Sustainability

BOARD STATEMENT

The Board of Directors of the Manager (the “Board”) is pleased to present Suntec REIT’s Sustainability Report for the financial year ended 31 December 2020 (“FY 2020”). This report discloses Suntec REIT’s environmental, social and governance (“ESG”) impacts and its progress towards the goal of sustainable management of its real estate portfolio.

Suntec REIT is focused on its mission in “forging ahead to create, provide and deliver value to all stakeholders”. In achieving the mission, the Board considers sustainability issues as part of its strategic formulation and sets the strategic direction in ensuring good corporate governance, prudent financial management, fair employment practices and efficient utilisation of resources. The Board has approved the material ESG matters and determined them to be relevant for the current year. The Board oversees that these ESG matters are monitored and managed. The Manager stays vigilant in upholding Suntec REIT’s commitments towards sustainability practices and creating value for its stakeholders.

The Manager believes in the importance of integrating sustainability into its business strategies and operations in achieving Suntec REIT’s sustainable economic growth and delivering long-term unitholder value. Suntec REIT achieved the highest 5-star rating in its inaugural GRESB submission in 2020. This is testament to our commitment towards sustainability practices, making a positive impact on the community and the environment as well as our investment in people. Suntec REIT’s sustainability policies, practices and performance are detailed in the sustainability report, which are interrelated to its overall financial performance from the governance, socioeconomic and environmental perspectives.

To access the full Sustainability Report, please click here.

OUR ESG OBJECTIVES

Suntec REIT recognizes the direct and indirect environmental impacts of our business and are committed to identifying and responding to climate change risks. We seek to protect our environment through improving energy and water consumption efficiencies in the buildings we manage, reducing consumption in natural resources based on established targets and raising staff awareness and their commitment towards green causes.

In FY 2020, the Manager achieved a 20.5% and 38.6% reduction in energy and water intensities from FY 2019 levels, partly because of the lower building usage during COVID-19 pandemic. The REIT is on-track to achieve its 2024 targets set for energy and water intensities. The Manager will continue to monitor and review the environmental performance of its portfolio.

FY 2024 TARGET FY 2020 PERFORMANCE
To reduce energy intensity by 3% in 2024 from FY 2019 levels   Archived
To maintain water intensity in FY 2024 from FY 2019 levels   Archived


The Manager is also aligned with ARA Group’s sustainability commitment to prioritize environmental, social and governance considerations. ARA is the first real assets manager in Asia to be a signatory to the World Green Building Council’s Net Zero Carbon Buildings Commitment and has also pledged to the United Nations-supported Principles for Responsible Investment.

For more information on ARA Group’s sustainability journey and roadmap, please click here.