ESR-REIT Annual Report 2024 121 ABOUT ESR-REIT’S SUSTAINABILITY REPORT 2024 About this report This Sustainability Report summarises ESR-REIT’s Environment, Social, and Governance (“ESG”) management, targets and performance for the financial year ending 31 December 2024 (FY2024). As of 31 December 2024, our portfolio comprises 52 properties in Singapore, 18 in Australia, and 2 in Japan. For the complete list of properties, please see pages 60 to 67 of the Annual Report. In alignment with ESR Group’s ESG data scope and reporting boundary, the Environmental data disclosed in this report relates to the multi-tenanted buildings (“MTBs”) which the Manager has operational control over. 20 Tuas South Avenue 14 is excluded from disclosure as it was acquired on 29 November 2024 and we do not have complete environmental data. The Social and Governance data relates to the Manager’s operations, employees and its property managers. For a holistic understanding of our company’s performance and sustainability efforts, please refer to our Annual Report in conjunction with this Sustainability Report. ESR-REIT’s Board of Directors (the “Board”) and Board Sustainability Committee (“BSC”) have reviewed and approved the report. The report was prepared referencing the following standards, frameworks, and regulations, where applicable: • In accordance with Global Reporting Initiative (“GRI”) Universal Standards 2021 • Climate-related provisions in IFRS S1 General Requirements for Disclosure of Sustainabilityrelated Financial Information and IFRS S2 Climate-related Disclosures • The Sustainability Accounting Standards Board (“SASB”) Standards for Real Estate • Singapore Exchange Securities Trading Limited’s (“SGX-ST”) Listing Rules 711A and 711B with Practice Note 7.6 • United Nations Sustainable Development Goals (“UN SDGs”) This report aligns with the GRI Universal Standards 2021 to enable global consistency and comparability. Building onto the Taskforce on Climate-related Financial Disclosures (“TCFD”), which are now incorporated under the IFRS S2 requirements and under the purview of the International Sustainability Standards Board (“ISSB”), we are progressively aligning with the climate-related disclosure requirements of IFRS in the coming years, such as reporting against SASB and quantifying climate risks. Such disclosures will better reflect the financial impacts of climate change on our portfolio. The report also references the following guidelines: • SGX-ST’s 27 Core Metrics • Monetary Authority of Singapore’s (“MAS”) Guidelines on Environmental Risk Management for Asset Managers To promote transparency and credibility, ESR-REIT has engaged PricewaterhouseCoopers Risk Services Pte. Ltd. to conduct an Internal Audit Review of our current sustainability reporting process primarily based on enquiry, observation and supplemented by limited testing of transactions, reports and reconciliations. To the extent applicable, the review process further strengthened our risk and governance processes, internal controls, and systems. SUSTAINABILITY REPORT
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