Paramount : 2024 GRI Content Index

Published: 2025-06-25 17:16:06 ET PGRE

Published on 06/25/2025 at 17:16

Paramount Group - 2024 GRI Content Index

Disclosures

Description

Response

References

UN SDG

Organizational Profile

2-1

The organization and its

reporting practices

Paramount Group, Inc.

1633 Broadway, Suite 1801, New York, NY 10019 1, United States of America

Paramount Group, Inc. is a Maryland Corporation and a publicly traded REIT.

2024 10-K,

Adobe pg. 1 and 35 ("Portfolio Summary")

N/A

The reporting boundary for this disclosure is Paramount's owned and managed assets in which the company has 25% or larger ownership and maintains direct operational control. This reporting boundary is consistent with the reporting boundary found in our financial filings and used for the 2024 Corporate Responsibility Report, listed below:

2024 Corporate Responsibility Report, Adobe pg. 4 and 29 ("Company Profile" and "About This Report")

New York, NY 1633 Broadway

1301 Avenue of the Americas 1325 Avenue of the Americas 31 West 52nd Street

900 Third Avenue

712 Fifth Avenue

San Francisco, CA(1) One Market Plaza 300 Mission Street One Front Street

55 Second Street

(1) In the first quarter of 2024, Market Center and 111 Sutter were reclassified as "non-core" assets in Paramount's financial filings, which represents a change in reporting boundary when compared to past years.

Page 1 of 51

2-2

Entities included in the organization's

sustainability reporting

Paramount's REIT portfolio is included in the organization's sustainability reporting, aligning with its financial reporting boundaries.

2024 Corporate Responsibility Report, Adobe pg. 4 ("Company Profile")

N/A

2-3

Reporting period, frequency, and contact point

The financial and sustainability reporting periods are in the calendar year

2024, from January 1, 2024, through December 31, 2024, with

publication date of June 17, 2025. Reports are published annually.

Evin Epstein, Senior Vice President of Energy & Sustainability [email protected]

2024 10-K

2024 Corporate Responsibility Report

N/A

2-4

Restatements of information

There were no material restatements or significant changes in methodology

during the reporting period.

N/A

2-5

External assurance

Paramount annually engages Sustainable Investment Group (SIG) for third-party assurance of its environmental performance data. Senior management oversees the process, with findings reviewed as part of sustainability governance.

SIG verified energy, water, waste, and Scope 1 and 2 GHG emissions data for calendar year 2024 and for Paramount's REIT portfolio under ISO 14064-3:2019, applying a limited level of assurance and confirming no material misstatements.

SIG conducts its assurance services independently of its consulting and engineering work with Paramount, ensuring an unbiased and objective review of sustainability disclosures.

2024 Letter of Assurance

N/A

2-6 (CRE)

Activities, value chain and other business relationships

Headquartered in New York City, Paramount is a fully integrated real estate investment trust that owns, operates, manages, acquires, and redevelops high-quality, Class A office properties located in select central business district submarkets of New York City and San Francisco. Paramount is focused on maximizing the value of its portfolio by leveraging the sought-after locations of its assets and its proven property management capabilities to attract and retain high-quality tenants.

Paramount Group had a total of 316 employees in 2024. The company owned 14 Class A properties as of December 31, 2024, four of which are either designated as "non-core", currently out of service for redevelopment, or have below a 10% ownership stake, and are therefore not included in the GRI reporting boundary.

Portfolio Composition as of December 31, 2024:

Total square feet of portfolio reported: 10.3 million sq. ft.

Paramount relies on an extensive network of suppliers for the procurement of materials and services. Our suppliers support our business needs, from the operation of existing buildings to the construction of new development. We partner with suppliers that embrace our social values and adhere to our Human Rights Policy and Vendor Code of Conduct. Paramount conducts its business in accordance with a stringent Human Rights Policy which we also require our suppliers to uphold within their own business. Paramount's Human Rights Policy addresses key risks such as workplace health, safety, and security, work hours, forced labor, human trafficking, and child labor.

Paramount's Vendor Code of Conduct establishes fundamental ethical and business principles that we expect all our suppliers to abide by. We trust our suppliers to comply with the provisions of the Code when they conduct their business internally and within their supply chain. Our Vendor Code of Conduct is publicly accessible and available on Paramount's website.

Our team implements an effective risk management process to identify potential risks across the supply chains that support both our own operations and the operations of our suppliers. This process applies to Paramount's Critical Tier 1 Suppliers. Critical Tier 1 Suppliers are

2024 10-K,

Adobe, pg. 8

("Business"), pg. 10 ("Human Capital"), pgs. 35-36 ("Portfolio Summary," and "Tenant Diversification")

2024 Corporate Responsibility Report, Adobe pg. 4 ("Company Profile") and Adobe pg. 28 ("Supply Chain Risk Management")

Vendor Code of Conduct

Human Rights Policy

Environmental Policy

defined as those that provide services to our organization valued at

$400,000 or above, plus those that provide essential services that, if interrupted, would immediately impact our operations.

Paramount's Vendor Code of Conduct and monitoring survey covered 99 Critical Tier 1 Suppliers, including 50 suppliers that were assessed for the first time. Of the Critical Suppliers that were evaluated for the first time in the 2024 reporting cycle, we received an 88% response rate, which corresponds to approximately 94% of annual spend with all new Critical Suppliers. Notably, these new suppliers represent about 25% of our total Critical Tier 1 Supplier spend for the year. Critical Tier 1 Suppliers are assessed on an annual basis. For suppliers that do not adhere to the Code or meet our environmental or social requirements, corrective action plans may be issued and contracted future work may be reassessed.

To mitigate negative impacts in the value chain, Paramount maintains a formal Environmental Policy that outlines performance expectations and compliance obligations for both internal operations and external partners.

In addition to suppliers, tenants are a key business relationship. As a hub for nearly 300 tenant companies and thousands of employees, Paramount's portfolio provides spaces for businesses to thrive. Our team shares environmental performance data to support the reporting initiatives of our tenants. We also collaborate with tenants to determine their proportionate impact on overall building performance and offer ongoing education and partnership opportunities to enhance the efficiency of their spaces.

There were no significant changes to Paramount's activities, supply chain structure, or business relationships during the 2024 reporting period.

2-7; 2-8 (CRE)

Information on employees and other workers; Workers who are not employees

Paramount has 96 female and 220 male employees, and a total of 316 permanent employees. No workers hired by Paramount are legally recognized as self-employed. In 2024, Paramount's HR Department conducted a workforce survey in alignment with ULI benchmarks and performed a diversity analysis, assessing employee demographics, representation across job categories, and workforce composition.

Paramount's operations are supported by contractors, vendors, and service providers such as janitorial, security, construction, and engineering personnel. These individuals are not employees of Paramount, and as of the 2024 reporting period, data on the number and

demographic characteristics of non-employee workers is not tracked centrally.

2024 10-K,

Adobe pg. 10 ("Human Capital")

Female

Male

Total

Number of Employees

220

316

Number of Permanent Employees

220

316

Number of Temporary Employees

Number of Non-guaranteed Hours Employees

Number of Full-time Employees

216

310

Number of Part-time Employees

As of 12/31/2024

New York City

Female

Male

Total

206

293

San Francisco

Female

Male

Total

Washington, D.C.

Female

Male

Total

As of 12/31/2024

Disclaimer

Paramount Group Inc. published this content on June 25, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on June 25, 2025 at 21:15 UTC.