Workspace Group Plc · LSE:WKP
Workspace — ESG Presentation (May 2022)
36 slides from Workspace's sustainability presentation, May 10, 2022
Slide 1: Sustainability Capital Markets Event
9 WORKSPACE® Sustainability Capital Markets Event Generating long-term value for all our stakeholders 10 May 2022
Slide 2: Corporate calendar
Corporate calendar Trading update - 7 April Sustainability update & presentation today McKay acquisition - 6 May Full year results - 8 June China Works, Vauxhall
Slide 3: Agenda
ma te > Agenda 01 Introduction Graham Clemett 02 Our sustainability approach Sonal Jain 03 Driving environmental impact Sonal Jain 04 Investment plan - Net zero and EPC Dave Benson CEO Head of Sustainability Head of Sustainability CFO os 06 07 08 Driving social Generating value | Panel discussion |
Slide 4: Introduction
ion _— ($) =) me] fe) he _ £ $b ® € a4 O E © < £ oO O im O Te ney Mare Street Studio: >
Slide 5: Introduction: An inherently sustainable business
Introduction An inherently sustainable business Our purpose is to give businesses the freedom to grow. Our strategy Oo Driving customer-led Cy growth... ..and delivering operational excellence... ..Whilst always being sustainable. We aim to create a flatter, fairer more sustainable London. Workspace
Slide 6: Governance & Accountability
Introduction Governance & Accountability < Workspace Board o £ 5% Board ESG Committee cc) c o = Executive Committee 3 committees < 2 = s Envi ital o nvironmenta . . ne a Sustainability Social Sustainability ° committee committee: a c 2 a Customer environmental Charity, Wellbeing and € groups Social
Slide 7: Our sustainability approach
Fuel Tank, benipardh, ’ b Our sustainability approach Sonal Jain Head of Sustainability Workspace | Sustainability 2022
Slide 8: Our sustainability approach
Our sustainability approach As home to London’s EL & brightest businesses, as Soe eal (ie. custodians of some of the 3,000+ | 30,000+ | 14 4m+ most iconic buildings in 4 customers people in boroughs sq. ft London and as a responsible our buildings a employer, we believe that sustainability is crucia
Slide 9: Our sustainability approach
Our sustainability approach 1. Delivering a climate 2. Supporting our resilient portfolio communities PEL Ere ay \a Water Nature & Transport Biodiversity 3. Looking after ourtpeople Workspace | Sustainability 2022
Slide 10: Driving environmental impact
Driving environmental impact Sonal Jain Head of Sustainability
Slide 11: Driving environmental impact
Driving environmental impact Ensuring a timely transition to net zero carbon We will become a net zero carbon business by 2030 n Workspace | Sustainability 2022
Slide 12: How we are driving impact
How we are driving impact Ensuring a timely transition to net zero.car TELE Net Zero Carbon by 2030 * 100 kWhe/m?: 25% better * Over 30% all electric + 40-70% better than benchmark * 100% renewable electricity, than benchmark 13 PV arrays * 70 kWhe/m2 * 100% all electric + 350 kgCO2/m2, offset resid
Slide 13: Our net zero trajectory
Driving environmental impact Our net zero trajectory Scope 1- Gas emissions (tCO2e) Scope 2 - Electricity emissions (tCO2e) 4,000 8,000 3,500 7,000 8% less 13% less? a 3,000 — 6,000 . Se 2,500 eae 5,000 2,000 tse 4,000 1,500 ~ 3,000 1,000 2,000 500 1,000 Zero scope 2 through - . H-Jv,Av-TAAwTWw0.1.+
Slide 14: Energy intensity of our portfolio
Driving environmental impact Energy intensity of our portfolio Current portfolio snapshot Whole building energy intensity (kWhe/m? GIA) 200 180 160 140 2020 target! 120 100 80 |2030 target? 60 |2050 target? 40 20 Workspace locations 2020 Interim energy performance target set by UKGBC for net zero ca
Slide 15: Energy intensity of our portfolio
Driving environmental impact Energy intensity of our portfolio Current portfolio snapshot Whole building energy intensity (kWhe/m? GIA) 200 180 160 Leroy House 140 2020 target! 120 100 Exmouth House 80 |2030 target? 60 |2050 target? Vox Brickfields Workspace locations 2020 Interim energy performance
Slide 16: Ground Granulated Blast-furnace Slag
• • • • • Ground Granulated Blast-furnace Slag
Slide 17: EPC snapshot of the portfolio
Driving environmental impact Energy Performance Certificate (EPC) snapshot of the portfolio Portfolio current snapshot Target 2030 portfolio snapshot EPC breakdown by area (sq. ft.) EPC breakdown by area (sq. ft.) 7% EPCE “| 28% EPC A/B 28% Net zero transition + 100% EPC D EPC upgrades EPC A/B 37% E
Slide 18: Investment plan - Net Zero and EPC
Investment plan - Net Zero and EPC Dave Benson
Slide 19: Upgrading EPCs through refurbishment and redevelopment
Investment plan Upgrading EPCs through our pipeline of refurbishment and redevelopment projects Portfolio snapshot EPC breakdown by area (sq. ft.) - with project activity 26% Project pipeline 19 Vox Studios, Vauxhall £8m total cost to deliver 27,000 sq. ft. of new/refurbished space Included LED ligh
Slide 20: Upgrading units from EPC C
Investment plan Upgrading units from EPC C Portfolio snapshot EPC breakdown (with project activity) by area (sq. ft.) 29% EPC C 20 The Old Dairy, Shoreditch * 4,000 sq. ft. unit * LED lighting * Cost - £12,000 * EPCCtoB Workspace | Sustainability 2022
Slide 21: Upgrading units from EPC D/E
Investment plan Upgrading units from EPC D/E Portfolio snapshot EPC breakdown (with dev activity) by area (sq. ft.) Metal Box Factory, Southwark 4% * 3,000 sq. ft. unit EPCE * LED lighting, secondary glazing and AC * Cost - £76,000 16% EPC D * EPCDtoB 2 Workspace | Sustainability 2022
Slide 22: Achieving net zero - decarbonising heat
Investment plan Achieving net zero - decarbonising heat We will become a net zero carbon business by 2030 I i j inn i Screenworks, Islington + 54,000 sq. ft. (5 floors) * Heatpump and smart energy monitoring * Cost - £1.6m + EPC B (likely move to A post works) 22 Workspace | Sustainability 2022
Slide 23: Cost of upgrading EPCs and transitioning to net zero
Investment plan Cost of upgrading EPCs and transitioning to net zero EPC + Net zero transition cost © © © Cost to upgrade EPC Cost to upgrade EPC Additional investment C to A/B D/E to A/B needed to decarbonise £5-7m £30-40m heat and meet net zero £15-20m © Total cost of EPC and net zero £50-67m (c.£
Slide 24: Driving social impact
Driving social impact Sonal Jain Head of Sustainability pace | Sustainability 20,
Slide 25: Supporting our people and our communities
Driving social impact Supporting our people and our communities Our aim is to have a lasting positive impact on people’s quality of life cCOMMUNIT ec. CUSTOMER. 25 Workspace | Sustainability 2022
Slide 26: 2021/22 Highlights
Driving social impact 2021/22 Highlights £100K Raised for SHP - impacting 550 people 200+ claims Health shield benefits package 540 £180K Lettings in kind 26 £11.05 100% Staff training on sustainability 750+ Customers benefitted from wellbeing support 84 Community & charity events held Workspace | S
Slide 27: Our partnership with SHP
Driving social impact Our partnership with SHP Chris Greenfield Corporate Partnership Manager Single Homeless Project 27 Workspace | Sustainability 2022
Slide 28: Case study: Lock Studios
Driving social impact Maximising social value through employment led regeneration Case study: Lock Studios Y, High quality working space 500+ employment Increase footfall, local spend c. £4000 per week Need-based amenities 6 retail units, 1 public cafe V/, Safe, inclusive, green space 0.75 ha open s
Slide 29: Generating value
- Generating value Sonal Jain Head of Sustainability PmOREREA Market, Bermondsey
Slide 30: Generating value
Generating value Brand & reputation Customer satisfaction Cost savings Employee engagement Financing 30 Workspace | Sustainability 2022
Slide 31: Enhancing our customer brand proposition
Generating value Enhancing our customer brand proposition oF ©) B® 85% of SME decision makers describe sustainability as very / quite important Over 70% have set net zero target For ~20% sustainability requirements are essential to decision making Source: Survey of 300+ SMEs conducted in 2022 Reason
Slide 32: Creating value for customers
Generating value Creating value for customers RIED Freddie’ floWeRs MLiveSmart JUBEL D GORLLAS decent BAM & BAMBOO CLOTHING Community TechAid oousto F p Ue muddy WORKSPACE® HURR Y& DOCK & BAY coLeective © citymapper Wild 32 Workspace |,Sustainability 2022
Slide 33: Panel discussion
Panel discussion Our embedded approach Future proofing our business . Le 4 \ Capitalising on customer demand Bryony Gerega Leo Shapland Head of Development Head of Portfolio Management Management Creating a fairer, flatter London Claire Dracup Sonal Jain Director of People Head of Sustainability & C
Slide 34: A sustainable business
ELECTRIC VEHICLE CHARGING A sustainable business Graham Clemett
Slide 35: A sustainable business summary
We reduce carbon through repurposing iconic buildings We invest in communities and flatten London’s working map ite Stlidjos Lseeioke Giga ie Our robust governance ensures everyone is committed Workspace | Sustainability 2022 ’
Slide 36: Workspace | Sustainability 2022
Workspaee-| Sustainability 2022 Mare Street Studios, Hackney’