Biodiversity & Deforestation Policy

POLICY STATEMENT

Biodiversity & Deforestation

Introduction

As a result of climate change, deforestation, land degradation, the pollution of water, soil and air, and the exploitation of wild species, biodiversity is under threat. Due to unsustainable human activities, we are losing the wealth of plants and animals like never before. More than a million species are currently at risk of extinction. At the same time, the global population of wild species has already fallen by 60% over the last 40 years. Not only is biodiversity essential to human and planetary well-being, but it is also a fundamental component of long-term business success. Companies rely on healthy ecosystem services as critical inputs. Therefore, we all need to consider the risks and opportunities of biodiversity loss and act to manage them.

02. Our position

WDP recognises that through the development, management and operations of our properties, we can positively contribute to protecting and enhancing biodiversity and contribute to long-term sustainable development of our properties.

We seek to address the drivers of deforestation and forest degradation and want to contribute not only to protecting existing forests with significant natural value, but also help to increase forest land.

01.

Policy commitments

WDP is committed to:

I. Asses the biodiversity of our properties and new developments;

II. Enhance the biodiversity of our properties and new developments;

III. Manage and report the biodiversity outcomes of our properties and new developments;

IV. Strive for a strong correlation between our netzero targets as from 2025 and our goals for preservation and restoration of biodiversity and ecosystems in general through a dedicated carbon removal strategy.

04.

Engaging with stakeholders

WDP is committed to collaborate with customers, employees, suppliers and the community to achieve mutually beneficial outcomes while enhancing and protecting native flora and fauna.

Key activities include:

• Open-minded to opportunities to work with our customers on retaining existing, and creating new vegetated spaces to encourage biodiversity;

• Requiring our suppliers, as outlined in our Supplier Code of Conduct, to deliver their services in accordance with these policy objectives;

• Training our employees to understand the importance of protecting and enhancing biodiversity and continue to raise awareness of biodiversity risks and opportunities for our business.

05.

Management and review

WDP will integrate a biodiversity reporting system into its business. The policy will be reviewed on a regular basis and progress will be reported.