CapitaLand China Trust - Sustainability Report 2023

SUSTAINABILITY REPORT 2023 65 APPENDIX TCFD RECOMMENDATIONS Introduction CLI started to align its climate-related disclosures with the Task Force on Climate-related Financial Disclosures (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 are striving to continuously enhance the reporting against the TCFD recommendations. Disclaimer The purpose of this section is to provide climate-related disclosures which contain information related to climate risks and opportunities, consistent with the Task Force on Climate-related Financial Disclosures (TCFD) recommendations. The information and opinions contained in this section are provided as of the date they are made and subject to change. This section contains forward-looking statements and statements of opinion. All statements, other than statements of historical fact, including without limitation, statements regarding the plans, strategies and objectives of management in relation to climate and CLCT’s future performance, are forward-looking statements. Forward-looking statements are predictive in character and involve subjective judgement, assumptions and analysis, and can be subject to potentially significant risks, uncertainties and other factors, many of which are outside the control of, and are unknown to, CLCT. Other unpredictable or unknown factors not discussed in this section could also have material adverse effects on forward-looking statements. CLCT does not undertake any obligation to publicly release the result of any revisions to these forward-looking statements to reflect events or circumstances after the date hereof to reflect the occurrence of unanticipated events. Users of this section are cautioned not to place undue reliance on such statements, particularly in light of the long-term horizon which this section discusses and the inherent uncertainty in possible policy, market and technological developments in the future. CLCT will continue to publish relevant climate-related disclosures in its future Sustainability Reports and users of this section are advised to check its website for and refer to the latest published report. While CLCT has prepared the statements in good faith, there are also limitations with respect to climate scenario analysis which was derived from a third-party platform. The degree of potential risk identified in this platform does not consider mitigation or adaptation strategies that may be in place or are being implemented at the portfolio company or specific asset. It also does not consider planned mitigation or adaptation strategies at the country level. The climate scenario analysis in this section was reviewed with and augmented by another third-party consultant. Scenario analysis is not an indication of probable outcomes and relies on assumptions that may or may not prove to be correct or eventuate. Scenario analysis is a process for identifying and assessing the potential implications of a range of plausible future states under conditions of uncertainty. Scenarios are hypothetical constructs and not designed to deliver precise outcomes or forecasts. Additionally, scenarios are not warranted or guaranteed to be free from technical inaccuracies or omissions. Instead, scenario analysis provides a way for organisations to consider how the future might look if certain trends continue or certain conditions are met. In the case of climate change, for example, scenarios allow an organisation to explore and develop an understanding of how various combinations of climate-related risks, both transition and physical risks, may affect its businesses, strategies, and financial performance over time35. While every effort was made to provide accurate and complete information, CLCT does not represent or warrant that the information in this Section is free from errors or omissions, or is complete. This section is not intended to be and should not be relied upon as advice to investors or potential investors. In particular, no representation or warranty is given as to the accuracy, likelihood of achievement or reasonableness of any forward-looking statements contained in this Statement or the assumptions on which they are based. Climate scenarios may change and third-party platform outputs may improve over time. Such material is, by its nature, subject to significant uncertainties and contingencies outside of CLCT’s control. Actual results, circumstances and developments may differ materially from those expressed or implied in this report. 35 Pg 25, Recommendations of the Task Force on Climate-related Financial Disclosures

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