Sustainability Strategy Framework

As the Manager of Sunlight REIT, we provide property management services to our tenants, our operational practices, including energy consumption, waste and water management as well as climate change management which may create adverse impacts to our environment and natural resources. In this regard, the Manager has established a sustainability strategy framework to ensure responsible operations across all facets of our business. Aligned with our 2030 Sustainability Vision, the sustainability strategy framework is built upon these core elements:

Strategic pillars

Indispensable building blocks for business continuity where sustainability risks and opportunities are considered and addressed.

Focus areas

ESG priorities upon which our sustainability goals and targets are established.

Sustainability benchmarks

Align sustainability focus areas with UNSDGs.

Business foundations

Good corporate governance is fundamental to long-term business viability while “capital” and “relationship” represent the two facets reflecting our core business foundations.

During the Reporting Period, the ESG Committee reviewed the sustainability strategy framework and refined the definition and grouping of certain focus areas as well as amended several targets in light of the latest sustainability developments of Sunlight REIT.

UNSDGs are considered and included in our sustainability strategy framework. Based on the recommendations from our ESG consultant, we have adjusted our benchmarking from eight to nine UNSDGs. This adjustment underscores our dedication to aligning with global sustainability standards. According to “The 2030 Agenda for Sustainable Development”, nine of which are in line with our strategic pillars and focus areas, namely Good Health and Well-being (SDG3), Affordable and Clean Energy (SDG7), Decent Work and Economic Growth (SDG8), Industry, Innovation and Infrastructure (SDG9), Reduced Inequalities (SDG10), Sustainable Cities and Communities (SDG11), Responsible Consumption and Production (SDG12), Climate Action (SDG13) and Partnerships for the Goals (SDG17).