CapitaLand Integrated Commercial Trust - Sustainability Report 2023

CICT'S TASK FORCE ON CLIMATE-RELATED FINANCIAL DISCLOSURES1 Since 2019, CLI has pledged its support for the recommendations by the TCFD and has voluntarily reported some of its climate-related financial disclosures in four key areas (i. governance, ii. strategy, iii. risk management, and iv. metric and targets) since 2017. Aligned with CLI’s commitment and in compliance with regulations, CICT has progressively adopted the disclosures of the TCFD recommendations since 2021. We will continue to monitor the evolving requirements to climate-related disclosures as various standards and frameworks shift towards a more unified reporting. Disclaimer The purpose of this section is to provide climaterelated disclosures which contain information related to climate risks and opportunities, consistent with the TCFD recommendations. The information and opinions contained in this section are provided as of the date they are made and subject to change. This section contains forward-looking statements and statements of opinion. All statements, other than statements of historical fact, including without limitation, statements regarding the plans, strategies and objectives of management in relation to climate and CICT’s future performance, are forward-looking statements. Forward-looking statements are predictive in character and involve subjective judgement, assumptions and analysis, and can be subject to potentially significant risks, uncertainties and other factors, many of which are outside the control of, and are unknown to, CICT. Other unpredictable or unknown factors not discussed in this section could also have material adverse effects on forward-looking Summary of CICT’s TCFD-Aligned Actions Progress in FY 2023 GOVERNANCE – See Sustainability Approach section of this SR 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 and management training to build capacity in climate-related issues Established STRATEGY - See Sustainability Approach section of this SR Alignment to CLI 2030 SMP and commitment Established Identification and assessment of climate-related risks and opportunities using a life cycle approach and climate scenario analysis Established RISK MANAGEMENT – See Risk Management section of this SR and AR 2023 Conduct annual trust-wide RCSA exercise Established METRICS & TARGETS – See Operational Efficiency section of this SR 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 scenario Established Public disclosures of climate-related metrics and targets, and performance data Established 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. statements. CICT does not undertake any obligation to publicly release the result of any revisions to these forward-looking statements to reflect events or circumstances after the date hereof to reflect the occurrence of unanticipated events. Users of this report are cautioned not to place undue reliance on such statements, particularly in light of the longterm horizon which this report discusses and the inherent uncertainty in possible policy, market and technological developments in the future. CICT will continue to publish relevant climate-related disclosures in its future sustainability reports and users of this report are advised to check its website for the latest published report. There are also limitations with respect to climate scenario analysis which was derived from a third party platform. The degree of potential risk identified in this platform does not consider mitigation or adaptation strategies that may be in place or are being implemented at the portfolio or specific asset. It also does not consider planned mitigation or adaptation strategies at the country level. This analysis ENVIRONMENT MANAGING CLIMATE CHANGE 24 CAPITALAND INTEGRATED COMMERCIAL TRUST

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