SUSTAINABILITY MANAGEMENT SUSTAINABILITY REPORTING & BENCHMARKING CLAS is one of the few listed trusts in Singapore to publish a sustainability report which is externally assured since FY 2022. CapitaLand was also one of the first companies in Singapore to voluntarily publish an annual Global Sustainability Report since FY 2009, and to have its entire report externally assured since FY 2010. Benchmarking against international standards and frameworks which are externally validated helps us to overcome the challenges in sustainability reporting that may arise from our portfolio of diverse asset types and geographies. CLI’s global sustainability reporting (GSR) has evolved into a uniquely hybrid model using the Global Reporting Initiative (GRI) Standards and Greenhouse Gas (GHG) Protocol (operational control method) since 2009, GRESB since 2013, Value Reporting Foundation’s Integrated Reporting Framework since 2015, UN SDG Reporting since 2016, Taskforce for Climate-related Financial Disclosures (TCFD) framework since 2017, and Sustainability Accounting Standards Board (SASB) Standards since 2020. The GSR covers CLI's global portfolio and employees, including CLAS and CLI’s other listed real estate investment trusts and business trusts. We will continue to enhance our disclosures and work towards preparing for International Sustainability Standards Board (ISSB) standards relating to climate reporting. CLAS’ and CLI’s reports will continue to be externally assured with reference to the International Standard on Assurance Engagements (ISAE) 3000. This sustainability chapter references selected GRI standards to report specific information and covers CLAS’ properties from 1 January 2023 to 31 December 2023 unless otherwise indicated. The CLI team behind CLAS’ Managers and the property managers responsible for property and portfolio operations are identified as employees of CLAS. More information on CLAS’ sustainability management practices will be published in the Sustainability Report 2023 by 31 May 2024. RECOGNITION BY GLOBAL BENCHMARKS CLI has been a signatory to the United Nations (UN) Global Compact since 2015 and our Communication on Progress for FY 2023 will be published at www.unglobalcompact.org. In February 2023, CLI also became a signatory of the UN-supported Principles for Responsible Investment (UN PRI), as part of its commitment to invest responsibly. In recognition of our leadership in sustainability, CLAS has been named Global Sector Leader (Listed – Hotel) and ranked first in the Asia Pacific Hotel – Listed category in the 2023 GRESB Real Estate Assessment for the third consecutive year. CLAS was also included as a constituent of iEdge-UOB APAC Yield Focus Green REIT Index during the year. On the S&P Corporate Sustainability Assessment, CLAS is ranked 89th percentile of real estate investment trusts globally, and CLAS’ MSCI ESG rating was upgraded from “BB” to “BBB” in 2023. CLI continues to be listed on the Dow Jones Sustainability World Index and Asia-Pacific Index, GRESB (Global Sector Leader – Listed (Diversified) with the highest 5-star rating), FTSE4Good Index Series, MSCI Global Sustainability Indexes and The Sustainability Yearbook. Receiving the 2023 Global Sector Leader (Listed - Hotel) award from GRESB 82 CAPITALAND ASCOTT TRUST
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