MESSAGE FROM CHAIRMAN “ Being APAC’s largest real asset manager powered by the New Economy, ESR recognises the importance of effective sustainability practices and places ESG at the heart of our business practices as we actively integrate ESG factors into our business decisions.” 2021 has again been a challenging year for the world. The global COVID-19 pandemic has fuelled an economic downturn that has affected individuals and businesses, causing losses and suffering for people, families and communities. Nevertheless, new work patterns and the accompanying changes in market demand have created a new era of opportunity in the real estate industry. Although there are adverse effects on the global supply chain caused by COVID-19, we have utilised the resources at our disposal in such a manner that minimises disruptions. Under new patterns of life after the pandemic, the ability of companies to manage and respond to changes is to be tested. As our attention moves towards normalcy, we must continue to stay focused on our sustainability goals and ESG 2025 Roadmap ahead. Our sustainability strategy seeks to address social and environmental challenges but also to create profound business opportunities. Stakeholders’ expectations continue to evolve. As investors, businesses and public institutions have more expectations of our investment, fund management and development businesses, they also want to partner with us and share common values and interests. Being APAC’s largest real asset manager powered by the New Economy, ESR recognises the importance of effective sustainability practices and places ESG at the heart of our business practices as we actively integrate ESG factors into our business decisions. Our Board of Directors has the overall stewardship and responsibility for ESG strategies and direction. By maintaining our responsible investment approach with a strong focus on ESG, we seek to enhance shareholder value and deliver positive impacts on society and the environment. We are thrilled to have successfully acquired ARA Asset Management Limited (“ARA”), including its subsidiary LOGOS, in January 2022. This enabled us to transform the Group’s growth trajectory and bring together the best-in-class sustainability practices to drive initiatives and synergies going forward. ARA and LOGOS’ pioneering efforts in sustainability will help us strengthen our foothold and commitment to ESG. As we move into the next chapter of ESR’s journey, we will continue to expand our ESG efforts across the enlarged Group. For one, we will ramp up the generation of renewable energy from solar as ESR controls more roof space than anyone in APAC and this is a crucial part of our long-term goal to reach net zero carbon. In the areas of responsible investing, ESR will officially become a signatory of UN-PRI over the coming months. On the environmental front, we are committed to achieving more green building certifications and sustainable financing as part of our holistic approach to embracing a sustainable future. Moving forward, we will continue to advance our ambitious plans and stay ahead of the changing ESG landscape. With a clear sustainable purpose, we will continue to build on our momentum as a responsible manager and good corporate citizen. On behalf of the Board of Directors, we encourage you to read the details of this report. We appreciate your feedback and continued support. Jeffrey David Perlman Chairman 31 May 2022 ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT 2021 3 VISION FOR SUSTAINABLE DEVELOPMENT
RkJQdWJsaXNoZXIy ODIwNTc=