CapitaLand Integrated Commercial Trust - Sustainability Report 2023


OUR MISSION OUR VISION OUR PURPOSE OUR VALUES To deliver stable distributions and sustainable total returns to Unitholders Asia’s premier commercial REIT Creating inspiring work-play environments and delightful experiences anchored by a strong ESG commitment Winning Mindset Integrity Respect Enterprising CapitaLand Integrated Commercial Trust is the first and largest real estate investment trust listed on Singapore Exchange Securities Trading Limited (SGX-ST) with a market capitalisation of US$10.3 billion or S$13.7 billion as at 31 December 2023. It debuted on SGX-ST as CapitaLand Mall Trust in July 2002 and was renamed in November 2020 following the merger with CapitaLand Commercial Trust. As the largest proxy for Singapore commercial real estate, CICT owns and invests in quality income-producing assets primarily used for commercial (including retail and/or office) purpose, located predominantly in Singapore. CICT’s portfolio comprises 21 properties in Singapore, two properties in Frankfurt, Germany, and three properties in Sydney, Australia with a total property value of S$24.5 billion based on valuations of its proportionate interests in the portfolio as at 31 December 2023. CICT is managed by CapitaLand Integrated Commercial Trust Management Limited, a wholly owned subsidiary of CapitaLand Investment Limited, a leading global real estate investment manager with a strong Asia foothold.

To understand our shoppers’ needs, enhance their experiences and improve the appeal of our malls To be the landlord of choice by understanding our tenants’ needs and concerns To contribute to the communities and be a responsible corporate citizen To develop a high-performance work culture that embraces diversity and teamwork To provide timely and consistent communication to investors and be a choice investment To be a fair and reasonable buyer of goods and services and share industry best practices SUSTAINABILITY IS AT THE CORE OF EVERYTHINGWE D We will grow in a responsible manner, deliver long-term economic value, and contribute to the environmental and social well-being of our communities. For our SHOPPERS For our TENANTS For our COMMUNITIES For our EMPLOYEES For our INVESTORS For our SUPPLIERS Winning Mindset Respect Enterprising Integrity COMMITMENT TO OUR STAKEHOLDERS CORE VALUES SUSTAINABILITY REPORT 2023 1

GLOSSARY AEI : Asset Enhancement Initiative AR / AR 2023 : CICT's Annual Report 2023 BCA : Building and Construction Authority CapitaLand / CapitaLand Group / Group : CapitaLand and its subsidiaries CCT : CapitaLand Commercial Trust CICT : CapitaLand Integrated Commercial Trust CICT Group : CICT and its subsidiaries CICTML / Manager : CapitaLand Integrated Commercial Trust Management Limited, the manager of CapitaLand Integrated Commercial Trust CICTML Board / Board : Board of the Manager of CICT CLI / Sponsor : CapitaLand Investment Limited CMT : CapitaLand Mall Trust, renamed CICT after the merger with CapitaLand Commercial Trust CSXC : CapitaLand Sustainability X Challenge EHS : Environmental, Health and Safety EMS : Environmental Management System ESG : Environmental, Social and Governance ETS : Environmental Tracking System FY 2023 : Financial period from 1 January 2023 to 31 December 2023 GFA : Gloss Floor Area GHG : Greenhouse Gas GRI : Global Reporting Initiative KPIs : Key performance indicators OHS : Occupational Health and Safety REIT / SREIT : Real Estate Investment Trust / Singapore Real Estate Investment Trust SASB : Sustainability Accounting Standards Board SBG : CapitaLand's Sustainable Building Guidelines SBTi : Science Based Targets initiative SMP : CLI 2030 Sustainability Master Plan SOP : Standard operating procedure SR / SR 2023 : CICT's Sustainability Report 2023 TCFD : Task Force on Climate-related Financial Disclosures UN SDGs : United Nations Sustainable Development Goals Unitholders : Unitholders of CICT 2 CAPITALAND INTEGRATED COMMERCIAL TRUST

Governance 81 Framework, Commitment & Progress 83 Corporate Governance 87 Risk Management 90 Financial References 91 TCFD Recommendations 92 Material Topics & Boundaries 93 Key ESG Data Summary 96 SASB Disclosure Index 98 GRI Content Index 103 UN Global Compact Overview 4 About the Report 6 CEO Message 16 Sustainability Approach Environment 22 Framework, Commitment & Progress 24 Managing Climate Change 33 Managing Environmental Footprint 38 Operational Efficiency Social 46 Framework, Commitment & Progress 48 Health and Safety 51 Social Integration 57 Our Shoppers, Tenants & Communities 70 Our Investors 72 Our Employees 79 Our Suppliers CONTENTS Note: In this SR, any discrepancies between the listed figures and totals in the tables and charts are due to rounding. Where applicable, figures and percentages are rounded to one decimal place. SUSTAINABILITY REPORT 2023 3 Overview Environment Social Governance References

ABOUT THE REPORT INTERNATIONAL STANDARDS AND GUIDELINES This SR is prepared in accordance with the GRI Standards 2021 and aligns with Monetary Authority Singapore (MAS) Guidelines on Environmental Risk Management for Asset Managers and complies with the SGX-ST Listing Manual Rules 711A and 711B. CICT adopts the GRI Standards for this SR due to its global recognition and coverage of sustainability disclosures pertinent to CICT’s business. This SR also incorporates elements of the Value Reporting Foundation Integrated Reporting Framework, references the UN SDGs and SASB real estate sector-specific standards, and TCFD. BOARD STATEMENT At CICT, sustainability is at the coreof everythingwe do. We are committed to growing in a responsible manner, delivering long-term economic value, and contributing to the environmental and social well-being of our communities. The operations of CICT’s properties are managed by the property managers (whichmainly comprise subsidiaries of CLI), in accordance with the propertymanagement agreements. The material ESG factors have been identified with set targets for 2030, considering CICT’s business focus and in alignment with the CLI 2030 SMP. Advancing towards a common set of goals, the CICTML Board has reviewed and endorsed the material ESG factors put up by the management team. CICT’s ESG plan and targets steer our efforts on a common course to maximise impact through building portfolio resilience and resource efficiency, enabling thriving and future-adaptive communities, and stewarding responsible business conduct and governance. The CICTML Board is responsible for overseeing the CICT’s sustainability efforts and takes these ESG factors into consideration when determining its strategic direction and priorities. The CICTML Board also approves the executive compensation framework based on the principle of linking pay to performance. The Manager’s business plans are translated to both quantitative and qualitative performance targets, including sustainable corporate practices. Our sustainability performance has consistently been well-regarded by global indices such as FTSE4Good Index Series. The Manager will continue to identify and adopt meaningful ESG practices and enhance sustainability in the real estate sector. 4 CAPITALAND INTEGRATED COMMERCIAL TRUST

REPORTING SCOPE AND PERIOD As a CLI-sponsored REIT, CICT is externally managed by wholly owned subsidiaries of CLI, including CICTML and the property managers who oversee the daily property operations. CICTML and the property managers are responsible for the Trust, property and portfolio operations of CICT. Their respective teams are identified as employees of the Trust. However, non-executive members of the CICTML Board are not employees of the REIT. This report covers CICT’s portfolio for FY 2023, unless otherwise stated. As at 31 December 2023, CICT’s portfolio includes 21 properties in Singapore, two in Frankfurt, Germany, and three in Sydney, Australia. Guided by the operational control as defined by the GHG Protocol Corporate Standard which sets the global standard on how tomeasure, manage and report GHG emissions, this SR details the environmental performance of properties under CICT's operational control. They include the 21 operating properties in FEEDBACK The Manager welcomes feedback as it continuously improves CICT’s sustainability performance and reporting. Stakeholders with questions or feedback are welcome to send them to 10 Retail Properties • Bedok Mall • Bugis Junction • Bugis+ • Bukit Panjang Plaza • CQ @ Clarke Quay • IMM Building • Junction 8 • Lot One Shoppers' Mall • Tampines Mall • Westgate 10 Office Properties • Asia Square Tower 2 • CapitaGreen • Capital Tower • CapitaSky (70.0% interest) • Six Battery Road • 21 Collyer Quay • Gallileo (94.9% interest) • Main Airport Center (94.9% interest) • 101-103 Miller Street and Greenwood Plaza (50.0% interest) • 66 Goulburn Street • 100 Arthur Street Six Integrated Developments • CapitaSpring (45.0% interest) • Funan • Raffles City Singapore • Plaza Singapura • The Atrium@Orchard Singapore, which account for 93.7% of CICT's portfolio property value as at 31 December 2023. The overseas assets, which are third-party managed, comprise the Australia and Germany portfolios. This report covers their consumption data for energy, water and waste, as available at the time of reporting. Additional environmental metrics are being tracked and monitored internally. This SR has undergone a comprehensive internal review. The Sponsor, CLI, is obtaining external assurance, with reference to the International Standard on Assurance Engagements 3000 (ISAE 3000), for its 2023 performance data. CICTML’s properties and staff are included within the scope of CLI's external assurance engagement. This SR is to be read in conjunction with AR 2023 which can be accessed via In line with our commitment to environmental sustainability, this SR is not printed. SINGAPORE GERMANY AUSTRALIA Overview Environment Social Governance References SUSTAINABILITY REPORT 2023 5

CEO MESSAGE 1 Reviewed as part of its scheduled review of the CLI 2030 SMP in 2023. 2 Exclude Gallileo which is undergoing AEI, and 103 Miller Street which is exempted from certification. Dear Stakeholders, Sustainability is at the core of everything we do. From managing environmental footprint, to improving social integration and adhering to corporate governance practices, the way we do business impacts our environment and society. We are aligned with CLI, on our sustainability commitments outlined in the revised 2030 SMP. Managing climate change through portfolio resilience is the first pillar of the SMP, and one of the most pressing issues affecting the environment in Singapore and globally. To operationalise the SBTi-approved carbon emissions reduction target for scope 1 and 2 emissions, CLI has reviewed its carbon intensity reduction targets and other environmental targets1. CICT has adopted the new targets, including changing reference for the baseline year to 2019 from 2008. CLI and CICT are also working towards setting a target for scope 3 carbon emissions reduction to better track the group-wide material scope 3 emissions. For CICT, adopting a dynamic approach to drive ESG initiatives across our portfolio allows us to be nimble in coping with evolving climate issues. Our ESG initiatives underpin our sustainability strategy and can impact business growth. We have noticed a growing trend where investors measure an organisation’s sustainability efforts with ESG metrics when making financing decisions. Besides climate change, we are also focused on enabling thriving and future-adaptive communities, the second pillar of the SMP. Our ESG efforts include corporate governance, the third pillar of the SMP. TOWARDS A GREENER FUTURE The SMP highlights several pathways towards our 2030 targets and guide our efforts towards Net Zero initiatives. These included sourcing for green energy to achieve our renewable energy target of 45% in the revised SMP. While we are proactively engaging potential partners to secure green energy, our access remains limited to Singapore’s green energy plan, which aims to expand the availability of renewable energy sources within the country. The solar photovoltaic (PV) systemat IMM Building was successfully installed and has been fully operational since August 2023. With a peak power rating of 2,359 kWp, this PV system can generate an estimated 2.9 GWh of renewable energy annually, covering nearly 20% of the property's total annual landlord energy consumption. In Australia, our properties, 66 Goulburn Street and 100 Arthur Street, have procured green energy since 2023. This will contribute to a more sustainable environment and eliminate any scope 2 emissions. Besides adopting green energy usage, we are focused on greening our portfolio through AEIs and maintaining green ratings. In FY 2023, approximately 99%2 of our portfolio is green-rated. Greenwood Plaza in Australia is currently under review for a green rating. Meanwhile, we are targeting a minimum green rating of LEED Gold for Gallileo in Germany with its AEI commencing in 2024. Sustainability is a journey. We will continue to focus on driving meaningful and sustainable initiatives that make a difference. 6 CAPITALAND INTEGRATED COMMERCIAL TRUST

We continuously leverage our Green Finance Framework to fund projects which will deliver environmental benefits that support our sustainability efforts. As of 31 December 2023, approximately 41.8% of CICT's group borrowings are attributed to sustainability-linked or green financing. EYE ON INNOVATION We encourage fresh ideas from our employees to take our sustainability efforts to the next level by tapping on the CapitaLand Innovation Fund (CIF). Externally, CLI organises the annual CSXC to source sustainable technology solutions globally to accelerate the group-wide progress towards the SMP targets. CICT has initiated four pilot projects within the portfolio, of which one has been successfully concluded. Two more pilots are awaiting deployment in 2024. We will review and scale successful pilots across our portfolio to enhance resource efficiency. NURTURING OUR PEOPLE AND COMMUNITIES The CICTML Board advocates for diversity through its Board Diversity Policy, ensuring a blend of expertise, skills, experiences, and perspectives across gender, age, ethnicity, culture, and geographical backgrounds. Upholding CapitaLand's Diversity & Inclusion Policy, CICT fosters a diverse workplace and an inclusive culture across all business operations. Exemplifying our dedication to diversity across all organisational levels, the Board and management team comprise a female representation of 44% and 60%, respectively. CICTML's workforce, including property managers, also has a balanced gender representation with 51% female and 49% male as at 31 December 2023. Investing in employee growth, we allocate about 3% of our annual payroll to learning and development, with our employees dedicating almost 30,000 training hours in 2023. At CICT, we are commi tted to responsible environmental management and actively engaging our supply chain to uphold these standards. In 2023, 100% of our term contractors agreed to abide with CLI's Supply Chain Code of Conduct to operate responsibly in the areas of human rights, health and safety and anti-corruption. The health and safety of our stakeholders in our properties is a priority. Our primary focus is ensuring a secure environment and instilling a robust safety culture throughout the organisation. Beyond that, we organise events to strengthen the cohesiveness of the community, inject vibrancy and elevate our occupiers’ experience. We held over 220 successful events in 2023, including Oktober Fest and Live it up! events. COMMITMENT TO SOUND GOVERNANCE Fundamental to nurturing trust amongst our stakeholders, we stay attuned to their needs and focus on best practices in corporate governance. Ensuring transparent ESG measurement and disclosures, we adhere to global reporting frameworks and participate in global benchmarking exercises. We are heartened that our efforts to drive sustainability are recognised globally. We won the Singapore Corporate Governance Award 2023 at SIAS Investors' Choice Awards 2023. In addition, we maintained our GRESB 5 Star rating with a 3-point improvement and scored ‘A’ for public disclosure. Our accolades can be found under the Sustainability Highlights in this SR. In addition, sustainability targets continue to be an integral part of employees’ KPIs. This ensures that employees are aligned with CICT’s sustainability efforts. Sustainability is a journey. We will continue to focus on driving meaningful and sustainable initiatives that make a difference. We sincerely thank all employees for their hard work and dedication. To our partners, we thank you for your continued support. Tony Tan Tee Hieong Chief Executive Officer SUSTAINABILITY REPORT 2023 7 Overview Environment Social Governance References

BUSINESS MODEL Partnership Leadership Resilience Growth ENHANCE MANAGE INVEST/DIVEST SUSTAINABLE RETURNS HIGH STANDARDS OF GOVERNANCE & ACCOUNTABILITY QUALITY ASSETS & DIFFERENTIATED OFFERINGS PORTFOLIO RESILIENCE, RESOURCE EFFICIENCY & INNOVATION How We Create Value The Value We Create Our Competitive Advantage Our Resources Value Drivers Asset & Portfolio Management Investment & Divestment Capital Management Stakeholder Engagement ESG Management Our Mission & Vision TO BE ASIA’S PREMIER COMMERCIAL REIT AND DELIVER SUSTAINABLE RETURNS Financial • Net property income • Distributable income • Distribution per unit • Capital management & financial indicators People & Structure • Performance against benchmarks Properties • Portfolio occupancy • Tenant retention • Social integration Environment • Climate resilience • Resource efficiency & 2030 SMP Stakeholders & Communities • Customer experience • Stakeholder engagement • Health & safety Please see the Value Drivers section of the AR for details of the value we have created. PARTNEROF CHOICE, THRIVING COMMUNITIES & HIGH-PERFORMANCE CULTURE Overview Environment Social Governance References SUSTAINABILITY REPORT 2023 9 8 CAPITALAND INTEGRATED COMMERCIAL TRUST

SUSTAINABILITY HIGHLIGHTS EMBRACING THE TENETS OF SOUND CORPORATE GOVERNANCE ADVANCING OUR LOW CARBON TRANSITION 100% of CICTML Staff Completed Fraud, Bribery & Corruption Awareness Online Training Training Duration per Staff > 61 hours Female Representation in CICTML's Senior Management Level 67% Targets and Performance Carbon Emissions Intensity by 72%2 Absolute scope 1 & 2 GHG emissions by 46%2 Energy Consumption Intensity by 15%2 Water Consumption Intensity by 15%2 Waste Intensity in Daily Operations by 20%2 To Reduce Green Rating 99% of Portfolio by GFA3 1 CICT is working towards achieving the 2030 targets using 2019 as the baseline year. 2 To operationalise its SBTi-approved reduction targets, CLI revised its baseline year from 2008 to 2019 during the scheduled 2030 SMP review in 2023. Aligning with CLI, CICT has adopted 2019 as the baseline year. 3 Gallileo, which is undergoing AEI, and 103 Miller Street, which is exempted from certification, are excluded. 19% 10% 15% 15% 21% Recycling Rate in Daily Operations 25% To Achieve 8% 10 CAPITALAND INTEGRATED COMMERCIAL TRUST

FOSTERING POSITIVE CHANGE THROUGH SOCIAL GOOD RECOGNITION FOR SUSTAINABILITY EFFORTS Maintained 5-Star Rating with a score of 91 points (+3 points YoY) ‘A’ for public disclosure with a score of 100 points. Ranked 1st in Asia, Mixed Use: Office/Retail Rated 11.0 - Low Risk and included in the 2024 Top-Rated ESG Companies List by Sustainalytics CDP Climate Change Scored B for 5 consecutive years SIAS Investors’ Choice Awards 2023 by Securities Investors Association (Singapore) • Winner – Investors' Choice Outstanding CEO Award • Winner – Singapore Corporate Governance Award 2023 (REITs & Business Trusts category) Singapore Governance and Transparency Index 2023 Ranked 5th with an overall score of 106.5 (REIT & Business Trust category) Singapore Corporate Awards 2023 Silver – Best Investor Relations (REITs and Business Trusts category) 100% of Contractors & Vendors Committed to Abide by Supply Chain Code of Conduct 99.6% of Staff Attended at Least One ESG Training Zero Staff Workrelated Fatality or Permanent Disability >755 hours Volunteered by Employees Constituent of the FTSE4Good Index Series for 17 consecutive years SUSTAINABILITY REPORT 2023 11 Overview Environment Social Governance References

LEVERAGING CLI'S 2030 SUSTAINABILITY MASTER PLAN TARGETS Note: The Enable and Steward targets are designed to reflect CLI group-wide goals and are intended to be implemented, subject to and taking to account (i) fair and equitable employment practices and principles under applicable laws and market practice and (ii) the business and operational needs of the group, as applicable. i Using 2019 as the baseline year. ii With at least 85% participation. iii CICT relies on CLI's external assurance conducted annually for its Global Sustainability Report (GSR) since its 2010 GSR under CapitaLand Limited. The assured data covers the sustainability performance of CLI’s global operations and portfolio, which includes CICT's properties in Singapore. ENABLE Thriving and Future-Adaptive Communities STEWARD Responsible Business Conduct and Governance • Reduction targets: • Contribute to communities’ social well-being through outreach initiatives by staff and CapitaLand Group’s philanthropic arm, CapitaLand Hope Foundation • Achieve 45% of electricity consumption from renewable sources • Work towards setting new scope 3 GHG emissions reduction target • Achieve Net Zero emissions by 2050 for scope 1 and 2 GHG emissions • Foster a safety culture with zero fatality, permanent disability or major injury • Incorporate social integration design features in properties • Implement wellness-related initiatives and certifications for physical assets • ESG reporting aligned and externally assured to international standardsiii • Ensure sustainability targets are integrated into balanced scorecard framework and key performance indicators to determine executive remuneration, including performance share plan • At least 85% of staff to attend one compliance-related training • Identify, assess, and manage sustainability risks and opportunities • Ensure sustainability risks and opportunities are managed in line with overall risk appetite and strategy • Sign green leases with tenants; work with tenants to improve their sustainability performance • Achieve high level of customer satisfaction • Ensure contractors and vendors abide by CLI's Supply Chain Code of Conduct • Adopt zero tolerance to child labour/ forced labour Reduce water consumption intensity in our day-to-day operations by 15%i Absolute scope 1 & 2 GHG emissions by Carbon emissions intensity by Energy consumption intensity by Staff engagement scoreii Female representation in senior management Staff to attend one ESG trainingii 46%i 72%i 15%i ≥80% ≥85% Low-Carbon Transition Social Impact Corporate Governance ESG Risk Management Transparent Reporting Health and Wellness Customer and Supplier Partnerships Staff Development Water Conservation and Resilience Waste Management and Circular Economy Reduce waste intensity in our day-to-day operations by 20%i Achieve 25% recycling rate in our day-to-day operations BUILD Portfolio Resilience and Resource Efficiency 40% SUSTAINABILITY REPORT 2023 13 12 CAPITALAND INTEGRATED COMMERCIAL TRUST Overview Environment Social Governance References

i CICT relies on CLI's external assurance conducted annually since its 2010 GSR under CapitaLand Limited. The assured data covers the sustainability performance of CLI’s global operations and portfolio, which includes CICT properties in Singapore. ENABLE Thriving and Future-Adaptive Communities LEVERAGING CLI'S 2030 SMP PATHWAYS STEWARD Responsible Business Conduct and Governance BUILD Portfolio Resilience and Resource Efficiency Integrate sustainability in the entire real estate life cycle in particular, factoring EHS impact assessments and an internal carbon price into the investment evaluation process. Source climate-technology solutions through the global CSXC for piloting and adoption throughout the portfolio. Use data analytics and digitalisation to track and analyse trends in environment parameters and use the insights for portfolio optimisation. Strengthen innovation and collaboration by tapping on the S$50 million CIF, and by sourcing globally and within CLI for new ideas and technologies to meet our bold sustainability ambitions. Work with partners to create shared values that benefit the wider real estate community through partnerships and mentorships. Raise capital through sustainable finance instruments or initiatives that demonstrate our sustainability leadership. Any interest rate savings can be re-directed into our decarbonisation efforts. Ensure robust ESG governance structure, where the Board of CICTML reviews and endorses key material ESG issues and the sustainability strategy presented by Management. Management and the CICT sustainability committee are responsible for execution on the ground through cross-team collaboration. Monitor and report to ensure transparency of sustainability progress. Continue to validate performance by external assurancei and align SR to international standards and frameworks. Integrate ESG into Balanced Scorecard Framework and sustainability targets embedded in policies, processes, best practices, and KPIs. CapitaLandHope Foundation as a vehicle to amplify the social impact of our contribution to the communities by collaborating with ecosystem partners to support key underserved needs of children, youth and seniors throughdonations, volunteerismand thought leadership. Build a culture of volunteerism among staff and leveraging its ecosystem to rally customers and business partners to do good together. Developcapability andbuilda cultureof sustainability throughout the organisation. Empower staff with relevant knowledge and skillsets tomake decisions that align with our sustainability goals. Cultivate stakeholder engagement through thought leadership and advocacy, towards ensuring CapitaLand as a sustainable brand that cares for the environment and communities that it serves. SUSTAINABILITY REPORT 2023 15 14 CAPITALAND INTEGRATED COMMERCIAL TRUST Overview Environment Social Governance References

SUSTAINABILITY APPROACH SUSTAINABILITY COMMITMENT CICT aligns its sustainability goals with CLI to achieve the sustainable performance of its portfolio. Both CICTML and the property managers oversee CICT's business and operations, ensuring adherence to CLI's sustainability framework, policies, and guidelines, including its ethics and business conduct code. The 2030 SMP, which is reviewed every two years, guides CICT’s sustainability efforts across the ESG pillars. This enables CICT to create a greater positive impact on both the environment and communities. Based on CLI's revised 2030 SMP, the SBTi-approved targets for scope 1 and 2 emissions are in line with a 1.5 °C trajectory. The commitment to achieve Net Zero emissions by 2050 for scope 1 and 2 is reaffirmed, with an increased emphasis on social indicators. For each of the three ESG pillars and their respective focus areas, CLI has identified specific pathways to achieve the sustainability objectives and will adapt its strategies as technologies evolve and new scientific data becomes available. Aligned with CLI’s refreshed 2030 SMP framework and targets, CICT is committed to reducing its absolute scope 1 and 2 emissions by 46% by 2030, using 2019 as the baseline year. In addition, CICT aims to achieve Net Zero for its scope 1 and 2 emissions by 2050. This ambitious commitment aligns with the global effort to limit the temperature increase to below 1.5°C. Roadmaps and plans are devised to achieve CICT's sustainability objectives. GROUP-WIDE COMMITMENT Role of CLI Board, Management and Staff CLI's group-wide sustainability management comes under the purview of a CLI Board Committee – the Strategy and Sustainability Committee (SSC). Chaired by the Lead Independent Director, the CLI SSC is responsible for overseeing sustainability strategies and goals, including providing guidance to themanagement and monitoring progress towards achieving the objectives of any sustainability initiatives. The CLI SSC is supported by the CLI Group Sustainability Office and the various work teams to drive continued progress and improvement in ESG. The work teams comprise representatives from various CLI Business Units (BU) and corporate functions. This governance is cascaded from CLI to CICT through CICT’s Sustainability Committee. The CEO of Retail and Workspace at CLI, as the head of the BU, oversees the property managers. The property managers have an EHS Committee and an Engineering, Systems and Sustainability team whose role includes integrating sustainability into operations. ROLE OF CICTML BOARD, MANAGEMENT AND STAFF TheCICTMLBoardconsiders 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 monitoring of the material ESG factors. The Board determines the Trust’s risk appetite, guiding the nature and extent of material risks that CICT is prepared to accept in pursuit of its strategic and business objectives. Among the material risks, climate change is recognised as particularly crucial. The Board is actively involved in discussions on climate-related initiatives and regularly evaluates climate change risks as part of its Enterprise Risk Management (ERM) Framework. Updates to the Board are provided at least biannually during quarterly or ad hoc Board meetings. These updates cover various climaterelated topics, such as the 2030 SMP, TCFD, green capital expenditure, green ratings of properties, and performance metrics, including carbon emissions data, progress towards reduction targets, and stakeholder expectations regarding climate change. Reports of any environmental incidents, including climate-related damages or disruptions, are also presented to the Board. Environmental impact factors are integral to the asset investment evaluation process and strategy and are accordingly brought to the Board's attention when 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 guides reporting concerning climate-related risks and opportunities, and broader environmental issues. The CEO of the Manager is responsible for CICT’s climate changerelated targets. A key objective of the Manager’s senior management is to transit to a low-carbon business that aligns 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 undergo periodic training to further build capacity to manage climate-related risks and opportunities. The frequency and content of these capacity-building trainings will be regularly reviewed to incorporate current and emerging issues relating to environmental risk management. 16 CAPITALAND INTEGRATED COMMERCIAL TRUST

Strategy and Sustainability Committee (Board Committee) Business Unit / REIT CEOs Business Unit / REIT Sustainability Committee CLI Senior Leadership Council (Comprising Senior Management) CLI Board of Directors Staff Various Sustainability Work Teams/ Committees comprising Business units and corporate departments covering: • Environment, Health and Safety* • Investments, Asset Management • Enterprise Risk Management • Stakeholder Engagement • Innovation • Human Resource, Group Procurement, others Serve as sustainability champions (accountable for business unit/REIT performance) Sustainability work teams include business unit representatives Provide strategic oversight of ESG policies and integration Provide management oversight of ESG implementation Drive implementation of initiatives under ESG pillars * Including EHS Internal Audit committee and Environmental Tracking System committee CLI SUSTAINABILITY MANAGEMENT STRUCTURE Sustainability Committee Chairman: CEO Management Team: • Portfolio Management • Investment • Finance • Investor Relations Focus: Management and implementation of CICT’s sustainability objectives and strategies Working Committee Representatives: • Portfolio Management • Investment • Finance • Investor Relations • Asset Management • Property Management (including Engineering, Systems & Sustainability) CICTML Board of Directors CICT SUSTAINABILITY COMMITTEE SUSTAINABILITY REPORT 2023 17 Overview Environment Social Governance References

SUSTAINABILITY APPROACH MAINTAINING DIVERSITY ON THE BOARD CICTML Board embraces diversity and has in place a Board Diversity Policy. The Board Diversity Policy provides for the Board to comprise talented and dedicated Directors with a diverse mix of expertise, experience, perspectives, skills and backgrounds, with due consideration to diversity factors, including but not limited to, diversity in business or professional experience, age and gender. For more information, please refer to the Governance section of the SR 2023 and the Corporate Governance section of the AR 2023. GLOBAL BENCHMARKING CICT remains guidedby externally validated international standards and frameworks in our sustainability reporting and will strive to continue enhancing our disclosures. CICT’s SR 2023 has been prepared in accordance with the GRI Standards, aligned with GRESB with references to Value Reporting Foundation Integrated Reporting Framework, UN SDGs, SASB Standards for Real Estate and Real Estate Services and TCFD1. We will continue to enhance our disclosures in accordance with these standards, and working towards preparing ROLES AND RESPONSIBILITIES OF CICT’S SUSTAINABILITY COMMITTEE Roles and Responsibilities CEO and Executive Director • Responsible for decisions on ESG-related targets and engagements with stakeholders. Portfolio Management • Works closely withAsset Management and Property Management teams to evaluate solutions relating to matters including green energy procurement, greening of the portfolio and related capital expenditure, and promoting workplace safety and health. • Engages with staff and investors on ESG matters. Investment • Responsible for seeking growth opportunities with environmental impact as one of the assessment criteria. Finance • Responsible for securing green financing and engaging with stakeholders, such as bankers and debt investors. Investor Relations • Responsible for engagements with stakeholders, including investors and ESG rating agencies as well as ESG reporting matters. Asset Management • Responsible for proposing solutions relating to matters including green energy procurement, greening of the portfolio and related capital expenditure. • Engages various internal stakeholders on ESG matters. Property Management - Engineering, Systems and Sustainability - Operations • Responsible for driving innovative ESG solutions, and operational efficiency and processes, piloting CSXC initiatives roll-out, achieving target consumption savings, promoting workplace safety and health and engaging with staff, tenants, service providers and relevant government agencies for ESG matters. 1 The Financial Stability Board (FSB) set up the TCFD in 2015 to address concerns around insufficient disclosure of climate-related risks and opportunities. Following the publication of IFRS S1 and IFRS S2, and at the FSB's request, the TCFD itself is now being subsumed into the ISSB with the standard-setter taking over the monitoring of the progress on companies' climate-related disclosures from 2024. for International Sustainability Standards Board’s (ISSB) standards relating to climate reporting. CICT is committed to the 10 principles of the United Nations Global Compact (UNGC) in the areas of human rights, labour, environment and anti-corruption. This aligns with CLI, as a signatory to the UNGC since 2015. Additionally, CLI became a signatory of the UNsupported Principles of Responsible Investing (UN PRI) and the Institute of Limited Partners Association (ILPA) Diversity in Action initiative in February 2023. As a testament to our efforts to enhancing ESG standards and improve disclosures, CICT continues to be listed in ESG indices such as FTSE4Good Index Series, iEdge SG ESG Leaders Index and iEdge SG ESG Transparency Index. CICT will continue to rely on CLI’s external assurance in their GSR with reference to the ISAE 3000 International Standard on Assurance Engagements. The assurance will cover the sustainability performance of CLI’s employees and global portfolio, which includes the properties under CLI’s six listed REITs and business trusts, such as CICT. CLI's GSR 2023 will be published on its website in May 2024. 18 CAPITALAND INTEGRATED COMMERCIAL TRUST

MATERIALITY CICTML Board endorses the material ESG issues that are most relevant and significant to CICT and its stakeholders. A doublemateriality approach is adopted, considering issues which are material from either the impact or financial2 perspectives, or both. Potentially material ESG issues arising from activities across CICT and CLI’s value chain (including potential risks andopportunities in the immediate and longer term) are primarily identified via ongoing engagement with the CICT team, CLI's BUs and external stakeholders, as well as reviews of sources including investor questionnaires, and ESG surveys, benchmarks, frameworks such as GRESB and SASB. 2 To identify ESG issues which are potentially financially material, CICT takes reference from the SASB Standards for Real Estate and Real Estate Services, which identify sustainability factors that are material to short, medium, and long-term enterprise value for the industry. 3 For more information on CICT’s ERM and the Group-wide RCSA exercise, please refer to the Risk Management section of the AR 2023 and Risk Management under the Governance section of the SR 2023. 4 Economic Performance, Market Presence and Governance are deemed to be material for CICT but not considered as ESG Factors. In addition, CICT has a regular review, assessment and feedback process in relation to ESG topics. Identified material issues are reported in a corporate risk register through the annual group-wide Risk and Control SelfAssessment (RCSA) exercise3, which identifies, assesses and documents material risks and the corresponding internal controls to manage those risks. These material risks include fraud and corruption, environmental (e.g. climate change), health and safety, and human capital risks which are ESG-relevant. Identified material ESG issues are then prioritised based on the likelihood and their potential impact on CICT's business continuity. For external stakeholders, priority is given to issues important to the community and applicable to CICT and CLI. In FY 2023, the ESGmaterial topics were endorsed by CICTML Board for their continued relevance. For more details, please refer to the Material Topics and Boundaries section of the SR 2023. Review material ESG factors through the assessments of: • Risk and Control Self Assessment Exercise • GRESB Survey • S&P Dow Jones Sustainability Assessment • Surveys • Engagements • Feedback Seek Board’s endorsement for prioritised material ESG factors Material ESG factors4 priority list See table on the next page on the Prioritisation of Material ESG Issues Reference other ESG standards and frameworks including: • GRI Standards • UN Principles for Responsible Investment • UN SDGs • SASB real estate sector-specific standards • TCFD REGULAR REVIEW, ASSESSMENT AND FEEDBACK PROCESS FOR MATERIAL ESG FACTORS 1 2 3 4 SUSTAINABILITY REPORT 2023 19 Overview Environment Social Governance References

SUSTAINABILITY APPROACH Areas of Focus CICT’s Commitments Resources and UN SDGs supported Low-carbon Transition • Transit to low-carbon business and reduce energy consumption through improved energy efficiency and increase use of renewable energy. • Achieve a minimum green rating for all operating properties. • Strengthen climate resilience of portfolio by addressing climate-related risks and opportunities throughout the real estate life cycle. • Sign green leases with tenants. Environment Properties Water Conservation and Resilience • Reduce water consumption, reuse water and prevent water pollution. Sustainable Innovation and Technology • Actively embrace innovation to ensure commercial viability without compromising the environment for future generations. • Leverage CLI's Supply Chain Code of Conduct to influence supply chain to operate responsibly in the area of environmental management. Creating Value and Aligning to UN SDGs CICT-endorsed material ESG issues, along with the value created5, adhere to the 2030 SMP focus areas and commitments. These are mapped to CICT’s resources, which include Financial, People and Structure, Properties, Environment, and Stakeholders and Communities. They are also aligned with the eight UN SDGs that closely match the 2030 SMP focus areas, where CICT can make the most significant positive impact. The UN SDGs call on companies everywhere to advance sustainable development through the investments they make, the solutions they develop, and the business practices they adopt. In doing so, the goals encourage companies to reduce their negative impacts while enhancing their positive contributions to the sustainable development agenda. PRIORITISATION OF MATERIAL ESG ISSUES Environment Social Governance Critical • Climate change and carbon emissions reduction • Energy efficiency • Water management • Occupational health and safety • Human capital • Stakeholder engagementi • Products and servicesii • Supply chain management • Diversity (Board and staff) • Risk managementiii • Business ethics Moderate and Emerging • Waste management • Biodiversity • Human rightsiv i Includes green leases and tenant engagement on ESG matters. ii Includes products and services promoting customer health and safety, and certified green buildings. iii Includes consideration of compliance, economic performance and cybersecurity. iv Relates to zero tolerance stance towards child/forced labour. 5 Please refer CICT's ESG frameworks, commitments and progress for details of the value created in this SR. 20 CAPITALAND INTEGRATED COMMERCIAL TRUST

Areas of Focus CICT’s Commitments Resources and UN SDGs supported Dynamic Human Capital • Adopt consistent, equitable, and fair labour policies and practices in rewarding and developing staff. Staff can make a significant contribution based on their talent, expertise and experience, regardless of ethnicity, age or gender. Stakeholders & Communities Properties Healthy and Safe Buildings • Aim to provide a safe work environment that contributes to the general well-being of our stakeholders. Proactive Customer Relationship Management • Commit to activities that are aligned with our focus on community investment. Engage stakeholders to raise awareness in the areas of EHS, as well as promote sustainability within the tenant community. Robust Supply Chain Management • Leverage CLI’s Supply Chain Code of Conduct to influence supply chain to operate responsibly in the areas of environmental management, human rights, and health and safety. Board Diversity • Guided by a Board Diversity Policy to comprise talented and dedicated Directors with a diverse mix of expertise, experience, perspectives, skills and backgrounds, with due consideration to diversity factors, including but not limited to, diversity in business or professional experience, age and gender. Stakeholders & Communities People & Structure Compliance and Training • Commit to meet high standards of risk management in the way we conduct business. All staff must understand and be responsible for ensuring that risks are managed effectively in their daily work. • Require third-party service providers and vendors to adhere to anti-bribery and anticorruption provisions. • Leverage CLI’s Supply Chain Code of Conduct to influence the supply chain to operate responsibly in the area of anticorruption. ESG Performance and Financial Metrics • Integrate CICT’s ESG performance with financial metrics. Financial SUSTAINABILITY REPORT 2023 21 Overview Environment Social Governance References

ENVIRONMENT FRAMEWORK, COMMITMENT & PROGRESS • Build resilience for the portfolio against the physical impact of climate change and prepare for changing regulations toward a low-carbon economy • Reduce carbon emissions and transit to low-carbon operations • Reduce energy consumption and transit to renewable energy sources • Reduce water consumption and encourage use of treated/recycled water and rainwater harvesting • Minimise generation of waste and increase rate of recycling for collected waste • Manage biodiversity to minimise impact to the natural environment • Engage stakeholders to adopt environmentally sustainable behaviours Via EMS • Ensure regulatory/legal compliance • Identify environmental aspects and manage impact • Adopt Sustainable Building Guidelines – includes the EHS Impact Assessment - in consultation with stakeholders • Require and indicate preference for ISO 14001 contractors/vendors and set environment targets/ requirements in the procurement of products and services • Ensure environmentally sustainable operations – implement EMS SOPs • CEO of the Manager and the CEOs of the BUs are Sustainability Champions • ISO 14001-certified EMS ensures accountability of all staff • KPIs are linked to remuneration of all staff; performance is tracked regularly • Support and participate in national OHS programmes • Collaborate with non-governmental organisations • Encourage end users, including tenants, shoppers, guests and the general community, to adopt environmentally sustainable habits Waste • Waste generation at unsustainable rates • Cost pressure from resource scarcity Water • Water scarcity, accessibility and security Climate Change and Energy • Global GHG emissions at unsustainable level • Cost pressure from rising demand for energy Biodiversity • Interdependence between the natural environment and well-being of the community Via KPIs and Performance-linked Remuneration • Assess green rating potential for new acquisitions and major refurbishments if there are none • Green existing property portfolio • Set eco-efficiency targets and improve performance through tracking of energy and water usage, waste generation and carbon emissions • Engage stakeholders to increase awareness FRAMEWORK Material Issues Policy and Objectives Accountability Method / Action Plan Stakeholder Engagement 22 CAPITALAND INTEGRATED COMMERCIAL TRUST

Areas of Focus 2030 Targets & Commitments 2023 Performancei Low-carbon Transition • Reduce absolute scope 1 and 2 GHG emissions by 46% from 2019 baseline year to achieve science-based target • 10% reduction in absolute scope 1 and 2 GHG emissions • Reduce carbon emissions intensity by 72% from 2019 baseline year • 19% reduction in carbon emissions intensity • Continue to enhance climaterelated disclosures • Reduce energy consumption intensity by 15% from 2019 baseline year • 15% reduction in energy consumption intensity • Generate 45% of total electricity consumption from renewable sources • 2,094 MWh of renewable energy generated, making up 1.3% of total energy consumption • Achieve a minimum green rating for all operating properties • 99% of CICT portfolio by GFAii are minimally BCA Green Mark certified or equivalent Water Conservation and Resilience • Reduce water consumption intensity by 15% from 2019 baseline year • 15% reduction in water consumption intensity Waste Management and Circular Economy • Reduce waste intensity in our day-to-day operations by 20% from 2019 baseline year • Achieve 25% recycling rate in its day-to-day operations • 21% reduction in waste intensity • 8% recycling rate Sustainable Innovation and Technology • Actively embrace innovation to ensure commercial viability without compromising the environment for future generations • Piloting four innovation projects in CICT properties (more detail can be found in Pilot Programmes under the Environment section of this SR) Sustainable Operation Excellence • Obtain ISO 14001 certification for EMS • Maintained ISO 14001 for • Leveraging EMS, which is externally audited annually, providing assurance to top management and external investors on CICT's compliance and alignment to best practices i CICT is working towards achieving the 2030 targets using 2019 as the baseline year. ii Based on CICT’s 26 properties in Singapore, Germany and Australia as at 31 December 2023. Gallileo, which is undergoing AEI, and 103 Miller Street, which is exempted from certification, are excluded. Greenwood Plaza is currently under review for a green rating. COMMITMENT & PROGRESS Overview Environment Social Governance References SUSTAINABILITY REPORT 2023 23

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