ENVIRONMENTAL CLAS’ APPROACH – ALIGNMENT TO CLI’S COMMITMENTS, SYSTEMS AND POLICIES As a CLI-sponsored Trust, CLAS is aligned with CLI’s commitment towards building a resilient and resourceefficient portfolio with minimal environmental impact to create long-term economic value for our stakeholders. CLAS works towards the long-term and annual targets set out in the CLI 2030 SMP, to transit to a low-carbon business. To systematically monitor and manage CLAS’ environmental impact and continuously improve our environmental performance across our geographically diversified portfolio, CLAS leverages CLI’s comprehensive Environmental, Health and Safety Management System (EHSMS), which has been formed by integrating CLI’s Environmental Management System (EMS) with its Occupational, Health and Safety Management System (OHSMS). CLI’s EHSMS encompasses all business functions including property development, property management as well as corporate management and operations. It provides a systematic approach to manage CLAS’ environmental impact, and for CLAS to continuously improve its environmental performance by identifying and managing significant environmental aspects of its business operations that may potentially have a negative impact on the environment. CLAS evaluates the significance of each environmental aspect, and the impact is assessed based on factors such as the likelihood of occurrence, severity of the impact and control measures implemented. CLI’s Environmental, Health and Safety (EHS) Committee and the EHS Committees of the respective business units are responsible for implementing the EHSMS. For more details on CLAS’ sustainability management structure, please refer to pages 13 and 14 of this report. The EHSMS is audited by a third-party accredited certification body to the ISO 14001 and ISO 45001 standards, which are recognised internationally for the environmental management of businesses, and occupational health and safety management of businesses respectively. CLAS has retained the ISO certifications for the EHSMS in 13 countries for more than a decade. As part of the ISO 14001 certified EMS, new or updated legal requirements are reviewed quarterly and compliance is evaluated annually. An internal audit system ensures the conformance and effective implementation of its EMS to ISO 14001 international standards. Internal audits are conducted at least once a year, covering at least 50% of the sites in each country. External audits are conducted annually by a third-party accredited certification body. In FY 2023, there were no incidents of material non-compliance with environmental laws and regulations. Also adopted by CLAS is the CLI Environmental, Health and Safety Policy (CLI EHS Policy), which is made available to all staff, tenants, suppliers, service providers and partners. As an international corporate social citizen, CLAS is committed to protecting the environment and upholding the occupational health and safety of everyone in the workplace, and will: • Carry out exemplary EHS practices to minimise pollution and health and safety risks; • Seek continual improvement on its EHS performance; • Comply with pertinent legislations and other requirements; and • Implement the CapitaLand Sustainable Building Guidelines and Occupational Health and Safety programmes. All employees at CLAS’ Ascott-managed properties attend training and awareness programmes to facilitate the effective implementation of the EHSMS. New hires are introduced to the EHSMS and CLI EHS Policy, and briefed on their respective roles. More detailed training on the implementation of EHSMS is conducted for the heads of departments in administration, operations, and project management, including the heads of operating properties, design managers and project managers. SUSTAINABLE DEVELOPMENTS AND ASSETS CLAS refers to CapitaLand’s Sustainable Building Guidelines (SBG), an in-house guide developed since 2007, to ensure environmental factors are considered throughout all stages of a project. The SBG is regularly reviewed to ensure continuous improvement, with a focus on four key objectives – minimising carbon footprint and energy consumption, water management, reducing the generation of waste, and promoting biodiversity in the real estate life cycle. The SBG sets guidelines for buildings to be more energy efficient, for instance – setting green rating targets, specifying minimum equipment efficiency, and requiring the use of onsite renewable energy whenever possible. By adopting the SBG, CLAS future-proofs development properties by addressing climate change related risks right from the design stage. A key component of the SBG is the mandatory Environment Health Safety Impact Assessment (EHSIA) which is conducted during the feasibility study stage of any potential acquisition or investment in operational assets and development projects as part of the due diligence process. The assessment serves as a guide in considering EHS risks and opportunities upfront, so that mitigation measures can be identified at an early stage. 17 CAPITALAND ASCOTT TRUST
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