CapitaLand Integrated Commercial Trust - Annual Report 2021

As a CapitaLand-sponsored REIT, CICT’s identified ESG issues are aligned and adapted from CLI’s list. The selected ESG issues have been deemed to be material and applicable to CICT’s business and operations and will be guided by CLI and CICT’s regular review, assessment and feedback process in relation to ESG topics moving forward. Climate change and emissions reduction is one of the key ESG material issues identified as relevant and critical for CICT and CLI. Climate change risk has been identified as a key risk as part of the ERM Framework, and includes both physical and transitional risks. Physical risks includeconsideration of rising sea levels, violent storms, long intense heat waves, flash floods and freshwater depletion. Transitional risks include potentially more stringent regulations and increased expectations from customers and stakeholders. The Trust’s strategy to identify and address climate- related risks and opportunities spans all areas of its real estate life cycle, from the earliest stage of the investment process, to design, procurement, construction, operations and redevelopment or divestment. This is in line with CLI’s approach. • All new investments into operational assets and development projects undergo the EHS Impact Assessment during due diligence to identify any environmental (including climate change) risks and opportunities related to the asset/project site and its surroundings. The assessment covers performance metrics such as energy efficiency, as well as transitional and physical risk and opportunity considerations. Significant findings from the assessment would be incorporated in the investment paper submitted to CICTML Board for approval. Strategy All Staff CapitaLand Sustainability Council Strategic oversight of ESG policies and integration CapitaLand Board of Directors CICTML Board of Directors CapitaLand Management Council Strategic management of ESG implementation across the Group Sustainability Committee Chairman: CEO Members: Management Team • Portfolio Management • Investments • Finance and Risk Management • Investor Relations Focus: Management and implementation of CICT’s sustainability objectives and strategies Various Sustainability Work Teams Involving business units and corporate departments, covering: • Investments • Environment, health and safety • Innovation • Stakeholder engagement • Enterprise risk management Working Committee Representatives from various functions, including • Investments & Portfolio Management • Finance • Investor Relations • Asset Management • Property Management CapitaLand Integrated Commercial Trust 52 TCFD