Sustainability Management 100 CapitaLand Integrated Commercial Trust The CICT Board recognises the importance of sustainability as a business imperative and ensures that sustainability considerations are factored in CICT’s strategy development. This enables CICT to remain competitive and resilient in an increasingly challenging business environment. For CICT sustainability management structure, material ESG factors and performance, please refer to the Sustainability section on CICT website at https://www.cict.com.sg/ sustainability.html and CICT Sustainability Report 2024 which will be published in end-April 2025. CICT is guided by externally validated international standards and frameworks in sustainability reporting. In line with CLI Climate Resilience 2023 Report, CICT’s Sustainability Report covered climate-related disclosures and the group is also preparing for alignment with the International Sustainability Standards Board’s (ISSB) IFRS S2 Climate-related Disclosures progressively. CICT aligns its sustainability goals with CapitaLand Investment (CLI) to achieve the sustainable performance of its portfolio. Together with CLI, CICT has committed to achieving Net Zero carbon emissions for Scope 1 and 2 by 2050, contributing to the environmental and social well-being of the communities where it operates, to deliver long-term economic value to its stakeholders. Both the Manager of CICT and the property managers oversee CICT’s business and operations, and ensure adherence to CLI’s sustainability framework, policies, and guidelines, including its code of ethics and business conduct. The CLI 2030 Sustainability Master Plan (SMP) outlined the sustainability targets and clear pathways across the portfolio. The CLI group’s material Environmental, Social and Governance (ESG) factors are aligned to the 2030 SMP and mapped against eight United Nations Sustainable Development Goals. Please refer to the Sustainability section on the CLI website at https://www.capitaland.com/en/about-capitaland/ sustainability.html for CLI 2030 SMP and ESG policies. AWARDS & RECOGNITION sector leader 2024 REAL ESTATE At CICT, we are committed to growing in a responsible manner, by delivering long-term economic value and contributing to the environmental and social well-being of our communities. The operations of CICT’s properties are managed by the property managers (which mainly comprise subsidiaries of CLI), in accordance with the property management agreements. The material ESG factors have been identified with set targets for 2030, considering CICT’s business focus and in alignment with the CLI 2030 SMP. Advancing towards a common set of goals, the CICTML Board has reviewed and endorsed the material ESG factors put up by the management team. CICT’s ESG factors aim to maximise impact through building portfolio resilience, optimising resources, enabling thriving and future-adaptive communities, and stewarding responsible business conduct and governance. The CICTML Board is responsible for overseeing CICT’s sustainability efforts and takes these ESG factors into consideration when determining its strategic direction and priorities. The CICTML Board also approves the executive compensation framework based on the principle of linking pay to performance. The Manager’s business plans are translated to both quantitative and BOARD STATEMENT qualitative performance targets, including sustainable corporate practices. Our sustainability performance has consistently been well-regarded by global indices such as FTSE4Good Index Series. The Manager will continue to identify and adopt meaningful ESG practices and enhance sustainability in the real estate sector.
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