54
Ascott Residence Trust
Annual Report 2015
Sustainability Management
Sustainability Commitment
Ascott Residence Management Limited (ARTML or
the Manager) is part of CapitaLand Group (CapitaLand
or the Group) and its sustainability strategy is aligned
to the Group. Details can be found in the CapitaLand
Sustainability Report which will be available in June 2016.
The Group’s sustainability strategy is aligned with its
credo of ‘Building People. Building Communities.’.
It is committed to improving the economic and social
well-being of its stakeholders through execution
of development projects and management of its
operations. In a rapidly changing business landscape,
it actively embraces innovation to ensure commercial
viability without compromising the environment for
future generations.
It upholds high standards of corporate governance
and transparency to safeguard shareholders’ interests.
It has in place an adequate and effective enterprise risk
management system to enhance its business resilience
and agility. The Group’s proactive approach towards
environmental, health and safety management, which
incorporates universal design into its developments,
ensures that its properties are future-proofed and
sustainable. Policies and guidelines are put in place
to ensure the efficient use of energy, water and other
resources.
Its integrated human capital strategy aims to recruit,
develop and motivate employees to drive growth for
the Group. Community development is an important
component of its commitment to sustainability.
It focuses on providing support to enhance the
lives of underprivileged children through corporate
philanthropy and employee volunteerism.
CapitaLand is one of the first companies in Singapore
to publish its Sustainability Reports voluntarily before
SGX published its Sustainability Reporting Guidelines.
The 2015 Global Sustainability Report will be based
on GRI Global 4 Sustainability Reporting Guidelines
and externally assessed to the AA1000 Assurance
Standard. It will cover CapitaLand’s global portfolio
including Ascott Reit. CapitaLand is a signatory to
the United Nations Global Compact and its Global
Sustainability Report will serve as its Communication
on Progress, which will be made available at
when published.
Top Management Commi tment and Staf f
Involvement
The Group’s sustainability management comes
under the purview of its Sustainability Council which
comprises members of CapitaLand’s top management.
It is supported by a Sustainability Steering Committee
which oversees two work teams to ensure the Group’s
continued progress and improvement in the areas of
environment, social and governance. The Sustainability
Steering Committee and work teams comprise
representatives from all business units.
Sustainability Steering Committee
Sustainability Council
Board of Directors
All Staff
Environment Sustainability
Work Team
Social Sustainability
Work Team
