SUSTAINABILITY POLICY

BROWNBIRD SUSTAINABILITY POLICY

Policy Effective Date: June 1, 2023

1. PURPOSE AND SCOPE

Brownbird employs this Policy to define the fundamental principles for its commitment to the

well-being of its internal and external stakeholders, communities, and the environment. To

uphold the company’s Core Values and comply with Laws and Regulations within the

jurisdictions it operates.

This Policy applies to anyone accessing, participating in, or impacting the Program including,

but not limited to, employees, consultants, contractors, temporary employees, property

managers, owners, and vendors (“Users”).

2. INTRODUCTION

The Company is committed to being a leader in environmental sustainability

(“Sustainability”) and protecting the Earth’s natural resources through education, innovation,

and the efficient use of land, energy, water, and green products/services in all its operations.

It is committed to mitigating climate change and to meeting global policies and legislation to

reduce carbon emissions.

Environmental sustainability is one of four focus areas of the Brownbird Social Responsibility

Program (“SR”). The Brownbird SR Program focused pillars include championing diversity

and inclusion, protecting human rights, supporting our communities (philanthropy), and

leadership in sustainability.

The Company is taking reasonable steps to manage its Environmental Footprint and

develop programs to reduce energy and water consumption and increase waste diversion as

well as increase our usage of green products and services. The Company is in the process

of tracking and measuring its sustainability performance, manages risks and delivers triple

bottom line benefits by focusing on People (Community), Planet (Natural Capital) and Profit

(Economy). The Company has established baselines and in the coming 3 years will report

performance results annually to externally recognized third party reporting mechanisms.

Performance reporting will enable stakeholders to gauge social responsibility efforts (also

called Environment, Social and Governance (“ESG”)) in conjunction with financial reporting

to evaluate overall company performance. The Company also works with governments, non-

profit organizations, and academic institutions to develop solutions to climate change.

To that end, the Company is developing the Brownbird Green Program. The Brownbird

Green Program is designed to not only benefit its customers, associates, and shareholders

but also the communities in which it operates. The Brownbird Green Program focuses to

enhance the Company’s reputation, deliver positive economic and environmental benefits

and helping the Company attract and retain talent. The Program will also enable the

Company to optimize its risk management efforts and measure its results both quantitatively

and qualitatively to drive competitive advantage by achieving short- and long-term

Sustainability goals.3. POLICY

3.1 Sustainability. All Users are responsible for supporting the Company’s Sustainability

goals.

3.2 The Brownbird Green Program. Brownbird Management Committee (“BMC”) endorses

the mission, authority and structure of the Program and is committed to taking appropriate

steps to comply with Applicable Law. The BMC has charged the Philanthropy, Legal and

Compliance, and Finance departments with developing, maintaining, and communicating

Sustainability policies. The Philanthropy Department is responsible for the overall

administration and management of the Program. The Finance Department in conjunction

with the Operations Department is responsible for implementing processes and controls that

identify, respond to, and remediate issues with regards to environmental or Sustainability

issues and/or information regarding the Company’s facilities, products, services, and

supporting processes.

3.3 Brownbird Green Playbook.

• The Philanthropy Department in conjunction with the Legal & Finance Departments is

responsible for developing the Program’s strategies, processes and procedures that

support the Program’s objectives, including the implementation of the Brownbird

Green Playbook including related funding and resources.

• Operators are responsible for monitoring, tracking, and for using the Brownbird

Green Playbook and/or applicable resources as specified by the Philanthropy

Department in conjunction with the Legal Department.

• The Philanthropy Department is responsible for granting the Operators the

appropriate level of access to the Brownbird Green Playbook and its resources.

• The Philanthropy Department will coordinate with Information Technology when any

technology tools and/or technology support is required for Sustainability initiatives.

3.4 Environmental Management.

3.4.1 Minimize Environmental Footprint. Facility Administrators must take

reasonable and appropriate steps to minimize the Environmental Footprint of

Facilities, including purchasing and procuring environmentally responsible products

and services used in Facilities and taking steps to reduce waste to landfill. Waste

includes, but is not limited to, electronic devices, paper, glass, plastic, and metal plus

food products. When disposing of waste, Users must comply with Applicable Law,

including the Company’s policies regarding Information Security, Privacy, and

Information Management.

3.4.2 Environmental Incident Response. The Legal and Compliance Department

will partner with other areas of the organization as well as serve as a member of the

Executive Incident Response team to assess the potential impact to the company’s

assets and associates regarding any environmental incident. In addition, the Legal

and Compliance Department will be responsible for assisting those associates

impacted at any of our corporate, owned, or managed properties.

3.5 Reporting and Monitoring Environmental Risk.

• The Legal & Compliance Department in conjunction with the Finance Department, is

responsible for:

I. tracking, measuring, and reporting on the Company’s environmental

performance to be utilized by investors and rating agencies.

II. obtaining credible third-party verification and financial review of data and

metrics, including the Company’s Environmental Footprint; and

III. maintaining oversight of existing and new Sustainability products/services. The

Legal and Compliance Department will lead the data validation process through

independent third-party verification providers.• Appropriate tracking of Sustainability regulations and environmental controls must be

built into the Company’s business practices. Such tracking must be commensurate

with the level of risk and comply with Applicable Law.

• The Legal and Compliance Department shall monitor and track Facilities and the

Company’s related Environmental Footprint and activities to comply with Applicable

Law and/or reporting requirements that meet the WHR’s Sustainability goals. The

Operators are responsible for understanding and applying applicable

legislation/regulation at the property level.

3.6 Training and Communication.

• The Company will provide appropriate Sustainability training to Users and Facility

Administrators. It is the Facility Administrators and User’s responsibility to attend

required training sessions.

• The Philanthropy Department in conjunction with the HR Department, shall develop

ongoing communications with key stakeholders both internally and externally about

the Program, including but not limited to, ESG reporting, requests for proposals,

third- party reviews and the Company’s Sustainability performance.

3.7 Management of Third-Party Vendors.

• The Legal Department, with the assistance of the Operations Department, is

responsible for oversight of third-party vendors who supply and develop

Sustainability products and services to the Company.

4. RESPONSIBILITIES

It is the responsibility of all Users to understand and comply with this Policy. Upon discovery

of a violation or perceived violation of this Policy, the User will immediately notify the Legal

and Compliance Department as soon as possible. It is the responsibility of the Senior

Leadership of the Social Responsibility Council to review this Policy on an annual basis.

5. DEFINITIONS

“Applicable Law” means any applicable regulation, statute, rule, industry standard,

contractual requirements, Company policies, standards (including privacy notices)

and procedures.

“Operators” are individuals or groups of individuals designated by the Sustainability

Department with responsibility for monitoring, tracking, implementing and/or

maintaining Brownbird facilities and the Environmental Footprint of our facilities and

related activities. If an individual or group not designated by the Sustainability

Department the responsibility will be that of the Operations M

• anager, or Facilities Managers

“Company” means Brownbird.

“Environmental Footprint” means the measurement of natural resources or

sources (e.g., oil, coal, gas, water, plants, and wood) used by the Company through

business activities such as working, printing, traveling and meetings. These activities

are translated into common sets of measurements and then can be defined as a

footprint of a business, building, person, or activity.

“Environmental Incident” is an environmental activity (e.g., unplanned event,

natural disaster, etc.) that impacts Facilities and requires review, intervention, and/or

remediation by the Company.

“Environmental, Social and Corporate Governance” or “ESG” refers to the three

the central factors in measuring the Sustainability and ethical impact of an

investment in a business.

“Facilities” means any physical location where the Company conducts business.• “People (Community)” means treating our associates and communities fairly, as

well as saving the environment and improving health with clean air and water.

“Planet (Natural Capital)” means conserving the earth’s resources and our natural

environment by recycling, reusing, and reducing the consumption of resources.

“Profit” means providing an economic benefit either through an increase in

revenues or a reduction of expenses.

“Brownbird Management Committee” or “BMC” consists of Brownbird’s

Managing Director and his or her direct reports.

“Sustainability” means meeting the needs and resources of the present generation

without compromising the ability of future generations to meet their own needs.

“Brownbird Green Program” means the Sustainability Program for the Company.

“Brownbird Green Playbook” means the tools and processes in place to support

the Brownbird Green Program

6. VIOLATIONS

Any violation of this Policy may result in disciplinary action, up to and including termination of

employment. This document shall not be construed to represent a contract of employment

between Company and any User or third party.

Any User who is requested to undertake an activity which he or she believes is in violation of

this Policy must report his or her concerns to his or her manager, any other manager, or the

Human Resources Department, and/or the Integrity Line as soon as possible.

7. QUESTIONS & CONCERNS

Questions and concerns may be directed to the Legal and Compliance (Mike Murindagomo)

at mike@brownbird.co.za.

8. Modifications

Modification 1.0 Date 01.06.2023 Modified by Roy Machingura Reason for modification

Initial Version