CEO MESSAGE CLAS is aligned with and actively contributes to the targets and commitments outlined in the SMP. As stewards of CLAS, we seek to strike a balance between the 3 ‘P’s – people, planet and profit. We ensure that sustainability remains a key focus and priority in everything we do, by integrating it throughout the entire real estate life cycle – from investment, design, procurement, asset enhancement to operations. We work with like-minded operators and partners to improve the environmental management of our properties. As at 31 December 2023, we have achieved green building certifications for 49% of our global portfolio, up from 37% the previous year, tracking well against our target. We continue to green our properties through the adoption of renewable energy and innovative technologies, as well as increasing the efficiency of our mechanical and electrical systems and processes. Recognising that our business has an impact on the communities we operate in, we also actively engage our staff, guests, tenants and other stakeholders. 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 of the 2023 GRESB Real Estate Assessment for the third consecutive year. In 2023, CLAS was also included as a constituent of the iEdge-UOB APAC Yield Focus Green REIT Index. On the governance front, in 2023, CLAS was conferred the top spot in the Singapore Governance and Transparency Index under the REITs and Business Trusts category for the third year running. CLAS is also one of the few listed trusts in Singapore to publish a sustainability report which has a limited external assurance in accordance with ISAE 3000. This gives our investors and stakeholders confidence in the quality of our data and reporting. We consider our ESG goals in our financing efforts. To date, we have secured over S$550 million in sustainable financing, with the latest being a sustainabilitylinked cross currency interest rate swap of JPY11.0 billion (c.S$103 million). As CLAS continues to grow as a Trust, we remain committed in our efforts to embed ESG in our strategy and activities, and to build a sustainable lodging portfolio. We endeavour to strengthen long-term value creation and deliver returns to our Stapled Securityholders, whilst making a positive impact on our stakeholders. Ms Serena Teo Chief Executive Officer 11 CAPITALAND ASCOTT TRUST
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