CapitaLand Integrated Commercial Trust - Sustainability Report 2022

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