Simon Sustainability Report 2021

SIMON SUSTAINABILITY REPORT 2021

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Simon Property Group’s (Simon) 2021 Sustainability Report provides information and updates on the Company’s continuing sustainability efforts and achievements. This report includes information from Simon’s real estate activities in the U.S. including Simon Malls, ® Simon Premium Outlets, ® and The Mills. ® The information communicated in this report is based on data for the year ending December 31, 2021—or otherwise explained in the report. This report’s scope is limited to properties directly managed and owned by Simon in the U.S. and Canada. Activities related to assets that Simon does not manage, and the activities of SPARC Group LLC and JCPenney are excluded. This report contains Standard Disclosures from the Global Reporting Initiative (GRI) guidelines and has been prepared following GRI Standards’ core reporting requirements and incorporates disclosures aligned with the Task Force on Climate-related Financial Disclosures (TCFD). The GRI content index is available at the end of this report. For additional sustainability information, please visit investors.simon.com/sustainability.

This report was revised on September 19, 2022 as follows: –Reduction of emissions from RECs (Pg. 37) –Direct energy consumption, baseline emissions by scope, and 2035 target emission by scope (Pg. 43) –Lucideon Assurance Statement (Pg. 62) –GRI 305-1A - Direct GHG Emissions (Scope 1) for 2019 (Pg. 72) –GRI 305-2B - Gross market-based energy indirect (Scope 2) GHG emissions for 2019, 2020, 2021 (Pg. 73) –GRI 305-3A - Other indirect (Scope 3) GHG emissions for 2019, 2020, 2021 (Pg. 74) –GRI 305-3E(ii) - Emissions in the base year (Pg. 74)