Redefine Properties Limited · JSE:RDF
Redefine Properties — ESG Presentation (September 2021)
41 slides from Redefine Properties's sustainability presentation, September 2021
Slide 1: Harnessing the power of Redefine to contribute to a more sustainable and equitable world
Harnessing the power of Redefine to contribute to a more sustainable and equitable world September 2021
Slide 2: Index
Index 1. Welcome 2. ESG overview 3. ESG in action 4. ESG target-setting and measurement 5. Closing 6. Supplementary information
Slide 3: 1 Welcome
1 Welcome The following icon has been used in the presentation: Link to executive directors’ remuneration
Slide 4: Purpose
Purpose Our moonshot is at the heart of Redefine’s company strategy It is Redefine’s strategy to move beyond incremental progress towards step-up Redefine’s We will do this by setting ambitious corporate targets and accelerating transformative change – unlocking moonshot integration of the moonshot
Slide 5: Business case for positioning ourselves within a global ESG framework
Business case for positioning ourselves within a global ESG framework According to the World Economic Forum, extreme weather events are the top global risk by likelihood The IPCC 2021 report on climate change stated that it is unequivocal that human influence has warmed the atmosphere, ocean and lan
Slide 6: 2 ESG overview
> 2 ra ® > <) Oo n uu N PROPERTIES Areperine I
Slide 7: Opportunities and challenges
Opportunities and challenges ESG provides an opportunity to future proof our business and increase our resilience Opportunities Challenges Further improving the quality and comparability of our public No South African-specific real estate sector guidance on disclosure improves investor trust in the
Slide 8: UN SDGs
UN SDGs The primary and secondary SDGs that Redefine has committed itself to are aligned to international best practice Our SDG materiality process was conducted across all 17 of the UN SDGs § Focused on the goals that would be most relevant to the real estate sector and Redefine’s operating environ
Slide 9: UN Global Compact
UN Global Compact Redefine formally became a signatory to the UN Global Compact in November 2020 Redefine has benefited significantly from joining the UN Global Compact. Some of the programmes and resources in which we participate through the UN Global Compact include the following: Young SDG Innova
Slide 10: Our ESG journey
Our ESG journey Redefine has made significant progress in conceptualising its long-term ESG strategy § ESG strategy based on the UN SDGs, which map out what we want to achieve by 2030 § ESG areas of responsibility framework for the board and for management has been mapped out § Became formal signato
Slide 11: Future areas of focus
Future areas of focus ESG integration is a long-term, continuous journey to fully integrate into our daily operations § Focusing on sustainability awareness amongst our § Continuing to promote health and safety within our buildings, and take innovative steps to center tenant tenants, including the b
Slide 12: ESG in the asset life cycle
ESG in the asset life cycle Responsible investment is critical to our ability to incorporate ESG into every aspect of what we do Development phase Use phase Recovery phase Development Acquisition Ownership/use Disposal Recovery § New builds and § Comprehensive § Projects that optimise § Impact of di
Slide 13: Net zero pathway
Net zero pathway Our net zero pathway will fundamentally alter how we manage our buildings and investments ‘Net zero entails companies reducing their generated emissions as much as possible and negating the remainder by funding carbon removal projects in clean energy, reforestation, and more’ – GRES
Slide 14: Risk management
Risk management ESG risks and opportunities must be clearly identified, and action must be taken accordingly We are in the process of developing an ESG risk management framework that emphasises materiality in the South African context Some of the ESG-related risks and opportunities, as identified by
Slide 15: 3 ESG in action
3 ESGinaction _ ARrReverine I PROPERTIES
Slide 16: Snapshot: what we have achieved in 2021
Snapshot: what we have achieved in 2021 When it comes to sustainability, actions speak louder than words Environmental Social Governance § Issued a R1 billion sustainability-linked § Focused professional development sessions § Completed a POPIA readiness project in bond, the largest issued by an REI
Slide 17: Sustainable finance
Sustainable finance Our ambitions to access sustainable finance markets extend beyond our 2021 issuance We see our sustainability-linked bond as an important platform to participate in sustainability-related markets In our view, there is a direct link between achieving our long-term ESG strategic ob
Slide 18: Renewable energy – raising the bar
Renewable energy – raising the bar We have made a significant investment in our renewable energy strategy As a result of the renewable energy regulatory cap Renewable energy MWP target being lifted § We have the opportunity to add new solar PV capacity of Target MWP 8 519 kWp, resulting in a reducti
Slide 19: Diversity and human rights
Diversity and human rights People-centered metrics are a key driver of our approach to sustainability Progress has been made towards achieving our transformation Vital statistics ambitions at executive and senior management levels. We recognise that more must be done to achieve a truly 43% represent
Slide 20: Community engagement
Community engagement An unstable socio-economic environment makes community engagement and upliftment an imperative Case study: Maponya Mall The community surrounding Maponya Mall assisted our efforts to protect the property from looters during the recent unrest Maponya Mall and its tenants recently
Slide 21: Smart buildings
Smart buildings Higher digital maturity correlates to higher potential return on investment High maturity Medium maturity Low maturity Smart buildings can aid in Personalise § Optimising the use of building Application layer facilities in order to make our Collaborate Occupant Data is applied to Eng
Slide 22: 4 ESG target-setting and measurement
4 ESG target-setting and measurement
Slide 23: Overview of key ESG targets
Overview of key ESG targets Our target-setting process for ESG is directly aligned to achieving the objectives of the UN SDGs We have set short-term (1 year) targets and long-term (3 year) targets to measure our progress in reaching our 2030 targets for the UN SDGs. The short-term targets are meant
Slide 24: ESG benchmarks and ratings
ESG benchmarks and ratings Stakeholders increasingly rely on sustainability-related indices to quantify company-specific ESG-related risks We continue to participate in the following indices When measuring our environmental impact, we also participate in the following standards/indices § FTSE4Good E
Slide 25: 5 Closing
5 Closing
Slide 26: Questions for investors
Questions for investors We continuously aim to improve our understanding of investor expectations regarding ESG 1. Do you expect companies to adopt science-based 4. What are your expectations around 2021 integrated targets, in line with the Paris Agreement? reporting in light of changes to the Integ
Slide 27: For further information
For further information For more information on our approach to sustainability, please use the following links Our latest integrated reporting suite https://www.redefine.co.za/investors/integrated-reports/latest-integrated-reports Our approach to BBBEE and transformation https://www.redefine.co.za/a
Slide 28: 6 Supplementary information
6 Supplementary information
Slide 29: Annexure A: short-term ESG targets
Annexure A: short-term ESG targets Progress against the targets will be reported on in the 2021 ESG report KPA § General KPA: improvement in overall sustainability performance § Inclusion in the DJSI Emerging Markets Index § Please note that the DJSI and SAM Corporate Sustainability Assessment is ba
Slide 30: Annexure A: short-term ESG targets
Annexure A: short-term ESG targets KPA SDG 4. Quality education Promoting equity and equality: Inclusion of marginalised/underrepresented groups in the company’s bursary programme Caregiver support programme: Offering support to caregiver employees through flexible working arrangements, where practi
Slide 31: Annexure A: short-term ESG targets
Annexure A: short-term ESG targets KPA SDG 6. Clean Water and Sanitation Water impact assessments: Conducting impact assessments that explicitly consider the ability of communities to access safe and affordable water Note: this programme will only be initiated in FY2022 Adequate and equitable sanita
Slide 32: Annexure A: short-term ESG targets
Annexure A: short-term ESG targets KPA SDG 8. Decent work and economic growth BBBEE scorecard: Improve the company’s BBBEE contributor level Ownership and employment equity: Contribute to employment and wealth generation through achievement of ownership, economic and representation- related targets,
Slide 33: Annexure A: short-term ESG targets
Annexure A: short-term ESG targets KPA SDG 10. Reduced inequalities Living wage: Paying at least a living wage to all employees that (as far as possible) protects the purchasing power of employees after inflation Note: this programme will only be initiated in the FY2022 Quality of anti-discriminatio
Slide 34: Annexure A: short-term ESG targets
Annexure A: short-term ESG targets KPA SDG 12. Responsible Consumption and Production Waste management: Raising supplier awareness regarding sustainable consumption behaviour Note: this programme will only be initiated in FY2022 Waste management: Raising tenant awareness and promoting consumer educa
Slide 35: Annexure A: short-term ESG targets
Annexure A: short-term ESG targets KPA SDG 16. Peace, justice and strong institutions Standards of conduct for employees: Ensuring that our employees know how to respond effectively to and de-escalate conflict-ridden situations, in a way that respects human and cultural rights Ethical behaviour: Pro
Slide 36: Annexure A: short-term ESG targets
Annexure A: short-term ESG targets KPA SDG 17. Partnerships for the goals Tax compliance: Raising awareness of employees on how to remain tax compliant (particularly considering more stringent tax administration requirements), for them to pay their fair share of taxes in a timely and responsible man
Slide 37: Annexure B: long-term ESG targets
Annexure B: long-term ESG targets The achievement of these targets will be measured over a 3-year period KPA § General KPA: improvement in overall sustainability performance § KPI: Year-on-year improvement in Sustainalytics ESG risk rating, measured as an increase in management score § Sustainalytic
Slide 38: Annexure B: long-term ESG targets
Annexure B: long-term ESG targets KPA SDG 6. Clean water and sanitation Life cycle indicator: Reduction of water withdrawn in water stressed regions Responsible water usage: Promote responsible water usage among our tenants Note: this programme will only be initiated in FY2022 Smart water saving sol
Slide 39: Annexure B: long-term ESG targets
Annexure B: long-term ESG targets KPA SDG 11. Sustainable cities and communities Innovation of better products and services: Revenue generated from research and development to create products that are fit-for-purpose Physical resilience of our buildings: Improvement in the physical resilience of our
Slide 40: Annexure B: long-term ESG targets
Annexure B: long-term ESG targets KPA SDG 13. Climate action TCFD implementation: Identifying and addressing risks and opportunities posed by climate change that have the potential to generate substantive changes in operations, revenue, or expenditure, including: (i) A description of the risk or opp
Slide 41: Annexure B: long-term ESG targets
Annexure B: long-term ESG targets KPA SDG 16. Peace, justice and strong institutions Standards for conduct of security personnel: Provide training to security personnel to manage conflict in a way that respects human rights and avoids the use of unlawful behaviour or punishment, and only utilises fo
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