Simon Sustainability Report 2019

SUSTAINABILITY FRAMEWORK&GOALS

Goals

For Simon, sustainability is a business approach that enhances the communities in which we operate as well as long-term shareholder value by embracing opportunities, improving our bottom line, and mitigating environmental and social risks. Our sustainability vision is to be recognized as a leader in sustainable development and operations in retail real estate in the U.S. We define and implement sustainability initiatives that consider all stages of our business. The four areas of our sustainability framework are outlined below:

“

We are thrilled to announce that we have exceeded all of our 2020 sustainability goals. We will continue to set goals on our material ESG topics, enabling us to measure and track issues that matter most for our stakeholders and us.

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Mona Benisi Global VP of Sustainability

Key focus areas for 2020 onwards include: — Reducing our GHG emission and committing to setting science-based reduction targets

Environment

Customers

Communities

Employees

Strive for high levels of employee engagement by creating a culture that attracts and retains the industry's best talent

Create meaningful social and economic impact in the communities in which we operate and build strong communities through development and engagement activities

Anticipate customers' needs and enhance the shopping experience at Simon centers while assisting our tenants to be successful in their business

Strive for efficiency in developing and operating our properties with innovative solutions that lower operational costs and reduce our environmental footprint

We recognize the crucial part the business community can play in minimizing the risk climate change poses to society. We are committing to setting greenhouse gas emission reduction targets in line with climate science and the guidelines provided by the Science Based Targets Initiative—a joint initiative by CDP, the UN Global Compact, the World Resources Institute, and WWF. — Engaging with Stakeholders Simon will assess the feasibility of joining the United Nations (UN) Global Compact and aligning our sustainability strategy with the UN Sustainable Development Goals. — Improving Reporting and Transparency of Climate-Related Disclosure Simon will incorporate the recommendations of the Task Force on climate-related Financial Disclosures for its climate- related company disclosures. — Embracing Diversity & Inclusion We will name a Diversity Ambassador with the objective of enhancing the company’s diversity and inclusion strategies and creating an action plan for completion over the next years.

| SIMON PROPERTY GROUP, INC.

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SUSTAINABILITY REPORT 2019 |