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ESG

ESG is an integral part of our operation cycle and underpins every aspect of our culture, down to the partners with whom we choose to associate ourselves. It is the foundation on which our purpose and focus are built, with sustainability and the environment, people and our communities, and corporate governance and management placed at the core of everything we do.

We seek to meet global sustainability standards, ensuring each project is as safe as it is viable. We strive to create a welcoming, inclusive, and equal environment for all individuals across every aspect of the business. We continually challenge ourselves as individuals and as a team to improve with each passing year.

ESG

Message from shareholders

"Environmental, Social, Governance, or ESG, is deeply ingrained in the BW company culture. We understand the need to act responsibly and empathetically especially in times of uncertainty. We are an agile, purpose-led company. And with each new project, hire, and development, we seek new ways to support general well-being, diversity, gender equality, and clean, affordable energy."

Sustainability Highlights

BW is a leading for-rent logistics and industrial property developer in Vietnam. It has more than 9.95 million square meters of industrial land in prime locations under control across over 50 projects in 12 key provinces in Vietnam. BW integrates sustainability by pursuing LEED (Leadership in Energy and Environmental Design) certifications for new developments, including LEED Gold for projects like BW Bac Ninh 2 Logistics Park, BW Thuan Dao Logistics Park, BW Xuyen A Industrial & Logistics Park Phase I & II, and BW Vinh Loc Industrial Park. The firm has also achieved LEED Silver certification for its BW Phu Nghia Logistics Park. Once projects are operational, BW typically evaluates opportunities in renewable energy and has piloted two projects for rooftop solar (BW My Phuoc 3 Industrial Hub and Tan Phu Trung 1 Logistics Park).

BW's ESG Footprint

01 Sustainable operations

With close to 3 million sqm of rooftop area across 60 projects, BW is one of the largest rooftop space owners in Vietnam. We have successfully implemented two rooftop solar (RTS) pilot projects in the South and plan to progressively roll out installations across the portfolio. In March 2026, we signed an agreement with Vietnam-Singapore Smart Energy Solutions JSC (VSSES) to develop a 30 MWp rooftop solar system at BW Bau Bang Industrial Hub, with the potential to scale to more than 100 MWp over time.

02 Green Building Certifications

BW’s green building certification journey began in 2023 with the Phu Nghia project. Since then, 7 projects have achieved LEED certification, with 4 additional projects currently in progress. As of December 2025, approximately 1 million sqm of ready-built factories and warehouses - completed, under construction, or in pre-construction—have been designed to pursue green building certification, representing approximately 22% of BW’s 4.5 million sqm portfolio.

03 Building Stronger Communities: Our Social Impact Efforts

At BW, we focus our community investment efforts on education, environmental initiatives, and local community support. Our belief is simple: sustainable industrial growth should create long-term positive impact far beyond our industrial properties. In 2024-2025, BW contributed approximately vnd 1.9 billion across 9 community initiatives.

04 Environmental Due Diligence for All New Projects

At BW, we assess every new project for contamination risks and hidden liabilities through environmental due diligence. Environmental Impact Assessments (EIA) ensure that every development plan is environmentally sound and sustainable. All 21 projects carried out in 2024/2025 conducted EIAs.

05 Health, Safety and Environment (HSE)

BW’s HSE Management System is designed to protect employees, contractors, and visitors across all projects under construction. Regular HSE training programmers are conducted for contractors and supply-chain partners to promote consistent safety standards and regulatory compliance across all sites.

06 Core Values, Code of Conduct and Internal Compliance

Our policies and training reflect the Foreign Corrupt Practices Act (FCPA), Anti-Bribery Compliance Policy, Code of Ethics, and Whistleblower Policy, and policies promoting a safe, respectful, and harassment-free workplace. A dedicated Compliance Officer ensures that every activity reinforces the integrity of our culture. All staff undergo compliance training and e-learning programs.

07 Work Environment

Despite industrial real estate being a male-dominated sector, 60% of our team is female and 50%(1) of department heads(2) are women.

(1) Figures as of Dec 2025
(2) Department head: a senior leader accountable for strategy, performance, headcount, budget, and operations of a specific function within the organization.

Roadmap

BW has set out a clear path of major objectives and strategies. Departments across the company are aligned to these initiatives and well prepared to bring them to fruition.

Strategy Framework & Targets

At BW, we have instituted a variety of short- and long-term goals and expectations for ourselves across three key categories – people, property, and corporate commitment. We remain tireless in our pursuit of achieving the goals.
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ESG Policies

Our ESG policies set out our corporate values in relation to our ESG responsibilities and management, which serve as the foundation of our ESG journey. These policies ensure that we do our part in addressing today’s environmental and societal challenges, to better serve our clients and community.

ESG Report

Transparency is crucial when setting ESG standards. Each year, we report on our activities and performance, holding ourselves to a high standard of responsibility and steadily increasing that commitment.