CapitaLand China Trust - Sustainability Report 2021

CapitaLand China Trust (CLCT) is Singapore’s largest China-focused real estate investment trust (REIT). This is CLCT’s maiden Integrated Sustainability Report (ISR), and it aims to provide a comprehensive overview of the organisation’s Environmental, Social and Governance (ESG) performance. INTERNATIONAL STANDARDS AND GUIDELINES This report is prepared in accordance with the Global Reporting Initiative (GRI) Standards “Core” option, and the Singapore Exchange Securities Trading Limited’s (SGX-ST) Listing Manual Rules 711A and 711B. The GRI Standards have been selected as it is an internationally recognised sustainability reporting framework that covers a wide range of disclosures that is relevant to CLCT. This Report incorporated elements of the Integrated Reporting (IR) Framework of the International Integrated Reporting Council and references the Sustainable Development Goals (SDGs) of the United Nations (UN). CLCT has embarked on reviewing and executing the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) in this Report. REPORTING SCOPE AND PERIOD CLCT is managed by CapitaLand China Trust Management Limited (the Manager), a wholly-owned subsidiary of Singapore-listed CapitaLand Investment Limited (CLI), one of Asia’s largest diversified real estate groups. The Manager and property management teams that are responsible for the REIT as well as the property and portfolio operations of CLCT, are identified as employees of the REIT. The independent members of the Board (which is part of the Manager) are not employees of the REIT. This Report covers 22 properties within CLCT’s portfolio for the financial period from 1 January 2021 to 31 December 2021 (FY 2021) - 13 retail properties (including two divested in FY 2021), five business parks and four logistics parks properties, unless otherwise stated. Taking guidance from the operational control as defined by the Greenhouse Gas (GHG) Protocol Corporate Standard, the environmental performance of 15 properties which are under operational control have been covered in this Report. These properties are CapitaMall Xizhimen, Rock Square, CapitaMall Wangjing, CapitaMall Grand Canyon, CapitaMall Xuefu, CapitaMall Xinnan, CapitaMall Nuohemule, CapitaMall Yuhuating, CapitaMall Aidemengdun, CapitaMall Qibao, Ascendas Xinsu Portfolio, Ascendas Innovation Towers, Ascendas Innovation Hub, Singapore-Hangzhou Science & Technology Park Phase I and Singapore- Hangzhou Science & Technology Park Phase II. As the Manager and property management teams do not have operational control of CapitaMall Shuangjing, Shanghai Fengxian Logistics Park, Kunshan Bacheng Logistics Park, Wuhan Yangluo Logistics Park and Chengdu Shuangliu Logistics Park, these properties will be excluded from the calculation of CLCT’s environmental performance. CLCT’s FY 2021 environmental performance also excludes both CapitaMall Minzhongleyuan and CapitaMall Saihan as these properties were divested in FY 2021 and not operational during the year. This Report is to be read in conjunction with CLCT’s Annual Report 2021. About This Report Integrated Sustainability Report 2021 03