Business Ethics CLAR’s Impact CLAR upholds robust corporate governance by regularly reporting on its sustainability performance, adhering to ethical standards, and practicing transparency and accountability. Emphasis on ethical and sustainable business practices allows CLAR to build trust and integrity among stakeholders, thereby setting an industry benchmark for excellence. How CLAR Manages its Impact Policies and procedures are in place to explicitly set out ethical business conduct and practices. Some of the key policies and procedures established are as follows: Board Diversity Targets The following Board Diversity targets were achieved by CLAR in FY 2025. Please refer to pages 78-79 in the Corporate Governance Report in AR 2025 for further information. • To have at least 25% and 30% female Directors on the Board during the period leading up to 2025 and 2030. • To ensure that the Board comprises Directors across diverse age groups and to maintain such level of age diversity during the period leading up to 2026. • To ensure that the Board comprises Directors across the relevant tenure groups and to maintain such level of tenure diversity during the period leading up to 2026. • To ensure that the Directors, as a group, possess: (a) a variety of skill sets, including in core competencies, domain knowledge and other fields of expertise, such as finance, banking, real estate and investment management; and (b) a mix of industry experience, management experience and listed company board experience, by 2026, or (if applicable) to maintain such level of diversity in skill sets and experience during the period leading up to 2026. Targets and Progress Ethics and Code of Conduct Policy At CLAR, business ethics is defined by CLI’s Ethics and Code of Conduct Policy. This includes clearly documented policies and work procedures with internal controls, ensuring proper checks and balances are implemented. The policy addresses issues like confidentiality, conduct and work discipline, corporate gifts, and concessionary offers. Whistle-Blowing Policy The whistle-blowing policy offers a means for early identification of misconduct, fraud and compliance breaches, enabling the Manager to take swift corrective actions. CLAR provides employees and stakeholders with well-defined, accessible, and reliable channels to report suspected fraud, corruption, dishonest practices or other improprieties in the workplace. Submissions can be made via email to Whistleblowing. ACChair@capitaland.com. Board Diversity Policy The Board Diversity Policy balances diversity with competence, fostering a variety of perspectives and experiences while upholding high standards of governance and decision-making. It demonstrates CLAR’s commitment to fairness, inclusivity, and adaptability in an ever-changing international business environment. Sustainability Report 2025 47
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