Environmental Managing Climate Change 18 CapitaLand Integrated Commercial Trust MANAGING CLIMATE-RELATED RISKS AND OPPORTUNITIES CICT recognises the impact of climate change on its portfolio presents both risks and opportunities. In pursuing a low-carbon transition, CICT aims to mitigate transition risks while building portfolio resilience against the physical risks of climate change through adaptation. The Financial Stability Board (FSB) established the Task Force on Climate-related Financial Disclosures (TCFD) in 2015 to enhance climate-related risk and opportunity disclosures. In line with CLI’s commitment and regulatory developments, CICT adopted the recommendations of the TCFD since 2021. Following the release of IFRS S1 and S2, the TCFD has been integrated into the ISSB, which will oversee corporate climate disclosures from 2024. For this report, CICT has voluntarily incorporated initial disclosures aligned with the ISSB standards ahead of the mandatory requirement by the SGX Regco. Recognising the evolving landscape of climate-related disclosure standards, CICT will continuously monitor and adapt its reporting practices to align with emerging best practices and regulatory requirements. Summary of CICT’s TCFD-Aligned Actions Progress in FY 2024 GOVERNANCE – See Sustainability Approach section of this Report 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 Report 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 Report and AR 2024 Conduct annual trust-wide RCSA exercise Established METRICS & TARGETS – See Operational Efficiency section of this Report 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
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