Climate Change Data

ARA Asset Management Limited

Climate Impact & Sustainability Data (2020)

Reporting Period: 2020

Environmental Metrics

Total Carbon Emissions:265.1 kilotonnes CO2-e
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:547.0 GWh
Water Consumption:2,009,982 m3
Waste Generated:Not disclosed
Carbon Intensity:7.5 kgCO2-e/sqft

ESG Focus Areas

  • Environmental Sustainability
  • People & Community
  • Governance & Ethics

Environmental Achievements

  • 24% decrease in energy consumption and 29% decrease in energy consumption intensity
  • 24% decrease in water consumption and 29% decrease in water consumption intensity
  • 29% decrease in GHG emissions and 34% decrease in GHG emissions intensity
  • 2,785 tonnes of waste recycled
  • 18 GWh renewable energy generated across our portfolio

Social Achievements

  • 46% female representation
  • 4.5/5.0 workplace satisfaction score
  • 31 hours of training per employee
  • S$4 million endowed contribution to establish the ARA Scholarship
  • S$5 million SME Help Fund (later increased to S$8 million) to support local SMEs

Governance Achievements

  • Board diversity with three female and six male directors
  • 0 material cases of corruption, fraud, lawsuits, data breaches, and non-compliance with laws and regulations
  • Over 40 chapters of ARA Sustainability Policy on Environmental, Social, Governance
  • UN-Supported PRI alignment underway

Climate Goals & Targets

Long-term Goals:
  • Net zero carbon in our business by 2050
Medium-term Goals:
  • Net zero carbon in our business by 2050
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • COVID-19 pandemic significantly changed ways of living and working, leading to lower building usage and non-representative environmental data for FY2020
  • Lack of standardization in ESG benchmarks and methodology across geography and asset types
  • Inconsistent standards across ESG-scoring firms, increasing risk of greenwashing
Mitigation Strategies
  • Strict safe management measures implemented to mitigate COVID-19 transmission
  • Transitioned to work-from-home arrangements and provided necessary equipment and training
  • Implemented alternative communication and collaboration channels
  • Continued to invest in employee well-being initiatives
  • Adopted a holistic approach to integrate sustainability throughout the real assets’ lifecycle

Supply Chain Management

Supplier Audits: Pre-qualification assessment and tender process

Responsible Procurement
  • Suppliers expected to adopt zero tolerance towards corruption

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: GRI Standards – Core level, GRI’s Construction and Real Estate Sector Supplement

Certifications: LEED Platinum, Gold and Silver, BCA Green Mark Platinum and Gold, NABERS energy and water ratings, Energy Star ratings, 5 Star GRESB ratings

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Material factors mapped to UN Sustainable Development Goals

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Best Sustainable REIT Fund Manager (Asia Pacific 2020)
  • Real Estate Investor of the Year (Asia)
  • Best Health & Wellbeing Program Winner
  • Excellence in Workplace Wellbeing Winner (Gold)
  • Corporate Renewable Energy Company of the Year
  • Gold in Workplace Wellbeing
  • Bronze in Retention
  • HRD Awards Asia – Best Health & Wellbeing Programme
  • Excellence Award in Employee of Choice