CapitaLand China Trust - Sustainability Report 2021

Appendix TCFD RECOMMENDATIONS CLCT’s climate-related disclosures in line with the Taskforce for Climate-related Financial Disclosure (TCFD) CLI had started to align its climate related disclosures with TCFD recommendations in the four key areas of governance, strategy, risk management and metric and targets since 2017 and further declared its support for TCFD and its recommendations in 2019. CLI and its REITs, including CLCT, will be enhancing their TCFD reporting and will continue enhancing their implementation of TCFD recommendations. Governance The Board of the Manager of CLCT (the Board) considers sustainability issues as part of its strategic formulation, determines the material ESG factors and oversees the management and monitoring of the material ESG factors. The Board sets the REIT’s risk appetite, which determines the nature and extent of material risks that CLCT is willing to take to achieve their strategic and business objective. As part of the material risk issues being highlighted, climate change has been identified as critical. The Board regularly reviews climate change risks as part of the CLI Enterprise Risk Management (ERM) Framework. The Board is actively involved in discussions on environment-related initiatives, which include climate-related initiatives. Taking the lead from CLI, the Board is updated on relevant performance metrics, e.g. carbon emissions performance and progress on the reduction targets and green certification. They are also kept aware of any environmental incidents, which may include climate-related damages or disruptions. At the REIT level, CLCT works closely with CapitaLand China’s EHS Committee. This EHS committee drives initiatives related to climate-related risks and opportunities, as well as the broader environmental issues. CLCT is looking to set up a specialised sustainability committee, led/chaired by its CEO. In alignment with CLI, the CLCT CEO is responsible for CLCT’s climate change-related targets. A key objective of CLCT’s senior management is to transit to a low-carbon business that is aligned with climate science and build a resilient and resource efficient portfolio. Members of CLCT’s senior management and relevant stakeholders will undergo annual training to further build capacity with respect to climate-related risk and opportunity management. The frequency and content of these capacity building trainings will be regularly reviewed to incorporate emerging issues relating to environmental risk management In line with the Group governance, in 2021, CLI Group-wide sustainability management comes under the purview of CapitaLand Sustainability Council (SC) which comprises two Independent Board members and four executive committee members that report to the CLI Board. CapitaLand’s Management Council consisting of the Group Chief Executive Officer (CEO), all Presidents and/or CEOs of business units and key management officers of the Corporate Office provide strategic management of ESG implementation across the Group. It is supported by the Group Sustainability Office and various work teams to drive continued progress and improvement in the areas of ESG. It was chaired by one of CapitaLand Investment Board’s independent directors and member of its Executive Resource and Compensation Committee and Risk Committee. The work teams comprise representatives from CLI business units and corporate functions. This governance is cascaded from the Group level to CLCT level through the operations of CLCT’s EHS Committee. Ascendas Innovation Towers Ascendas Innovation Hub Integrated Sustainability Report 2021 41

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