140 STRATEGICALLY ADVANCING ENVIRONMENTAL How We Manage Energy Use and Carbon Emissions Our property management and asset management teams oversee and recommend strategies for managing energy consumption and decreasing Energy Use Intensity (“EUI”). Their operational experience has contributed to the development of the decarbonisation roadmap for our portfolio across Singapore, Australia and Japan. Moving forward, the energy efficiency and emission reduction initiatives, such as renewable energy installations, will be guided by these roadmaps. Impact of Energy Use and Carbon Emissions on Stakeholders Energy consumption is a significant contributor to our carbon footprint. Implementing energy-saving measures and optimising operational efficiencies can reduce operating costs and benefits both the Manager and tenants. In light of the current volatile energy market, our efforts to reduce energy consumption are particularly important. Furthermore, our efforts to reduce energy consumption also impact our Scope 2 and Scope 3 GHG emissions, which are closely monitored and managed to ensure alignment with our medium to long-term energy and carbon reduction targets. MATERIAL TOPIC: ENERGY AND CARBON FOOTPRINT Targets Time Horizon 2024 Performance Achieve 7.0% reduction in energy consumption for Singapore MTBs’ common area with operational control by FY2030, compared to FY2023 Medium Term Absolute energy consumption reduced by 20.5% from FY2023 to FY2024 Achieve 7.0% reduction in energy intensity for Singapore MTBs’ common area with operational control by FY2030, compared to FY2023 Medium Term Energy intensity reduced by 17.7%, and 16.6% excluding consumption from green energy, from FY2023 to FY2024 New Achieve total 15.0% reduction of absolute Scope 1 and 2 emissions for Singapore MTBs’ common area with operational control by FY2027 from baseline year FY2023 Medium Term Scope 1 and 2 emissions for Singapore MTBs’ common area reduced by 17.4%, from FY2023 to FY2024 New Achieve total 25.0% reduction of absolute Scope 1 and 2 emissions for Singapore MTBs’ common area with operational control by FY2030 from baseline year FY2023 Medium Term On track Updated Achieve total solar capacity of 30 MWp for the Singapore portfolio by FY2030 Medium Term Solar capacity of the Singapore portfolio increased to 15.5 MWp in FY2024
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