CapitaLand China Trust - Sustainability Report 2021

Board Statement At CapitaLand China Trust, sustainability is at the core of everything we do. We are committed to growing in a responsible manner, delivering long term economic value, and contributing to the environmental and social well-being of our communities. The material environmental, social and governance (ESG) factors have been identified and encapsulated in the CapitaLand 2030 Sustainability Master Plan, which was launched in 2020, and will be reviewed by the Board of the Manager of CLCT together with management every two years. The CapitaLand 2030 Sustainability Master Plan steers our efforts on a common course to maximise impact through building a resilient and resource efficient real estate portfolio, enabling thriving and future-adaptive communities, and accelerating sustainability innovation and collaboration. Ambitious ESG targets have been set which include carbon emissions reduction targets validated by the Science Based Targets initiative (SBTi). The Board of the Manager of CLCT is responsible for overseeing the Company’s sustainability efforts, and takes ESG factors into consideration in determining its strategic direction and priorities. The Board also approves the executive compensation framework based on the principle of linking pay to performance. The Manager’s business plans are translated to both quantitative and qualitative performance targets, including sustainable corporate practices and are cascaded throughout the organisation. We are pleased to present CLCT’s first stand-alone Integrated Sustainability Report (ISR) for FY 2021. This Report is an affirmation of our commitment to sustainability and reinforces the view that sustainability is intrinsically linked to how we deliver value to our stakeholders. With this standalone report, we seek to highlight in greater detail our sustainability approach, measures implemented during the year, performance of our material topics, and our ESG targets. RECOGNISING THE IMPORTANCE OF SUSTAINABILITY Our sustainability efforts are guided by CapitaLand, one of the leading real estate companies driven by sustainability. Together with the CapitaLand SustainabilityCouncil,we identifiedandmanaged the Environmental, Social and Governance (ESG) related issues and considered the key risks and opportunities when formulating the sustainability strategies for CLCT. This includes assessing climate-related risks and opportunities as part of overall environmental risk management to improve business resilience. This approach has been disclosed in this Report in accordance with the TCFD recommendations. We are also proud to announce the formation of CLCT’s Sustainability Management Committee, spearheaded by the CEO and supported by the senior management heads, which aims to further integrate sustainability into all aspects of our business strategy. CapitaLand China Trust 06