PublicationsSustainability Reports

CLCT’s fifth Sustainability Report (SR or Report) aims to provide a comprehensive overview of the organisation’s Environmental, Social and Governance (ESG) performance and reflects our ongoing commitment to responsible and impactful growth. Published in end-April 2026, this Report is available on https://investor.clct.com.sg/sr.html.

International Standards And Guidelines

This SR 2025 has been prepared in accordance with the Global Reporting Initiative (GRI) Standards 2021, an internationally recognised sustainability reporting standard that covers a wide range of disclosures relevant to CLCT's stakeholders. The Report is also in compliance with the sustainability reporting requirements set out in the Listing Manual Rule 711A and 711B of the SGX-ST.

With the Integrated Reporting Framework now consolidated under the International Financial Reporting Standards (IFRS) Foundation, CLCT is transitioning its reporting strategy to align directly with the International Sustainability Standards Board (ISSB). Our business model preserves the fundamental value creation concepts, now interpreted through the lens of the IFRS. It is also aligned with the Sustainable Development Goals of the United Nations (UN SDGs). Additionally, this Report references the IFRS S2 Industry-based Guidance, Volume 36, which prescribes climate-related disclosure topics and metrics for the real estate sector, and outlines CLCT’s risk management framework with reference to the Guidelines on Environmental Risk Management (EnRM) for Asset Managers issued by the Monetary Authority Singapore (MAS).

The IFRS Sustainability Disclosure Standards (IFRS SDS) issued by the ISSB include IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information and IFRS S2 Climate-related Disclosures. Despite the extension of regulatory timelines for mandatory climate-related disclosures in Singapore, CLCT will progressively advance and refine its disclosures and data, ensuring that we are prepared for the full adoption of the ISSB standards as required by the Singapore Exchange Regulation from the financial year commencing on or after 1 January 2028. Accordingly, this Report has taken reference from the IFRS SDS issued by the ISSB.

Where not specified under regulatory reporting requirements, the above standards were selected as they are internationally recognised reporting frameworks covering a comprehensive range of sustainability disclosures relevant to CLCT.

Reporting Scope And Period

As at 31 December 2025, the portfolio comprised eight retail properties, five business parks and four logistics parks, primarily located in Tier 1 and leading cities in China. This Report discloses information on the 17^1,2 properties within CLCT’s portfolio, unless otherwise stated, that were operated and owned by CLCT for the financial period from 1 January 2025 to 31 December 2025 (FY 2025). This SR covers CLCT as disclosed in our financial statements reported in the Annual Report (AR) 2025 (https://investor.clct.com.sg/misc/ar2025.pdf). Unless otherwise stated, the same approach used in our financial statements is also used to consolidate sustainability information and is consistently applied across our reporting boundaries for the financial period.

CLCT adopts the Greenhouse Gas (GHG) Protocol Corporate Standard in disclosing performance data for energy, GHG, water and waste. As such, CLCT only reports the assets that are under the Manager’s operational control. There is no restatement of information this year.

CLCT’s properties are managed by CLCTML, the REIT Manager, and property management teams. The REIT manager in Singapore is identified as an employee of CLCT³. The property management teams in China are reclassified as “workers who are not an employee” in this Report. Additionally, Non-Executive members of the CLCTML Board are not considered employees of the REIT.

This SR has undergone a thorough internal review. To ensure transparency and accuracy, CLI continues to appoint an independent external consultant to externally assure its Global Sustainability Report (GSR) annually, with reference to the ISAE 3000 International Standard on Assurance Engagements. The scope of this external assurance engagement covers CLI and its subsidiaries' (CLI Group) global portfolio and employees, including those of CLCT. CLI’s GSR 2025 will be published by 31 May 2026 on the CLI website.

The annually published SR is recommended to be read alongside CLCT’s AR 2025 for a comprehensive understanding of its business and performance. Reflecting our ongoing commitment to environmental sustainability, this SR is available online and not printed.

Location of Disclosures

Information required under GRI 2021, IFRS S2 Industry-based Guidance, Volume 36, MAS EnRM and the IFRS SDS may be included in this Report by cross-referencing to another source. We have provided the references in the GRI content index as to where this information can be found within the SR.

For any inquiries or feedback, please send them to ask-us@clct.com.sg.

Retail

• CapitaMall Xizhimen
• Rock Square
• CapitaMall Wangjing
• CapitaMall Grand Canyon
• CapitaMall Xuefu
• CapitaMall Xinnan
• CapitaMall Nuohemule
• CapitaMall Aidemengdun

Business Parks

• Ascendas Xinsu Portfolio
• Singapore-Hangzhou Science & Technology Park (Phase I)
• Singapore-Hangzhou Science & Technology Park (Phase II)
• Ascendas Innovation Towers
• Ascendas Innovation Hub

Logistics Parks

• Shanghai Fengxian Logistics Park
• Kunshan Bacheng Logistics Park
• Wuhan Yangluo Logistics Park
• Chengdu Shuangliu Logistics Park

Dear Stakeholders,

FY 2025 has been a year defined by deepened impact, strengthened resilience and continued alignment with CLI’s 2030 SMP. As we build on the solid foundation laid in prior years, our goal remains to create enduring value for our stakeholders and the communities we serve. We are pleased to share our progress this year as we commit to responsible and sustainable growth.

Recognition in Sustainability Leadership

Building on our achievements from previous years, we are proud to share CLCT’s recognitions for sustainability in FY 2025. We retained a 5-star rating in the 2025 GRESB Real Estate Assessment for the third consecutive year, together with an “A” rating for the 2025 GRESB Public Disclosure with a score of 100 points. We continued to maintain a ‘BBB’ rating for our MSCI ESG Ratings and a ‘Low Risk’ rating for the Sustainalytics ESG Risk Ratings.

These accomplishments affirm the effectiveness of our strategies as we integrate sustainability practices across our business.

Sustainable Operations

In FY 2025, we continued making progress in embedding sustainability across our portfolio. The Ascendas Xinsu Portfolio⁴ achieved LEED Gold Certification for the industrial blocks, increasing the share of green certifications in our portfolio to approximately 70%⁵ by gross floor area (GFA), up from 60% in FY 2024. This demonstrates our commitment to raising environmental standards across our properties.

Renewable energy integration has also accelerated in FY 2025, with renewables accounting for 12.2% of our portfolio’s electricity consumption. This was supported by off-site renewable energy purchase agreements for CapitaMall Xizhimen, CapitaMall Wangjing, CapitaMall Grand Canyon, CapitaMall Nuohemule, Ascendas Xinsu Portfolio, Ascendas Innovation Hub, Ascendas Innovation Towers, Singapore-Hangzhou Science & Technology Park (Phase I) and Singapore-Hangzhou Science & Technology Park (Phase II).

Progress in Sustainable Financing

Our Sustainability-Linked Finance Framework continues to be a key driver in strengthening our ESG ambitions. As at 31 December 2025, sustainability-linked loans accounted for 50% of total debt, reflecting our active engagement with financial partners to align capital allocation with our sustainability goals.

Embracing Diversity and Inclusion

Our organisation thrives when we are diverse, inclusive and oriented towards the future. As at 31 December 2025, female leaders comprise 33.3% of our Board of Directors. Across our workforce, we remain committed to fostering an inclusive environment that values diversity not only in gender but also in thought, experience, and cultural backgrounds. This inclusive mindset remains central to driving innovation and building a workplace where every individual can contribute meaningfully.

Strengthening Sustainability Stewardship

Sustainability continues to guide our strategic priorities and operational decisions. We deepened our integration of ESG considerations into our operational decision-making processes, strengthening our sustainability performance and advancing our sustainable financing initiatives. These efforts ensure that environmental and social value creation remains aligned with our long-term business success.

We extend our sincere appreciation for your continued trust and support as we progress in this sustainability journey together.

CHAN KIN LEONG GERRY

Chief Executive Officer