CapitaLand Integrated Commercial Trust - Sustainability Report 2022


MISSION To deliver stable distributions and sustainable total returns to Unitholders PURPOSE Creating inspiring workplay environments and delightful experiences anchored by a strong ESG commitment VISION To be globally recognised as the premier commercial REIT and the largest proxy for Singapore’s commercial real estate VALUES Winning Mindset Integrity Respect Enterprising CapitaLand Integrated Commercial Trust (CICT or the Trust) is the first and largest real estate investment trust (REIT) listed on Singapore Exchange Securities Trading Limited (SGX-ST) with a market capitalisation of S$13.5 billion as at 31 December 2022. It debuted on SGX-ST as CapitaLand Mall Trust in July 2002 and was renamed CICT in November 2020 following the merger with CapitaLand Commercial Trust. CICT owns and invests in quality income-producing assets primarily used for commercial (including retail and/or office) purposes, located predominantly in Singapore. As the largest proxy for Singapore commercial real estate, CICT’s portfolio comprises 21 properties in Singapore, two properties in Frankfurt, Germany, and three properties in Sydney, Australia with a total property value of S$24.2 billion based on valuations of its proportionate interests in the portfolio as at 31 December 2022. CICT is managed by CapitaLand Integrated Commercial Trust Management Limited, a wholly owned subsidiary of CapitaLand Investment Limited (CLI), a leading global real estate investment manager with a strong Asia foothold.

2 About the Report 66 Framework, Commitments & Progress 36 Stakeholder Groups 68 TCFD 3 CEO Message 13 Framework, Commitments & Progress 20 Managing Environmental Footprint 71 Material Topics & Boundaries 5 Sustainability Highlights 6 Sustainability Approach 67 Financial 39 Health and Safety 34 Framework, Commitments & Progress 54 Our Shoppers & Tenants 15 Managing Climate Change 25 Social Integration 27 Operational Efficiency 72 Key ESG Data Summary 75 SASB Disclosure Index 77 GRI Content Index 82 UN Global Compact 41 Stakeholder Engagement Programmes 59 Our Employees 56 Our Investors 65 Our Suppliers Overview Governance Stakeholders & Communities Environment Contents References Sustainability is at the core of everythingwe do. We are committed to growing responsibly, delivering long-termeconomic value, and contributing to environmental and social well-being. TONY TAN TEE HIEONG Chief Executive Officer

InlinewithCapitaLandInvestment's (CLI) sustainability focus, CapitaLand Integrated Commercial Trust (CICT) has been incorporating its environmental, social and governance (ESG) performance in its annual report. Reinforcing our commitment to sustainability, CICT started its standalone Sustainability Report for financial year 2022 (FY 2022), which aims to provide a comprehensive overview of CICT’s approach in integrating sustainability into its policies, structure, management, and operations, as well as stakeholder engagement. International Standards and Guidelines This report is prepared in accordance with the Global Reporting Initiative (GRI) Standards 2021. This report discloses its risk management framework based on the Monetary Authority Singapore (MAS) Guidelines on Environmental Risk Management for Asset Managers and is also in compliance with the Singapore Exchange Securities Trading Limited’s (SGX-ST) Listing Manual Rules 711A and 711B. The GRI Standards has been selected as it is an internationally recognised sustainability reporting framework that covers a comprehensive range of sustainability disclosures relevant to CICT’s business. This Report has also incorporated elements of the Value Reporting Foundation Integrated Reporting Framework and references the United Nations Sustainable Development Goals (UN SDGs). In this Report, CICT has also provided a work-in-progress update under the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) and references the SustainabilityAccounting Standards Board (SASB) real estate sector-specific standards. Reporting Scope and Period As a CLI-sponsored Real Estate Investment Trust (REIT), CICT is managed externally by wholly owned subsidiaries of CLI which include the Manager (CICTML) and Property Managers who oversee the daily property operations. The Manager and Property Managers are responsible for the Trust, property and portfolio operations of CICT, and their respective teams are identified as employees of the Trust. This Report covers CICT’s portfolio for the financial period from 1 January 2022 to 31 December 2022, unless otherwise indicated. As at 31 December 2022, CICT’s portfolio comprises 21 properties in Singapore, two in Frankfurt, Germany and three in Sydney, Australia. In 2022, CICT completed the divestment of JCube on 10 March 2022 and the acquisitions of 66 Goulburn Street and 100 Arthur Street on 24 March 2022, 70.0% interest in CapitaSky on 27 April 2022, and 50.0% interest in 101-103Miller Street and Greenwood Plaza on 21 June 2022. Taking guidance from the operational control as defined by the Greenhouse Gas (GHG) Protocol1 Corporate Standard, the environmental performance of 22 Singapore properties comprising 11 retail properties, six office properties and five integrated developments which are under operational control havebeen covered in this Report. Theseproperties are: RETAIL: Bedok Mall, Bugis+, Bugis Junction, Bukit Panjang Plaza, CQ @ Clarke Quay, IMM Building, Junction 8, Lot One Shoppers' Mall, Tampines Mall, Westgate, JCube (divested on 10 March 2022) OFFICE: Asia Square Tower 2, CapitaGreen, Capital Tower, CapitaSky (acquired 70.0% interest on 27 April 2022), Six Battery Road, which completed its AEI in September and 21 Collyer Quay INTEGRATED DEVELOPMENT: CapitaSpring (45.0% interest), Funan, Raffles City Singapore, Plaza Singapura, The Atrium@Orchard CICT reports the energy andwater consumption and waste generation of the five overseas properties, where available, while the other environmental metrics are being tracked and monitored internally. The Sponsor, CLI, is obtaining external assurance over its performance data and the Manager’s performancedata is includedas part of the Sponsor’s external assurance engagement. The Sustainability Report 2022 is to be read in conjunction with Annual Report 2022 which can be accessed via In line with CLI’s commitment to environmental sustainability, the SR is only available online and not printed. Feedback The Manager welcomes feedback as it continuously improves CICT’s sustainability performance and reporting. Stakeholders with questions or feedback are welcome to send them to 1 This is developed by the World Resources Institute (WRI) and World Business Council for Sustainable Development (WBCSD), which sets the global standard on how to measure, manage and report greenhouse gas emissions. CapitaLand Integrated Commercial Trust 2 About this Report

Dear Stakeholders, I am pleased to share CICT's Sustainability Report 2022, which provides an overview of our progressive strategicapproachandachievements in integrating sustainability into the way we do business. We are committed to continually improve reporting standards in line with recommendations by the Global Reporting Initiative and the Task Force on Climate-Related Financial Disclosures. We focus on eight key United Nations Sustainable Development Goals most aligned with CapitaLand’s 2030 Sustainability Master Plan (SMP). COMMITMENTTONET ZERO One of the key focus areas of the SMP is building the resilience of assets through decarbonisation efforts to mitigate climate change. CICT is aligned with CapitaLand Investment’s (CLI) science-based targets set out in the 2030 SMP that is in line with a 1.5°C scenario1, which will translate to Net Zero by 2050, and enhance its focus on social indicators. Our commitment to Net Zero is a group-wide initiative, from Board to management and employees. This means that the remuneration of management and employees is tied to sustainability performance targets in addition to financial targets. We will continue to innovate and leverage technologies to accelerate our transition to Net Zero. We strive to achieve this by improving operational efficiency, resource allocation and, where possible, using renewable energy in our properties. FORGINGTOWARDS 2030 TARGETS We adopt a holistic approach to identify and mitigate our carbon footprint across the real estate life cycle, including investment and operations, which is in line with the CapitaLand Sustainable Building Guidelines. For example, each property’s green journey will be evaluated for all new investments. CICT also adopts CLI's internal carbon price, which was implemented in 2021, to quantify climate-related risks and opportunities. In addition, we look to achieve a 100% green-rated portfolio for our operational properties by 2030. As we plan for green capital expenditure in asset plans, we will strive to achieve a balance between greening assets and revenue generation. In our drive to achieve Net Zero, we leveraged CapitaLand Sustainability X Challenge (CSXC), which was inaugurated in 2020. This global sustainability-focused initiative welcomes emerging and innovative technological solutions globally to address environmental challenges and drive decarbonisation. We have since initiated two pilot projects in selected properties from CSXC 2021, where testing is still ongoing. In CSXC 2022, we identified two other winning innovations relating to water leak detection and optimisation of water meter accuracy which will be tested at our properties. In addition, we have expanded our recycling efforts to food waste management and implemented trials for food waste treatment to produce bio-organic fertiliser and grey water at Tampines Mall and Funan. Operationally, we are exploring more renewable sources of energy. As part of our efforts to implement the photovoltaic system at IMM Building, 3,633 solar panels (11,960 sq m) have been installed on the roof of IMM Building in December 2022. Another 672 solar panels (1,760 sq m) will be installed in the second phase of this project in 1H 2023. Together, the estimated annual renewable energy to be generated is approximately 2.9 GWh. Phase 1 installation of solar panels at IMM Building We established a Green Finance Framework in February 2022 that outlines the criteria and guidelines which underpin CICT's green financing transactions. As of 31 December 2022, about 30% of CICT's group borrowings are sustainability-linked or green financing. 1 To operationalise its SBTi-approved carbon emissions reduction target for scope 1 and 2 emissions, CLI is reviewing its carbon emissions intensity reduction targets and other environment targets, including changing reference to 2019 as the baseline year instead of 2008. The targets are being reviewed as part of the scheduled review of CapitaLand’s 2030 SMP in 2022 and will be published before end May 2023. Integrated Sustainability Report 2022 3 CEO Message

BUILDINGAN INCLUSIVE AND SAFE ENVIRONMENT At CICT, we embrace fairness, diversity and inclusivity. Aligned with CLI, we are committed to the 10 principles of the United Nations Global Compact, which underpin the way we do business. CICT adopts the CapitaLand Supply Chain Code of Conduct, which sets out the requirements for business integrity and ethics, such as anti-bribery and corruption, labour laws and human rights, health and safety, and environmental management. In 2022, 100% of our contractors and vendors had committed to abide by CapitaLand’s Supply Chain Code of Conduct. Diverse talents power our workplace, and we were ranked in the Top 10 in Singapore for Gender Equality in 2022 by Equileap. In 2022, 57% of our employees are female and 62% of our management team are female. Employees between the 30 and 50 age group accounted for 65% of the workforce. Employee training and development are key to building a future-ready workforce. Our employees achieved more than 13,430 training hours in 2022, a win-win for CICT and employees. our properties. In addition, we have rolled out 75 electric vehicle charging stations in our portfolio in collaboration with Singapore Power Mobility and Bluecharge. End-of-trip facilities are also provided for tenants who cycle to work in some properties where they can enjoy the convenience of bicycle parking, basic bicycle maintenance and shower facilities. End-of-trip facilities at CapitaSky Staff attended the CLI Listed Funds Symposium 2022 for a day of cross-sharing and learning Enhancing the occupational health and safety of our stakeholders is integral to our business. Health and safety continue to be a key part of our sustainability initiatives and community activities that ensures our stakeholders and communities benefit from the use of our properties. To encourage greener transportation modes, we have allocated around 1,000 bicycle bays and green parking lots with charging stations across SUSTAINABILITY STEWARDSHIP Sustainability is at the core of everything we do. We are committed to growing responsibly, delivering long-term economic value, and contributing to environmental and social well-being. As we forge ahead, dealing with climate change remains an essential component of our work, whether in strategy development, decision making or enterprise risk management. We will continually strengthen sustainability stewardship with our Sustainability Committee, which comprises senior management and diverse representatives in the organisation. As sustainability requirements evolve, we will regularly review and adapt our strategies to ensure we stay nimble and progress towards our targets. The milestones that we have achieved in our sustainability efforts would not have been possible without all our stakeholders, who have been supporting us in our ambition. Thank you. TONY TAN TEE HIEONG Chief Executive Officer CapitaLand Integrated Commercial Trust 4 CEO Message

Energy Consumption Intensity Carbon Emissions Intensity Water Consumption Intensity Recycling Rate in day-to-dayoperations GRESB 5 Star rated and ‘A’ for public disclosure Constituent of the FTSE4Good Index Series for 16 consecutive years Green Rating 99% of portfolio by GFA Total Employee ESG Training Hours > 4,700 Female Representation in Senior Management Level 78% Recycled Water 37.6% of total water consumption Investor Engagements ~600 institutional investors from 400 local and global companies E-Waste Collection 19.6 tonnes collected Community Engagement Events - Let’s Get Down to Earth - Project Green at Raffles City Singapore Ranked Top 10 in Singapore for Gender Equality in 2022 Rated 11.6 - Low Risk and included in the 2023 Top-Rated ESG Companies List by Sustainalytics CDP Climate Change Scored B for 4 consecutive years Total Employee Volunteer Hours >1,800 ALL Term contractors are minimally bizSAFE Level 3 certified at point of contract award MOVING TOWARDS OUR 2030 TARGETS Aligned with CapitaLand's commitment to Net Zero by 2050 and elevate carbon emissions reduction target to 1.5°C scenario1 AFFIRMATION OF ESG COMMITMENT BY INDEPENDENT THIRD PARTIES COMMITMENT TOWARDS SOCIAL GOOD AND STAKEHOLDER ENGAGEMENT CERTIFICATE OF MEMBERSHIP This is to certify that CapitaLand Integrated Commercial Trust is a constituent company in the FTSE4Good Index Series June 2022 Building Portfolio Resilience and Resource Efficiency 35% 31.3% 78% 49.9% 45% 35.4% 25% 8.4% 2022 Progress 2030 Targets Compared to base year 2008 1 To operationalise its SBTi approved carbon emissions reduction target for scope 1 and 2 emissions, CLI is reviewing its carbon emissions intensity reduction targets andother environment targets, includingchanging reference to 2019 as thebaselineyear insteadof 2008. The targets arebeing reviewedas part of the scheduled reviewofCapitaLand's 2030 SustainabilityMaster Plan in 2022 andwill be publishedbefore endMay 2023. Integrated Sustainability Report 2022 5 Sustainability Highlights

BOARD STATEMENT At CICT, sustainability is at the core of everything we do. We are committed to growing in a responsible manner, delivering long-term economic value, and contributing to the environmental and social well-being of our communities. The material environmental, social and governance (ESG) factors have been identified with set targets for 2030, in alignment with CapitaLand 2030 Sustainability Master Plan (SMP). This will be reviewed by the Board of the Manager of CICT together with management every two years. CICT’s ESG plan steers our efforts on a common course to maximise impact through building a resilient and resource-efficient real estate portfolio, enabling thriving and futureadaptive communities, and accelerating sustainability innovation and collaboration. Ambitious ESG targets have been set by CapitaLand and adopted throughout the organisation including CICT and these targets include carbon emissions reduction targets validated by the Science Based Targets initiative (SBTi). Following the Group’s first scheduled review in 2022, the SMP targets have been revised to include SBTi-approved targets in line with a 1.5˚C scenario1, Net Zero commitment, and enhanced focus on social indicators. TheBoardoftheManagerofCICT is responsible for overseeing the Trust’s sustainability efforts and takes these ESG factors into consideration in determining its strategic direction and priorities. The 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 qualitative performance targets, including sustainable corporate practices. CAPITALAND 2030 SUSTAINABILITY MASTER PLAN CICT’s sustainability targets are set, and efforts are guided by CapitaLand Investment (CLI) as a CLIsponsored real estate investment trust (REIT). The Manager and the Property Managers who oversee the operations of CICT abide by CapitaLand’s sustainability framework, policies and guidelines, as well as ethics and code of business conduct. CICT is alignedwith CapitaLand's 2030 SMP unveiled in 2020 to elevate the Group’s commitment to global sustainability in the built environment. The SMP drives CapitaLand’s sustainability efforts in the ESG pillars, enabling the Group to create a larger positive impact for the environment and society. CapitaLand’s 2030 SMP is regularly reviewed where necessary to complement the group’s business strategy and align with climate science. The first scheduled review in 2022 is in progress and the outcome will be published before end-May 2023. COMMITMENTAND INVOLVEMENT OF CLI AND CICTML BOARDS, MANAGEMENTAND STAFF Role of CLI Board, Management and Staff CLI group-wide sustainability management comes under the purview of a CLI Board Committee - the Strategy and Sustainability Committee (SSC). The CLI SSC, chaired by Lead Independent Director, is responsible for overseeing sustainability strategies and goals including providing guidance to management and monitoring progress against achieving the goals of any sustainability initiatives in 2022. It is supported by the Group Sustainability Office and various work teams to drive continued progress and improvement in the areas of ESG. The work teams comprise representatives from CLI business units and corporate functions. This governance is cascaded from the Group level to CICT level through CICT’s Sustainability Committee. As Head of the business unit, the CEO of Retail and Workspace, CLI, oversees the Property Managers, which have their own Environmental, Health and Safety (EHS) Committee. The Property Managers have an Engineering, Systems and Sustainability team whose role includes integrating sustainability into operations. SUSTAINABILITY COMMITMENT 1 To operationalise its SBTi-approved carbon emissions reduction target for scope 1 and 2 emissions, CLI is reviewing its carbon emissions intensity reduction targets and other environment targets, including changing reference to 2019 as the baseline year instead of 2008. The targets are being reviewed as part of the scheduled review of CapitaLand’s 2030 SMP in 2022 and will be published before end May 2023. CapitaLand Integrated Commercial Trust 6 Sustainability Approach

Sustainability Committee Chairman: CEO Management Team: • Portfolio Management • Investment • Finance • Investor Relations Focus: Management and implementation of CICT’s sustainability objectives and strategies Working Committee Representatives: • PortfolioManagement • Investment • Finance • Investor Relations • Asset Management • Property Management (including Engineering, Systems & Sustainability) CLI SUSTAINABILITY MANAGEMENT STRUCTURE CICT SUSTAINABILITY COMMITTEE Strategy and Sustainability Committee (Board Committee) Business Unit / REIT CEOs Business Unit / REIT Sustainability Committee CLI Senior Leadership Council (Comprising Senior Management) CLI Sustainability Management Committee CLI Board of Directors CICTML Board of Directors Staff Various Sustainability Work Teams Business units and corporate departments covering: • Environment, Health and Safety* • Investments, Asset Management • Enterprise Risk Management • Stakeholder Engagement • Innovation • Human Resource, Group Procurement, others Sustainability champions (accountable for business unit (BU) performance) Sustainability work teams include BU representatives Provide strategic oversight of ESG policies and integration Provide management oversight of ESG implementation Drive implementation of initiatives under ESG pillars * Including EHS Internal Audit committee and Environmental Tracking System (ETS) Committee Integrated Sustainability Report 2022 7

Roles and Responsibilities of CICT’s Sustainability Committee Roles and Responsibilities CEO and Executive Director • Responsible for decisions on ESG-related targets and engagements with stakeholders Portfolio Management • Works closely with Asset Management and Property Management teams to evaluate solutions relating to matters including green energy procurement, greening of the portfolio and related capital expenditure, and promoting workplace safety and health. • Engages with staff and investors for ESG matters Investment • Responsible for seeking growth opportunities with climate change impact as one of the assessment criteria Finance • Responsible for securing green financing and engaging with stakeholders such as bankers and debt investors Investor Relations • Responsible for engagements with stakeholders including investors and ESG rating agencies as well as ESG reporting matters Asset Management • Responsible for proposing solutions relating to matters including green energy procurement, greening of the portfolio and related capital expenditure. • Engages various internal stakeholders on ESG matters. Property Management • Engineering, Systems and Sustainability • Operations • Responsible for driving innovative ESG solutions and operational efficiency and processes, piloting CapitaLand Sustainability X Challenge initiatives roll-out, achieving target consumption savings, promoting workplace safety and health and engaging with staff, tenants, service providers and relevant government agencies for ESG matters. Role of CICTML Board, Management and Staff The Board of the Manager of CICT (the Board) considers sustainability issues as part of its strategic formulation, confirms the material ESG factors listed by the Manager and Property Managers and oversees the management and monitoring of the material ESG factors. The Board sets the Trust’s risk appetite, which determines the nature and extent of material risks that CICT is willing to take to achieve their strategic and business objective. As part of the material risk issues being highlighted, climate change has been identified as critical. The Board is actively involved in discussions on climate-related initiatives and regularly reviews climate change risks as part of its Enterprise Risk Management (ERM) Framework. The update to the Board is conducted at least twice a year at the quarterly or ad hoc Board meetings and covers relevant climate-related topics including CapitaLand 2030 SMP, green capital expenditure plan and review to sustain green rating of the properties, performance metrics such as carbon emissions performance, progress on the reduction targets, as well as stakeholders’ expectations on climate change. Any environmental incidents, which may include climate-related damages or disruptions, are also reported to the Board. As EHS factors are considered as part of the asset investment evaluation process and strategy, theyare presented to the Board where relevant. CICThasaSustainabilityCommitteechampionedby the CEO (also an Executive Director) of the Manager. This Sustainability Committee provides strategic oversight, drives initiatives and reporting related to climate-related risks and opportunities, as well as the broader environmental issues. The CEO of the Manager is responsible for CICT’s climate changerelated targets. A key objective of the Manager’s senior management is to transit to a low-carbon business that is aligned with climate science and to build a resilient and resource efficient portfolio. As part of these efforts, the directors of CICT Manager, senior management and relevant stakeholders will undergo training to further build capacity with respect to climate-related risk and opportunity management. The frequency and content of these capacity building trainings will be regularly reviewed to incorporate current and emerging issues relating to environmental risk management. CapitaLand Integrated Commercial Trust 8 Sustainability Approach

BOARD DIVERSITY The Board embraces diversity and has formally adopted a Board Diversity Policy. The Board Diversity Policy provides for the Board to comprise talented and dedicated Directors with a diverse mix of expertise, experience, perspectives, skills and backgrounds, with due consideration to diversity factors. The Board believes in diversity and values the benefits that diversity can bring to the Board in its deliberations by avoiding groupthink and fostering constructive debate. Diversity enhances the Board’s decision-making capability and ensures that the Manager has the opportunity to benefit from all available talent and perspectives, which is essential to the effective governance of CICT's business and for ensuring long-term sustainable growth. The Nominating and Remuneration Committee (NRC), in carrying out its duties of determining the optimal composition of the Board in its Board renewal process and addressing Board vacancies, considers, amongst others, achieving an appropriate level of diversity in the Board composition having regard to diversity factors such as age, educational, business and professional backgrounds of itsmembers. Gender diversity is also considered an important aspect of diversity. There has been an increase in female representation on the Board in FY 2022 and progressively over the past financial years. For more information, please refer to the Corporate Governance Report in Annual Report 2022. MEASURED AGAINST GLOBAL BENCHMARKS CLI and CICT remain guided by externally validated international standards and frameworks in our sustainability reporting and will strive to continue enhancing our disclosures. CICT’s Sustainability Report 2022 has been prepared in accordance with the Global Reporting Initiative (GRI) Standards, aligned with GRESB with references to Value Reporting Foundation Integrated Reporting Framework and United Nations Sustainable Development Goals (UN SDGs). CICT has also started a work-in-progress update under the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) in FY 2021 as well as the Sustainability Accounting Standards Board (SASB) real estate sector-specific standards in FY 2022. CICT relies on CLI, a signatory to the United Nations (UN) Global Compact, and CLI’s Communication on Progress for FY 2022 will be made available at when published. In February 2023, CLI has also become a signatory of the UN-supported Principles of Responsible Investing (UN PRI), as part of our commitment to investing responsibly. As a testament of our efforts to strengthen ESG standards and improve disclosures, CICT is listed in ESG indices such as FTSE4Good Index Series, iEdge ESG Leaders Index and iEdge ESGTransparency Index. MATERIALITY In line with CLI, the Manager and Property Managers have a regular review, assessment and feedback process in relation to ESG topics. One key avenue is the annual groupwide Risk and Control SelfAssessment exercise, which entails the identification, assessment and documentation of material risks and corresponding internal controls. Thesematerial risks include fraud and corruption, environmental (e.g. climate change), health and safety, and human capital risks which are ESG-relevant. More information can be found under Risk Management in the Annual Report 2022. Guided by CapitaLand’s 2030 SMP to elevate the group's commitment to global sustainability, CLI and CICT identifies and reviews material issues that are most relevant and significant to the company and its stakeholders. These ESG material issues are assessed and prioritised based on the likelihood and potential impact of issues affecting the business continuity of CLI and CICT. For external stakeholders, priority is given to issues important to the community and applicable to CLI and CICT. For more details, please refer to the Material Topics and Boundaries in the Sustainability Report 2022. Integrated Sustainability Report 2022 9

2 CapitaLand’s 2030 SMP is regularly reviewed where necessary to complement the group’s business strategy and align with climate science. The first scheduled review in 2022 is in progress and will be published before end-May 2023. 3 Covers owned and managed properties by gross floor area. PRIORITISATION OF ESGMATERIAL ISSUES Environment Social Governance Critical • Climate change and carbon reduction • Energy efficiency • Water management • Occupational health and safety • Human capital • Stakeholder engagement • Products and services • Supply chain management • Diversity (Board and staff) • Risk management • Business ethics Moderate and Emerging • Waste management • Biodiversity • Human rights Creating Value and Alignment to United Nations Sustainable Development Goals (UN SDGs) CICT’s material ESG issues and the value created, aligned to CapitaLand’s 2030 SMP focus areas and commitments2, are mapped to CICT’s resources – Financial, Organisational, Properties, Environment, and Stakeholders & Communities. This is further mapped against eight UN SDGs that are most aligned with CapitaLand’s 2030 SMP focus areas, and where CICT can achieve the greatest positive impact. The UN SDGs call on companies everywhere to advance sustainable development through the investments theymake, the solutions theydevelop, and the business practices theyadopt. In doing so, the goals encourage companies to reduce their negative impacts while enhancing their positive contributions to the sustainable development agenda. Areas of Focus CICT’s Commitments Resources and UN SDGs supported Low-carbon Transition • Transit to low-carbon business and reduce energy consumption through improved energy efficiency and increase use of renewable energy • Green global operational portfolio by 20303 • Strengthen climate resilience of portfolio by addressing climate-related risks and opportunities throughout the real estate life cycle Environment Properties Water Conservation and Resilience • Reduce water consumption, reuse water and prevent water pollution Waste Management and Circular Economy • Achieve higher recycling rate in its day-to-day operations Sustainable Innovation and Technology • Actively embrace innovation to ensure commercial viability without compromising the environment for future generations • Adopt CapitaLand’s Supply Chain Code of Conduct, which influences its supply chain to operate responsibly in the area of environmental management ENVIRONMENT CapitaLand Integrated Commercial Trust 10 Sustainability Approach

Areas of Focus CICT’s Commitments Resources and UN SDGs supported Dynamic Human Capital • Regardless of ethnicity, age or gender, staff can make a significant contribution based on their talent, expertise and experience. Adopt consistent, equitable, and fair labour policies and practices in rewarding as well as developing staff Stakeholders & Communities Properties Healthy and Safe Buildings • Aim to provide a work environment that is safe and contributes to the general well-being of its staff, tenants, contractors, suppliers and the communities that use its properties Proactive Customer Relationship Management • Commit to activities that are aligned with its focus on community investment. Engage stakeholders to raise awareness in the areas of environment, health and safety, as well as promote sustainability within the tenant community Robust Supply Chain Management • Adopt CapitaLand’s Supply Chain Code of Conduct, which influences its supply chain to operate responsibly in the areas of human rights, health and safety Sustainable Operational Excellence • Maintain ISO 14001 for Environmental Management System and ISO 45001 for Occupational Health and Safety Management System Stakeholders & Communities Organisational Compliance and Training • Upkeep high standards of corporate governance and ensure vigilant compliance and risk management • Adopt CapitaLand’s Supply Chain Code of Conduct, which influences its supply chain to operate responsibly in the areas of anti-corruption • Require third party service providers and vendors to adhere to anti-bribery and anti-corruption provisions SOCIAL GOVERNANCE Integrated Sustainability Report 2022 11

OUR VALUE DRIVERS OUR RESOURCES HOWWE CREATE VALUE • Organic growth • Asset enhancement initiatives and redevelopment • Portfolio reconstitution • Acquisitions • Cost and capital management • Upkeep high standards of corporate governance • Ensure vigilant compliance and risk management • Encourage learning and development • Maximise potential and enhance portfolio • Enhance accessibility (social integration) • Embrace innovation • Manage resources efficiently • Upkeep green buildings • Ensure climate change resilience • Create delightful customer experience • Engage stakeholders regularly • Ensure health and safety FINANCIAL ORGANISATIONAL PROPERTIES ENVIRONMENT STAKEHOLDERS & COMMUNITIES INVEST/ DIVEST MANAGE GROW CapitaLand Integrated Commercial Trust 12 Business Model

• Identify opportunities to deliver long-term sustainable benefits • Reduce carbon emissions and transit to lowcarbon business • Strengthen portfolio resilience against the physical impact of climate change and changing regulations to a low-carbon economy • Reduce energy consumption and transit to renewable energy sources • Reduce water consumption, encourage use of recycled water and rainwater harvesting • Minimise generation of waste and increase rate of recycling • Manage biodiversity to contribute positively to the natural environment • Engage stakeholders to be environmentally responsible • REIT and BU CEOs are Sustainability Champions • CICT Sustainability Committee discusses issues and make recommendations for decisions impacting environment aspects of business and operations • Performance tracked via the online CLI Environmental Tracking System (ETS) • ISO 14001-certified Environmental Management System (EMS) ensures accountability of relevant managers and staff • Key performance targets linked to remuneration for all staff • Collaborate with non-governmental organisations (NGOs) • Require ISO 14001 certification for main contractors and prefer ISO 14001 certification for all vendors • Share CLI’s EHS policy with suppliers and service providers • Encourage stakeholders, including tenants, shoppers and the general community, to adopt environmentally sustainable habits Environmental Management System (EMS) • Ensure legal compliance • Identify environmental aspects and manage impact • Adopt Sustainable Building Guidelines – includes the Environment, Health and Safety Impact Assessment (EHS IA) and stakeholder consultation • Appoint minimally ISO 14001-certified main contractors or conduct EMS legal compliance on-site • Ensure environmentally sustainable operations – implement EMS Standard Operating Procedures Key Performance Indicators and Performance-linked Remuneration • Set green rating targets for new buildings and major refurbishments • Green existing property portfolio • Set eco-efficiency targets and improve performance through tracking of energy and water usage, waste generation and carbon emissions • Engage stakeholders Environmental, Health and Safety Policy Sustainable Building Guidelines CLIMATE CHANGE AND ENERGY WATER WASTE BIODIVERSITY MATERIAL ISSUES POLICY OBJECTIVES ACCOUNTABILITY APPROACH & IMPLEMENTATION STAKEHOLDER ENGAGEMENT Integrated Sustainability Report 2022 13 Environment Environment Framework

Areas of Focus 2022 Performance 2030 Targets and Commitments Low-carbon Transition • 49.9% reduction in carbon emissions intensity compared to base year 2008 • Continue to enhance disclosures of the TCFD recommendations Reduce carbon emissions intensity by 78%1 • 31.3% reduction in energy consumption intensity compared to base year 2008 Reduce energy consumption intensity by 35%1 • 70,400 kWh of renewable energy generated, making up 0.04% of total energy consumption 35% of total energy consumption from renewable sources • 99% of CICT portfolio by GFA are minimally BCA Green Mark certified or equivalent Green global operational portfolio2 and achieve a minimum green rating Water Conservation and Resilience • 35.4% reduction in water consumption intensity compared to base year 2008 Reduce water consumption intensity by 45%1 Waste Management and Circular Economy • 8.4% recycling rate • More than 1.5 million drink containers collected at the reverse vending machines in 11 malls Achieve 25% recycling rate in its day-to-day operations Sustainable Innovation and Technology • Piloting four innovative projects in CICT properties from CapitaLand Sustainability X Challenge since 2021 Actively embrace innovation to ensure commercial viability without compromising the environment for future generations Sustainable Operation Excellence • Maintained ISO 14001 for Environmental Management System (EMS) • EMS is externally audited annually, providing assurance to top management and external investors on CICT's compliance and alignment to best practices Obtain ISO 14001 certification for its EMS 1 Using 2008 as baseline 2 Covers owned and managed properties by gross floor area ENVIRONMENT GOVERNANCE CapitaLand Integrated Commercial Trust 14 Commitments & Progress Environment

Summary of CICT’s TCFD-Aligned Actions Progress in FY 2022 Governance Implementation of TCFD Reporting Started in Annual Report 2021 Board, Management and Staff Commitment and Management Structure Established Board oversight in ESG strategies and issues Established Board andmanagement training to build capacity in climate-related issues Established Strategy Alignment to CapitaLand 2030 Sustainability Master Plan (SMP) Established Identification and assessment of climate-related risk and opportunities using a life cycle approach and climate scenario analysis Ongoing Risk Management Conduct annual trust-wide Risk and Control Self Assessment exercise Established Metrics & Targets Commitment to Net Zero ambition by 2050 and elevated science-based target for Scope 1 and Scope 2 carbon emissions for a 1.5°C scenario2 Established Public disclosures of climate-related metrics and targets, and performance data Ongoing CICT'S TASKFORCE FOR CLIMATE-RELATED FINANCIAL DISCLOSURE1 (TCFD) The Singapore Exchange mandate introduced in December 2021 requires all issuers to provide climate reporting that is aligned to the recommendations of TCFD in their sustainability reports from financial year 2024. CICT is closely aligned to CLI’s reporting and is committed to continue to enhance disclosures of the TCFD recommendations. For more details, please refer to the TCFD section in this Sustainability Report. 1 TCFD was created by the Financial Stability Board, an international body set up by the G20. It recommended a framework to give investors, lenders and underwriters greater clarity on how to future-proof a company and is an attempt to move climate-related issues into the mainstream of financial filings. 2 To operationalise its SBTi approved carbon emissions reduction target for scope 1 and 2 emissions, CLI is reviewing its carbon emissions intensity reduction targets and other environment targets, including changing reference to 2019 as the baseline year instead of 2008. The targets are being reviewed as part of the scheduled review of CapitaLand Group’s 2030 SMP in 2022 and will be published before end May 2023. STRATEGY As a CLI-sponsored REIT, CICT’s identified ESG issues are aligned and adapted from CLI’s list. The selected ESG issues have been deemed material and applicable to CICT’s business and operations and will be guided by CLI and CICT’s regular review, assessment and feedback process of ESG topics moving forward. Since 2016, climate change and emissions reduction are 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 transition risks. Physical risks are a result of climate change and can be acute or chronic in climate patterns, such as rising sea levels, violent storms, long intense heat waves, flash floods and freshwater depletion. Transition risks result from a transition to a lower-carbon economy, which could entail potentially more stringent regulations and increased expectations from customers and stakeholders. In line with CLI, CICT'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 or divestment. Integrated Sustainability Report 2022 15 Managing Climate Change

As part of the 2030 SMP implementation, CICT generally considers short-term to medium-term time frames to be until 2030, and long-term beyond 2030 in relation to the identification of climate-related risks and opportunities. CLI and its REITs, including CICT, commenced its climate scenario analysis in 2022 for its global portfolio to understand how the identified climate-related risks and opportunities could impact future operations. This analysis considers scenarios based on the latest global and scientific developments (scenarios from 1.5 ̊C to 3 ̊C for current to long-term time frames), to draw conclusions on the financially material physical and transition risks and validate its current strategy. CLI and the REITs will then review their mitigation and adaptation plans, and identify opportunities, in alignment with CapitaLand’s 2030 SMP. The SMP was designed to build resilience throughout CLI's operations and futureproof the real estate portfolio to guard against climate change risks and to avoid premature obsolescence and adopt available opportunities. Strategy to identify climate-related risks and opportunities – A Life Cycle 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 transition and physical risk and opportunity considerations. An internal shadow carbon price is also applied. Significant findings from the assessment would be incorporated in the investment paper submitted to CICTML Board for approval. Through the implementation of CLI’s Sustainable Building Guidelines (SBG), the aim is to identify and address the risks and opportunities of climate change right from the design stage. The local context of each project will be studied in detail, and appropriate measures will be taken into consideration with regards to adaptation of climate change. SBG also sets guidelines for buildings to be more energy efficient, e.g. setting green rating targets, specifying minimum equipment efficiency, and requiring the use of onsite renewable energy whenever possible. At the operational asset level, the CLI Environmental, Health and Safety Management System (EHSMS), which is audited by a third-party accredited certification body to ISO 14001 standard, serves to monitor transition risks relating to climate regulations via EHS legal registers updates and regular stakeholder engagements. Operational issues pertaining to climate change, energy and water are also identified and managed through the EHSMS to strengthen the climate resilience of the Trust’s portfolio. The CapitaLand 2030 SMP further outlines the targets and pathways for transition to a low-carbon business that is aligned with climate science. Energy use and carbon reduction targets, as well as green certification targets are set for its operational assets. Initiatives are put in place to improve the environmental performance, resilience and durability of its assets through system upgrades, system optimization, effective maintenance and changes to user behaviour. The continued achievement of high green building ratings as well as energy and water efficiency measures put in place to achieve the reduction targets would help to mitigate the impact of changing weather conditions. CapitaLand Integrated Commercial Trust 16 Environment Managing Climate Change

Key Physical Risk Scenarios Key Transition Risk and Opportunities Scenarios Geographical Coverage Time Horizon NGFS1 | 1.5°C | Orderly NGFS | 2°C | Orderly NGFS | 3°C | Hot House World (NDC2) CRREM3 | 1.5°C CRREM | 2°C NGFS | 3°C | SSP24 | Hot HouseWorld All assets* within operating regions specific to CICT: - Australia (AUS) - Germany (DEU) - Singapore 2050, 2100 1 The Network of Central Banks and Supervisors for Greening the Financial System (NGFS) 2 Nationally Determined Contributions (NDC) 3 Carbon Risk Real Estate Monitor (CRREM) 4 Shared Socioeconomic Pathways (SSP) *As of 31 December 2022 The analysis includes both quantitative and qualitative assessments. The quantitative assessments of potential financial impacts are being conducted based on available climate-related projections and assumptions under the abovementioned scenarios. Six physical risks, including fluvial flooding, coastal flooding, extreme heat, tropical cyclones, wildfires and extreme cold and one transition risk, shifts in carbon price, were assessed during the process. For other risk areas which are identified to be material, but difficult to quantify, such as changes in consumer and investor preferences, a qualitative assessment is conducted based on internal stakeholder consultation within CLI and CICT. Potential impacts of climate-related risks and opportunities assessed across the portfolio are identified under different scenarios, as shown in Table 1 and 2. CICT faces more exposure to physical risks under the 3°C scenario in the long term, as minimal transition policies are expected to be in place while the development of low-carbon technology or related market changes may be slower. Under the 1.5°C and 2°C scenarios, the Trust faces higher levels of transition risks as more stringent climate-related policies are expected to be introduced and implemented. The insights on both quantitative and qualitative assessments of the risks identified provides a basis for the next steps in understanding the severityof risk impacts across time horizons. SCENARIOANALYSIS ON FUTURE CLIMATE-RELATED RISKS AND OPPORTUNITIES The climate scenario analysis for CLI's global portfolio considered the parameters listed below: Table 1: Material Physical Risks Assessed under the 3°C Scenario Risk Type Primary Risk Driver Geography Potential Impacts Extreme heat Hot days and extreme heat could become more common and/or severe • AUS • SG • Increase in cooling demand leading to higher electricity costs Tropical cyclones Properties may face more frequent and severe tropical cyclone • DEU • SG • Higher chance of damage to specific asset locations that are tropical cyclone-prone • Increase in operating costs (e.g. business interruption) Extreme cold Cold days and extreme cold could become more common and/or severe • AUS • Increase in warming demand leading to higher electricity costs Integrated Sustainability Report 2022 17

Table 2: Material Transition Risks and Opportunities under 1.5°C Scenario Risk Type Primary Risk / Opportunity Driver Potential Impacts Shifts in carbon prices Carbon emissions are being priced through taxation or emissions trading schemes • Increase in operational costs associated with carbon pricing Changes in regulator expectations Regulators with more stringent polices and regulations around climate change for the buildings industry • More comprehensive disclosures expected on climate change actions and metrics Changes in customer expectations Consumer preferences could change and shift towards greener buildings • Increase in number of tenants seeking for assets with high-performing green credentials Shifts in electricity prices Growing adoption of renewable energy could drive changes in electricity costs • Increase in capital investment in renewable energy • Fluctuations in operating costs from electricity price variability Use of new technologies Investment in technologies for improving energy and water • Reduced exposure to increases in carbon price, electricity price and water price • Reduction in operating costs Increased demand for green products and services Shift in consumer preferences and development of low emissions goods and services • Increase in revenue by tapping on the green rental premium created by increased demand for sustainable buildings • Increase in asset value for low carbon buildings As an ongoing process, CLI and CICT will review and update, if appropriate, the processes associated with risk management in order to account for the material environmental and climate-related risks identified. Table 1: Material Physical Risks Assessed under the 3°C Scenario (cont'd) Risk Type Primary Risk Driver Geography Potential Impacts Fluvial flooding Water level rise of the river could occur due to excessive rain or snowmelt, leading to losses from assets located in high flood risk zones • DEU • SG • Increase in assets exposed to growing severity of river floods • Increase in operating costs (e.g. repair costs, business interruption) Wildfires Risk of wildfires could increase in extremely dry conditions, such as drought, and during high winds • AUS • SG • Increase in assets exposed to wildfires • Increase in operating costs (e.g. filtration demand, business interruption) Coastal flooding Properties in coastal areas may be exposed to steady and continuous sea level rise • SG • Increase in assets exposed to coastal flooding • Increase in capital expenditures to construct coastal defense and flood control infrastructure CapitaLand Integrated Commercial Trust 18 Environment Managing Climate Change