4 Strategic Pillars and 11 Focus Areas
Green buildings and energy efficiency
Obtain green building certifications for four properties (DSFC, SSC, MCPI and Strand 50) by FY2025/26
Obtain good class or above lAQ certificates for 50% of properties (by total gross rental area (“GRA”) by FY2025/26
Regularly assess, review and introduce ESG-driven building technology in our portfolio
Reduce 25% energy consumption by FY2030
Waste and water
Develop policy and system to record quantity of certain recyclables3 for selected wholly-owned properties by FY2021/22
Conduct water risk assessment by FY2021/22
Divert 15% waste from landfill by FY2030
Reduce 25% water consumption by FY2030
Climate change and carbon emissions
Conduct carbon audit by
FY2025/26
Comply with the new climate-related disclosure requirement under the ESG Reporting Code by FY2025
Reduce 25% carbon emissions by FY20304
Conduct carbon audit for 80% of properties (in terms of total GRA) by FY2030
Employee engagement and well-being
Conduct annual employee well-being survey by FY2022/23
Conduct biennial employee well-being survey
Health and safety
Evaluate occupational health and safety training needs of employees by FY2025
Corporate culture and training
Develop employee learning and development plan by FY2025
Increase 30% average training hours per employee by FY2030
Tenant satisfaction and well-being
Establish green lease program by FY2027
Supply chain management
Develop and implement green procurement system by FY2025/26
Develop supply chain risk assessment system by FY2026
Sustainable finance
Develop sustainable finance framework by FY2026
Maintain 60% or above of total borrowings as sustainability-linked loans
Placemaking and community investment
Increase 50% volunteering hours by FY2030
Increase 100% CSR investments by FY2030
Collaborations with NGOS
Conduct impact measurement for major CSR initiatives by FY2030
Notes:
- For environmental KPIs, the baseline year is FY2015/16, while the baseline year for social KPIs is FY2017/18.
- Pursuant to the change of financial year end date of Sunlight REIT from 30 June to 31 December, we have adjusted the completion date of sustainability targets.
- Recyclables comprise waste paper, plastic bottles, aluminum cans, glass bottles, fluorescent tubes, ink cartridges, rechargeable batteries as well as waste electrical and electronic equipment.
- Due to the change in calculation methodology for Scope 3 emissions, the carbon emissions of this target include Scope 1 and 2 emissions only. We will review whether a new target for Scope 3 emissions should be set.