GOVERNANCE Areas of Focus 2030 Targets Performance in 2023 IR Capitals and UN SDGs supported Corporate governance At least 85% of staff to attend one compliance related training • 81% of staff attended fraud, bribery and corruption awareness online training1 Organisational Capital Ensure sustainability targets are integrated into the Performance Stapled Security Plan (PSSP) and Balanced Scorecard framework to determine executive remuneration and key performance indicators • With effect from the FY 2023 award, the Managers’ PSSP encompasses pre-determined targets for sustainability, such as green building certification • Under the Balanced Scorecard framework, CLAS’ strategy and goals are translated to performance outcomes comprising both quantitative and qualitative targets in various dimensions including sustainability • For more information regarding executive remuneration, please refer to pages 112 to 118 of CLAS’ 2023 Annual Report Transparent reporting Ensure reporting is aligned to international standards such as TCFD and GRI with disciplined internal checks as well as external assurance of data by accredited bodies • CLI’s sustainability reporting (which includes CLAS) has been aligned to GRI Standards and Greenhouse Gas (GHG) Protocol (operational control method) since 2009, CDP since 2010, GRESB since 2013, Integrated Reporting Framework since 2015, UN SDG Reporting since 2016, TCFD framework since 2017, and SASB Standards since 2020 • CLI’s Global Sustainability Report has been externally assured since 2010 and CLAS’ Sustainability Report has been externally assured since 2022. Please refer to Appendix G of this report for the Independent Limited Assurance Report Risk reporting Ensure processes to identify, assess, and manage sustainability risks and opportunities in the short-, medium-, and long-term are integrated into overall enterprise risk management processes • Annual group-wide RCSA exercise requires business units and corporate functions to identify, assess and document material risks which include ESG-related risks and opportunities, along with their key controls and mitigating measures • For more information on the RCSA exercise and risk management processes, please refer to pages 87 to 92 of CLAS’ 2023 Annual Report Ensure sustainability risks and opportunities are managed in line with overall risk appetite and strategy • CLI’s revised 2030 SMP was launched in May 2023 after a regular review to ensure that it remains relevant to CLI’s business strategy and is aligned with climate science • Performance against CLI 2030 SMP targets is tracked and reported to CLAS Management and Boards at least annually COMMITMENTS AND PROGRESS 1 Computation of FBC training statistics is based on staff strength as at 21 August 2023 (being the starting date of the training), excluding interns, trainees, temporary and outsourced staff, employees on long leave and employees from the four properties which were divested in September 2023. 63 CAPITALAND ASCOTT TRUST
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