Climate Change Data

Environmental Metrics

ESG Focus Areas

• Corporate Governance
• Risk Management
• Operational Excellence
• Safety and Health
• Employee Development
• Community Outreach

Environmental Achievements

• T25 data center awarded BCA-IDA Green Mark Gold PLUS Award, SS564 Part-1:2013 Energy and Environment Management System, and ISO 9001:2008 Quality Management System.
• S25 data center awarded SS564 Part-1:2013 Energy and Environment Management System, SS577:2012 Water Efficiency Management System, and ISO 9001:2008 Quality Management System.

Social Achievements

• Organized fun-filled activities for children from Care Corner Student Care Centre and Fei Yue Student Care.
• Provided employees with opportunities for continuous learning and growth, including industry-relevant seminars and conferences.
• Offered regular health screenings to employees.
• Organized numerous corporate activities to foster closer ties among employees.

Governance Achievements

• Independent directors constitute the majority of the Board of the Manager, ensuring fair treatment of Unitholders.
• Conferred various corporate awards in recognition of high standards of corporate governance (specific awards listed in the report).

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: ISO 9001:2008, BCA-IDA Green Mark Gold PLUS Award, SS564 Part-1:2013, SS577:2012, ISO 27001:2013

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Most Transparent Company Award (New Issues) – Runner Up
• 3rd Strongest Adherence to Corporate Governance
• Most Improved Investor Relations
• Best Equity Deal in Singapore

Environmental Metrics

ESG Focus Areas

• Sustaining Growth
• Empowering Lives
• Nurturing Communities

Environmental Achievements

• Achieved zero Accident Frequency Rate and Accident Severity Rate.
• Keppel DC Singapore 3 awarded BCA-IDA Green Mark Platinum Award.
• Implementation of energy-saving initiatives in Gore Hill DC (free-air cooling fans).

Social Achievements

• Improved employee engagement score of 96%.
• Invested more than $14,000 on training (30 hours per employee).
• Employees granted up to two days of volunteerism leave annually.

Governance Achievements

• Adherence to Singapore’s Code of Corporate Governance.
• Established a sustainability committee.
• No non-compliance cases with the law found among suppliers.

Climate Goals & Targets

Environmental Challenges

• Data centers are energy-intensive due to high power requirements of IT equipment and cooling infrastructure.
• Expected increase in power and water usage with business growth.

Mitigation Strategies

• Implementation of energy-saving features and initiatives at data centers.
• Monitoring power and water consumption patterns.
• Exploring energy efficiency enhancements with clients.

Supply Chain Management

Responsible Procurement

• Assessment of suppliers' track record, quality, and reputation.
• Requirement for suppliers to submit sustainability policies and certifications.
• Review of safe work method statements.
• Implementation of Keppel Group's Supplier Code of Conduct.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI G4

Awards & Recognition

• BCA-IDA Green Mark Platinum Award (Keppel DC Singapore 3)

Environmental Metrics

ESG Focus Areas

• Environmental Stewardship
• Responsible Business Practices
• People and Community

Environmental Achievements

• Reduced GHG emissions by approximately 29,003 tCO2e through the use of 18.1% renewable energy in Dublin assets.
• Minimized water consumption through water recirculation technology in most colocation assets.
• Zero cases of non-compliance with environmental laws and regulations.

Social Achievements

• Zero fatalities and reportable incidents at Keppel DC REIT’s facilities.
• Contributed about 1,380 community hours and supported various community groups.
• Average training hours per employee: 27.4 hours.

Governance Achievements

• Ranked third in the Governance Index for Trusts (GIFT) and ninth in the Singapore Governance and Transparency Index.
• Runner Up in the Most Transparent Company Award.
• Zero incidents of corruption and zero violations of laws and regulations related to ESG issues.

Climate Goals & Targets

Environmental Challenges

• Overall water consumption increased by 6% due to increased client activity at Keppel DC Singapore 5.
• Overall GHG emissions increased due to the full-year data contribution from KDC SGP 5.

Mitigation Strategies

• Implemented advanced energy management and used clean energy sources (100% renewable electricity for KDC DUB 1 and KDC DUB 2).
• Implemented water recirculation technology in most colocation assets.
• Ongoing asset enhancement works at KDC DUB 1 to improve energy and water efficiency.

Supply Chain Management

Responsible Procurement

• Assessment of suppliers' track record, quality, reputation, sustainability policies, performance, procedures, accreditations, and certifications.
• Keppel Supplier Code of Conduct.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards: Core option

Certifications: SS 564 Part-1:2013, ISO 50001:2011, SS 507:2015, SS 577:2012, ISO 46001:2019, Biz Safe Level Star, BCA-IMDA Green Mark, ANSI/TIA-942-B:2017, ISO 45001:2018, ISO/IEC 27001:2013, ISO 9001:2015, ISO 37001:2016, ISO 14001:2015

Awards & Recognition

• Silver Award for Best Investor Relations (Singapore Corporate Awards 2019)
• Runner Up in the Most Transparent Company Award (SIAS 20th Investors’ Choice Awards)

Environmental Metrics

ESG Focus Areas

• Environmental Stewardship
• Responsible Business
• People and Community

Environmental Achievements

• 12.5% of total electricity consumed was powered by wind energy, averting about 31,600 tonnes of carbon dioxide equivalent (tCO2e) of Greenhouse Gas (GHG) emissions.
• All Keppel DC REIT’s colocation facilities in Singapore attained certification in energy and water management systems.
• Keppel DC Singapore 5 received the BCA Green Mark Platinum Award, while Keppel DC Singapore 2 was re-certified with the BCA Green Mark Gold PLUS Award.

Social Achievements

• Zero fatalities at colocation facilities.
• Distributed care packages and provided access to licensed counsellors to support employee well-being during the pandemic.
• Dedicated about 790 volunteer hours to support various community efforts.

Governance Achievements

• Ranked second in the Governance Index for Trusts.
• Mr Kenny Kwan appointed as Lead Independent Director.

Climate Goals & Targets

Environmental Challenges

• High power consumption to sustain IT equipment and cooling infrastructure.
• COVID-19 pandemic disrupted global economies and impacted communities.

Mitigation Strategies

• Implemented additional measures at offices and facilities to keep employees safe and ensure business continuity.
• Continued to step up efforts to improve the resource efficiency of colocation facilities.
• Asset enhancement works to improve energy efficiency at Keppel DC Dublin 1 completed.

Supply Chain Management

Supplier Audits: 86 new suppliers added in 2020

Responsible Procurement

• Keppel Supplier Code of Conduct

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards: Core option, Business for Societal Impact (B4SI) Framework

Certifications: ISO 50001:2011, ISO 14001:2015, ISO 45001:2018, ISO 9001:2015, ISO 27001:2013, ISO 37001:2016, BCA Green Mark Platinum Award, BCA Green Mark Gold PLUS Award

Third-party Assurance: Corporate Citizenship (for community development section only)

UN Sustainable Development Goals

• SDG 3
• SDG 6
• SDG 7
• SDG 8
• SDG 9
• SDG 11
• SDG 12
• SDG 16
• SDG 17

Incorporated eight SDGs as a supporting framework to guide our sustainability strategy.

Awards & Recognition

• Ranked second in the Governance Index for Trusts
• Ranked 15th in the Singapore Governance and Transparency Index

Environmental Metrics

ESG Focus Areas

• Environmental Stewardship
• Responsible Business
• People and Community

Environmental Achievements

• Re-certified Keppel DC Singapore 3 and Keppel DC Singapore 4 with the Building and Construction Authority (BCA) Green Mark Platinum Award in 2021.
• Keppel DC Dublin 1 and Keppel DC Dublin 2 continued to be fully powered by wind energy, averting about 20,542 tonnes of carbon dioxide equivalent (tCO2e) of Greenhouse Gas (GHG) emissions.
• Became a signatory of the EU Climate Neutral Data Centre Pact in 2021.

Social Achievements

• Adopted flexible, hybrid work arrangements.
• Focused on mental wellbeing with virtual activities during October Mental Wellbeing month.
• Held a week-long virtual learning festival.
• Supported the Muscular Dystrophy Association (Singapore) (MDAS) and contributed $55,500 to the Keppel Care Foundation.
• Keppel DC REIT (Ireland) donated to UNICEF’s “Get a Vaccine Give a Vaccine” campaign.

Governance Achievements

• Upholding high standards of corporate governance, ethics and integrity.
• Established a dedicated Board ESG Committee in February 2022.
• Commitment to have female directors represent at least 25% of the Board by 2025.

Climate Goals & Targets

Environmental Challenges

• Increased IT load at some colocation facilities.
• Growing international concerns about climate change and the need for data centers to improve energy efficiency and lower their carbon footprint.
• Understanding and managing GHG footprint across the value chain (Scope 3).

Mitigation Strategies

• Investing in energy efficient cooling infrastructure.
• Implementing energy management systems.
• Obtaining ISO certifications in energy and water management systems.
• Expanding Scope 3 reporting to cover more categories progressively by 2023.
• Incorporating TCFD recommendations into reporting framework.
• Exploring the use of solar-powered ancillary equipment to reduce Scope 2 emissions.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Assessment of suppliers' track record, quality, reputation, sustainability policies, performance, procedures, accreditations and certifications.
• Adherence to the Keppel Supplier Code of Conduct.

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events

Transition Risks

• Global decarbonisation efforts

Opportunities

• Potential use of renewable energy

Reporting Standards

Frameworks Used: GRI Standards: Core option

Certifications: ISO 14001, ISO 50001, ISO 46001, ISO 45001, BCA Green Mark Platinum

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• SDG 3
• SDG 6
• SDG 8
• SDG 9
• SDG 11
• SDG 12
• SDG 16
• SDG 17

The report details how various initiatives contribute to these goals.

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• MSCI ESG Ratings assessment 2021 rating of ‘A’

Environmental Metrics

ESG Focus Areas

• Environmental Stewardship
• Responsible Business
• People and Community

Environmental Achievements

• Reduced combined Scope 1 and Scope 2 emissions by 2.3% from 2021 levels to 69,245 tCO2e in 2022.
• Maintained green certifications for 80% of Singapore colocation assets.
• Sourced about 16% of total electricity consumed from renewable sources.

Social Achievements

• Dedicated over 1,000 hours to community outreach activities in 2022.
• Achieved an average of 38.3 training hours per employee in 2022.
• Achieved above satisfactory rating in Annual Customer Satisfaction Survey across all categories.

Climate Goals & Targets

Environmental Challenges

• Increased electricity costs
• Changing stakeholder expectations regarding low/zero carbon data centers
• Stringent sustainability-related standards and regulations

Mitigation Strategies

• Optimizing building energy consumption and procuring renewable energy
• Actively engaging stakeholders to understand their preferences and review ESG factors
• Integrating ESG considerations into corporate strategy and business operations

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Supplier screening against a database and online searches
• Sustainability policies, performance, procedures, accreditations and certifications considered in assessment
• Keppel Group Supplier Code of Conduct

Climate-Related Risks & Opportunities

Physical Risks

• Extreme precipitation
• Extreme water level
• Mean sea level rise
• Extreme temperature
• Heat wave days
• Fire risk

Transition Risks

• Regulatory changes (carbon pricing)
• Enhanced reporting obligations
• Stricter building/sector regulations
• Market shifts (revenue loss due to increased costs)
• Changes in stakeholder expectations

Opportunities

• Cost savings from energy-efficient technology
• Increased revenue from clients seeking higher energy efficiency
• Increased access to green capital
• Reputational benefits
• Public sector incentives

Reporting Standards

Frameworks Used: GRI Standards, TCFD recommendations

Certifications: ISO 14001, ISO 50001, ISO 46001, ISO 45001, LEED, BCA Green Mark

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• SDG 7 (Affordable and Clean Energy)
• SDG 9 (Industry, Innovation and Infrastructure)
• SDG 11 (Sustainable Cities and Communities)
• SDG 13 (Climate Action)
• SDG 8 (Decent Work and Economic Growth)
• SDG 12 (Responsible Consumption and Production)
• SDG 17 (Partnerships for the Goals)

The Manager has incorporated eight SDGs as a supporting framework to guide its sustainability strategy.

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• AA Rating in MSCI ESG Ratings assessment 2022
• Green Star Status in 2022 GRESB Assessment

Environmental Metrics

ESG Focus Areas

• Environmental Stewardship
• Responsible Business
• People and Community

Environmental Achievements

• Reduced combined Scope 1 and Scope 2 emissions by 7.1% year-on-year (2023 vs 2022), achieving a 13.6% reduction compared to the 2019 baseline. Avoided 26,190 tCO2e of emissions in 2023 through renewable energy procurement at KDC DUB 1 and KDC DUB 2.
• Reduced total water consumption by 14.0% year-on-year (2023 vs 2022).
• Keppel DC Dublin 1 and 2 achieved LEED v4.1 Operations and Maintenance Gold certification.

Social Achievements

• Maintained a zero-fatality workplace in 2023.
• Provided an average of 32 hours of training per employee in 2023.
• Dedicated over 900 hours to community outreach activities and donated $30,500 to the Keppel Care Foundation in 2023.

Governance Achievements

• Improved ranking to 11th from 12th in the Singapore Governance and Transparency Index under the REIT and Business Trust category.
• Maintained ‘AA’ rating in the MSCI ESG Ratings Assessment.
• Secured two sustainability-linked loan facilities totaling approximately S$150 million in 2023.

Climate Goals & Targets

Environmental Challenges

• Higher finance costs and loss allowances for Guangdong Data Centres.
• Net lower contributions from some Singapore colocation assets due to higher facilities expenses and less favourable forex hedges.
• Supply chain issues leading to protracted construction lead times, coupled with limited natural resources and labor shortages.
• Power constraints in key markets (e.g., West London, Amsterdam).
• Stricter sustainability standards and regulations imposed by governments.
• Economic downturn significantly affecting China's retail colocation market.

Mitigation Strategies

• Active portfolio rebalancing, exploring value-unlocking opportunities, and pursuing accretive acquisitions.
• Proactive leasing strategies with negotiations initiated at least six months in advance.
• Strong relationships with existing clients through regular engagement.
• Asset enhancement initiatives (e.g., converting back-office space into lettable area).
• Securing sustainability-linked loans.
• Implementing energy-efficient measures and renewable energy procurement.
• Forming strong partnerships, adopting multi-vendor strategies, and employing modularised systems to address supply chain risks.
• Developing alternative sourcing strategies.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Supplier Code of Conduct
• Supplier screening against a database and online searches

Climate-Related Risks & Opportunities

Physical Risks

• Extreme precipitation
• Extreme water level
• Mean sea level rise
• Extreme temperature
• Heat wave days
• Fire risk

Transition Risks

• Regulatory changes (carbon pricing, stricter building regulations)
• Market shifts (increased demand for low/net zero data centers)

Opportunities

• Increased access to green capital
• Government incentives
• Shift in stakeholder expectations

Reporting Standards

Frameworks Used: GRI Standards, TCFD

Certifications: LEED, ISO 14001, ISO 50001, ISO 45001, BCA Green Mark

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• 3 Star rating and Green Star status in the 2023 GRESB Real Estate Assessment
• ‘A’ for GRESB Public Disclosure in 2023
• Silver Award for Excellence in Learning and Development at the 2023 HR Excellence Awards