CapitaLand Ascott Trust - Sustainability Trust 2023

Build Portfolio Resilience & Resource Efficiency Enable Thriving & Future-Adaptive Communities Steward Responsible Business Conduct and Governance Integrate sustainability in the entire real estate life cycle. In particular, factoring Environment Health & Safety impact assessments and internal carbon price in investment process. Source climate-technology solutions through the global CapitaLand Sustainability X Challenge for piloting and adoption throughout the portfolio. Use data analytics and digitalisation to track and analyse trends in environment parameters and use the insights for portfolio optimisation. Strengthen innovation and collaboration by tapping on S$50 million CapitaLand Innovation Fund, by sourcing globally and within CLI for new ideas and technologies to meet our bold sustainability ambitions. Work with partners to create shared values that benefit the wider real estate community through partnerships and mentorships. Raise capital through sustainable finance instruments or initiatives that demonstrate our sustainability leadership. Interest rate savings can be channelled back into our decarbonisation efforts. CapitaLand Hope Foundation as a vehicle to amplify the social impact of our contribution to the communities by collaborating with ecosystem partners to support key underserved needs of children, youth and seniors through donations, volunteerism and thought leadership. Build a culture of volunteerism among staff and leverage its ecosystem to rally customers and business partners to do good together. Develop capability and build a culture of sustainability throughout the organisation. Empower staff with relevant knowledge and skillsets to make decisions that align with our sustainability goals. Cultivate stakeholder engagement through thought leadership and advocacy, towards ensuring CapitaLand as a sustainable brand that cares for the environment and communities it serves. Ensure robust ESG governance structure, where the CLI and CLAS Boards, through its committees, oversee the sustainability strategy. Senior management own the execution on the ground through cross-team collaboration. Monitor and report to ensure transparency of sustainability progress. Continue to validate performance by external assurance and align the Sustainability Report to international standards and frameworks. Integrate ESG into Balanced Scorecard Framework and sustainability targets embedded in policies, processes, best practices and key performance indicators. CLI 2030 SMP PATHWAYS SUSTAINABILITY REPORT 2023 8

RkJQdWJsaXNoZXIy NTkwNzg=