1 Hotel Central Park, New York Starwood Opportunity Fund VIII and Starwood Hospitality Fund II CORPORATE RESPONSIBILITY Environmental Social Governance Starwood Capital Group believes that good governance practices and responsible corporate behavior contribute to the long-term success of companies, and are critical to well-functioning markets. We also believe that strong corporate governance helps reduce investment risk and ensures that investor capital is used effectively. Starwood Capital Group is proud to be both carbon neutral and a signatory of the United Nations-supported Principles for Responsible Investment. Please see below and you can learn more by reviewing our Environmental, Social and Governance (ESG) Policy. ENVIRONMENTAL As a core philosophy, Starwood Capital Group is committed to responsible investing through environmental sustainability, as well as responsible community development. The commitment to environmentally responsible investments starts with our acquisition team. Starwood Capital Group conducts rigorous reviews before acquiring properties to ensure clean environmental backgrounds. Starwood Capital Group’s Investment Committee reviews the due diligence performed by our in-house acquisitions team, and our legal team works with transaction counsel, local counsel and third parties (environmental consultants, architects, etc.) to identify any potential environmental issues and request additional due diligence when necessary. At Starwood Capital Group, we do not just look at real estate as it is today—we see it as it could be. This philosophy extends to our approach to environmentally responsible investing. Instead of accepting the status quo that says conservation is a secondary concern when managing property, we are committed to setting a new standard for the private equity industry. SOCIAL Starwood Capital is committed to enriching the communities in which we live, work and serve—and in protecting the interests of all our stakeholders—including investors, partners, vendors, employees, the community and the environment. We are guided by the following principles: • Create a Positive Workplace Environment • Maintain a Commitment to Diversity, Equity and Inclusion • Offer a Path to a Rewarding Career • Foster a Culture of Meritocracy • Enrich the Lives of our Employees • Make a Positive Impact on the Community • Uphold High Standards for our Service Providers • Improve the Lives of Others GOVERNANCE At Starwood Capital, we work hard to meet the gold standard for strong and ethical governance procedures that ensure we never conduct business that could jeopardize our leading role in the investment community. We are guided by the following principles: • Conduct Business Fairly, Observing a Strong Code of Ethics • Align our Interests with Those of our Partners • Work with Responsible Partners and Counterparties • Operate with Transparency • Work within a Compliance Culture • Support and adhere to the UNPRI and ILPA Private Equity Principles Starwood Capital Group’s longstanding relationships with its investors, business partners and lenders are a testament to our success in meeting the highest standard of fairness, cooperation, transparency and commitment to the communities in which we operate.