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 2021 (“FY 2021”). This report summarises Suntec REIT’s environmental, social and governance (“ESG”) performance in FY 2021, and demonstrates the REIT’s commitment towards the sustainable management of its real estate portfolio.
Suntec REIT continues to focus on its mission in “forging ahead to create, provide and deliver value to all stakeholders”. To enhance sustainable value creations for all stakeholders, the Board takes into consideration ESG risks and opportunities, as well as other sustainability issues as part of its strategic decision formulation in ensuring good corporate governance, prudent financial management, fair employment practices and efficient utilisation of resources.
In FY 2021, the Board has reviewed and determined the material ESG factors identified in the financial year ended 31 December 2020 (“FY 2020”) to remain relevant to Suntec REIT’s sustainability priorities for the current year. The Board will continue to oversee the management and monitoring of these material ESG factors.
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 2021, the Manager achieved a 24.6% and 44.3% reduction in energy and water intensities from FY 2019 levels, partly because of the lower building usage during COVID-19 pandemic and initiatives implemented . 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 2021 PERFORMANCE |
|---|---|
| To reduce energy intensity by 3% in 2024 from FY 2019 levels |  Achieved
|
| To maintain water intensity in FY 2024 from FY 2019 levels | Achieved
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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.
