CICT is committed to responsibly managing the waste generated at our properties. In 2024, we gathered waste data from all our operating properties in Singapore, where licensed contractors were tasked with waste collection and disposal. About 25,443 tonnes of non-recyclable waste and 2,322 tonnes of recyclable waste were collected, totalling 27,765 in 2024. This represents an increase of about 4% YoY largely due to CQ @ Clarke Quay’s higher occupancy and shopper traffic from 2Q 2024 after the completion of an AEI that started in August 2022 and increased business activity across the Singapore properties. On a LFL basis, the total waste collected rose by about 4% YoY. Recyclable materials accounted for 8% of the total waste, comprising 93% paper, 2% food waste, 2% metal, 1% plastic, 1% glass and 1% electronic waste (e-waste). Compared to the 2019 baseline intensity, the 2024 waste intensity was a 16% reduction at 1.90 kg/m2/month. Given that the majority of waste at CICT’s properties originates from tenants, guests, and the general public, we proactively encourage waste reduction and recycling, including having recycling bins in the properties. For e-waste, CICT continued its partnership with Cimelia Resource Recovery, for the Singapore office properties and the ALBA Group, appointed by the National Environment Agency, for the Singapore retail properties. The properties in Germany and Australia recorded approximately 516 tonnes of waste in 2024, of which 45% was recyclable waste. WASTE MANAGEMENT CICT adopts a strategic approach to managing water across its portfolio, focusing on reducing water consumption, reusing water, and preventing water pollution. Regular surveys are conducted to gain insights into the water sources and discharge processes for each property. Water at CICT’s properties, both in Singapore and overseas, is sourced from municipal supplies, with wastewater being responsibly treated and disposed of through municipal facilities. In 2024, CICT’s total water consumption for the Singapore operating properties (including recycled water) amounted to 1,880,616 m3. This is an increase of about 7% YoY, mainly due to 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 LFL basis, the water consumption rose about 7% YoY. Compared to the 2019 baseline intensity, the 2024 water intensity was a 9% reduction at 0.124 m3/m2/ month. According to the World Resources Institute’s Aqueduct Water Risk Atlas, Singapore is expected to maintain a low overall water risk by 2030. Nonetheless, we are actively managing our water consumption by utilising recycled sources, including harvested rainwater and NEWater. These sources are used for plant irrigation, hi-jetting of car park decks, cooling towers, and sprinkler systems across our operating properties in Singapore. In 2024, recycled water accounted for about 37% of our total water consumption for our Singapore operating properties. The Germany and Australia properties consumed about 28,195 m3 of water in 2024 from the landlord-controlled areas. Waste (ktonnes) Waste Intensity3 (kg/m2/month) 16% reduction since 2019 Non-recyclable Recyclable CICT Singapore Retail Singapore Office 31 23 23 25 27 28 2019 2019 2020 2020 2021 2021 2022 2022 2023 2023 2024 2024 2 2 2 2 2 29 21 21 25 26 2.24 1.61 1.71 1.86 1.79 2.98 1.90 0.50 Numbers in the above bar chart may not add up due to rounding. 3 See Note 1 on page 25. 27 Sustainability Report 2024
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