Figure 1: Materiality Matrix in FY12/13
Issues Determined to be Material from First Formal
Assessment in FY12/13
A Energy conservation
B Water conservation
C Corruption and Bribery
D Fair competition and Interested Party Transactions
E Tenant satisfaction
F Health and safety protection of general public and
adjacent communities
G Compliance to mandatory building regulations
H Corporate governance compliance
I Non-discrimination against race and gender
J Contractor health and safety protection
K Security of properties
L Business continuity
M Succession planning
N Staff well-being
O Greenhouse gas (“GHG”) emissions
P Use of refrigerants
Q New developments in need of remediation before
intended use
R Existing properties that are in need of remediation
S Inclusion of sustainability-themed criteria in staff
performance reviews
T Compliance to voluntary standards relating to building
regulations
The Manager has reviewed the issues, and together with the
results of a customer satisfaction survey conducted in FY13/14,
identified a list of top 5 priorities that are most material to
A-REIT. Please refer to Table 1.
S U S T A I N A B I L I T Y R E P O R T
ABOUT THE REPORT
A-REIT’s third annual sustainability report has been prepared
in accordance with the Global Reporting Initiative (“GRI”)
G4 guidelines – core option, and the GRI Construction and
Real Estate Sector Supplement (“CRESS”). In this report, the
Manager continues to track and develop A-REIT’s social and
environmental accountability.
The report focuses on A-REIT’s core activity as a business space
and industrial REIT, covering performance from 1 April 2014
to 31 March 2015. This includes the property segments of
Business & Science Park Properties, High-Specifications Industrial
Properties, Light Industrial Properties & Flatted Factories, and
Logistics & Distribution Centres. Except for Aperia, which was
acquired in August 2014, the Manager has excluded the two
other properties under the Integrated Development, Amenities
& Retail (“IDAR”) Properties segment from the scope of the
report, as these properties are single-tenant and outside of
A-REIT’s operational control. The Manager has also excluded
The Kendall from the scope of the report, as it was acquired
on 30 March 2015. As at 31 March 2015, A-REIT has 105
properties in Singapore and 2 in China.
The Manager has not sought external assurance for this
reporting period. Please refer to page 44–45 of the annual
report for a full list of A-REIT’s portfolio.
Significant Changes during the Reporting Period
In FY14/15, the Manager has reclassified its two Warehouse Retail
Facilities under a new segment referred to as IDAR Properties. The
newly acquired property, Aperia, is also included in this segment.
There were several acquisitions and divestments during the year.
Please refer to pages 31 to 33 of the Annual Report for details.
The Manager has broadened its expertise with the appointment
of Mr. Ang Boon Peng as Head of Development Services and
Mr. Sasidharan Nair as Head of Property Services. Their extensive
experience will add value to A-REIT’s operational performance.
MATERIALITY ASSESSMENT
Identification of Material Issues
In February 2013, A-REIT conducted its first formal materiality
assessment with key representatives from the Manager and the
Property Manager. The process to identify and prioritise issues
according to their significance to the business and external
stakeholders was guided by the AA1000APS (2008) standard
for stakeholder engagement. Figure 1 reflects the Materiality
Matrix for the issues identified, as being material to A-REIT.
Materiality Assessment
A
D
F
B
C
E
G
J
I
O
P
L
K
M
N
H
Top Material Issue
Issue of Less Priority
Q
S
R
T
Importance to Internal Stakeholders
Importance to Simulated External Stakeholders
ASCENDAS REAL ESTATE INVESTMENT TRUST ANNUAL REPORT 2014/15
