About the Report BOARD STATEMENT At CICT, we are committed to growing in a responsible manner, by delivering long-term economic value and contributing to the environmental and social well-being of our communities. The operations of CICT’s properties are managed by the property managers (which mainly comprise subsidiaries of CLI), in accordance with the property management agreements. The material ESG factors have been identified with set targets for 2030, considering CICT’s business focus and in alignment with the CLI 2030 SMP. Advancing towards a common set of goals, the CICTML Board has reviewed and endorsed the material ESG factors put up by the management team. CICT’s ESG factors aim to maximise impact through building portfolio resilience, optimising resources, enabling thriving and future-adaptive communities, and stewarding responsible business conduct and governance. The CICTML Board is responsible for overseeing CICT’s sustainability efforts and takes these ESG factors into consideration when determining its strategic direction and priorities. The CICTML Board also approves the executive compensation framework based on the principle of linking pay to performance. The Manager’s business plans are translated to both quantitative and qualitative performance targets, including sustainable corporate practices. Our sustainability performance has consistently been wellregarded by global indices such as FTSE4Good Index Series. The Manager will continue to identify and adopt meaningful ESG practices and enhance sustainability in the real estate sector. INTERNATIONAL STANDARDS AND GUIDELINES This Report is prepared in accordance with the GRI Standards 2021 and aligns with Monetary Authority Singapore (MAS) Guidelines on Environmental Risk Management for Asset Managers and complies with the SGX-ST Listing Manual Rules 711A and 711B. CICT adopts the GRI Standards for this Report due to its global recognition and coverage of sustainability disclosures pertinent to CICT’s business. This Report also 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 climate-related disclosures under the Standards, in preparation for the Singapore Exchange Regulation (SGX RegCo) enhanced sustainability reporting regime, effective from financial year 2025. REPORTING SCOPE AND PERIOD As a CLI-sponsored REIT, CICT is externally managed by wholly owned subsidiaries of CLI, including CICTML and the property managers who oversee the daily property operations. Employees1 of CICTML and the property managers are responsible for the Trust and its property and portfolio operations. Their respective teams are identified as employees of the Trust. The non-executive directors of the CICTML Board are not employees of the REIT. This Report covers CICT’s portfolio for the financial period from 1 January 2024 to 31 December 2024 (FY 2024), unless otherwise stated. In FY 2024, CICT acquired a 50.0% interest in ION Orchard (comprising ION Orchard and ION Orchard Link) on 30 October 2024 and divested 21 Collyer Quay on 11 November 2024. As at 31 December 2024, CICT’s portfolio includes 21 properties in Singapore, two in Frankfurt, Germany, and three in Sydney, Australia. Guided by GHG Protocol (operational control method) which sets the global standard on how to measure, manage and report GHG emissions, this Report details the environmental performance of properties under CICT’s operational control. They include the 21 operating properties in Singapore, which account for 94.5% of CICT’s portfolio property value as at 31 December 2024. The overseas assets, which are third-party managed, comprise the Australia and Germany portfolios. This Report covers their consumption data for energy, water and waste, as available at the time of reporting. Additional environmental metrics are being tracked and monitored internally. This Report has undergone a comprehensive internal review. Our Sponsor, CLI, is obtaining external assurance, with reference to the International Standard on Assurance Engagements 3000 (ISAE 3000), for its GSR 2024 expected to be released in May 2025. CICT’s properties and employees are included within the scope of CLI’s external assurance engagement. This Report is to be read in conjunction with CICT’s AR 2024. In line with our commitment to environmental sustainability, this Report is not printed. 1 Employees hired by and/or report to the Manager. 4 CapitaLand Integrated Commercial Trust
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