7/1/2020

They key objectives of Cheval�s ESG strategy in place are to: - Minimise waste by evaluating operations and ensuring they are as energy efficient as possible - Minimise emissions through the selection of renewable sources of energy - Minimise energy consumption through building management systems optimisation. - Actively promote recycling, both internally and amongst guests and suppliers - Source and promote a product range with a minimal environmental impact Meet or exceed all the environmental legislation that relates to the company - Ensure the wellbeing of our guests and employees correlates with Company sustainable activities - Promote corporate responsibility regarding the environment and community impacts Utilities - All gas appliances in the residences� kitchens have been replaced with electric induction models - All mechanical and electrical plants are monitored by building energy management systems (BMS) BMS systems are optimised to achieve maximum efficiency to reduce energy - Electricity is procured from renewable energy. This is monitored through our incumbent energy advisors - Lighting in all public areas is kept to a minimum and wherever possible we introduce occupancy sensors - All new properties are specified to be 100% LED. - - - Older properties have invested in LED lighting retrofitting - To reduce the amount of water used, we have installed low flow rate shower heads, pressure reducing systems, efficient toilet flush systems and aerators on taps. Our water quality is regularly checked to make sure it conforms with Legionnaires - Disease prevention regulation - Larger properties are equipped with grey water harvesting systems which is utilised for toilet flushing Waste management - All waste is disposed of in accordance with the relevant legislation depending on type (recyclables, WEEE etc.) - We work with �Zero waste to landfill� - We are moving away from single use toiletries to cut down on plastic waste - Recycling in apartments and offices has been introduced; guests and colleagues are encouraged to participate - We have seen a reduction of paper waste by reducing printing, upgrading software for maintenance and housekeeping and introducing electronic filing requirement for offices - We use environmentally friendly chemicals In our properties linens are changed only every 3rd day - We order in bulk ordering to reduce delivery emissions Air and water pollution control - New properties are specified with electrically heated water and heating based on VRV systems instead of natural gas - Air conditioning systems are equipped with refrigerant leak detection - We encourage our guest to use electric vehicles through installing EV chargers in most of our properties - All paints and other maintenance chemicals are water based with low voe levels - To ensure wellbeing of our guests and employees, we will be introducing formaldehyde free furnishings and air pollution inhibiting paints for new projects Community engagement - The Company engages with number of local charities - All employees are encouraged to actively support their local communities, for example with food collections and winter clothing donations