Simon Sustainability Report 2019

SUSTAINABILITY GOVERNANCE

Company Governance

Sustainability governance is well established at Simon. Sustainability has a dedicated department and its activities are steered by the head of Sustainability who is responsible for developing Simon’s sustainability strategy, managing sustainability key performance indicators, and setting the company’s sustainability short- and long-term objectives. The head of Sustainability drives sustainability initiatives through close collaboration with key corporate functions and oversees the implementation of various initiatives across the portfolio. She chairs the Sustainability Executive Committee that includes C-suite executives from the company’s core functions (see Chart C). This committee has overall supervision of Simon’s sustainability performance.

The Sustainability Executive Committee provides leadership and oversight to encourage and assure sustainability opportunities are supported and recognized at the highest level of the company. Additionally, our Global Head of Sustainability reports annually directly to the Board of Director’s Nominating and Governance Committee on our sustainability efforts. The field network is comprised of the management teams at centers across the portfolio who ensure appropriate procedures are in place to implement the corporate sustainability objectives within their local environments.

33% of Independent Directors Are Female

OVER75% Independent Directors

Board Committees Are Comprised of

Chart C: Sustainability Governance

40% of Our Independent Directors Have Joined the Board Since 2015

100% Independent Directors

Sustainability Office

Global VP of Sustainability

— Sustainability is considered at the board level through presentation given annually to the Nominating and Governance Committee. — All five members of the Audit Committee are Audit Committee Financial Experts as such term is defined by the Securities and Exchange Commission. — Each Independent Director and named Executive Officer is subject to stock ownership requirements, aligning their interests with those of the Company’s shareholders.

Field Network

Sustainability Executive Committee

Executive Vice

Chief Marketing Officer

President of Malls

President of Mills

President of Premium Outlets

Secretary and General Counsel

Chief Investment Officer

Chief Operating Officer/ Development

Chief Financial Officer

President Property Management

| SIMON PROPERTY GROUP, INC.

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SUSTAINABILITY REPORT 2019 |