Greystar Sustainability Report 2024

UN SDG ALIGNED GOALS & 2024 HIGHLIGHTS

8

GOALS

ALIGNED SDG

2024 HIGHLIGHTS

INITIATIVE

• Formalize on-site solar pilot projects to inform U.S. multifamily and logistics asset strategies • Develop net zero pathways for select funds and assets • Use infrastructure strategy to invest in assets supporting this initiative

• Accelerated on-site solar installations • Piloted net-zero planning software on 38 assets • First infrastructure strategy investment in an energy asset supporting decarbonization of real estate

Advance Decarbonization Efforts: Our efforts aim to expand clean energy use and chart pathways to decarbonization for our assets, reducing environmental impacts while supporting sustainable development in surrounding communities. Energy and Resource Efficiency Enhancements through Innovative Technologies: We are focused on increasing resource efficiency and reducing asset environmental footprints through innovative technologies.

• Establish a new resource management program in Europe • Integrate sustainability-related property technologies

• Rolled out energy management program in Europe • Implemented smart irrigation, compactors, and new environmental data platform across assets

• Update sustainability design guidelines for new developments • Pilot BREEAM In Use certification program for select U.S. conventional assets

Promote Sustainable Development through Design Standards and Certifications: We are committed to developing and managing buildings that are sustainable, resource-efficient, and environmentally friendly.

• Updated development sustainability guidelines • Achieved multiple green certifications

• Added physical and transition climate risks to the risks considered as part of investment diligence

Support Climate Resilient Buildings & Communities: We seek to protect communities and assets by integrating climate risk analysis into the investment diligence process which can help us to address such risks during the hold period, ultimately with the goal of making our portfolio more resilient against climate impacts. Enhance Resident Health, Well-Being, and Engagement through Building Standards and Tenant Programming: We combine wellness certifications, sustainable practices, and tenant-focused engagement programs to foster healthier living environments and communities.

• Ongoing integration of considering physical and transition climate risks as part of risks considered during investment diligence

• Piloted Fitwel and AirRated certifications at select US and UK assets • Expanded property management education and tenant wellness programming across key markets

• Pilot Fitwel and other health and wellness certifications • Support building management teams in creating sustainable spaces that encourage resident interaction

• Launched first essential housing strategy for investments in US and EU • Delivered first modular garden community through Modern Living Solutions • Partnered with 78 universities to develop and manage student housing

• Develop modular housing capabilities and drive investment in affordable housing solutions

Invest in Essential Housing Strategy: We are investing in attainable rental options for underserved populations.

• Second annual sustainabilty report published • 33 funds reported to GRESB • Conducted UN PRI gap assessment • Analyzed global reporting requirements (e.g., CSRD)

Integrate Sustainability into Reporting: Reporting progress transparently fosters accountability and builds trust with stakeholders, reinforcing Greystar's role as a responsible global partner.

• Meet current and upcoming sustainability reporting mandates • Use sustainability reporting to showcase progress toward our goals, building trust with investors, clients, and other stakeholders

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