The Ascott Limited

Climate Impact & Sustainability Data (2023, 2024)

Reporting Period: 2023

Environmental Metrics

Renewable Energy Share:3.8%

ESG Focus Areas

Environment
Social
Governance

Environmental Achievements

Reduced energy consumption intensity by 13% compared to 2019 baseline.
Reduced carbon emissions intensity by 10.3% compared to 2019 baseline.
Increased proportion of green-certified buildings to over half of owned portfolio (53.6%).
100% of electricity procured by properties in Germany and the UK is from renewable sources.
Five Japan properties adopted renewable energy in 2023.

Social Achievements

Launched Ascott CARES sustainability basics course in six languages for over 15,000 associates.
Launched Ascott Sustainability Series webinars with over 600 attendees per session.
Launched Somerset Sustainability Passport Programme to engage guests in eco-friendly activities.
Various community initiatives in Indonesia, Philippines, and other countries.
Launched Stars of Ascott - Sustainability awards.

Governance Achievements

Ascott received GSTC-Committed status.
100% of properties committed to CapitaLand Supply Chain Code of Conduct.
Established Ascott Sustainability Dashboard to track progress towards commitments.

Climate Goals & Targets

Long-term Goals:

Commit to Net Zero (Scope 1 and 2) by 2050.
100% of properties to be certified by a GSTC-accredited certification body by 2028 (where applicable).

Medium-term Goals:

Reduce water consumption intensity by 15% by 2030.
Reduce carbon emissions intensity by 72% by 2030.
Reduce energy consumption intensity by 15% by 2030.
Increase proportion of electricity consumption from renewable sources to 45% by 2030.
Achieve green building certification for 100% of owned properties by 2030.
Use only cage-free eggs for 50% of properties by 2027; and expand to 100% of properties by 2030.
Use 100% responsibly sourced coffee, tea and sugar by 2028.
Use 100% green cleaning products by 2028.

Short-term Goals:

Eliminate single-use plastic across straws, stirrers, bottled water, mini toiletry bottles and takeaway cups by end 2024.

Environmental Challenges

Limited availability of waste data in certain regions.
Challenges in achieving 100% cage-free eggs due to market availability and cost.
Addressing modern slavery risks within the supply chain.

Mitigation Strategies

Introduced guidelines and webinars for associates on waste data collection and waste reduction.
Phased approach to achieve 100% cage-free eggs by 2030.
Implementing comprehensive modern slavery awareness training for all associates by end 2024.

Supply Chain Management

Supplier Audits: 100% of Ascott’s suppliers acknowledged to abide by the CapitaLand Supply Chain Code of Conduct

Responsible Procurement

CapitaLand Supply Chain Code of Conduct
Cage-free eggs
Recycled paper
Sustainable cleaning products
Responsibly sourced coffee, tea, and sugar

Climate-Related Risks & Opportunities

Physical Risks

Extreme weather

Transition Risks

Climate regulations

Opportunities

Development of energy-efficient products

Reporting Standards

Frameworks Used: GSTC Criteria v3.0

Certifications: ISO 14001, ISO 45001

Sustainable Products & Innovation

SmartREM system
Geothermal energy system at Citadines Danube Vienna

Awards & Recognition

GSTC-Committed status
Various awards for lyf one-north Singapore

Reporting Period: 2024