Sustainability Approach SUSTAINABILITY COMMITMENT CICT aligns its sustainability goals with CLI to achieve sustainable performance for 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. Guided by the CLI 2030 SMP, CICT is committed to driving efforts to meet the SBTi-approved Scope 1 and 2 emissions reduction targets aligned with a 1.5°C trajectory1. CICT is also aligned with CLI’s commitment to achieve Net Zero2 by 2050 for its Scope 1 and 2 emissions. Specific pathways are established for each ESG pillar and focus area, with strategies to evolve alongside advancements in technology and scientific research. Roadmaps and plans are developed to achieve CICT’s sustainability objectives, which will enable the Trust to create a greater positive impact on both the environment and communities. 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 Executive and Sustainability Committee (ESC)3. The ESC, which is a Board committee, is led by CLI's Chairman. The committee is responsible for overseeing CLI’s sustainability strategies, including providing guidance to management and monitoring progress against achieving the goals of CLI’s sustainability initiatives. The CLI ESC is supported by the CLI Leadership Council which makes strategic resource allocation decisions. The sustainability work teams comprise representatives from CLI’s business units and corporate functions. Each business unit has its own EHS Committee to drive initiatives. The property managers, led by the CEO of Commercial Management at CLI, have their own EHS committee. The property managers are supported by an Engineering, Systems and Sustainability team responsible for integrating sustainability into operations. Provide boardlevel strategic oversight of ESG policies and integration Provide senior management oversight of ESG implementation** Drive implementation of initiatives under ESG pillars CLI Board of Directors CICTML Board of Directors Executive and Sustainability Committee (ESC) CLI Leadership Council (Comprising Senior Management) Various Sustainability Work Teams/ Committees comprising Business units and corporate departments covering Staff Environment, Health and Safety* • Portfolio Management • Investment • Finance • Investor Relations • Asset Management • Property Management (including Engineering, Systems & Sustainability) Working Committee Representatives: Stakeholder Engagement Investments, Asset Management Innovation Enterprise Risk Management Human Resource, Group Procurement, others * Includes EHS Internal Audit and Environment Tracking System (ETS) ** Including climate-related risks and opportunities Business Unit / REIT Sustainability Committee Business Unit / REIT CEOs Sustainability Committee Chairman: CEO Management Team: • Portfolio Management • Investment • Finance • Investor Relations Management and implementation of CICT’s sustainability objectives and strategies CICT SUSTAINABILITY COMMITTEE CLI SUSTAINABILITY MANAGEMENT STRUCTURE Sustainability work teams include BU representatives Serve as sustainability champions (accountable for business unit performance) FOCUS 1 This is using the absolute contraction approach. 2 This refers to net greenhouse gas emissions. For more information on greenhouse gases covered by the target, please refer to the GHG Emissions Data Methodology. 3 The Executive Committee and the Strategy and Sustainability Committee merged to form the Executive and Sustainability Committee with effect from 1 January 2025. 11 Sustainability Report 2024
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