Mapletree Logistics Trust
Climate Impact & Sustainability Data (2020-04 to 2021-03, 2022-04 to 2023-03, 2023-04 to 2024-03)
Reporting Period: 2020-04 to 2021-03
Environmental Metrics
Total Carbon Emissions:11,838 tCO2e (Scope 2) + 183 tCO2e (Scope 1)
Scope 1 Emissions:183 tCO2e
Scope 2 Emissions:11,838 tCO2e
Total Energy Consumption:20.3 million kWh
Water Consumption:256,973 m3
ESG Focus Areas
- Environment
- Social
- Governance
Environmental Achievements
- 2.0% reduction in average building energy intensity across the Singapore, Hong Kong SAR, Vietnam, China and Malaysia portfolios from FY19/20 baseline
- 22.9% increase in total rooftop solar generating capacity from FY19/20 baseline
- Secured S$350M in green loan facilities to finance green projects
Social Achievements
- Provided lunch boxes to more than 18,800 tenant-employees working on the frontline during the pandemic
- 98% employee participation in 2020 Employee Engagement Survey
- Average employee turnover rate of 1%
Governance Achievements
- Maintained zero material breaches of relevant local laws and regulations
Climate Goals & Targets
Long-term Goals:
- Double total solar energy capacity across MLT’s platform by 2030 from FY20/21 baseline
Medium-term Goals:
- Reduce energy intensity by 20% in Singapore and Hong Kong SAR by 2030 from FY18/19 baseline
- Increase solar energy generating capacity across MLT’s portfolio by 15% to 20% from FY20/21 baseline
Short-term Goals:
- Reduce energy intensity across the Singapore, Hong Kong SAR, Vietnam, China, Malaysia and Japan portfolios by 1.0% to 1.5% from FY20/21 baseline
- Progressively upgrade toilets in Singapore to achieve at least a 3-tick Water Efficiency Label
Environmental Challenges
- COVID-19 pandemic and its impact on business operations and stakeholder well-being
- Supply chain disruptions
Mitigation Strategies
- Activation of Mapletree’s Business Continuity Plan
- Implementation of precautionary measures to safeguard the health and safety of frontline workers
- Providing support and relief measures to tenants negatively impacted by the pandemic (rental rebates and deferrals)
- Continued progress on environmental sustainability efforts
Supply Chain Management
Responsible Procurement
- Rigorous due diligence process for appointing TPSPs; contractors required to submit Risk Management Plan
Climate-Related Risks & Opportunities
Opportunities
- Development of energy-efficient products
Reporting Standards
Frameworks Used: GRI Standards: Core option, SGX-ST Listing Rules (711A and 711B) − Sustainability Reporting Guide
Awards & Recognition
- Green Mark Platinum and Super Low Energy Building status for Mapletree Benoi Logistics Hub
- Green Mark Gold for Mapletree Logistics Hub, Toh Guan
- LEED: Core and Shell Gold Level for Mapletree Logistics Hub Tsing Yi
Reporting Period: 2022-04 to 2023-03
Environmental Metrics
Scope 1 Emissions:1,167 tCO2e
Scope 2 Emissions:13,617 tCO2e
Total Energy Consumption:26.3 million kWh
Water Consumption:459,000 CuM
Waste Generated:1,482 tonnes (Singapore)
ESG Focus Areas
- Governance
- Social
- Environmental
Environmental Achievements
- 6% reduction in Portfolio energy intensity from FY21/22 baseline
- 163% increase in Cumulative solar generating capacity to 36.3 MWp
- 295% increase in Green certified space to 1.7 million sqm or 22% of portfolio GFA
Social Achievements
- Tenant ESG Engagement Programme rolled out in Singapore
- >1,200 Trees Planted across MLT’s platform in FY22/23
- 46.3 hours Average training hours per employee, up from 35.8 hours in FY21/22
Governance Achievements
- 0 Incidences of non-compliance with anti-corruption laws and regulations
- 0 Material incidences of non-compliance with local laws and regulations
- Achieved “A” Grade Public Disclosure Score
Climate Goals & Targets
Long-term Goals:
- Achieve carbon neutrality for Scope 1 and 2 emissions by 2030
- Achieve green certification for > 80% of MLT’s portfolio (by GFA) by 2030
Medium-term Goals:
- Achieve energy intensity reduction of 20% in Singapore and Hong Kong SAR from FY18/19 baseline by 2030
- Achieve green certification for 30% - 40% of MLT’s portfolio (by GFA) by 2030
- Expand MLT’s total solar energy generating capacity to 100 MWp by 2030
Short-term Goals:
- Reduce portfolio energy intensity by 1.0% to 1.5% from FY22/23 baseline
- Double MLT’s total solar energy generating capacity from FY22/23 baseline by 2030
Environmental Challenges
- Increased energy consumption due to portfolio expansion
- Climate change related risks (physical and transition)
Mitigation Strategies
- Implementation of green leases
- Increased solar energy generation
- Energy efficiency improvements
- Onboarding of a climate risk analysis tool
- Adoption of TCFD recommendations
- Implementation of MAS Guidelines on Environmental Risk Management
Supply Chain Management
Supplier Audits: 90% of new suppliers screened for environmental or social criteria
Responsible Procurement
- Environmental and social criteria screening of new suppliers
Climate-Related Risks & Opportunities
Physical Risks
- Fluvial, coastal, and flash flooding
- Tropical cyclones
Transition Risks
- Increased pricing of carbon emissions
- Mandates and regulations on existing products and services
- Changes in stakeholder expectations
- Environmental reporting obligations
- Exposure to climate litigation
Opportunities
- Development of energy-efficient products and services
- Increased use of renewable energy
Reporting Standards
Frameworks Used: GRI Standards 2021, TCFD
Reporting Period: 2023-04 to 2024-03
Environmental Metrics
Total Carbon Emissions:11024 tCO2e (Scope 1) + 13521 tCO2e (Scope 2 Location Based) + 7508 tCO2e (Scope 2 Market Based)
Scope 1 Emissions:1024 tCO2e/year
Scope 2 Emissions:7508 tCO2e/year (Market Based)
Renewable Energy Share:40% of total energy consumed
Total Energy Consumption:27.3 MWh/year
Water Consumption:387,214 m3/year
Waste Generated:5,029 tons/year
ESG Focus Areas
- Economic Performance
- Strong Partnerships
- Quality, Sustainable Products and Services
- Energy and Climate Change
- Water Management
- Waste Management
- Employee Engagement and Talent Management
- Diversity and Equal Opportunity
- Health and Safety
- Community Impact
- Ethical Business Conduct
- Compliance with Laws and Regulations
Environmental Achievements
- Green certified space increased by 80% year-on-year to account for 39% of portfolio GFA
- MLT’s self-funded solar capacity more than doubled to 36.2 MWp
- 2% reduction in portfolio energy intensity from FY22/23 baseline
- 16% decrease in water usage, 20% reduction in water intensity
- Expanded waste reporting scope to 6 overseas markets
- Waste recycled increased to 2,054 tonnes in FY23/24 from 609 tonnes in FY22/23
- 98% of construction materials were recycled during the demolition at 51 Benoi Road in Singapore
Social Achievements
- Organised five community events across our markets
- 99% response rate and an overall engagement score of 74% in employee engagement survey (improvement from 71% in 2020)
- 76% of tenants expressed high satisfaction with MLT’s ESG efforts, and 84% expressed high satisfaction with MLT’s property management services
- Average training hours per employee increased to 47.1 hours
- Zero incidents of employee permanent disability or workplace fatality
- 221 staff volunteer hours across 5 CSR events
Governance Achievements
- Zero material incidences of non-compliance with local laws and regulations
- Zero incidences of non-compliance with anti-corruption laws and regulations
- 36% female representation on the Board
Climate Goals & Targets
Long-term Goals:
- Expand MLT’s self-funded solar generating capacity to 100 MWp by 2030
- Achieve carbon neutrality for Scope 1 and 2 emissions by 2030
- Achieve green certifications for more than 80% of portfolio assets by gross floor area in 2030
- Commitment to achieve net zero emissions by 2050
Medium-term Goals:
- Expand MLT’s self-funded solar generating capacity to 45 MWp
- Achieve energy intensity reduction of 20% in Singapore and Hong Kong SAR from FY18/19 baseline by 2030
- Achieve green certification for 50% of MLT’s portfolio (by GFA)
Short-term Goals:
- Reduce portfolio energy intensity by 1.0% to 1.5% from FY23/24 baseline
- Achieve 25% female representation on the Board by 2025, and 30% by 2030
Environmental Challenges
- Climate change poses persistent risk to the real estate sector (physical and transition risks)
- Supply chain disruptions (implied)
- Data limitations in comprehensive climate risk assessment
- Data limitations in full waste disclosure across all markets
Mitigation Strategies
- Completed onboarding of a third-party climate risk analysis tool and conducted a quantitative climate scenario analysis
- Implementing an Environmental Data Management System
- Implementing asset enhancements to improve building energy efficiency and ensure alignment with local regulations
- Adopting renewable energy sources
- Expanding waste reporting scope to include data from six overseas markets
Supply Chain Management
Supplier Audits: 19% of new suppliers were screened for environmental and social criteria
Responsible Procurement
- Thorough assessments of potential suppliers
- Suppliers of material contracts are required to sign a declaration of no conflict of interest
- All material contracts awarded to suppliers also include anti-corruption clauses
Climate-Related Risks & Opportunities
Physical Risks
- Coastal Flooding
- Fluvial Flooding
- Cyclone
- Wildfire
- Extreme Cold
- Extreme Heat
Transition Risks
- Increase in carbon price
- Mandates and regulations on existing products and services
- Changes in stakeholder expectations
- Environmental reporting obligations
- Exposure to climate litigation
Opportunities
- Development of energy-efficient products and services
- Growth of renewable energy sector
Reporting Standards
Frameworks Used: GRI Standards 2021, TCFD
Sustainable Products & Innovation
- Lightweight, glass-free and flexible solar panels
Awards & Recognition
- Singapore Corporate Sustainability Award at the Investors’ Choice Awards 2023