20 CAPITALAND CHINA TRUST VALUE CREATED ENVIRONMENTAL CAPITAL ▶ 43.0%i reduction in carbon emissions intensity. ▶ 36.0%i reduction in energy consumption intensity. ▶ 39.5%i reduction in water consumption intensity. ▶ Achieved 18.6% waste recycling rate in day-to-day operations. ▶ Obtained 4 new LEED Gold certification for CapitaMall Xizhimen, Ascendas Innovation Towers, Ascendas Innovation Hub and Singapore-Hangzhou Science & Technology Park Phase I. ▶ Continued to implement the recommendations and improved on TCFD reporting - for more details, please refer to the TCFD chapter in the Appendix of this report. ▶ Purchased offsite renewable energy at Ascendas Innovation Towers and Ascendas Innovation Hub for the first time (3.0% of portfolio’s electricity consumption). ▶ Completed the installation of 253 solar panels on the roof of Kunshan Bacheng Logistics Park, which will begin operations in 2024. ▶ Retained ISO 14001 certification. MANUFACTURED CAPITAL ▶ Extracting Value - Achieve higher returns through innovative AEIs in: • CapitaMall Yuhuating: AEI spanning ~8,900 sq m with enhanced range of offerings and experiences including Food & Beverages (F&B), Leisure & Entertainment and Education tenants. The improved overall NLA mix is better equipped to cater to today’s catchment needs, which resulted in achieving a rental reversion of approximately +112%. • Rock Square: Recovered 2,310 sq m of supermarket anchor space at Basement 2 and reconfigured the area to enhance overall shopping experience. Introduced trending and popular lifestyle offerings, including Gifts & Toys and specialty F&B. The return on investment (ROI) for this reconfiguration was more than 13%. • CapitaMall Grand Canyon: Transformed an old supermarket area at Basement 1 into 7,740 sq m of refreshed tenant mix that includes a new retail concept supermarket “7Fresh”, as well as 60 popular F&B outlets and trendy retail and amenity stores. Post AEI, rental income for the area grew approximately 50%. ▶ Unlocking Value - Completed divestment of CapitaMall Shuangjing in January 2024, as part of CLCT’s proactive portfolio management strategy to focus on monetising non-core assets and seizing investment opportunities that enhance overall portfolio quality. ▶ Refreshed amenities and facilities to increase stickiness of consumers and tenants to our properties. ▶ Enhanced sustainability efforts and energy efficient initiatives HUMAN CAPITAL ▶ Diversified Singapore and China workforce (20 employees in Singapore and 462 employees in China) • 56.4% male employees and 43.6% female employees • 77.4% aged between 30 and 50 years old ▶ 38% female employees in CLI's senior management positions; 33.3% female employees in CLCT's key management positions ▶ Recorded average of 75.2 training hours per employee • 100% of employees in Singapore attended at least 1 ESG training • 98.3% of employees in China attended at least 1 ESG training ▶ CLI global employee engagement score of 84%, with 93% survey participation ▶ Zero employee work-related fatality and permanent disability ▶ Zero contractor work-related fatality and permanent disability ▶ No reported incidents relating to discrimination, child labour or forced labour in CLCT ▶ Retained ISO 45001 certification SOCIAL & RELATIONSHIP CAPITAL ▶ Organised a series of green events at several malls to raise environmental awareness, such as the 'Happy Plogging' event at Rock Square, where participants combined jogging and litter clean-up across various areas ▶ Held a 8km eco-green run, a weekend family bonding event at Ascendas Xinsu Portfolio that attracted 150 tenants as well as their family members ▶ Organised a series of sporting events and training programs at CLCT’s business parks to promote wellness and environmental sustainability ORGANISATIONAL CAPITAL ▶ As at 31 December 2023, CLCT Board has four female members representing 40%ii of the Board ▶ 98.1% of employees attended Fraud, Bribery & Corruption awareness and Whistle-blowing training ▶ 85.1% of employees attended Cybersecurity training ▶ 100%iii of CLCT's supply chain agreed to abide by CLI’s Supply Chain Code of Conduct FINANCIAL CAPITAL ▶ Secured sustainability-linked loan of S$100 million, forming 31% of the total outstanding loan facilities ▶ Please refer to the following sections in the CLCT Annual Report 2023: • Financial Highlights • Financial Review • Capital Management • Financial Statements i Using 2019 as baseline. ii Following the retirement of Ms Kuan Li Li with effect from 1 January 2024, as at the date of this Sustainability Report, 3 out of 9 Directors (33.3% of the Board) are female. iii This refers to property maintenance and project related contracts for CLCT properties and projects managed by CLI. This includes supply chain complying with their own code of conduct which is equivalent or more stringent than CapitaLand’s Supply Chain Code of Conduct. STRATEGY AND KEY OBJECTIVES
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