CapitaLand Integrated Commercial Trust - Sustainability Report 2022

INTRODUCTION CICT is making a 2022 progress update of its climate-related disclosure in line with Taskforce for ClimaterelatedFinancialDisclosure (TCFD) recommendations.CICT’ssponsorandsubstantial unitholder,CapitaLand Investment (CLI), had started to align its climate-related disclosures with TCFD recommendations in the four key areas of governance, strategy, risk management and metric and targets since 2017 and further declared its support for TCFD and its recommendations in 2019. As such, CICT is aligned to CLI’s reporting where applicable and is committed to continue aligning to TCFD recommendations. 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 monitoringofthematerial ESGfactors.TheBoard 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 Sustainability Master Plan (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 Environment, Health and Safety (EHS) factors are considered as part of the asset investment evaluation process and strategy, they are presented to the Board where relevant. CICT has a Sustainability Committee championed by the CEO (also an Executive Director) of the Manager. This Sustainability Committee provides strategic oversight, drives initiatives and reporting related to climaterelated risks and opportunities, as well as the broader environmental issues. The CEO of the Manager is responsible for CICT’s climate change-related 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. As Head of the business unit, the CEO of Retail and Workspace, CLI, oversees the Property Managers, which have their own Environment, Healthand Safety (EHS) Committee. The Property Managers have an Engineering, Systems and Sustainability team whose role includes integrating sustainability into operations. For full details, please refer to the Sustainability Approach in this Report for the CLI and CICT Sustainability Management Structure, Roles and Responsibilities. Governance CapitaLand Integrated Commercial Trust 68 TCFD