CapitaLand Ascendas REIT - Sustainability Report 2025

Maintaining robust corporate governance grounded in accountability, transparency and sustainability is critical for CLAR to enhance stakeholder value and effectively manage its business. This framework supports the achievement of long-term strategic goals, ensuring that economic goals are balanced with environmental and social responsibilities, and driven by effective leadership. Reinforcing these values, ethics and practices enable CLAR to be a trusted REIT. CLAR’s Approach CLAR’s governance framework is well-defined with precise roles, responsibilities, and decision-making processes, thereby ensuring alignment and accountability among all stakeholders. This comprehensive framework encompasses all business aspects, including strategic direction and oversight, risk management, resource allocation, stakeholder engagement, and the upholding of transparency and accountability. CLAR is committed to the highest standards of compliance and ethics, fostering a culture that reflects its core values and promotes innovation, adaptability, and long-term thinking. Stewarding Responsible Business Conduct and Governance Sustainability Report 2025 45

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