ESG is deeply embedded within our corporate culture. As APAC’s leading New Economy real asset manager, we aspire to be thought leaders who proactively set the standard and lay the foundation for a sustainable future. Reflecting our commitment to the United Nations Sustainable Development Goals (SDGs), we identified 15 focus areas as part of our ESG Framework and Roadmap, to highlight the strategic importance and enhance the ESG value we deliver to our stakeholders. We are pleased to share that our first year as an enlarged Group has yielded commendable achievements in the pursuit of our ambitious ESG targets. Throughout the year, we focused on driving strategic initiatives to realise our environmental commitments, advance our social agenda, and strengthen our corporate performance. This report highlights our ESG performance and case studies on our approach to fulfil these commitments. Listed below are a few notable achievements during the year: • Testament to our ESG credentials, we secured approximately US$3 billion in Sustainability-Linked Loans across the enlarged Group, as we continued to integrate ESG considerations into our investment and asset management practices. • Recognition of our ESG performance in various leading global sustainability benchmarks and rankings — attaining outstanding results in the 2022 GRESB Assessment and achieving “A” in MSCI ESG Ratings and “Low Risk” in Sustainalytics ESG Risk Ratings. • As part of our decarbonisation efforts in the transition to a low-carbon future, we exceeded our target to increase solar power generation capacity, with the installation of approximately 100 MW of rooftop solar panels across our global portfolio of assets. • We pushed the boundaries of innovation to provide best-in-class real assets and solutions for our stakeholders, by leveraging state-of-the-art technologies to increase efficiency and reduce carbon footprint. Some of these innovations include our first domestic rooftop solar project in China, the development of South Korea’s first hydrogen powered fulfilment centre, and our partnership with Enerbank to provide renewable energy certificates in Japan. Across the enlarged Group, 39% of our portfolio of completed directly managed assets were awarded sustainable building certifications and ratings. • To build a more inclusive and equitable workplace, we increased the proportion of female representation to approximately 45% and continued to foster a human centric environment in our design philosophy for our tenants across the Group. This is exemplified by the creation of nine BARNKLÜBB daycare centres at our distribution centres in Japan, to support employees and their families with greater flexibility and inclusiveness. • We are committed to investing in both our internal and external stakeholders, through employee training and development programmes, internship opportunities for local tertiary students, as well as offering scholarships to encourage and motivate students to achieve greater heights. These initiatives create a social multiplier effect which uplifts the communities we believe in developing. Going forward, we believe our enlarged Group can harness greater synergies and leverage on our expanded scale, offerings and capabilities to deliver meaningful and sustainable value for our stakeholders. We thank our Board of Directors for their leadership and strategic direction on ESG, and our management teams, staff, investors, business partners, customers and communities for their invaluable support as we continue our ESG journey. We hope that you will find our 2022 ESG Report informative and enjoyable to read. Together, we strive to be a leading provider of Space and Investment Solutions for a Sustainable Future. Stuart Gibson and Jinchu Shen Group Co-founders & Co-CEOs 28 April 2023 STUART GIBSON AND JINCHU SHEN Group Co-founders & Co-CEOs VISION FOR SUSTAINABLE DEVELOPMENT Environmental, Social and Governance Report 2022 7 Letter from our Group Co-founders & Co-CEOs “Throughout the year, we focused on driving strategic initiatives to realise our environmental commitments, advance our social agenda, and strengthen our corporate performance.”
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