SUSTAINABILITY REPORT 2023 27 ENVIRONMENTAL ENVIRONMENTAL AND MANUFACTURED CAPITAL Green Lease Beyond operating environmentally sustainable properties, we recognise the significant roles played by end-users of our properties. We collaborate with tenants closely to align with both CLCT’s and their sustainability goals. As of 31 December 2023, all CLI-managed properties19 in our portfolio have implemented green leases. Additionally, a green fit-out guide is provided to new tenants to encourage greener fit-outs and promote sustainable practices and behaviour. LIFE CYCLE MANAGEMENT: CLI’S SUSTAINABLE BUILDING GUIDELINES CLCT adheres to CLI’s Sustainable Building Guidelines (SBG) for its new acquisitions and refurbishment works. The SBG is an in-house guide developed since 2007 to ensure that environmental considerations are factored in at all stages of a project, from feasibility, design, procurement, construction, operation to redevelopment. The SBG is regularly reviewed to ensure continuous improvement, with a focus on four key objectives of minimising carbon footprint and energy consumption, water management, reducing the generation of waste, and promoting biodiversity in the real estate life cycle. Environmental, Health and Safety Impact Assessment (EHSIA) A key component of the SBG is the mandatory EHSIA. An EHSIA is carried out during the feasibility study of CLCT’s acquisitions as part of its due diligence. This involves establishing the baseline environmental performance such as energy efficiency and comparing it against CLI’s 2030 sustainability targets. The assessment also includes transition and physical risks and opportunity considerations, as well as the application of an internal carbon price. This assessment would guide CLCT to consider EHS risks and opportunities upfront and identify mitigation measures earlier. The significant findings of the EHSIA and their cost implications are incorporated in the investment paper submitted to Board for approval. Biodiversity We recognise our role in protecting the natural environment and is committed to preserving the biodiversity of our sites as well as the wider area wherever possible. All CLCT’s properties are located in urban and built-up areas. There are no sites located within protected areas and hence no material biodiversity risk is identified. Greenery is incorporated within our properties to enhance the wellness of our end-users and the vitality of the surrounding communities over the long-term. CLI’s SBG encourages the use of certified wood (e.g. wood products with Forest Stewardship Council, Program for the Endorsement of Forest Certification certifications) and other more sustainable wood materials and products such as composite wood, engineered wood and bamboo. As part of CLI’s EMS, CLCT ensures wastewater is responsibly disposed of via municipal facilities to prevent water pollution and impact on biodiversity. 19 Refers to green leases implemented for new and renewed leases. Cover CLCT properties managed by CLI. Property Certification Year of Certification Retail Rock Square LEED Gold 2022 CapitaMall Wangjing LEED Gold 2022 CapitaMall Xizhimen LEED Gold 2023 Business Park Singapore-Hangzhou Science & Technology Park (Plot 1B) LEED Gold 2014 Singapore-Hangzhou Science & Technology Park (Plot 1A) LEED Gold 2023 Ascendas Innovation Tower LEED Gold 2023 Ascendas Innovation Hub LEED Gold 2023
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