Reporting Scope This report covers CICT’s portfolios in Singapore, Australia and Germany and includes the consumption trend from 2019 to 2024. Taking guidance from the operational control as defined by the Greenhouse Gas Protocol Corporate Standard, this report covers the environmental performance of properties under CICT’s operational control. It includes CICT’s 21 operating properties in Singapore for the reporting year 2024, as detailed below by their respective asset classes. CARBON EMISSIONS2 1 2019 intensities included all Singapore operating properties except Funan, which started operations in June 2019. 2020 intensities included all Singapore operating properties except Funan, which was in its first year of stabilisation, and 21 Collyer Quay and CapitaSpring, which were under construction/upgrading. 2021 intensities included all Singapore operating properties except CapitaSpring and 21 Collyer Quay as they were under construction/ upgrading. 2022 intensities included all Singapore operating properties except CapitaSpring and 21 Collyer Quay which obtained Temporary Occupation Permit in 2021, as well as CapitaSky, which was acquired in 2022. 2023 intensities included all Singapore operating properties. 2024 intensities included all Singapore operating properties, except ION Orchard. CICT acquired a 50.0% interest in ION Orchard on 30 October 2024 and divested 21 Collyer Quay on 11 November 2024. Emissions from ION Orchard are accounted for under Scope 3 GHG emissions. IMM Building commenced a phased asset enhancement initiative (AEI) at selected interior areas of the property from 1Q 2024 and is scheduled to complete in 3Q 2025. The overseas assets are managed by third parties and their consumption is accounted for under Scope 3 GHG emissions. The properties include the Australia portfolio (acquired in 2022), comprising 66 Goulburn Street, 100 Arthur Street, and 101-103 Miller Street and Greenwood Plaza; and the Germany portfolio, consisting Gallileo and Main Airport Center. Gallileo commenced an AEI in February 2024 for the entire building and only recorded a month of consumption for 2024. Consumption data for energy, water and waste were reported, where available, at the time of reporting. Intensity data is based on landlord-controlled areas and excludes assets under stabilisation or assets that do not have the full-year consumption data for the reporting year. Please see the GHG Emissions Data Methodology section of this Sustainability Report 2024 for the methodology and computation of our Scope 1, 2, and 3 GHG emissions. In 2024, CICT’s Singapore operating properties recorded 66,008 tonnes of CO2e for Scope 1 and 2 carbon emissions2. This is a 8% reduction from the 2019 baseline. On a year-on-year (YoY) basis, the emissions rose by about 3%, driven mainly by CQ @ Clarke Quay’s higher occupancy and shopper traffic since 2Q 2024 following its AEI completion that started in August 2022, and increased business activity across the Singapore properties. On a like-for-like (LFL) basis, cabon emissions increased by about 3% YoY. The carbon emissions intensity was 4.35 kgCO2e per m2, representing a 17% reduction compared to the 2019 baseline. Carbon Emissions (Scope 1 & 2) (ktonnes CO2e) Carbon Emissions Intensity1 (kgCO2e/m2/month) 72 62 2019 2020 2021 2022 2023 2023 2022 2019 2020 2021 2024 2024 63 65 64 5.20 4.41 4.55 4.55 4.23 5.32 4.35 3.14 66 8% reduction since 2019 17% reduction since 2019 CICT CICT Singapore Retail Singapore Office Bedok Mall, Bugis+, Bugis Junction, Bukit Panjang Plaza, CQ @ Clarke Quay, IMM Building, ION Orchard (50.0% interest), Junction 8, Lot One Shoppers’ Mall, Tampines Mall and Westgate. RETAIL OFFICE Asia Square Tower 2, CapitaGreen, Capital Tower, CapitaSky (70.0% interest) and Six Battery Road INTEGRATED DEVELOPMENT CapitaSpring (45.0% interest), Funan, Raffles City Singapore, Plaza Singapura and The Atrium@Orchard. 25 Sustainability Report 2024
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