GOVERNANCE FRAMEWORK, COMMITMENT & PROGRESS Areas of Focus 2030 Targets & Commitments 2023 Performance Transparent Reporting • Ensure reporting is aligned to international standards such as TCFD and GRI with disciplined internal checks as well as external assurance of data by accredited bodies • CICT's SR 2023 is aligned to GRI Standards and GHG Protocol (operational control method), UN SDG Reporting, TCFD framework and SASB real estate sectorspecific standards • CICT relies on CLI's external assurance conducted annually for their GSR. The assured data covers the sustainability performance of CLI’s global operations and portfolio, which includes CICT's Singapore properties Risk Reporting • Ensure processes to identify, assess, and manage sustainability risks and opportunities in the short-, medium-, and long-term are integrated into overall ERM processes • Annual group-wide RCSA exercise requires BUs and corporate functions to identify, assess and document material risks which include ESG-related risks and opportunities, along with their key controls and mitigating measures • For more information on the RCSA exercise and risk management processes, please refer to Risk Management under the Governance section of this SR and the Risk Management section of the AR 2023 • Ensure sustainability risks and opportunities are managed in line with overall risk appetite and strategy • CICT is aligned with CLI’s revised 2030 SMP which was launched in May 2023 after a regular review to ensure that it remains relevant to the business strategy and is in accordance with climate science • Performance against the SMP targets and Balanced Scorecard targets is tracked and reported to the Board semi-annually Compliance • Uphold corporate governance standards with reference to the Code of Corporate Governance 2018 • Adhere to the highest standards of ethical conduct • Zero cases reported through the whistleblowing reporting mechanism Training • All licensed representatives of the Manager to fulfil mandatory training obligations • All of the Manager's licensed representatives completed the FBC e-learning courses • Over 892 training hours clocked by licensed representatives Sustainable Finance • Diversify funding sources with sustainable financing • Established Green Finance Framework in February 2022 • 41.8% of CICT's group total borrowings are sustainability-linked/green loan facilities and green bonds as at 31 December 2023 COMMITMENT & PROGRESS (CONT'D) 82 CAPITALAND INTEGRATED COMMERCIAL TRUST
RkJQdWJsaXNoZXIy NTkwNzg=