Simon Sustainability Report 2021

SIMON SUSTAINABILITY REPORT 2021

STATEMENTFROMOUR GENERALCOUNSEL

DEAR STAKEHOLDERS,

Our sustainability efforts in 2021 varied widely, ranging from programs that focus and make an impact at the local level, such as helping at-risk youth, to those designed to help tackle global issues such as climate change. At the local level we engaged our workforce, our tenants, and our shoppers in our programs to enrich the communities of which we are a part. Another important activity in 2021 was the review of the allocation of ESG oversight responsibilities among the Board and its committees. This allocation of ESG oversight responsibilities is presented in this report, and set forth in the committee charters located on our website at committeecomposition.simon.com. We are proud of our local teams that dedicated nearly 20,000 hours to fundraising events in 2021, raising over $3,000,000 in total. One of my favorite examples of our collaborative local programs is our partnership with the National Pediatric Cancer Foundation, for whomwe hosted inspiring “Fashion Funds the Cure” events at The Galleria in Houston, Texas and at the Town Center at Boca Raton. These events raised a total of $300,000 and many of our tenants also contributed clothing. I also cannot say enough about the impact that Simon Youth Foundation (SYF) has had on our communities. Since 1998, SYF’s now 44 academies operate in partnership with local public school districts to ensure that at-risk students earn their high school diplomas. I’m proud to say that in 2021 specifically, our employees alone donated $566,000 to SYF which had over 3,500 students enrolled. I have been impressed by the way our D&I programs, which are grounded in the embrace of our differences in a respectful and honest environment, have embellished our strong culture. In 2021 our D&I efforts resulted in Simon being recognized for the first time as a “Best Places to Work for Disability Inclusion” by Disability: IN. I am looking forward to our participation in 2022 in NAREIT’s Dividends Through Diversity and Inclusion initiative. D&I success at Simon will result in not only a more rewarding work experience for our employees, but also improved business performance and an enhanced competitive advantage. Finally, we are thrilled to be finalizing the initial phase of our low carbon transition plan. This will serve as a dynamic and flexible business model, allowing Simon to execute on our climate commitments and continue our decarbonization journey in the most efficient and impactful way. Once you have read the following report, I hope that you will agree that our ESG program provides the basis for future benefits and improved results for our business, and the communities we serve.

Steve Fivel General Counsel Simon Property Group

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