Ascendas REIT - Annual Report 2021

Business Model 1 Governance : Supports Ascendas Reit’s ability to deliver sustainable value in the short, medium and long term by identifying appropriate risks & opportunities, and adopting a strategic approach for resource allocation. 2 Business activities : The Manager employs a three-pronged strategy (Proactive Portfolio Management, Disciplined Value-Adding Investments, Prudent Capital & Risk Management) to drive business activities, i.e. implementation of business strategy & performance monitoring, reviewing outcomes, and managing stakeholders. 3 Sustainability context : The Manager manages ESG material issues in its business activities. For FY2021, 11 ‘Critical’ ESG material issues and three ‘Moderate and emerging’ material issues have been identified (more details can be found on page 21). OUR BUSINESS ACTIVITIES Proactive Portfolio Management Prudent Capital & Risk Management Disciplined Value-Adding Investments VISION & MISSION G O V E R N A N C E R I S K & O P P O R T U N I T I E S S T R A T E G Y & R E S O U R C E A L L O C A T I O N S U S T A I N A B I L I T Y C O N T E X T 1 1 ‘ C r i t i c a l ’ E S G m a t e r i a l i s s u e s 3 ‘ M o d e r a t e a n d e m e r g i n g ’ E S G m a t e r i a l i s s u e Vision To be a leading global real estate investment trust Mission To deliver predictable distributions and achieve long-term capital stability for Unitholders BUSINESS MODEL UNITED NATIONS SUSTAINABLE DEVELOPMENT GOALS More details can be found in Ascendas Reit’s Integrated Sustainability Report 2021, available at ir.ascendas-reit.com/sustainability_reports.html. Annual Report 2021 17