Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate Change
• Resource Management
• Local Community Impacts
• Human Resources
• Corporate Governance
• Business Transparency
• Financial Sustainability
• Supply Chain
• Quality of Asset Portfolio

Environmental Achievements

• Scope 1 emissions reported at 1,549 tCO2e and Scope 2 emissions at 8,016 tCO2e.
• Reduced water consumption through low-flow fixtures in Australian properties.
• 78 tonnes of waste diverted from disposal out of 680 tonnes generated.

Social Achievements

• Participation in Marriott International’s “Check Out for Children” program.
• Employee volunteerism in local community service initiatives.
• 68% of workforce is local.

Governance Achievements

• Implementation of policies and procedures to ensure sound corporate governance, risk management, and compliance.
• Zero tolerance for corruption, bribery, fraud, and money laundering.
• Adoption of the Code of Conduct & Business Ethics for the YTL Group of Companies.

Climate Goals & Targets

Environmental Challenges

• Negative impacts on the environment from operations.
• Threats to human health and well-being.
• Rising temperatures and extreme weather events.
• Negative image and/or brand reputation.
• High employee turnover cost.
• Heightened legal, regulatory, and reputational risks.
• Market uncertainties from economic conditions, political instability, and regulations.
• Underperforming assets impacting income distribution, stability, and profitability.

Mitigation Strategies

• Initiatives to mitigate pollution/impacts and achieve reductions in energy consumption, water use, and improved waste management.
• Reduction of portfolio carbon emissions and assessment/mitigation of climate-related risks.
• Promoting an inclusive and safe workplace.
• Focus on building societal resilience to improve the lives and livelihoods of local communities.
• Implementing policies and procedures to ensure sound corporate governance, risk management, and compliance.
• Maintaining zero tolerance for corruption, bribery, fraud, and money laundering.
• Delivering sustainable growth and long-term value.
• Strengthening the asset portfolio and embedding sustainable considerations in investments.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Compliance with local government and legal requirements
• Prioritising local suppliers or nearshoring

Climate-Related Risks & Opportunities

Physical Risks

• Increased severity of extreme weather events
• Changes in precipitation patterns

Transition Risks

• Introduction of carbon pricing
• Transition to lower emissions technology
• Increased cost of raw materials
• Shift in stakeholders' expectations

Opportunities

• Reduced operating costs
• Increased value of fixed assets
• Better competitive position
• Increased reliability of supply chains
• Leverage new and cleaner technologies

Reporting Standards

Frameworks Used: GRI, GHG Protocol, UN SDGs

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Aligned with UNSDGs

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• The Edge’s Billion Ringgit Club 2024 award for Highest Returns to Shareholders Over Three Years in the REIT category.