Climate Change Data

Environmental Metrics

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Climate change and carbon reduction
• Energy efficiency
• Water management
• Waste management
• Biodiversity
• Occupational Health & Safety
• Human Capital
• Stakeholder engagement
• Supply Chain Management
• Diversity (board and employees)
• Human rights
• Product and services (incl. customer health and safety)
• Compliance
• Business ethics

Environmental Achievements

• Largest number of public Electric Vehicle (EV) charging points in Singapore by a Singapore REIT (S-REIT): 76 (FY2021: +36) across 16 properties
• Achieved 100% powered by renewable energy for common facilities electricity usage of 4 properties in Singapore (FY2021: + 3 properties)
• Secured an additional S$811.4 million in green USD and AUD bank loans and entered into an inaugural S$203.0 million green interest rate swap in FY2021. Green financing accounted for approximately 20% of Ascendas Reit’s total borrowings
• Largest number of BCA Green Mark certified properties amongst S-REITs – 40 (Since 18 March 2021: +6)
• Total portfolio comprises 49 green-certified properties (Since 18 March 2021: +10)
• Completed installation of solar panels at 37A Tampines Street 92, Singapore, projected to generate approximately 0.24 GWh per annum in addition to the existing 11.2 GWh
• Grab Headquarters and UBIX both achieved BCA Green Mark GoldPLUS certifications.

Social Achievements

• Over 480 volunteer hours clocked by the Manager’s employees for volunteering events, including CapitaLand’s #GivingAsOne and #LoveOurSeniors food packing and distribution events, and Temasek Foundation’s #StayMasked national mask distribution initiative.
• Ascendas Reit sponsored the event venue at Aperia Mall for mask collection and assembling of care packs.

Governance Achievements

• In October 2021, the Board established a Nominating and Remuneration Committee and also constituted a fully independent Audit and Risk committee.
• Received the Special Edition Corporate Excellence and Resilience Award (in the category of companies with market capitalisation of S$1 billion or more) at the Singapore Corporate Awards 2021.
• Ascendas Reit was also runner-up for the Singapore Corporate Governance Award at the Securities Investors Association (Singapore) (SIAS) Investors’ Choice Awards 2021 under the REITs and Business Trusts Category.
• GRESB rated Ascendas Reit an A and ranked us 1st amongst Singapore industrial REIT peers for Public Disclosure for two consecutive years.
• Ranked 3rd on Singapore Governance and Transparency Index 2021 (REITs and Business Trust Category).

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic impact on operations and business
• Supply chain disruptions
• Climate change risks (physical and transitional)
• Maintaining high occupancy rates

Mitigation Strategies

• Provided rental rebates to support Small & Medium Enterprise (SME) customers affected by COVID-19 measures
• Implemented extended carpark grace period at Aperia Mall
• Provided voluntary assistance to customers in Australia, UK/Europe and USA
• Leveraged Zycus (online Procure-to-Pay platform) for continued execution of projects during lockdowns
• Implemented CapitaLand’s 2030 Sustainability Master Plan
• Set ambitious ESG targets, including carbon emissions reduction targets validated by the Science Based Targets initiative (SBTi)
• Implemented green leases
• Invested in more green-certified assets and developments
• Encouraged tenants to adopt sustainable business practices
• Implemented climate change resilience and adaptation considerations into design, development and management of properties

Supply Chain Management

Supplier Audits: All new suppliers in Singapore screened using social and environmental criteria via Zycus.

Responsible Procurement

• CapitaLand’s Sustainable Supply Chain Code of Conduct
• Stringent selection criteria for contractors
• Requirement for suppliers to comply with local government and other legal requirements
• Submission of risk assessments for activities with OHS hazards

Climate-Related Risks & Opportunities

Physical Risks

• Rising sea levels
• Violent storms
• Long intense heat waves
• Flash floods
• Freshwater depletion

Transition Risks

• Stringent regulations
• Increased expectations from customers and stakeholders
• Carbon tax increases

Opportunities

• Development of energy-efficient products
• Investment in renewable energy

Reporting Standards

Frameworks Used: GRI Standards: Core option, GRI’s Construction & Real Estate Sector Supplement (CRESS), International Integrated Reporting (IR) Framework, UN Sustainable Development Goals (SDGs), TCFD (partially implemented)

Certifications: ISO 14001, ISO 45001, BCA Green Mark

Third-party Assurance: CapitaLand's report (including Ascendas Reit's data) is externally assured; Ascendas Reit's report is not independently assured.

UN Sustainable Development Goals

• Not disclosed

Ascendas Reit’s value-creating business model is mapped against eight UN SDGs.

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Special Edition Corporate Excellence and Resilience Award
• Runner-up for the Singapore Corporate Governance Award

Environmental Metrics

ESG Focus Areas

• Climate change and carbon emissions reduction
• Energy efficiency
• Water management
• Occupational health and safety
• Human capital
• Stakeholder engagement
• Products and services
• Supply chain management
• Diversity (Board and staff)
• Risk management
• Business ethics
• Waste management
• Biodiversity
• Human rights

Environmental Achievements

• Eight properties achieved green certification, with a total of 78 certified properties.
• 19.2 GWh of solar energy generated in Singapore.
• 62 additional EV charging points installed across CLAR’s global portfolio, raising the total number of installations to 338.
• Green lease coverage (by Net Leasable Area (NLA)) for Singapore portfolio improved from 47% (2022) to 68% (2023).
• Overseas portfolio achieved 39% (Australia), 5% (US), and 8% (the UK/Europe) green lease coverage by NLA.
• In FY2023, renewable energy accounted for about 14.1% of landlord’s energy consumption in Singapore.
• Total energy consumption increased by 0.3% but energy intensity decreased by 2.8% due to increased floor area.
• Renewable energy consumption increased from 16.0 GWh (FY2022) to 17.7 GWh (FY2023).

Social Achievements

• #GivingAsOne campaign involved over 1,300 staff, tenants and community volunteers, positively impacting over 7,300 beneficiaries.
• Implemented 10 Sustainability Corners across CLAR Singapore properties to raise awareness on climate change or sustainability issues among tenants and visitors.
• Employee Engagement Score for FY2023 reported at 84% at a CLI Group Level (increase from 83% in FY2022).
• Singapore: 67% of CLAR’s tenants are satisfied with their properties.
• US: Tenant satisfaction surveys ranged from 77-100% across various markets.
• AU: 73% of Logistics tenants and 71% of Business Space tenants rated CLAR properties as “Satisfied” or “Very Satisfied”.
• CLAR supported CHF with spaces at Aperia and Pacific Tech Centre for various activities.
• Employees contributed a total of 304 hours volunteering for various community activities.
• CLAR ranked fourth in Singapore in Equileap’s Gender Equality Report and Ranking 2024.

Governance Achievements

• More than 95% of CLAR’s Singapore vendors achieved bizSAFE Level 3 Certification or higher.
• Achieved a 4-star rating in the 2023 GRESB Real Estate Assessment (improved score from 74 to 83).
• Achieved ‘A’ for GRESB Public Disclosure 2023 for 4 consecutive years.
• Ranked 3rd out of 43 REITs and Business Trusts in the Singapore Governance and Transparency Index (SGTI) 2023.
• Won the Best Annual Report – Gold award under the REITs & Business Trusts category at the Singapore Corporate Awards 2023.
• Received the Best Equity Deal Singapore – Highly Commended award for CLAR’s S$500 million private placement at the Finance Asia 2023 Achievement Awards.
• As at the end of FY2023, 25% of the Board are female Directors.

Climate Goals & Targets

Environmental Challenges

• Acquiring properties that are non-green certified.
• Updating outdated green features in older properties.
• Disclosure of Scope 3 emissions due to properties not under operational control.

Mitigation Strategies

• Setting aside capital expenditure to transition non-green certified buildings to green status.
• Continuously monitoring building performance and potential for efficiency enhancements.
• Stepping up the green lease programme to gain tenants’ support in sustainability and data collection.
• Started Scope 3 reporting this year following efforts to collect data for reporting.

Supply Chain Management

Supplier Audits: 100% compliance with CLI Supply Chain Code of Conduct

Responsible Procurement

• CapitaLand Group’s Supply Chain Code of Conduct
• Sustainability standards (ISO 9001, ISO 14001, bizSAFE Level 3, NEA Clean Mark Silver)

Climate-Related Risks & Opportunities

Physical Risks

• Extreme cold
• Extreme heat
• Fluvial flooding
• Coastal flooding
• Tropical cyclones
• Wildfires

Transition Risks

• Carbon price shifts
• Regulator expectation changes
• Customer expectation changes
• Electricity price shifts

Opportunities

• Use of new technologies to manage emissions
• Increased demand for green products and services

Reporting Standards

Frameworks Used: GRI, TCFD, SASB

Certifications: ISO 14001, ISO 45001, ISO 27001, ISO 9001, Green Mark

Third-party Assurance: External party reviewed report against SGX-ST Listing Manual Rule 711A and 711B; CLI seeks external assurance on its consolidated report.

UN Sustainable Development Goals

• SDG 3
• SDG 7
• SDG 8
• SDG 9
• SDG 11
• SDG 12
• SDG 13
• SDG 17

CLAR aligns its material ESG issues and value creation initiatives with CLI 2030 SMP focus areas and commitments, strategically linked to eight UN SDGs.

Awards & Recognition

• Best Annual Report – Gold award
• Best Equity Deal Singapore – Highly Commended award