ENVIRONMENTAL 3 Managed and branded with more than two years of operations. One of Ascott’s commitments under Ascott CARES is to certify 100% of its properties3 to a recognised sustainability standard (e.g. GSTC or equivalent) by 2028. As at the date of this report, two of CLAS’ properties, Ascott Orchard Singapore and lyf one-north Singapore, have achieved GSTC certification. Accor, a third-party operator of CLAS’ properties, has also joined the GSTC in 2022 and entered into collaborations with other key sustainable certification programmes which would help it reach its target of 100% of its network eco-certified by 2026. Marriott, another of our third-party operators, is a member of the Sustainable Hospitality Alliance which had entered into a new partnership with GSTC in 2023. The Sustainable Hospitality Alliance brings together the hospitality industry and strategic partners to address key challenges affecting the planet and its people, local destinations and communities. Sustainable and Responsible Sourcing CLAS seeks to integrate sustainable practices into its supply chain and reduce the negative environmental and social impact of its business activities. By working with like-minded operators, CLAS increases the use of green products at its properties by procuring recycled products and materials from sustainable sources. The operators work with environmentally-responsible partners and ensure that their staff practise the 3Rs of reusing, recycling and reducing. In 2023, Ascott focused on developing a global strategy and roadmap for responsible sourcing, and undertook an industry benchmarking assessment. Through the exercise, priority categories and specific focus items were identified, which allowed Ascott to refine its responsible sourcing commitments under Ascott CARES. Ascott CARES Commitment Progress Status as of May 2024 To train 100% of Ascott’s procurement staff in the topic of responsible sourcing by 2023 Achieved To eliminate single-use plastics across straws, stirrers, bottled water, mini toiletries and takeaway cups by 2024 Work-in-progress To eliminate use of all other guest-facing single-use plastic items by 2028 To minimise use of paper and switch to 100% certified recycled or sustainable forestry sources by 2028 To use 100% responsibly sourced coffee, tea and sugar by 2028 To use 100% green cleaning products by 2028 On guest supplies, Ascott has already begun reducing the use of single-use plastics at its properties, including replacing plastic bottled water, laundry bags and amenities with environmentally-friendly alternatives. Ascott also ensures that its operating equipment and supplies adhere to green specifications. Forest Stewardship Council (FSC) or recycled paper is used, where available, for all office printing, marketing collateral and stationery items. Similarly, CLAS’ third-party operators have responsible procurement and sourcing practices in place. Marriott aims to responsibly source 95% of each of its top 10 categories of supplies by 2025. Marriott also plans to source 50% of its produce locally by 2025. Accor dedicates part of its sourcing and procurement to small- and medium-sized companies to increase and protect local jobs. The following is a list of Ascott’s responsible sourcing commitments and respective status: 29 CAPITALAND ASCOTT TRUST
RkJQdWJsaXNoZXIy NTkwNzg=