CapitaLand Integrated Commercial Trust - Sustainability Report 2023

Risk Type Primary Risk Driver Potential Impacts CICT's Risk Level in 3 scenarios (2030) Mitigation Measures 1.5°C 1.5°C 3°C Transition Risk Electricity price shifts 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 • CICT is aligned with CLI's targets and actions which include: - A renewable energy target, and a carbon emissions target which is validated by SBTi, for its portfolio. - Embarked on group procurement of green power purchase agreements for key markets. - Continually implement energy efficiency improvement initiatives at properties, where feasible. Opportunity Primary Driver Potential impacts Approach Use of new technologies including Proptech (property technology) to manage emissions Investment in technologies for improving energy and water Reduced exposure to regulations, carbon price, electricity price and water price increases Reduction in operating costs CLI continues to pilot new technologies in existing buildings and deploy sustainability innovations in its global portfolio, including CICT's portfolio via CIF. 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 Ongoing discussions with tenants to identify opportunities to support their carbon reduction commitments. Continuous assessment of green building certification for CICT's properties and adopting the necessary asset enhancements to align with the relevant/latest certification levels. Risk Level by thirdparty consultant None Negligible Moderate Significant Severe 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 RESULT OF ADDITIONAL ANALYSIS BY THIRD-PARTY CONSULTANT ON FUTURE TRANSITION RISKS AND OPPORTUNITIES (CONT'D) Overview Environment Social Governance References SUSTAINABILITY REPORT 2023 31

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