“In a continually evolving landscape, our steadfast commitment to sustainability keeps us grounded and strengthens our ability to anticipate risks, adapt swiftly, and build enduring resilience.” William Tay Wee Leong Chief Executive Officer Board Statement CLAR is committed to growing in a responsible manner, delivering long-term economic value, and contributing to the environmental and social well-being of its communities. The material ESG factors are embedded in CLAR’s sustainability strategy, aligned with CLI 2030 SMP. The CLI 2030 SMP steers CLAR’s Group (the Group) collective efforts towards the common objectives of maximising impact through building portfolio resilience and resource efficiency, enabling thriving and future-adaptive communities, and stewarding responsible business conduct and governance. The CLI 2030 SMP sets out ambitious ESG targets which include increasing the use of renewable energy, the commitment to achieve Net Zero carbon emissions by 2050, and Scope 1 & 2 carbon emission reductions by 2030. These ESG targets have been cascaded throughout the CLI Group, including CLAR. The Board of Directors of the Manager (Board) is responsible for overseeing CLAR’s sustainability efforts and takes material ESG factors into consideration when determining its strategic direction and priorities. The Board also sets the executive compensation framework based on the principle of linking pay to performance. The Manager’s business plans incorporate these ESG factors and targets, which are then translated into both quantitative and qualitative performance targets, including corporate practices and cascaded throughout the organisation. As an industry leader, CLAR continuously identifies and adopts meaningful ESG practices, supporting the development of sustainability practices across the real estate sector. CLAR’s sustainability performance has been highly rated by GRESB7 as well as globally recognised benchmarks and indices such as MSCI ESG Rating, FTSE4Good Developed Index and FTSE4Good Developed Minimum Variance Index. CLAR has also been included in the SGX Fast Track Programme which affirms listed issuers that have been publicly recognised for good corporate governance standards and compliance track record and accords prioritised clearance for selected corporate action submissions. 7 GRESB is a mission-driven, industry-led organisation that empowers the financial industry to advance environmental, operational, and financial sustainability across real assets in climate-critical industries. CapitaLand Ascendas REIT 02
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