Ascendas REIT - Annual Report 2021

Business Model The Manager draws on an appropriate mix of six types of capitals 1 and employs a three-pronged strategy to drive its business activities. 1 As defined under the International Integrated Reporting Council (IIRC) Integrated Reporting Framework. ENVIRONMENTAL CAPITAL Energy and water are important resources to the business operations of Ascendas Reit MANUFACTURED CAPITAL Capability to acquire and develop high-quality properties to achieve value-adding investments HUMAN CAPITAL Commitment and drive from employees, and asset and property managers contribute towards business growth SOCIAL & RELATIONSHIP CAPITAL Fostering strong relationships with stakeholders to actively understand and manage their expectations and create a shared value in the long term ORGANISATIONAL CAPITAL Specialised asset management expertise and knowledge to develop premium and attractive solutions FINANCIAL CAPITAL Available pool of funds leveraged to optimise value for Stakeholders CAPITALS Ascendas Reit 16