits that diversity can bring to the Board and we are currently working towards setting targets for board diversity for disclosure in the next report. [...] ##### UOL Group Sustainability Governance Structure [GRI 102-18]

The Group's sustainability governance structure permeates functions and seniority, ensuring that sustainability is integrated both at the strategic and operational levels.

The Board of Directors oversees ESG topics and considers them in UOL's strategic business plans. The Group's sustainability efforts are driven by the Sustainability Steering Committee (SSC), which is chaired by both the Group Chief Executive and Chief Financial Officer, and comprises PPHG Chief Executive Officer and members of the Senior Management team. The SSC makes key decisions on UOL's sustainability strategy. Led by the Corporate Communications & Investor Relations department, the Sustainability Working Committee (SWC) supports the SSC in sustainability plans, reporting and materiality assessment. The SWC comprises representatives across departments including Commercial and Group Marketing (Commercial), Corporate Engineering and Development (Commercial), Finance, Human Resource, Legal & Secretariat, Management Office, Project Development, and the Group's hotel subsidiary PPHG.

**BOARD OF DIRECTORS**

**SUSTAINABILITY STEERING COMMITTEE**

(Chaired by Group Chief Executive and Chief Financial Officer)

**SUSTAINABILITY WORKING COMMITTEE**

(Led by Corporate Communications & Investor Relations and supported by business units across the Group)

As of 26 October 2022, the Audit and Risk Committee was renamed as the Audit, Risk Management and Sustainability Committee (ARMSC) and the terms of reference of the ARMSC include reviewing and advising the Board on the Group's overall sustainability strategy. The ARMSC is chaired by an Independent and Non-Executive Director and comprises two other Independent and Non-Executive Directors. The ARMSC provides strategic direction to the Sustainability Steering Committee (SSC), which drives the Group's sustainability efforts. The SSC is chaired by both the Group Chief Executive and Chief Legal Officer/Company Secretary, and comprises PPHG Chief Executive Officer and members of the Senior Management team. [...] The Audit, Risk Management and Sustainability Committee (ARMSC), as delegated by the Board of Directors, reviews, and advises the Board on the Group's overall sustainability strategy, targets, polices, roadmap, reports and disclosures. The ARMSC meets half-yearly to discuss updates on climate risks and opportunities and updates the Board as necessary. All targets are approved by the Board and assisted by the ARMSC.

The Group's sustainability governance structure permeates functions and seniority, ensuring that sustainability is integrated both at the strategic and operational levels. The Board of Directors oversees ESG matters and considers them in UOL's strategic business plans. The Board is supported by the Audit, Risk Management and Sustainability Committee (ARMSC), which reviews and advises the Board on the Group's overall sustainability strategy. [...] The ARMSC is chaired by an independent, non-executive Director and comprises three other independent, non-executive Directors. The ARMSC provides strategic direction to the Sustainability Steering Committee (SSC), which drives the Group's sustainability efforts. The SSC is chaired by both the Group Chief Executive and Chief Legal and Sustainability Officer/Company Secretary, and comprises members of the Senior Management team. The Sustainability Working Committee (SWC), chaired by the General Manager of Corporate Communications, Investor Relations & Sustainability, supports the SSC in sustainability strategies and initiatives, reporting and materiality assessment. The SWC comprises representatives across departments, including Commercial and Group Marketing (Commercial), Corporate Engineering and Development (Commercial & Hospitality), Finance, Human Resource, Legal & Secretariat, Management Office, Project Development and PPHG.

#### BOARD STATEMENT

UOL is committed to our vision of creating value and shaping a sustainable future for our stakeholders by driving our business growth that focuses on environmental and social impacts.

The Board reviews ESG matters as fundamental factors in UOL's strategic business plans. The Board also oversees the management of materiality issues, as well as their targets and performance. [...] #### UOL GROUP SUSTAINABILITY GOVERNANCE STRUCTURE

The Group's sustainability governance structure permeates functions and seniority, ensuring that sustainability is integrated both at the strategic and operational levels.

The Board of Directors oversees ESG topics and considers them in UOL's strategic business plans. The Board is supported by the Audit, Risk Management and Sustainability Committee (ARMSC), which reviews and advises the Board on the Group's overall sustainability strategy.

The ARMSC is chaired by an independent, non-executive Director and comprises three other independent, nonexecutive Directors. The ARMSC provides strategic direction to the Sustainability Steering Committee (SSC), which drives the Group sustainability efforts. The SSC is chaired by both the Group Chief Executive and Chief Legal and Sustainability Officer/Company Secretary, and comprises members of the Senior Management team. The Sustainability Working Committee (SWC), chaired by the General Manager of Corporate Communications, Investor Relations & Sustainability, supports the SSC in sustainability strategies, reporting and materiality assessment.

The SWC comprises representatives across departments, including Commercial and Group Marketing (Commercial), Corporate Engineering and Development (Commercial & Hospitality), Finance, Human Resource, Legal & Secretariat, Management Office, Project Development and the Group's hotel subsidiary PPHG. [...] In 2023, all directors attended a workshop on ISSB conducted by the Group's third-party sustainability consultant. Additionally, to enhance the decision-making process of the Board, UOL has a Board Diversity Policy that sets out the policy and framework for promoting diversity among the Board.