Land Securities Group PLC

### Process for Project Evaluation and Selection

We have strengthened the integration of sustainability into our business model by setting up a dedicated crossdepartmental Green Financing Committee (GFC) to identify, select and monitor Eligible Green Projects to be funded by Green Financing Instruments. The GFC comprises of members of the Sustainability forum, in addition to the Group Treasurer.

The GFC's role will be to:

— Review, select, validate and monitor the pool of Eligible Green Projects annually, based on the Green

— Validate annual reporting for investors;
— Monitor the on-going evolution related to the Sustainable Capital Markets in terms of disclosure/reporting in order to be in-line with market best practices; and
— Review the Framework to reflect any changes with regards to the company's sustainability strategies and initiatives.

The GFC will meet at least semi-annually following the issue of a Green Financing Instrument, or as further required in order to review and approve allocation of proceeds and reporting. [...] The Board is responsible for the oversight of Landsec's approach to sustainability, which includes ownership and monitoring of climate-related risks and opportunities impacting the business. Our CEO is the Board's 'Sustainability Executive' and has overall accountability. The key ESG Risks identified are: Climate change; Information security & Cyber threat; Health and Safety incidents and major resilience events. The primary owner for Environmental and Climate risk is Landsec's Corporate Affairs Director. The Head of ESG and Sustainability is the secondary owner, being the senior leader responsible for ensuring appropriate mitigation actions are taken. Our climate-change principal risk includes both transition and physical climate risk and is monitored on a quarterly basis using a series of Key Risk Indicators as detailed in the Metrics and Targets section of Landsec's TCFD statement included in the Annual Report, the latest version of which can be found on our website[12].

Engagement activities and the interaction with Government on key climate-related legislation and policy decisions which affect our business are reviewed and discussed by the Sustainability Team and Corporate Affairs Team on an ongoing basis. Based on the issue under discussion, we also involve relevant people from across the business to provide further insights and expertise to the conversation. This ensures that any engagement activity on climate change is consistent with our business strategy and is also consistent with our sustainability and climate change strategy. In addition, our Head of ESG and Sustainability and Sustainability Director report the status of current engagement activities relating to climate change in the Sustainability Forum, a senior management group, responsible for executing the strategy and delivering programmes of work needed to meet our sustainability targets and ambitions which reports to the Executive Leadership Team, chaired by our Chief Executive (our Board 'Sustainability Executive'). This approach ensures that the organisation is constantly up to date with any policy developments and that Landsec responds effectively, maintaining a consistent position with our overall climate change strategy.

Engagement activities and the interaction with Government on key climate-related legislation and policy decisions which affect our business are reviewed and discussed by the Sustainability Team and Corporate Affairs Team on an ongoing basis. Based on the issue under discussion, we also involve relevant people from across the business to provide further insights and expertise to the conversation. This ensures that any engagement activity on climate change is consistent with our business strategy and is also consistent with our sustainability and climate change strategy. [...] In addition, our Head of ESG and Sustainability and Sustainability Director report the status of current engagement activities relating to climate change at our Sustainability Forum, which consists of senior representatives, responsible for executing the strategy and delivering programmes of work needed to meet our sustainability targets and ambitions which reports to the Executive Leadership Team, chaired by our Chief Executive (our Board 'Sustainability Executive'). This approach ensures that the organisation is constantly up to date with any policy developments and that Landsec responds effectively, maintaining a consistent position with our overall climate change strategy.

Attach commitment or position statement(s)[…]We have been committed to actively support public policy and regulation in line with goals of Paris Agreement for a number of years. For instance, in our 2018 Annual Report (p. 43) , we disclose actions taken in the year. In addition, in our Annual Report 2021 (p.64), we have provided further engagement actions undertaken, following the IPCC report and Committee on Climate Change. One of these actions was signing the Better Building Partnership (BBP) Climate Change Commitment, which calls upon Government to deliver a supportive legislative agenda with a clear long-term trajectory to achieve net zero carbon buildings.

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]Engagement activities and the interaction with Government on key climate-related legislation and policy decisions which affect our business are reviewed and discussed by the Sustainability Team and Corporate Affairs Team on an ongoing basis. Based on the issue under discussion, we also involve relevant people from across the business to provide further insights and expertise to the conversation. This ensures that any engagement activity on climate change is consistent with our business strategy and is also consistent with our sustainability and climate change strategy.
In addition, our Head of ESG and Sustainability and Sustainability Director report the status of current engagement activities relating to climate change in the Sustainability Forum, a senior management group, responsible for executing the strategy and delivering programmes of work needed to meet our sustainability targets and ambitions which reports to the Executive Leadership Team, chaired by our Chief Executive (our Board 'Sustainability Executive'). This approach ensures that the organisation is constantly up to date with any policy developments and that Landsec responds effectively, maintaining a consistent position with our overall climate change strategy.
For instance, following the UK commitment to become net zero by 2050 and the release of the Energy White Paper by the Department for Business, Energy & Industrial Strategy (BEIS) in December 2020, the Government released several public consultations on topics related to climate change, including mandatory climate-related financial disclosures by large companies, the development of a performance-based approach framework for rating energy and carbon performance of large commercial and industrial buildings, and a framework to increase minimum EPC requirements to EPC B by 2030 for non-domestic buildings. The Corporate Affairs Team monitors all these relevant upcoming consultations and discussed the consultation with the Sustainability Team. The Sustainability Team drafted a response for each consultation, incorporating comments from relevant teams across Landsec and shared the responses and our overall position with Corporate Affairs Team for further comments. The response and overall position were then submitted to the Government. This process ensures that our position is consistent with our business and climate change strategy, as well as it keeping relevant teams aware of and prepared for future climate-related regulation changes.

Does your organization have a public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement?[…]Yes