Retail Opportunity Investments : 2021 ROIC ESG Report

ENVIRONMENTAL, SOCIAL AND GOVERNANCE

REPORT

2021

2 2021 ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT

TABLE OF CONTENTS

MESSAGE FROM OUR CEO	3
ROIC OVERVIEW	4
Key Figures	5
Properties	6
Awards and Recognition	7
GOVERNANCE	8
Board Oversight of ESG	9
Board Composition	10
Stakeholder Engagement	12
ESG Plans and Policies	13
Cybersecurity	15
ENVIRONMENTAL	16
Environmental Management	17
System
Sustainability Policies	19
and Priorities
Environmental Performance	28
and Targets
Approach to Climate Change	31

SOCIAL	36
Employees	37
Tenants and Communities	40
COVID-19 Response	41
ABOUT THIS REPORT
AND INDICES	42
Sustainability Accounting
Standards Board (SASB)	44
Task Force on Climate-related
Financial Disclosures (TCFD)	49
Sustainable Development Goals	55
Verification Letter	56

MESSAGE FROM OUR CEO	3

MESSAGE FROM OUR CEO

After a year of great progress, it is with excitement that we introduce our second annual Environmental, Social and Governance (ESG) Report. In 2021 the entire ROIC team, including our tenants and communities, embraced our continued focus of ESG initiatives. That prioritization is truly embodied in the accomplishments achieved in the past year, which are highlighted throughout this report, along with a comprehensive update of our key environmental and social metrics.

When we look back on our efforts during 2021, we have a lot to be proud of. We expanded initiatives across key areas of our business and executed on these initiatives. Notably, this past year we were selected as a 2021 Green Lease Leader by the U.S. Department of Energy's Better Buildings Alliance and the Institute for Market Transformation. Not only was ROIC selected, but we were awarded the highest "Gold" level designation in recognition of our efforts to incorporate critical energy efficiency, cost savings, air quality and sustainability criteria into lease agreements. This award recognizes our continued focus on tenant engagement and integrating sustainability into all aspects of our portfolio operations.

Additionally, in 2021 we responded to the Global Real Estate Sustainability Benchmark (GRESB) for the first time. As the pre-eminent, global ESG benchmark and reporting framework for the Real Estate sector, responding to GRESB reaffirms our commitment to performance, action and disclosure, and represents a continued dialogue with investors and broader stakeholders.

To ensure that our ESG goals are met with the full focus and accountability of our entire organization, we have continued our executive compensation program to incorporate ESG milestones in performance-based equity awards. These metrics serve as guideposts to ensure management is focused and driven on the attainment of real ESG milestone achievements. We have also worked to ensure the accountability of all employees, by providing annual diversity, equity and inclusion training and harassment training for all ROIC personnel. As an equal opportunity employer, we strive to maintain a welcoming and inclusive workplace that embodies the core values of our organization.

The following pages highlight our progress and focus throughout this past year, as well as outline our ESG priorities going forward. We are proud of our achievements in 2021 and look forward to continuing our efforts as we forge ahead in being a leading steward of ESG.

STUART TANZ

Chief Executive Officer

Retail Opportunity Investments Corp.

ROIC

OVERVIEW

ROIC OVERVIEW	5

ROIC OVERVIEW

Retail Opportunity Investments Corp. (ROIC) is a fully integrated, self- managed REIT. We specialize in the acquisition, ownership and management of necessity-based community and neighborhood shopping centers on the West Coast of the United States, anchored by national or regional supermarkets and drugstores. Our strategy targets properties located in densely populated, middle and upper income markets. As of December 31, 2020, ROIC's portfolio consisted of 89 properties totaling 10.1 million square feet of gross leasable area (GLA).

KEY FIGURES

AS OF DECEMBER 31, 2020

89 PROPERTIES

(88 retail properties, 1 office)

96.8% LEASED

Retail portfolio

66

Employees

1,904

Tenants

10.1

Million square feet of GLA

$3.2B

Gross asset value

26 YEARS

Of dedicated management focus of the West Coast, grocery anchored sector

AS OF SEPTEMBER 30, 2021

87 PROPERTIES

(86 retail properties, 1 office)

97.4% LEASED

Retail portfolio

67

Employees

1,903

Tenants

9.8

Million square feet of GLA

$3.2B

Gross asset value

27 YEARS

Of dedicated management focus of the West Coast, grocery anchored sector