Climate Change Data

Starhill Global Real Estate Investment Trust (SGREIT)

Climate Impact & Sustainability Data (2018-07 to 2019-06, 2019-07 to 2020-06, 2020-07 to 2021-06, 2021-07 to 2022-06, 2022-07 to 2023-06, 2023-07 to 2024-06)

Reporting Period: 2018-07 to 2019-06

Environmental Metrics

Total Energy Consumption:12057 MWh/year (FY 2018/19)
Water Consumption:0.5 million m3/year (FY 2018/19)
Waste Generated:1987 tons/year (FY 2018/19)

ESG Focus Areas

  • Environmental Conservation
  • Empowering Our People
  • Enriching Communities
  • Corporate Governance
  • Risk Management
  • Customer Health and Safety
  • Customer Privacy
  • Tenant Satisfaction
  • Unitholder Communications
  • Supply Chain

Environmental Achievements

  • Reduced total energy consumption by about 6.6% from FY 2016/17.
  • Switched to LED lighting in common areas of multiple properties.
  • Installed water-saving features such as waterless urinals and WELS-approved fittings.
  • Recycled 167 tonnes of waste (8.4% of total waste).
  • Recycled 1.12 tonnes of used cooking oil from Malaysian properties.

Social Achievements

  • Zero reported major incidents of non-compliance with regulations relating to customer health and safety.
  • Zero injury, fatality, and occupational disease rate.
  • High tenant satisfaction levels (97.7% for office tenants, 94% for retail tenants).
  • Organized various community events and initiatives (e.g., WWF Festival of Asia, Bone Marrow Donor Programme, Lottie’s Science Adventure).

Governance Achievements

  • No reported cases of material non-compliance with any laws and regulations (including anti-corruption laws).
  • Implemented an Enterprise Risk Management (ERM) framework.
  • Enforced an anti-corruption policy and whistle-blowing policy.

Climate Goals & Targets

Long-term Goals:
  • Maintain current overall water consumption in our portfolio.
Medium-term Goals:
  • Achieve a 15% reduction in energy consumption for Wisma Atria over 10 years from FY 2016/17.
Short-term Goals:
  • Maintain or increase the amount of total recycled waste.

Environmental Challenges

  • Increased energy consumption in FY 2018/19 due to new tenants and increased occupancy.
  • Increased water consumption due to more food & beverage tenants and additional façade cleaning.
Mitigation Strategies
  • Ongoing replacement of ageing equipment with higher efficiency models (e.g., motors, pumps, chillers).
  • Upgrading of Building Management System (BMS) to optimize energy usage.
  • Reviewing water usage and identifying areas for improvement.

Supply Chain Management

Responsible Procurement
  • Compliance with local government and legal requirements for contractors and service providers.
  • Evaluation of potential tenants and suppliers based on reputation, track records, and expertise.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards – Core option

Awards & Recognition

  • NABERS Energy Base Building – 4.5-star rating (Myer Centre Adelaide)
  • BCA Green Mark Platinum Award 2019 (Ngee Ann City)

Reporting Period: 2019-07 to 2020-06

Environmental Metrics

Total Energy Consumption:5134 MWh
Water Consumption:13344 m3
Waste Generated:1583 tons

ESG Focus Areas

  • Environmental Conservation
  • Empowering Our People
  • Enriching Communities
  • Corporate Governance
  • Risk Management
  • Customer Health and Safety
  • Customer Privacy
  • Tenant Satisfaction
  • Unitholder Communications
  • Supply Chain

Environmental Achievements

  • Total electricity consumption on a portfolio basis fell 20.7% in FY 2019/20 compared to a year ago, mainly due to The Starhill being partially closed for asset enhancement works from October 2019 onwards as well as movement restrictions imposed in Singapore and Malaysia to curb the spread of COVID-19 infections.
  • Total water consumption in our Singapore, Australia and Malaysia Properties was 29.9% lower than the previous financial year, mainly attributed to the partial opening of malls in Singapore due to the Circuit Breaker and the partial closure of The Starhill during its asset enhancement.
  • 125 tonnes of waste were recycled, representing 7.9% of our total waste.

Social Achievements

  • Implemented preventive measures in light of the COVID-19 pandemic, including installation of photocatalytic and UVC light in air handling units, temperature screening, and increased cleaning and disinfection frequency.
  • Total rental rebates for eligible tenants in SGREIT's portfolio amounting to approximately S$32.2 million has been recorded in FY 2019/20 to help tenants through the business disruption due to the COVID-19 pandemic.
  • Organised various community events and initiatives such as decorations made from recycled material for year-end festivities, public awareness campaigns about sustainable living, and sustainability-focused events in Malaysia.

Governance Achievements

  • There were no reported cases of material non-compliance with any laws and regulations (including anti-corruption laws) in FY 2019/20.
  • An Enterprise Risk Management (ERM) framework and Board approved policies are in place to provide a structured approach to identifying and managing material risks.
  • An Operational Risk Self-Assessment (ORSA) is established to ensure risks are assessed and reviewed at least on an annual basis.

Climate Goals & Targets

Long-term Goals:
  • 15% reduction in energy consumption for Wisma Atria over 10 years (starting FY 2016/17).
Medium-term Goals:
  • Maintain 75 hours of training hours per employee over the next three-year block.
Short-term Goals:
  • Maintain or increase the amount of total recycled waste.

Environmental Challenges

  • Business disruption due to the COVID-19 pandemic.
  • Partial closures of malls due to movement control orders and circuit breakers.
Mitigation Strategies
  • Provided rental rebates and property tax rebates to eligible tenants.
  • Implemented preventive measures to ensure customer and employee safety during the pandemic.
  • Implemented a telecommuting scheme for employees.

Supply Chain Management

Responsible Procurement
  • Compliance with local government and legal requirements for contractors and service providers.
  • Evaluation of potential tenants and suppliers based on reputation, track records, and expertise.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards: Core option

Certifications: Project Eco-Office (Singapore offices), NABERS Energy Base Building – 5.0-star rating (Myer Centre Adelaide)

Reporting Period: 2020-07 to 2021-06

Environmental Metrics

Total Carbon Emissions:5979 tonnes CO2e
Scope 1 Emissions:6 tonnes CO2e
Scope 2 Emissions:5563 tonnes CO2e
Renewable Energy Share:0%
Total Energy Consumption:9575 MWh
Water Consumption:89 ML
Waste Generated:1486 tons

ESG Focus Areas

  • Energy Consumption
  • Water Conservation
  • GHG Emissions and Climate Change
  • Occupational Health and Safety
  • Training
  • Customer Health and Safety
  • Customer Privacy
  • Anti-corruption
  • Regulatory Compliance

Environmental Achievements

  • 11.4% reduction in electricity consumption at Wisma Atria compared to the base year FY 2016/17
  • 16.9% reduction in water consumption y-o-y at Wisma Atria
  • 4.7% reduction in electricity consumption y-o-y in Australia
  • 14.7% reduction in water consumption y-o-y in Australia
  • Overhaul of three less-efficient chiller systems at Wisma Atria to reduce energy consumption
  • Replacement of fluorescent lighting with energy-efficient LED lighting in Plaza Arcade, Perth

Social Achievements

  • Zero accidents involving severe injuries within properties
  • Average 27.2 hours of training per employee (full-time)
  • High tenant satisfaction level (97.1% satisfied in office, 94.8% in retail)
  • Provided approximately S$9.6 million of rental assistance for eligible tenants

Governance Achievements

  • Zero confirmed cases of corruption
  • Zero incidents of significant non-compliance with socio-economic regulations
  • Zero breaches of data protection and privacy laws
  • Zero incidents of non-compliance with environmental regulations

Climate Goals & Targets

Long-term Goals:
  • 15% reduction in energy use for Wisma Atria over 10 years compared to FY 2016/17
  • Achieve a NABERS rating for Myer Centre Adelaide (Retail) in six to eight years
Medium-term Goals:
  • Achieve Green Building status for Wisma Atria in 6-8 years
  • 100% replacement of conventional lighting with LED lights at Myer Centre Adelaide by 2025
  • Establish a roadmap for obtaining NABERS Retail Shopping Centre rating for Myer Centre Adelaide in 6-8 years
  • Incorporate green practices in tenant fit-out guidelines for Singapore and Australia properties
Short-term Goals:
  • Renewal of Green Mark for Ngee Ann City in FY 2021/22
  • Gap analysis for Wisma Atria in FY 2021/22, aiming for Green Building status in 6-8 years
  • Replace 30% of lights at Myer Centre Adelaide with LED lights by FY 2021/22
  • Replace 80% of fittings with 3-tick water-efficient fittings at Wisma Atria in FY 2021/22

Environmental Challenges

  • Marginal increase of 2.2% in electricity consumption y-o-y at Wisma Atria due to extra measures to purge indoor air and lower base in FY 2019/20
  • Water stress projected to be ‘high’ or ‘extremely high’ in Singapore, Adelaide, and Malaysia by 2030
  • COVID-19 pandemic impacting operations and community engagement
Mitigation Strategies
  • Implementing building energy efficiency measures, promoting clean energy adoption
  • Implementing building water efficiency measures
  • Developing water conservation strategies
  • Enhanced health and hygiene measures to prevent COVID-19 outbreaks, work-from-home arrangements

Supply Chain Management

Responsible Procurement
  • Compliance with local government and legal requirements
  • Evaluation of potential tenants and suppliers based on reputation and track record

Climate-Related Risks & Opportunities

Physical Risks
  • Floods
  • Extreme heat waves
  • Water stress
  • Rising sea levels
Transition Risks
  • Policy and legal risks (carbon pricing, carbon tax)
  • Technology risks
  • Market risks
  • Reputation risks

Reporting Standards

Frameworks Used: GRI Standards: Core option, SGX-ST Listing Rules (711A and 711B), SASB Real Estate Sector Standards, TCFD Recommendations, UN SDGs

Certifications: BCA Green Mark Platinum (Ngee Ann City), NABERS Energy Base Building – 5.0-star rating (Myer Centre Adelaide Terrace Towers), Eco Office programme (Singapore Environment Council)

Third-party Assurance: Internal sources

Reporting Period: 2021-07 to 2022-06

Environmental Metrics

Total Carbon Emissions:3152 tonnes CO2e
Scope 1 Emissions:0 tonnes CO2e
Scope 2 Emissions:3152 tonnes CO2e
Renewable Energy Share:0%
Total Energy Consumption:8241 MWh
Water Consumption:62 ML
Waste Generated:1441 metric tons

ESG Focus Areas

  • Energy Consumption
  • Water Conservation
  • GHG Emissions and Climate Change
  • Occupational Health and Safety
  • Training
  • Customer Health and Safety
  • Customer Privacy
  • Anti-corruption
  • Regulatory Compliance

Environmental Achievements

  • Achieved a 7.4% reduction in energy consumption at Wisma Atria Property from FY 2016/17 levels.
  • Renewed Green Mark for Ngee Ann City.
  • Obtained CASBEE Rating (Rank S) for Ebisu Fort in Japan.
  • Overall decrease in water consumption by 10.5% for properties under operational control.
  • 14.4% reduction in water consumption y-o-y at Wisma Atria Property.
  • 9.1% of total waste recycled (compared to 7.8% the previous year).

Social Achievements

  • Zero accidents involving severe injuries within properties.
  • No incidents of occupational diseases.
  • Zero work-related fatalities.
  • Average training hours per employee increased to 34.7 hours (from 27.2 hours in FY 2020/21).
  • High tenant satisfaction scores.

Governance Achievements

  • Zero confirmed cases of corruption.
  • Zero incidents of significant non-compliance with socio-economic regulations.
  • Zero incidents of personal data breaches.

Climate Goals & Targets

Long-term Goals:
  • Build a low-emission, climate-resilient portfolio.
Medium-term Goals:
  • Achieve Green Building Certifications for at least 50% of portfolio by Net Lettable Area (NLA) by 2030.
  • Replace 100% of conventional lighting with LED lights at Myer Centre Adelaide.
Short-term Goals:
  • Achieve a 15% reduction in energy use for Wisma Atria Property over 10 years (compared to FY 2016/17).
  • Replace 100% of internal fittings with 3-tick water-efficient fittings at Wisma Atria by FY 2022/23.
  • Replace a further 30% of lights with energy-efficient LED lights at Myer Centre Adelaide by FY 2022/23.
  • Establish a food waste management system in Wisma Atria by 2024.

Environmental Challenges

  • Limited control over tenant energy use except for common areas.
  • Increasing scarcity of water resources (especially in Singapore, Adelaide, and Japan).
  • Managing waste generated primarily by tenants.
  • Climate-related physical risks (extreme weather events, rising sea levels, water stress).
  • Climate-related transition risks (policy changes, carbon tax, technology shifts, market changes).
Mitigation Strategies
  • Implementing building energy efficiency measures and promoting clean energy adoption.
  • Implementing building water efficiency measures and exploring alternative water sources.
  • Engaging with tenants to encourage waste reduction and recycling.
  • Implementing flood control measures, improving water efficiency, exploring energy-efficient cooling systems.
  • Developing climate strategy with short, mid, and long-term goals, including achieving green building certifications and building a low-emission portfolio.

Supply Chain Management

Responsible Procurement
  • Compliance with local government and legal requirements for major suppliers.

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events
  • Rising sea levels
  • Water stress
Transition Risks
  • Policy and legal changes
  • Carbon tax
  • Technology shifts
  • Market changes
Opportunities
  • Increased demand for low-energy buildings
  • Green finance availability
  • Rental premium for green buildings

Reporting Standards

Frameworks Used: GRI Standards: Core option, Singapore Exchange Securities Trading Limited’s SGX-ST Listing Rules (711A and 711B), SASB Real Estate Sector Standards, TCFD Recommendations, UN Sustainable Development Goals (SDGs)

Certifications: Green Mark (Ngee Ann City), CASBEE (Ebisu Fort), BizSAFE Level 3

UN Sustainable Development Goals

  • Goal 7 (Affordable and Clean Energy)
  • Goal 6 (Clean Water and Sanitation)
  • Goal 13 (Climate Action)
  • Goal 8 (Decent Work and Economic Growth)
  • Goal 11 (Sustainable Cities and Communities)

Minimising environmental impact, promoting responsible business practices, and upholding high standards of governance and ethics.

Awards & Recognition

  • NABERS Energy Base Building – 4.5-star rating (Myer Centre Adelaide)
  • BCA Green Mark Platinum Award (Ngee Ann City)
  • CASBEE Certification: Rank S (Ebisu Fort)
  • BizSAFE Level 3 Certification

Reporting Period: 2022-07 to 2023-06

Environmental Metrics

Total Carbon Emissions:3699 tonnes CO2e
Scope 1 Emissions:613 tonnes CO2e
Scope 2 Emissions:3086 tonnes CO2e
Renewable Energy Share:0%
Total Energy Consumption:29107 GJ
Water Consumption:74 ML
Waste Generated:1545 metric tons
Carbon Intensity:59 kgCO2e/m2

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • 7.8% reduction in energy consumption at Wisma Atria Property from base year FY 2016/17 (target is 15% reduction by FY 2026/27)
  • 50% of the portfolio by NLA attained green certifications
  • Attained LEED Gold certification for Chengdu property, CASBEE (Rank S) for Ebisu Fort, and 5-star NABERS Energy rating for Myer Centre Adelaide (Office)

Social Achievements

  • 71% female employees, 70% female managers, 56% female senior management
  • Average 27.0 hours of training per employee
  • Consistently high tenant satisfaction (95% retail, 97% office)

Governance Achievements

  • No incidents of corruption
  • Implemented a comprehensive Enterprise Risk Management (ERM) framework and Environmental Risk Management Framework
  • All directors completed mandatory sustainability training

Climate Goals & Targets

Long-term Goals:
  • Develop a low-emission, climate-resilient portfolio
Medium-term Goals:
  • Reduce landlord's energy consumption by 10% by FY 2030/31 from base year FY 2021/22
  • Attain green certifications for at least 60% of portfolio by NLA by 2030
Short-term Goals:
  • Improve NABERS Energy rating for Myer Centre Adelaide (Retail) to at least 4 stars by FY 2025/26
  • Attain GBI certification for Lot 10 Property by FY 2025/26
  • Attain NABERS Water rating for Perth Properties by FY 2023/24

Environmental Challenges

  • Higher than expected employee turnover in FY 2022/23 due to post-COVID tightening of the labor market
  • Increased water consumption (18.8%) due to improved business activities after lifting of restrictions
  • Slip and fall accident resulting in injury at Wisma Atria
Mitigation Strategies
  • Reviewed retention strategies and continue to monitor retention rates
  • Implementing water efficiency and conservation measures
  • Strengthened preventive measures following the accident at Wisma Atria

Supply Chain Management

Responsible Procurement
  • Compliance with local government and legal requirements
  • Consideration of reputation, reviews, references, and expertise when selecting suppliers

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events (floods, heatwaves, droughts)
  • Rising sea levels
  • Water stress
Transition Risks
  • Policy and legal changes (carbon tax, emissions regulations)
  • Technological changes
  • Market shifts (demand for green buildings)
  • Reputation risks
Opportunities
  • Increased demand for low-energy buildings
  • Green finance availability
  • Renewable energy
  • Improved resource efficiency

Reporting Standards

Frameworks Used: GRI Standards, SASB Real Estate Sector Standards, TCFD Recommendations, UN SDGs

Awards & Recognition

  • LEED Gold (Chengdu)
  • CASBEE (Rank S) (Ebisu Fort)
  • 5-star NABERS Energy (Myer Centre Adelaide Office)
  • 3.5-star NABERS Energy (Myer Centre Adelaide Retail)

Reporting Period: 2023-07 to 2024-06

Environmental Metrics

Total Carbon Emissions:3587 tonnes CO2e
Scope 1 Emissions:240 tonnes CO2e
Scope 2 Emissions:3346 tonnes CO2e
Scope 3 Emissions:Information unavailable
Renewable Energy Share:0%
Total Energy Consumption:39158 GJ
Water Consumption:99 ML
Waste Generated:1644 metric tonnes
Carbon Intensity:36 kgCO2e/m²

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Completed on-site solar panel installation at Myer Centre Adelaide (activated July 2024)
  • Attained green certifications or equivalent for 63% of portfolio by NLA (ahead of target)
  • Total GHG emissions decreased by 18.3% from 4,389 tonnes CO₂e to 3,587 tonnes CO₂e
  • Total water withdrawal decreased by 8.5% from 108 megalitres to 99 megalitres
  • Waste recycled increased from 173 metric tonnes to 250 metric tonnes

Social Achievements

  • Zero work-related injuries and ill health incidents for all employees and workers
  • Employee turnover rate improved to 14%
  • Average training hours per employee increased to 30.6 hours (exceeding target of 25 hours)
  • Consistently high levels of tenant satisfaction (96% retail, 97% office)

Governance Achievements

  • Zero confirmed cases of corruption
  • Zero significant instances of non-compliance with laws and regulations resulting in fines or sanctions
  • All directors completed mandated sustainability training courses

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Reduce landlord's energy consumption for assets with operational control by 10% by FY 2030/31 from base year FY 2021/22
  • Achieve green certifications for at least 70% of portfolio by NLA by 2030
Short-term Goals:
  • Implement on-site renewable energy system in at least one asset by FY 2024/25
  • Establish a food waste management system in Wisma Atria Property by second half of 2026
  • Improve NABERS Energy rating for Myer Centre Adelaide (Retail) to at least 4 stars by FY 2025/26
  • Attain GBI certification for Lot 10 Property by FY 2025/26
  • Attain NABERS Water rating for Myer Centre Adelaide by FY 2024/25
  • Attain BCA Green Mark GoldPLUS Award for Wisma Atria Property by FY 2025/26

Environmental Challenges

  • Increased frequency of extreme weather events
  • Flood risk
  • Long-term temperature increases
  • Sea-level rise
  • Water scarcity
  • Stricter environmental regulations
  • Carbon pricing mechanisms
  • Advancements in green technologies
  • Obsolescence of existing technologies
  • Shifts in investor preferences
  • Tenant demands for sustainability
  • Stakeholder expectations
  • Transparency and reporting
Mitigation Strategies
  • Implementation of an Environmental Risk Management Framework
  • Climate scenario analysis (RCP 2.6 and RCP 8.5)
  • Enhancement of green building certifications
  • Continuous improvement of energy and water efficiencies
  • Reduction of greenhouse gas emissions
  • Adaptive measures to address physical risks
  • Capacity building and enhanced climate scenario analysis
  • Integration of climate-related risks into existing governance and risk management processes
  • Industry-based metrics to monitor climate-related risks

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Compliance with local government and legal requirements
  • Consideration of reputation, reviews, references, and expertise when selecting suppliers

Climate-Related Risks & Opportunities

Physical Risks
  • Increased frequency of extreme weather events
  • Flooding
  • Long-term temperature increases
  • Sea-level rise
  • Water scarcity
Transition Risks
  • Stricter environmental regulations
  • Carbon pricing mechanisms
  • Advancements in green technologies
  • Obsolescence of existing technologies
  • Shifts in investor preferences
  • Tenant demands for sustainability
Opportunities
  • Development of energy-efficient products and services
  • Cost savings from renewable energy sources

Reporting Standards

Frameworks Used: GRI Standards, SASB Real Estate Sector Standards, TCFD Recommendations, UN SDGs

Certifications: BCA Green Mark, NABERS Energy, NABERS Water, GBI, LEED, CASBEE

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Alignment with UN SDGs mentioned but not explicitly detailed.

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed