Zug Estates : Sustainability Report 2021 in accordance with GRI Standards

We marked a major milestone in our company's history on 1 June 2022: the dismantling of our last oil- fired heating system. The step we took on that sum- mer's day was preceded by the incorporation of another nine buildings into the Circulago lake water district, which supplies the City Centre site with renewable energy.

Doing so has enabled us to reduce our emissions by another 50% year on year, from 1.8 to the current figure of 0.9 kg CO2 per m2 of energy reference area, putting us far below the target for the 1.5-degree reduction pathway envisioned by the CRREM (Carbon Risk Real Estate Monitor).

But that doesn't mean Zug Estates is done with the topics of energy and emissions. Going forward, we'll be focusing more intensely on boosting our own power generation capacities as well as the consumption of regional, renewable sources of energy. Our solar installations at the Suurstoffi site produced 1 140 MWh of electricity during the reporting period from 1 April 2021 to 31 March 2022, which corresponds roughly to the average power consumption of 250 single-family homes. We'll be installing solar installations at the City

Centre site to increase our own electricity production even further and selling it directly to our tenants through a private consumption community (PCC).

Sustainability targets play a major role in efforts to develop the Metalli Living Space in the heart of Zug, where nearly carbon-free operation is already a re- ality. Promoting biodiversity and a circular economy is our top priority as a result. Our plans also attach great importance to social topics like the creation of a wide variety of cultural and leisure offerings as well as the construction of affordable housing. This approach will enable Zug Estates to create long-term added value that benefits society, the environment and our stakeholder groups.

Both the results we've already achieved and our future efforts are the result of a sustainability strategy that was first implemented more than ten years ago and has been pursued systematically ever since. Sustainable principles and values are firmly entrenched in our company's DNA - at every level, from individual employees all the way to our board of directors.

We hope you enjoy reading our sustainability report, which has been prepared in accordance with GRI Standards. You'll also find more articles on our commitment to sustainability on our website (www.zuges- tates.ch).

Zug, August 2022

Patrik Stillhart

CEO

Key figures

0.9 kg

Greenhouse gas emissions in kilogram per m2 of energy reference area

48

e-vehicle charging stations

200 million

Volume of green bonds placed

316

Number of customers in the private consumption community

24 

Buildings with solar installations (44% of all

buildings) 68 %

1 140

Percentage of certified outdoor spaces

62 kWh

Energy intensity per m2 of energy reference area

590 litres

Water consumption per m2 of lettable area

Solar power production in MwH (enough to cover the needs of 250 single-family homes)

138

Number of employees working for the

Zug Estates Group