Company: BPYPN
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001545772-25-000008
Chunk: 39

Company: Brookfield Property Partners L.P.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 4
Chunk 39
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 in our properties or disposed of at other locations.

• We must comply with regulations under building codes and human rights codes that generally require that public buildings be made accessible to disabled persons.

• We must comply with laws and regulations concerning zoning, design, construction and similar matters, including regulations which impose restrictive zoning and density requirements.

• We are also subject to state, provincial and local fire and life safety requirements.

These laws and regulations may change and we may become subject to additional and/or more stringent laws and regulations in the future. We have established policies and procedures for environmental management and compliance, and we have incurred and will continue to incur significant capital and operating expenditures to comply with health, safety and environmental laws and to obtain and comply with licenses, permits and other approvals and to assess and manage potential liability exposure.

Sustainability at Brookfield

As a leading global owner and operator of high-quality real estate, our sustainability strategy is centered on supporting business resilience and creating value for our investors and stakeholders - now and in the future. We manage our investments with integrity, combining economic goals with responsible citizenship. This is consistent with our longstanding philosophy of conducting business with a long-term perspective in a sustainable and ethical manner. It also requires operating with robust sustainability principles and practices, and maintaining a disciplined focus on integrating these into everything we do.

Sustainability Principles

While sustainability principles have always been embedded in how we run our business, this approach was formalized through Brookfield’s sustainability principles in 2016 and described in Brookfield’s global Sustainability Policy. This policy codifies Brookfield’s longstanding commitment to integrating sustainability considerations into decision-making and day-to-day asset management activities. This policy is reviewed annually and updated on an as-needed basis by senior management at Brookfield, as well as Brookfield’s Real Estate group. Our Sustainability Policy outlines our approach and is based on the following guiding principles:

• Mitigate the impact of our operations on the environment

• Strive to minimize the environmental impact of our operations and improve our efficient use of resources over time.

• Support the goal of net zero greenhouse gas (GHG) emissions by 2050 or sooner.

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•Strive to ensure the well-being and safety of employees

• Foster a positive work environment based on respect for human rights, valuing diversity, and having zero tolerance for workplace discrimination, violence or harassment.

• Operate with leading health and safety practices to support the goal of achieving zero serious safety incidents.

• Uphold strong governance practices

• Operate to the highest ethical standards by conducting