KEY TRENDS SHAPING OUR INDUSTRY At CLCT, we recognise the importance of identifying and navigating global trends and environmental changes that may impact our business operations, portfolio performance, and future investments. We stay abreast of emerging trends to seize opportunities and tackle challenges in an ever-changing real estate landscape. Outlined below are the key global trends identified that will have a significant impact on the industry. These trends shape our approach and guide our adaptation strategies to ensure continued success. ENVIRONMENTAL, SOCIAL & GOVERNANCE (ESG) AND SUSTAINABILITY The increasing awareness and societal expectations for landlords to reduce their carbon footprint have elevated the focus on ESG, carbon neutrality targets, and disclosure. There is also growing demand for properties with green certification. Proactively identifying and managing emerging ESG risks will be instrumental in maintaining a competitive edge. CLCT’s Approach: » Contribute to CLI’s target of achieving Net Zero carbon emissions for Scope 1 and 2 by 2050. » Incorporate Task Force on Climate-related Financial Disclosures (TCFD) recommendations in our annual report. » Accelerate efforts to reduce properties' carbon footprint and increase the use of renewable energy. CLCT introduced the use of renewable energy at our Ascendas Innovation Tower and Ascendas Innovation Hub. » Attain green certification for all existing properties in the portfolio by 20301. In 2023, we attained LEED gold certification for four assets. » Participate in annual GRESB Assessment for benchmarking purposes. CLCT achieved 5 Star rating for 2023 GRESB Real Estate Assessment and A for public disclosure. For more information, please refer to CLCT's Integrated Sustainability Report 2023 that will be available from mid-April 2024. 1 1 Cover CLCT properties managed by CLI. 26 CAPITALAND CHINA TRUST
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