ELS: Equity LifeStyle Properties : ELS' 2023-24 Sustainability Report

2023-24 Sustainability Report Uniting People, Places & Purpose Table of Contents This report covers Equity LifeStyle Properties, Inc. and its subsidiaries (referred to herein as the "Company," "we," "us," "our" and "ELS") performance metrics for the year ended December 31, 2023, unless otherwise noted. This Sustainability Report references the Global Reporting Initiative (GRI), Sustainability Accounting Standards Board (SASB) and Task Force on Climate- related Financial Disclosures (TCFD) frameworks. The disclosure topics are outlined in the GRI , SASB and TCFD indices. Certain information set forth in this report contains forward-looking statements. See Forward-Looking Statements for more information. For additional information, please visit the Sustainability section of our website. Refer to the 2020 Sustainability Report for information on our materiality assessment and stakeholder engagement. Cover Photo: Lake Conroe Willis, TX A Message From Our CEO 3 Our People: Team Members 35 About ELS 4 Team Member Recruitment 36 ELS At-A-Glance 5 Team Member Engagement 37 Key Highlights 8 Team Member Development 39 Our Places: Environment 9 Health & Safety 40 Sustainable Operations 11 Team Member Wellness & Benefits 41 A Closer Look at Our Places 12 Diversity, Equity & Inclusion 43 Energy Management 15 Our Purpose: Governance 44 Waste Management 17 Leadership and Board 45 Water Management 18 Board Diversity 45 Sustainable Communities 20 Sustainability Taskforce and Governance 46 Natural Capital 21 Policies and Procedures 47 Sustainable Collaborations 23 Reporting a Concern 48 Sustainable Diligence 24 Cybersecurity 48 Our People: Residents & Guests 26 Our Nature: Appendix 49 Customer Engagement 27 GRI Index 50 Customer Experience 28 SASB Index 58 Our People: Giving Back 30 TCFD Index 60 Employee Engagement 31 Environmental Management System 66 Community Giving 32 Environmental Metrics Methodology 67 Strategic Sponsorship 33 Environmental Metrics 69 Nonprofit Impact 34 Assurance Statement 71 Forward-Looking Statements 73 2 Snowflower RV Campground Emigrant Gap, CA A Message From Our CEO We are honored to share our 2023-24 Sustainability Report, which demonstrates ELS' longstanding commitment to Our Nature by focusing on Our People, Places and Purpose. Sustainability has always been rooted in our daily operations and business decisions. These decisions create a tangible impact on our communities and the places in which our residents and guests live and recreate. As a pillar of our environmental sustainability strategy, we are dedicated to reducing our operational impact. We are mindful of the significant scope of our portfolio locally and nationally and understand that sustainable business practices create long-term stakeholder value. In 2023, ELS invested about $24 million in sustainability initiatives, and we've invested over $52 million since 2019. Our on-site solar systems produced over 2 million kilowatt- hours of renewable energy last year. We know that our customers play an integral role in advancing our sustainability initiatives, which is why we empower customers to make sustainable decisions in their daily lives. By expanding recycling services throughout our portfolio, we increased our waste diversion percentage to 20.4%. We are proud to offer housing options and vacation opportunities with access to some of the country's most beautiful landscapes. Our approximately 10,200 acres of forests sequester about 8,600 metric tons of carbon dioxide from the atmosphere annually, while our approximately 5,600 acres of wetlands provide critical habitat for wildlife. Also in 2023, we achieved our three-year long commitment to plant 100,000 trees in collaboration with American Forests TM , positively impacting 187 acres of forest. Our team members make our operations possible. We care deeply about their wellbeing and the communities they call home. Our team members contributed over 8,500 community impact hours in 2023, spending paid time volunteering with a charitable organization of their choice. Often times, we hear how thankful these organizations are for the meaningful time and effort our team members donated, as it truly made a difference for their organization. As we look to the future, we remain focused on reducing emissions from our operations and building upon our achievements. Our long-term approach to climate resiliency contributes to a cleaner environment for our communities, residents and guests for years to come. We invite you to explore our strategy and dedication to Our Nature. President and CEO 3 About ELS | Our Places: Environment | Our People: Residents & Guests | Our People: Giving Back | Our People: Team Members | Our Purpose: Governance | Appendix About ELS is a leading owner and operator of manufactured home (MH) communities, recreational vehicle (RV) resorts, campgrounds and marinas in North America. We offer beautiful properties in desirable locations, while offering various amenities and services to meet a wide variety of our customers' needs. Mt. Hood Village Campground Welches, OR 4 About ELS ELS' Unique Business Model: We are one of the nation's largest real estate networks with a portfolio of 451 properties (including joint venture properties) consisting of 172,465 sites located throughout 35 states in the U.S. and British Columbia in Canada as of December 31, 2023. We own the land and operate the community infrastructure and amenities, which can include but are not limited to internal road systems, clubhouses, swimming pools, shuffleboard courts, tennis courts, golf courses, restaurants and laundry facilities. Some properties provide utilities, including water and sewer service, through municipal or regulated utilities, while others provide these services to customers from on-site facilities. We lease individual developed areas (sites) to customers who own manufactured homes, RVs or boats, either on a long-term or short- term basis. Our customers control most of the energy and water usage for their manufactured home, RV or boat which they own. At-A-Glance ELS owns and operates 451 properties in North America with a focus on high-quality coastal and sunbelt retirement and vacation destinations and urban areas. California Properties Arizona 11% of Total Florida 10% of Total Properties 34% of Total Properties As of December 31, 2023. 5 About ELS Manufactured Home (MH) Communities 203 75,000 MH Communities MH Sites The MH portfolio focuses on age-qualified communities in retirement destinations where our residents can be part of an active lifestyle. Golf Vista Estates Monee, IL As of December 31, 2023. Totals may not foot due to rounding. RV Resorts and Campgrounds 225 90,600 RV Resorts and Campgrounds RV Sites The RV portfolio features resorts and campgrounds spread along the coast and in vacation destinations packed with everything needed for a great getaway: amenities, fun-filled activity calendars and a commitment to quality service. Tuxbury Pond Campground South Hampton, NH Marinas 23 6,900 Marinas Slips The high-quality marina portfolio is located primarily along the southeast coast, ideal for year-round boating which generates stable annual slip revenue. Palm Beach Gardens Marina 6 Palm Beach Gardens, FL We understand our role in contributing to a sustainable future. Therefore, we are aligning our actions with the United Nations Sustainable Development Goals (UN SDGs), focusing on the three that are most relevant to our operations. Our Sustainability Strategy is in Our Nature: Uniting People, Places & Purpose We believe that sustainable practices are beneficial for the environment, society, as well as the bottom line. These practices are vital to our overall success and building long-term shareholder value. Mindful of the Goal Goal Description UN SDG 7 aims to ensure access to affordable, reliable, sustainable and modern energy by increasing the share of renewable energy, improving energy efficiency, expanding access to modern energy services in developing countries and promoting research in clean energy technologies. ELS Position ELS is committed to reducing energy consumption and investing in energy efficiency and renewable energy. ELS is taking steps to reduce its carbon footprint and its impact on the environment. impact we have locally and nationally, we are committed to incorporating sustainability considerations into our business. At ELS, sustainability is at the core of Our Nature by Uniting People, Places & Purpose. As part of this effort, we are adopting industry best practices and established frameworks that will help to inform how we track, improve and communicate our sustainability performance, which is outlined in the GRI , SASB and TCFD indices. The ELS Sustainability Taskforce supports Goal Goal Description UN SDG 11 aims to make cities and human settlements inclusive, safe, resilient and sustainable by promoting integrated urban planning, improving access to affordable and sustainable basic services, protecting cultural and natural heritage and reducing the environmental impact of cities and human settlements. ELS Position ELS focuses on operating sustainable communities for guests and residents to enjoy. ELS believes in supporting the communities we operate as well as the greater communities in which we live, work and play. the Company's ongoing commitment to sustainability and other public policy matters relevant to the Company. Goal Goal Description UN SDG 15 aims to protect, restore and promote sustainable use of terrestrial ecosystems, sustainably manage forests, combat desertification and halt and reverse land degradation and halt biodiversity loss. ELS Position ELS is committed to maintaining biodiversity across its portfolio and creating assets that are connected to their natural and local environments. ELS extends its commitments by collaborating with nonprofit organizations to enhance our positive impact beyond our properties. 7 Key Highlights We are pleased to