MAINTAINING DIVERSITY ON THE BOARD The CICTML Board embraces diversity and has in place a Board Diversity Policy. The Board Diversity Policy ensures that the Board comprises talented and dedicated Directors with a diverse mix of expertise, experience, perspectives, skills and backgrounds, with due consideration to diversity factors. Diversity factors include, but not limited to, diversity in business or professional experience, age and gender. For more information, please refer to the Corporate Governance section of CICT's AR 2024. GLOBAL BENCHMARKING CICT remains guided by externally validated international standards and frameworks in our sustainability reporting. This Report is prepared in accordance with GRI Standards, in alignment with GRESB and incorporates elements of the Value Reporting Foundation Integrated Reporting framework, references the UN SDGs and SASB real estate sector-specific standards. This Report has considered the IFRS Sustainability Disclosure Standards (Standards) issued by the ISSB. CICT is progressively incorporating climaterelated disclosures under the Standards, in preparation for the SGX RegCo enhanced sustainability reporting regime, effective from financial year 2025. 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 commitment aligns with that of our Sponsor, CLI, a signatory to the UNGC since 2015. CLI is also a signatory of the UN-supported Principles of Responsible Investing (UN PRI) and the Institute of Limited Partners Association (ILPA) Diversity in Action initiative since February 2023. As a testament to our efforts to enhance ESG standards and improve disclosures, CICT continues to be listed in ESG indices such as FTSE4Good Index Series. 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 2024 will be published on its website in May 2025. MATERIALITY The CICTML Board endorses the material ESG issues that are most relevant and significant to CICT and its stakeholders, taking into consideration their relevance or impact to the business, strategy, financial planning, business model and key stakeholders. A double materiality approach is adopted, considering issues which are material from either the impact or financial perspectives1, or both. Potentially material ESG issues arising from activities across CICT and CLI’s value chain - including immediate and longer term risks and opportunities - are identified primarily through ongoing engagement with the CICT team, CLI’s business units and external stakeholders. In addition, we review various sources including investor questionnaires, and ESG surveys, benchmarks and frameworks such as GRESB and SASB to enhance our understanding of the industry's material ESG issues. In addition, CICT has a regular process to review, assess and feedback in relation to ESG topics. Identified material issues are reported in a corporate risk register through the annual group-wide RCSA exercise2, which identifies, assesses and documents material risks and the corresponding internal controls to manage those risks. The material risks include fraud and corruption, environmental (including climate change), health and safety, and human capital which are ESG-relevant. Identified material ESG issues are then prioritised based on the likelihood and 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 2024, the ESG material topics were endorsed by the CICTML Board for their continued relevance. For more details, please refer to the Material Topics and Boundaries section of this Report. 1 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. 2 For more information on CICT’s ERM and the group-wide RCSA exercise, please refer to the Risk Management section of CICT’s AR 2024 and the Risk Management section under Governance of this Report. 13 Sustainability Report 2024
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