37 Environmental, Social and Governance Report 2023 PILLAR 2: PROPERTY PORTFOLIO We have established environmental targets and objectives for each of these focus areas, aligning them with our commitments to improve asset operations and work towards a sustainable future. The table provided below presents the goals that we aim to achieve by 2030. Focus Areas Goals Progress Sustainable & Efficient Operations Maximise the generation of renewable energy from our properties’ roof space, being the largest in APAC, and pursue potential business initiatives which focus on the funding and managing of green energy. Pursue a structured and well-planned decarbonisation plan for the entire portfolio in the longer term, with milestone targets. 2030 Roadmap Target: Install 1,000 MW of rooftop solar power capacity 2030 Roadmap Target: Reduce energy consumption intensity in line with the Group’s Net Zero Carbon commitment and decarbonisation roadmap 112 MW of rooftop solar power capacity installed across our assets globally. We are on track to develop our overall Net Zero Strategy and Decarbonisation Roadmap as part of the transition to net zero, with the advisory support from an external consultant. Synergistic partnerships were launched across major markets over the past year to complement the Group’s overall decarbonisation efforts. Sustainable Building Certifications Increase sustainable building certifications and ratings across all markets and accelerate in green financing to support continued business growth and align our portfolio towards facilitating transition to a low-carbon economy. 2030 Roadmap Target: 50% of the Group’s portfolio certified/rated 42.8% of the Group’s portfolio of completed, directly-managed assets were awarded sustainable building certifications and/or ratings, representing approximately 13.4 million sqm in GFA. Climate Change Resilience Manage and mitigate climate-related risks and assess the impact of the future cost of climate change to the business, in alignment with the core elements of the Taskforce on Climate-related Financial Disclosures (TCFD) — now under the purview of the International Sustainability Standards Board (ISSB). The Group continues to progress in our journey to align our climate-related disclosures in accordance with the recommendations under the TCFD Framework, which are now incorporated under the IFRS S2 Standard and under the purview of the ISSB. Several of our business units, including listed REITs and private funds, have incorporated these recommendations into their reporting framework, which seeks to assess and disclose both the non-financial and financial impacts of climate-related risks and opportunities on the business. Property Portfolio
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