VISION FOR SUSTAINABLE DEVELOPMENT Environmental, Social and Governance Report 2022 14 ESG in Action ARA: LAZADA ONE In 2020, ARA and Chelsfield jointly redeveloped Lazada One, an eleven-storey commercial building in Singapore with a S$385.8 million green loan from DBS Bank and United Overseas Bank to finance the acquisition and asset enhancement. Smart technology, eco-friendly features and green spaces were incorporated as part of the asset enhancement initiatives to improve energy efficiency and enhance occupant well-being. In recognition of our improvement in environmental performance during the reporting period, Lazada One obtained the Green Mark Platinum, the highest accolade awarded by the Building & Construction Authority (BCA) in Singapore. Stakeholder Engagement Implemented environmental stewardship initiatives by engaging tenants and suppliers on the following: • Sustainable Policies • Green Procurement Policy • Green Education Corners • Monthly community programmes and activities for tenants to cultivate a healthy and active lifestyle Sustainable Building Certifications Awarded the BCA Green Mark Platinum award, the highest green building rating from BCA for buildings demonstrating high environmental performance with energy and water savings, environmentally sustainable building practices, as well as green and innovative features Strategic Locations Strategically located in Singapore’s established commercial district and near public transportation networks, providing accessibility and minimising environmental footprint for tenants Sustainable & Efficient Operations Full array of sustainable elements features to mitigate environmental impact including: • Building facade fins that reduce solar radiation, contributing to ~40% reduction in electricity consumption • High-efficiency artificial lighting system (LED) at common areas • Recycling and electric vehicle charging facilities • CO sensors for carpark mechanical ventilation system • Variable speed drives for water-cooled chiller systems • NEWater as alternative water source for cooling tower make-up, hosereel and sprinkler tanks • Variable speed drives for air handling units and mechanical ventilation systems • Carbon dioxide sensors for air handling units to optimise indoor air quality • Vertical planter at rooftop to improve air quality and enhance biodiversity • Landscape irrigation system to improve water efficiency Flexible & Adaptable Properties Deployed smart technologies to reduce material degradation and maximise flexibility and well-being of our occupants: • Lift systems with variable voltage variable frequency and sleep mode • Occupancy sensors at toilets, staircases, and pantry areas • Use of smart mobile app to provide contactless turnstile access into building Reporting & Disclosure To meet the rigorous BCA Green Mark recertification criteria, the property management team actively monitors and tracks the environmental performance of the building and explore the adoption of green building technologies to improve the energy and water efficiencies
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