Climate Change Data

AIMS APAC REIT

Climate Impact & Sustainability Data (2023-04 to 2024-03)

Reporting Period: 2023-04 to 2024-03

Environmental Metrics

Total Carbon Emissions:3,763 tCO2e/year
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:3,763 tCO2e/year
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:9,029 MWh/year
Water Consumption:176,484 m3/year
Waste Generated:1,045 tons/year
Carbon Intensity:55 kgCO2e/m2

ESG Focus Areas

  • Economic Performance
  • Energy and Emissions
  • Water and Effluents
  • Waste
  • Occupational Health and Safety
  • Employment, Training and Education
  • Diversity and Equal Opportunity
  • Local Communities
  • Business Ethics
  • Regulatory and Environmental Compliance

Environmental Achievements

  • Achieved a 17% carbon reduction from the FY2020 baseline.
  • Completed one of the largest rooftop solar installations by a Singapore-listed REIT, with a capacity of 10.8 MWp, generating an estimated 14,500 MWh of electricity annually.
  • Installed water-efficient fittings for toilet upgrades across three properties.
  • Installed recycling bins across all multi-tenanted properties.

Social Achievements

  • Women formed 50% of new hires and constituted 57% of the entire workforce.
  • Women represented 40% within senior management and held 25% of seats on the Board of Directors.
  • Exceeded the target of achieving at least 15 hours of training per employee per year, with each employee receiving an average of 25.2 hours of training.
  • Carried out two CSR initiatives with Club Rainbow with a 66% participation rate.

Governance Achievements

  • Reported zero material incidents of non-compliance with anti-corruption laws and regulatory and environmental requirements.

Climate Goals & Targets

Long-term Goals:
  • SBTi commitment to 42% reduction in scope 2 emissions by FY2030, from a FY2020 base year
Medium-term Goals:
  • Increase solar capacity to 13.13 MWp by end FY2027
  • 70% of new and renewal leases signed in FY2027 to be green
  • Progressively install water-efficient fittings certified under the PUB’s Water Efficiency Labelling Scheme for toilets
  • Actively engage master tenants in single-user assets for collection of water data
  • Actively engage master tenants in single-user assets for collection of waste data
Short-term Goals:
  • Increase solar capacity to 11.22 MWp by end FY2025
  • 50% of new and renewal leases signed in FY2025 to be green
  • Install water-efficient fittings in two properties
  • Encourage waste separation and recycling in all multi-tenanted properties

Environmental Challenges

  • Increase in electricity consumption at North Tech due to equipment malfunction.
  • Increase in water consumption due to a faulty cooling tower equipment.
  • Difficulty in obtaining environmental data from single-tenant properties.
  • Rising operational costs.
Mitigation Strategies
  • Addressing the equipment malfunction at North Tech.
  • Gradual upgrade of toilets with water-efficient fittings.
  • Engaging with single-tenant occupants to collect environmental data.
  • Establishing long-term vendor contracts to mitigate rising operational costs.

Supply Chain Management

Supplier Audits: Biannual reviews of term contracts service providers

Responsible Procurement
  • Evaluation of new suppliers against environmental and social benchmarks
  • Mandatory compliance with health and safety codes for service suppliers

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme heat
  • Flooding
  • Fire
Transition Risks
  • Regulatory changes (e.g., carbon tax)
  • Market shifts (e.g., reduced demand for less sustainable properties)
  • Technological changes (e.g., need to adopt new technologies)
Opportunities
  • Renewable energy programs
  • Smart technologies to enhance energy efficiency
  • Acquisition of properties with sustainable building certifications
  • EV fast charging infrastructure

Reporting Standards

Frameworks Used: GRI Standards 2021, TCFD

Certifications: Null

Third-party Assurance: Internal audit by BDO Advisory Pte Ltd

UN Sustainable Development Goals

  • SDG 7
  • SDG 8
  • SDG 9
  • SDG 13
  • SDG 16

The report maps its ESG initiatives to these SDGs.

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed