Simon Sustainability Report 2022

SIMON SUSTAINABILITY REPORT 2022

STATEMENT FROM OUR GENERAL COUNSEL

DEAR STAKEHOLDERS,

Our properties, employees, tenants, and shoppers are the central focus of our sustainability programs. We have implemented sustainability into our business; from how we plan, develop, and operate our properties to how we do business with our customers, engage with our communities, and create a healthy, safe, productive, and positive work environment for our employees.

Our sustainability framework focuses on four key areas: Customers, Communities, Environment, and Employees. Each of the Board’s committees is tasked with monitoring certain elements of our strategy.

We are well on our way to achieving our carbon-reduction goals. We have set clear ambitions to reduce our emissions by 68% for Scope 1 and 2 carbon emissions, and 20.9% reduction for Scope 3 GHG emissions by 2035. In 2022, we achieved a significant reduction of 65% in Scope 1 and Scope 2 absolute emissions from 2013 baseline, demonstrating that Simon takes its commitment to sustainability seriously.

We invite you to review our sustainability report and see for yourself how our ESG program provides the basis for future benefits and improved results for our business, and the communities we serve.

Thank you for your continued support.

Sincerely,

Steven E. Fivel General Counsel & Secretary Simon

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