134 STRATEGICALLY ADVANCING ECONOMIC How We Manage the Assets and Services We continuously optimise and diversify our portfolios through strategic investments and divestments. Our portfolio management strategy aims to deliver strong, consistent distributions to our Unitholders through a disciplined investment approach focused on high-quality, resilient assets. Our strategy is designed to achieve this goal through three key pillars: active acquisition and development growth, achieving organic growth and exercising prudent capital management. Please refer to page 36 of the Annual Report for further details. Key ways to improve sustainability of real estate portfolio are through conducting strategic AEIs and meeting Green Building Certification standards. This is enabled through creating shared responsibility and collaborations between the Manager and our tenants, leveraging on our new Green Lease arrangements. To be more targeted in our efforts, we have engaged consultants to develop decarbonisation roadmaps for our Singapore, Australia and Japan portfolios. These roadmaps align our portfolio to the Net Zero 2050 target and chart out the various initiatives our assets should implement to achieve the target. Impact of Investment Management on Stakeholders Effective management of our portfolio enables long-term quality returns. This includes supporting sustainable development through the efficient use of resources and investments in green buildings. Enhancing asset quality can benefit tenants and the surrounding community through improved facilities and cost efficiencies, and is associated with higher investment returns for Unitholders. However, to maintain and enhance the long-term value of our assets, we may undertake renovation projects that could temporarily impact rental income and tenant operations. We are committed to maintaining open and transparent communication with affected tenants and Unitholders and will coordinate renovation schedules to minimise disruptions. MATERIAL TOPIC: INVESTMENT MANAGEMENT — QUALITY ASSETS AND SERVICES Targets Time Horizon 2024 Performance Updated Achieve Green Building Certification for 80.0% of Singapore properties (by GFA) by FY2030 Medium Term 28.0% of Singapore Properties (by GFA) have obtained Green Building Certification as at FY2024, with a pipeline of properties to achieve the certifications going forward New Achieve Green Building Certification for 100.0% of Japan properties (by GFA) by FY2030 Medium Term 100.0% of Japan Properties (by GFA) have obtained Green Building Certification as at FY2024 New Apply Green Leases to 100.0% of total Singapore NLA by FY2028 Medium Term Applied Green Leases to 6.6% of Singapore NLA, with new and existing leases identified to incorporate green clauses going forward
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