Climate Change Data

Environmental Metrics

ESG Focus Areas

• Community, sustainability and resource reduction
• UN Principles for Responsible Investment

Environmental Achievements

• Developing an innovative solar power program to launch across all equity verticals in 2021

Social Achievements

• Creating positive, constructive relationships with residents and tenants; community revitalization; social and community programming

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic disruptions
• Competition for investment opportunities
• Maintaining adequate financial and operational controls
• Retaining and attracting qualified investment professionals
• Managing growing business effectively
• Subjectivity in asset valuations
• Risks inherent in real estate ownership and operation
• Investor unwillingness to commit new capital
• Risks related to undiversified investments
• Industry pressure to reduce fees
• Unidentified or unanticipated risks
• Employee misconduct
• Reputational damage
• Operational risks and data security breaches
• Conflicts of interest
• Change of control
• Clawback obligations
• Dependence on leverage
• Increased government regulation
• Compliance failures
• Changes in law or regulation
• Dependence on distributions from Operating Company
• Tax implications
• Dual-class share structure
• Reduced disclosure under JOBS Act
• Discretion over use of proceeds
• Dividend policy limitations
• Lack of established trading market
• Choice of forum provision
• Corporate opportunity doctrine
• Potential for future sales to depress stock price
• Costs of operating as a public company
• Internal control over financial reporting
• Analyst coverage and credit rating fluctuations
• Anti-takeover provisions
• Stock price volatility

Mitigation Strategies

• Rigorous protocols for remote work; enhanced data-security measures, business continuity plans and information technology systems; policies and procedures to ensure compliance with FCPA and other anti-corruption, sanctions and export control laws; upgrading and expanding data processing systems; measures to prevent and detect employee misconduct; strategies and procedures for managing market risk, liquidity risk, operational risk and reputational risk; efforts to retain and attract qualified investment professionals; expansion of product offerings; disciplined investment philosophy across diversified investment strategies; close monitoring of developments related to COVID-19; focus on safety and well-being of employees; active communication with fund investors and stakeholders; implementation of an internal audit and compliance function

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Solar power program

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Community
• Sustainability
• Resource Reduction
• UN Principles for Responsible Investment

Environmental Achievements

• Developing an innovative solar power program to launch across all equity verticals in 2021, beginning with certain office and multifamily assets

Social Achievements

• Creating positive, constructive relationships with residents and tenants; making improvements that residents and tenants value, often with an emphasis on social and community programming; community revitalization

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• The COVID-19 pandemic has caused severe disruptions in the U.S. and global economy and may affect the investment returns of our funds
• Fund investors may be unwilling to commit new capital to our funds
• Difficult economic, market and political conditions may adversely affect our businesses

Mitigation Strategies

• Closely monitoring developments related to COVID-19 and assessing any negative impacts to our business; implementing rigorous protocols for remote work; actively communicating with fund investors and stakeholders

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Community
• Sustainability
• Resource Reduction
• Diversity and Inclusion
• Environmental, Social, and Governance (ESG)

Environmental Achievements

• Launched an innovative solar power program implemented at one office asset and planned for additional office and multifamily assets.
• Participation in Freddie Mac’s Green Advantage program.
• Commitment to environmental stewardship and conservancy through Bridge Green Initiatives program.

Social Achievements

• Bridge Community Enhancement Initiative (BCEI) in Workforce and Affordable Housing platform, redirecting a portion of management fees to amplify social and community programming.
• Bridge CARES: COVID-19 Relief Fund providing financial support to residents.
• Bridge to Education program providing scholarship grants to residents.
• Numerous awards for Workforce and Affordable Housing strategy, including ESG Private Markets Strategy of the Year, Social Fund of the Year, and Best ESG Investment Fund.

Governance Achievements

• Implementation of diversity, equity, and inclusion (DE&I) frameworks.
• Establishment of a DE&I Committee and employee-led focus groups.
• Creation of employee resource groups to promote inclusion.

Climate Goals & Targets

Environmental Challenges

• Increased scrutiny with respect to climate change and ESG impact of investments.
• Potential for stranded assets and volatile demand due to climate change.
• Increased compliance obligations and costs related to climate change.
• Competition for qualified personnel.

Mitigation Strategies

• Integrating ESG factors into investment analysis and decision-making.
• Developing an innovative solar power program.
• Implementing comprehensive health and safety protocols related to COVID-19.
• Investing in talent acquisition, development, and retention.

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks

• Increasing temperatures
• Rising sea levels
• Changing weather patterns
• More frequent or intense droughts, floods, and storms

Transition Risks

• New or changing land use policies
• Carbon emissions regulations
• Water conservation regulations
• Reporting requirements
• Technology standards
• Market trends

Reporting Standards

Frameworks Used: UNPRI

Awards & Recognition

• ESG Private Markets Strategy of the Year
• Social Fund of the Year
• Best ESG Investment Fund: Private Equity
• Runner up in Best ESG Investment Fund: Real Estate/Property

Environmental Metrics

ESG Focus Areas

• Sustainability
• Community Investment
• Diversity & Inclusion

Environmental Achievements

• Not disclosed

Social Achievements

• Launched Bridge Community Enhancement Initiative (BCEI), integrated into Workforce & Affordable Housing assets
• Charitable giving, employee engagement, mission and values and Diversity & Inclusion embedded into firm governance and structure

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Global Impact Investing Network’s (“GIIN”) & UN Principles for Responsible Investment (“UNPRI”)

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• 2020 PRI Annual Awards
• 2021 ESG Investing Awards Private Equity
• 2021 ESG Investing Awards Real Estate

Environmental Metrics

ESG Focus Areas

• ESG
• Diversity & Inclusion (DE&I)

Social Achievements

• Supported the establishment of multiple employee affinity groups to support our commitment to diversity
• Won awards for Workforce and Affordable Housing Strategy (Best ESG Investment Fund: Private Equity; Runner-up: Best ESG Investment Fund: Real Estate/Property)

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Awards & Recognition

• 2021 WINNER Best ESG Investment Fund: Private Equity
• 2021 RUNNER-UP Best ESG Investment Fund: Real Estate/Property

Environmental Metrics

ESG Focus Areas

• Community & Citizenship
• Climate Change
• Diversity, Equity and Inclusion

Environmental Achievements

• Seeking measurement and reporting of energy, emissions, water, and waste to steadily improve environmental performance across Value-Add Multifamily, Workforce & Affordable Housing (“WFAH”), Office, and Seniors Housing strategies and communities.
• Completed GRESB reporting submissions in 2021 and 2022.

Social Achievements

• Passionate community revitalization mindset, with dedicated social & community programming funded by the Bridge Community Enhancement Initiative (“BCEI”), integrated into WFAH assets.
• Firmwide citizenship initiatives such as Charitable Giving, Employee Engagement, and Employee Resource Groups
• Employee, resident, and tenant engagement to promote sustainable and healthy practices.

Governance Achievements

• Cross-functional ESG Steering Committee and integration of business lines and leadership for decision making, opportunity assessment, and risk mitigation.
• Dedicated Climate Change Task Force to increase awareness of climate risks and opportunities.
• Diversity, Equity and Inclusion (“DE&I”) Committee to drive progress at all levels of the organization.

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRESB

Awards & Recognition

• 2021 Pension Bridge ESG Strategy of the Year Award
• 2021 ESG Investing Awards: Private Equity
• 2021 & 2022 Environmental Finance Social Fund of the Year

Environmental Metrics

ESG Focus Areas

• Sustainability and Responsibility

Environmental Achievements

• Seeking measurement and reporting of energy, emissions, water, and waste to steadily improve environmental performance across Value-Add Multifamily, Workforce & Affordable Housing (“WFAH”), Office, and Seniors Housing strategies and communities.

Social Achievements

• Passionate community revitalization mindset, with dedicated social & community programming funded by the Bridge Community Enhancement Initiative (“BCEI”), integrated into WFAH assets.
• Firmwide citizenship initiatives such as Charitable Giving, Employee Engagement and Employee Resource Groups.

Governance Achievements

• Cross-functional Sustainability & Responsibility Steering Committee and integration of business lines and leadership for decision making, opportunity assessment, and risk mitigation.
• Dedicated Climate Change Task Force to increase awareness of climate risks and opportunities.
• Diversity, Equity, Inclusion + Belonging (“DEI+B”) Committee to drive progress across the organization.

Climate Goals & Targets

Environmental Challenges

• Difficult fourth quarter results, impacted by volatility within commercial real estate markets.
• Fund management fees for the quarter ended December 31, 2023 were negatively impacted by $5.7 million related to Bridge Office Fund I fees that were deemed uncollectible due to market headwinds within the broader office sector.

Mitigation Strategies

• Intentionally patient throughout 2023, with conviction that the backdrop in 2024 offers attractive opportunity.
• $3.4 billion of dry powder puts us in a strong position as opportunities arise.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: UN Principles for Responsible Investment (“PRI”), Task Force on Climate Related Financial Disclosures (“TCFD”), Global Reporting Initiative (“GRI”), and Sustainability Accounting Standards Board (“SASB”), GRESB

Awards & Recognition

• 2021 Pension Bridge ESG Strategy of the Year Award
• 2022 PRI: Real- World Impact of the Year
• 2022 & 2021 Environmental Finance Social Fund of the Year
• 2023 ESG Investing Best ESG Fund: Impact Private Markets Award

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• Difficult economic, market and political conditions may adversely affect our businesses, including by reducing the value or hampering the performance of the investments made by our funds or reducing the ability of our funds to raise or deploy capital, each of which could materially reduce our revenue, earnings and cash flow and adversely affect our financial prospects and condition

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• Difficult economic, market and political conditions may adversely affect our businesses, including by reducing the value or hampering the performance of the investments made by our funds or reducing the ability of our funds to raise or deploy capital, each of which could materially reduce our revenue, earnings and cash flow and adversely affect our financial prospects and condition

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• Unfavorable market conditions in the office sector, including lack of available debt and equity financing and illiquidity of underlying assets.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• Ongoing economic headwinds continue to put downward pressure on occupancy rates, valuations, transaction volumes and the availability of financing in the commercial office sector, which represented 3% of our AUM as of September 30, 2024.
• unfavorable market conditions in the commercial office sector, including the lack of available debt and equity financing and illiquidity of the underlying assets.

Mitigation Strategies

• We are no longer collecting fund management fees or fund administration fees on Bridge Office Fund LP (“BOF I”), which previously contributed $2.0 million to revenue on a quarterly basis.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities