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 www.unglobalcompact.org 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
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