CORPORATE PRESENTATION - 凯德综合商业信托 CAPITALAND INTEGRATED COMMERCIAL TRUST MAY 2022 - CAPITALAND INTEGRATED ...
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CapitaLand Integrated Commercial Trust 凯德综合商业信托 Corporate Presentation May 2022
Disclaimer
This presentation may contain forward-looking statements. Actual future performance, outcomes and results may differ materially from those expressed in
forward-looking statements as a result of a number of risks, uncertainties and assumptions. Representative examples of these factors include (without
limitation) general industry and economic conditions, interest rate trends, cost of capital and capital availability, availability of real estate properties,
competition from other developments or companies, shifts in customer demands, shifts in expected levels of occupancy rate, property rental income, charge
out collections, changes in operating expenses (including employee wages, benefits and training, property operating expenses), governmental and public
policy changes and the continued availability of financing in the amounts and the terms necessary to support future business.
You are cautioned not to place undue reliance on these forward-looking statements, which are based on the current view of management regarding future
events. No representation or warranty expressed or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or
correctness of the information or opinions contained in this presentation. Neither CapitaLand Integrated Commercial Trust Management Limited (“Manager”)
nor any of its affiliates, advisers or representatives shall have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising, whether
directly or indirectly, from any use, reliance or distribution of this presentation or its contents or otherwise arising in connection with this presentation.
The past performance of CapitaLand Integrated Commercial Trust (“CICT”) is not indicative of future performance. The listing of the units in the CICT
(“Units”) on the Singapore Exchange Securities Trading Limited (the “SGX-ST”) does not guarantee a liquid market for the Units. The value of the Units and
the income derived from them may fall as well as rise. Units are not obligations of, deposits in, or guaranteed by, the Manager or any of its affiliates. An
investment in the Units is subject to investment risks, including the possible loss of the principal amount invested. Investors have no right to request that the
Manager redeem or purchase their Units while the Units are listed on the SGX-ST. It is intended that holders of Units may only deal in their Units through
trading on the SGX-ST.
This presentation is for information only and does not constitute an invitation or offer to acquire, purchase or subscribe for the Units.
C a p i t a L a n d I n t e g r a t e d C o m m e r c i a l Tr u s t 凯 德 综 合 商 业 信 托 2
Table of Content
04 22
About Capital
CICT Management
10 25
Portfolio ESG
Overview
14 31
Creating Awards &
Value Accolades
Funan, Singapore
C a p i t a L a n d I n t e g r a t e d C o m m e r c i a l Tr u s t 凯 德 综 合 商 业 信 托 3
About CICT 关于凯德综合商业信托 66 Goulburn Street, Sydney, Australia
CICT - The Proxy For Singapore’s Commercial Real
Estate Market
Market Total Net Portfolio Property
Capitalisation Lettable Area Value
S$15.4 billion (1) 11.5 million sq ft (2) S$23.8 billion (3)
Predominantly Singapore-focused with Diversified across three asset classes;
no more than 20% of portfolio property value overseas all 25 assets are green-rated
Singapore 5 Integrated
Developments (4) 10 Retail
93%
(21 properties) 29% 30%
Portfolio Portfolio
property
Germany
property
value(3) by 4% value(3) by
(2 properties)
geography asset class
Australia
3% 10 Office
Notes: (2 properties) 41%
(1) As at 30 April 2022.
(2) Based on the total NLA (100.0% interest) including retail, office and warehouse; and excluding hotels & convention centre as at 27 April 2022. Excludes JCube which was divested on 10 March 2022, and
includes 66 Goulburn Street and 100 Arthur Street acquired on 24 March 2022 and CapitaSky acquired on 27 April 2022.
(3) Based on valuation of CICT portfolio, including proportionate interests of joint ventures, as at 31 December 2021. Excludes JCube but includes 66 Goulburn Street and 100 Arthur Street which are based on
valuations as at 15 November 2021, as well as 70.0% interest in CapitaSky (formerly known as 79 Robinson Road) based on valuation as at 1 March 2022.
(4) Integrated developments comprises office, retail and hotel or serviced residence components within the same development.
C a p i t a L a n d I n t e g r a t e d C o m m e r c i a l Tr u s t 凯 德 综 合 商 业 信 托 5
Who We Are
Mission
To be globally Vision
recognised as the
premier commercial To deliver stable
REIT and the largest distributions and
proxy for Singapore’s sustainable total
commercial real estate returns to Unitholders
Purpose
Creating inspiring work- Values
play environments and
delightful experiences • Winning Mindset
anchored by a strong • Integrity
ESG commitment • Respect
• Enterprising
C a p i t a L a n d I n t e g r a t e d C o m m e r c i a l Tr u s t 6
CICT’s Investment Merits
We Committed to
generate stable
Are distributions and
Able to tap on
opportunities in
sustainable returns
Singapore and other
to unitholders
developed markets
to drive performance
and growth
Underpinned by a well-
diversified quality
portfolio in strategic
locations that offers
resilience and stability
through market cycles Backed by a strong
sponsor with highly
experienced fund
The largest proxy for and property
Singapore’s management teams
commercial real
estate market with
proven track record
C a p i t a L a n d I n t e g r a t e d C o m m e r c i a l Tr u s t 凯 德 综 合 商 业 信 托 7
Trust Structure Unitholders
As at 27 Apr 2022 Investment Distributions
in CICT Represents
Management Interests of
Manager Services Unitholders Trustee
CapitaLand Integrated HSBC Institutional
Commercial Trust Trustee’s Trust Services
Management
Management Limited Fees Fees (Singapore) Limited
Property Ownership Net Property
Property Managers Management of Assets Income
Services
CapitaLand Retail Office
Management Pte Ltd Properties
1. Asia Square Tower 2
(CRMPL) Property
2. CapitaGreen
Management Fees
3. Capital Tower
CapitaLand 4. Six Battery Road
Commercial Retail and Integrated Developments 5. 21 Collyer Quay
Management Pte. Ltd. 1. Bedok Mall 10. Bukit Panjang Plaza 6. CapitaSky(2)
(CCMPL) 2. Bugis+ (90 out of 91 strata lots) (70.0% interest)
3. Bugis Junction 11. Funan 7. Gallileo, Germany
CapitaLand (RCS) 4. Clarke Quay 12. Plaza Singapura (94.9% interest)(3)
Property Management 5. IMM Building 13. The Atrium@Orchard 8. Main Airport Center.
Pte. Ltd.(1) 6. Junction 8 14. Raffles City Singapore Germany
7. Lot One Shoppers’ Mall 15. CapitaSpring (94.9% interest)(3)
8. Tampines Mall (45.0% interest) 9. 66 Goulburn Street(4)
9. Westgate 10. 100 Arthur Street(4)
Notes:
(1) CapitaLand (RCS) Property Management Pte. Ltd. only manages Raffles City Singapore.
(2) Formerly known as 79 Robinson Road.
(3) Managed by third party service providers in Germany.
(4) Managed by third party service providers in Australia.
C a p i t a L a n d I n t e g r a t e d C o m m e r c i a l Tr u s t 凯 德 综 合 商 业 信 托 8
Leveraging Our Resources to Drive Sustainable Value
Our Resources How we create value Our value drivers Value Created
• Organic growth
• AEIs and redevelopments
• Acquisitions Sustainable returns
• Portfolio reconstitution
Financial • Cost and capital management
• Upkeep high standards of corporate governance
High standards of
• Engage employees regularly
Invest governance & accountability
• Encourage learning and development
Organisational
• Maximise potential and enhance portfolio
Quality assets &
Manage • Enhance accessibility (Social integration)
differentiated offerings
• Embrace innovation
Properties
Grow • Manage resources efficiently Partner of choice,
• Upkeep green buildings (Climate resilience) thriving communities &
• Ensure health and safety high performance culture
Environment
• Create delightful customer experience Landlord of choice
• Engage stakeholders regularly & thriving communities
• Engage supply chain
Stakeholders &
Communities
C a p i t a L a n d I n t e g r a t e d C o m m e r c i a l Tr u s t 凯 德 综 合 商 业 信 托 9
Portfolio
Overview
投资组合简介
CapitaSpring, SingaporePortfolio Property Value(1) by Geography and Asset Type
Australia,
Germany, 3% Germany
4%
2
Singapore
Retail,
Office,
41%
S$23.8
30%
21
billion(1)
Australia
Integrated
Development,
29%
2
Singapore,
93%
Note:
(1) Based on valuation of CICT portfolio, including proportionate interests of joint ventures, as at 31 December 2021. Excludes JCube but includes 66 Goulburn Street and 100 Arthur Street which are based on
valuations as at 15 November 2021, as well as 70.0% interest in CapitaSky (formerly known as 79 Robinson Road) based on valuation as at 1 March 2022. Including the proposed acquisition of 50.0%
interest in 101-103 Miller Street and Greenwood Plaza based on valuation as at 1 December 2021, the portfolio property value would be S$24.2 billion.
C a p i t a L a n d I n t e g r a t e d C o m m e r c i a l Tr u s t 凯 德 综 合 商 业 信 托 11Properties in Singapore Retail
1 Bedok Mall 6 Junction 8
2 Bugis+ 7 Lot One Shoppers’ Mall
3 Bugis Junction 8 Tampines Mall
4 Clarke Quay 9 Westgate
5 IMM Building 10 Bukit Panjang Plaza
Office Integrated Developments
1 Asia Square Tower 2 1 CapitaSpring
2 CapitaGreen 2 Funan
3 Capital Tower 3 Raffles City Singapore
4 Six Battery Road 4 Plaza Singapura
5 21 Collyer Quay 5 The Atrium@Orchard
6 CapitaSky
Singapore Portfolio Occupancy
6
as at 31 March 2022
Integrated
Retail Office Development
96.6%(1) 92.3%(2) 97.6%(1)
Note: Occupied Vacant
(1) Excludes area under asset enhancement in Raffles City Singapore.
(2) Comprises office only properties and the office component in integrated developments. Excludes CapitaSky (Formerly known as 79 Robinson Road).
C a p i t a L a n d I n t e g r a t e d C o m m e r c i a l Tr u s t 凯 德 综 合 商 业 信 托 12Properties Overseas
1
1
Germany Australia
Portfolio Occupancy Portfolio Occupancy
as at 31 March 2022 as at 31 March 2022
2
Office Office 2
75.5%(1,2)
95.8%
Office (Germany) Office (Australia)
1 100 Arthur Street
1 Gallileo, Frankfurt (94.9% Interest)
2 66 Goulburn Street
2 Main Airport Center, Frankfurt (94.9% Interest)
Direct access from 5 Mins Walk 7 Mins Walk
Sydney’s major arterial To North Sydney To the upcoming Victoria
Close proximity 20 Mins By Car 11 Mins By Train 15 Mins By S-Bahn
roads to 100 Arthur Road Train Station Cross Metro station to be
between Via A3 / A5 Inter City Express Commuter Railway
Frankfurt airport completed in 2024
motorways (ICE) high speed 4 stops to city centre
and city centre trains offer 204 (Frankfurt central
Close proximity between 5 Mins Walk 7 Mins Walk 7 Mins Walk
domestic and station)
66 Goulburn Street and To Museum To Town Hall To Central
regional connections
Sydney CBD Station Station Station
Note:
(1) Cushman and Wakefield’s Sydney CBD and North Sydney CBD office market occupancies as at 1Q 2022 were 89.2% and 79.8% respectively.
(2) Including leases executed and under advanced negotiation in April 2022, the aggregated committed occupancy for the Australia portfolio would increase to 79.1%.
C a p i t a L a n d I n t e g r a t e d C o m m e r c i a l Tr u s t 凯 德 综 合 商 业 信 托 13Creating Value
创建益处
100 Arthur Street, North Sydney, AustraliaCICT’s Value Creation Strategy
To deliver stable distributions and sustainable returns to unitholders
Asset and Portfolio Asset Enhancement Portfolio
Management and Redevelopment Reconstitution Acquisition
• Optimise rental rate and • Achieve the highest and best • Undertake appropriate • Invest through property market
maintain high occupancy rate use for properties divestment of assets that have cycles in Singapore, Germany,
• Reposition tenant mix • Reposition or repurpose reached their optimal life cycle Australia and other developed
• Manage operating expenses single-use assets in line with • Redeploy divestment proceeds markets
• Drive asset and portfolio plan changing real estate trends into higher yielding properties • Guide for overseas exposure not
and consumers’ preferences or other growth opportunities more than 20% of portfolio value
• Redevelop properties from • Seek opportunities from third
single-use to integrated parties and CapitaLand
projects • Focus on retail, office and
integrated developments
C a p i t a L a n d I n t e g r a t e d C o m m e r c i a l Tr u s t 凯 德 综 合 商 业 信 托 15Redevelopment of Funan
Dec 2015: July 2016: Sep 2016: Sep 2018: June 2019:
Announced the Commenced Conducted Announced Reopened as
redevelopment redevelopment ground- structural Funan
of Funan breaking completion
DigitaLife Mall ceremony
Funan DigitaLife Mall Funan
Occupancy Value Created Green Recognition
Committed Occupancy Component 16-storey integrated development comprising: • BCA Green Mark GoldPLUS (2018)
as at 31 Dec 2022 • A 6-storey retail component • BCA Universal Design Mark GoldPLUS
• 25-metre Tree of Life structure (2020)
• Two 6-storey office blocks
• 279-units of serviced residence
• Level 1 indoor cycling path
• A rooftop urban farm
Net Lettable Area Office: 214,128 sq ft
99.1% Retail: 317,506 sq ft
Total: 531,634 sq ft
Occupied (1) Vacant Market Valuation S$785.0 million as at 31 December 2021
Note:
(1) The committed occupancy for the individual retail and office components is 98.5% and 100.0% respectively as at 31 December 2021.
C a p i t a L a n d I n t e g r a t e d C o m m e r c i a l Tr u s t 凯 德 综 合 商 业 信 托 16Creating a Community for Work, Live and Play at Funan
Anchored by the six passion themes – Tech, Craft, Play, Fit, Chich and Taste – Funan appeals to savvy
consumers pursuing quality life in a socially-conscious and creative environment
First commercial development in Singapore to allow
Tree of Life centrepiece with plug-and-play retail pods that cycling through its building, complemented by a
Largest indoor rock-climbing facility in the CBD host pop-up stores dedicated Bicycle Hub with end-of-trip amenities
100m underground pedestrian link directly linking
Singapore’s first urban farm located at Funan’s rooftop Futsal court Basement 2 to the City Hall MRT interchange station
C a p i t a L a n d I n t e g r a t e d C o m m e r c i a l Tr u s t 凯 德 综 合 商 业 信 托 17CapitaSpring Achieves TOP in November 2021
Jul 2017: Feb 2018: Jan 2021: Jun & Aug 2021: Nov 2021:
Announced the Conducted Achieved Achieved phased Achieved
redevelopment ground- topping-out TOP for the office final TOP for
of Golden breaking milestone component the rest of the
Shoe Car Park ceremony development
Iconic façade of CapitaSpring which obtained
Façade of Golden Shoe Car Park
TOP in November 2021
Occupancy Value Created Green Recognition
Committed Occupancy Component 51-storey integrated development comprising: • BCA Universal Design Mark GoldPLUS
as at 31 March 2022 • 29 levels of premium Grade A offices (Design) (2018)
• 299-units of serviced residences • BCA Green Mark Platinum (2018)
• An ancillary retail space
• A hawker centre (opening in 2Q 2022)
• 4-storey botanical promenade Green Oasis and Sky Garden
• Technology-enabled social and activity spaces
Net Lettable Area Office: 661,485 sq ft
Retail: 11,902 sq ft
98.5%
Total: 673,387 sq ft
Market Valuation S$1,940.0 million as at 31 December 2021 (CICT owns 45.0%;
Occupied Vacant
valuation shown is on 100% basis)
C a p i t a L a n d I n t e g r a t e d C o m m e r c i a l Tr u s t 凯 德 综 合 商 业 信 托 18Building a Community for Work, Live and Play at
CapitaSpring
Harmonising architecture, technology and nature at work with core and flex office solutions
18-metre media wall with interactive digital art Seamless access with facial recognition, turnstiles
Secure bike parking with end-of-trip facilities
installation by teamLab and DCS lift system
City Room, a 18-metre-high public atrium suitable for Lobby of Citadines Raffles Place Singapore, home CapitaSpring’s hawker centre opened on 1 April
placemaking initiatives for the business or leisure travelers 2022 (Photo Credit: NEA)
C a p i t a L a n d I n t e g r a t e d C o m m e r c i a l Tr u s t 凯 德 综 合 商 业 信 托 19Delivering on CICT’s Value Creation Strategy Through
Portfolio Reconstitution
Disciplined execution of ongoing portfolio reconstitution journey with capital recycling into higher
yielding or growth assets
JCube exit yield:Resilient Portfolio Occupancy
Portfolio Committed Occupancy as at 93.6% as at 31 Mar 2022
(1,2) (2)
96.8% 96.6% 96.0% 97.6% (4)
91.5% 91.4% (3) 93.9% 93.6%
(5)
Retail Office (5) Integrated Development Portfolio
As at 31 Dec 2021 As at 31 Mar 2022
Notes:
(1) 1Q 2022 retail occupancy fell slightly mainly due to expiry of leases in Clarke Quay. Excluding Clarke Quay, 1Q 2022 retail occupancy would be 98.3%.
(2) Excludes area under asset enhancement in Raffles City Singapore.
(3) 1Q 2022 office occupancy includes the two newly acquired Australian assets (66 Goulburn Street and 100 Arthur Street) following the completion of the acquisitions on 24 March 2022. Excluding the Australian
assets, 1Q 2022 office occupancy would be 93.0%.
(4) Overall portfolio occupancy fell slightly due to the two newly acquired Australian assets in 1Q 2022. Excluding the Australian assets, 1Q 2022 portfolio occupancy would be 94.6%.
(5) Retail comprises retail only properties and the retail component in integrated developments, and office comprises office only properties and the office component in integrated developments.
C a p i t a L a n d I n t e g r a t e d C o m m e r c i a l Tr u s t 凯 德 综 合 商 业 信 托 21Capital
Management
资本管理
Funan, SingaporePrudent and Proactive Capital Management
With objective to diversify sources of funding and extend debt maturity profile at optimal interest rate
Exclude share of joint ventures’
Debt Maturity Profile(2) borrowings
17%
S$ million
16% Funding sources as at 31 Mar 2022
1,624
1,600 14% MTN 59%
1,455
1,400 1,311 12% Unsecured Bank
33%
11% Loans
1,200 10%
870 1,084
1,004 Secured Bank
969 8%
1,000 900 Loans
8%
832 299 418 Proforma impact assuming +1.0% p.a.
800 265
720 increase in interest rate
600 4% Estimated
460 +S$12.9 million
523 619 528 3% additional annual
400 3% p.a.(3)
276 666 interest expenses
555 1%
200 407 1%
260 305 250 Estimated DPU -0.20 cents(4)
181 135 203 177 125
0 75
2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 MTN notes issued through US$3b
Euro-MTN Programme
Secured Bank Loans Unsecured Bank Loans Medium Term Notes (“MTN”)
CICT's 45.0% interest in Glory Office Trust and Glory SR Trust 18 Feb 2022:
Notes: Issued HK$900.0 million fixed rate notes
(1) Excluding debt under joint venture due in 2022. due Feb 2031 which was swapped to
(2) Based on CICT Group’s borrowings, including share of joint ventures’ borrowings, as at 31 March 2022.
(3) Computed on full year basis on floating rate borrowings of CICT Group (excluding proportionate share of joint ventures’ borrowings) as at 31 March 2022. S$155.2 million at all-in interest rate of
(4) Based on the number of units in issue as at 31 March 2022. 2.715% p.a. to refinance existing debt.
Please visit CICT’s website for details of the respective MTN notes.
C a p i t a L a n d I n t e g r a t e d C o m m e r c i a l Tr u s t 凯 德 综 合 商 业 信 托 23Prudent and Proactive Capital Management
As at As at
31 March 2022 31 December 2021
Aggregate Leverage(1) 39.1%(2) 37.2%
Total Borrowings (S$ billion)(3) 8.8 8.1
% of Borrowings on Fixed Interest Rate(3) 85% 88%
% of Total Assets that are Unencumbered 93.5% 96.1%
Interest Coverage(4) 4.2x 4.1x
Average Term to Maturity (years) 3.9 3.9
Average Cost of Debt(5) 2.3% 2.3%
CICT’s Issuer Rating ‘A3’ by Moody’s ‘A3’ by Moody’s
‘A-’ by S&P ‘A-’ by S&P
Notes:
(1) In accordance with Property Funds Appendix, the aggregate leverage ratio includes proportionate share of borrowings as well as deposited property values of joint venture. As at 31 March 2022 and 31 December
2021, the total borrowings including CICT’s proportionate share of its joint ventures is S$9.3 billion and S$8.6 billion respectively. The ratio of total gross borrowings to total net assets as at 31 March 2022 is 67.0%.
(2) Pro forma aggregate leverage post acquisition of 50.0% interest in 101-103 Miller Street and Greenwood Plaza and CapitaSky (formerly known as 79 Robinson Road) is around 41%.
(3) Excludes proportionate share of borrowings of joint ventures. Hence, the figures for 31 December 2021 have been restated.
(4) Ratio of earnings of CICT Group, before interest, tax, depreciation and amortisation (excluding effects of any fair value changes of derivatives and investment properties, foreign exchange translation, non-operational
gain/loss as well as share of results of joint ventures) and distribution income from joint ventures, over interest expense and borrowing-related costs, on a trailing 12-month basis.
(5) Ratio of interest expense over weighted average borrowings.
C a p i t a L a n d I n t e g r a t e d C o m m e r c i a l Tr u s t 凯 德 综 合 商 业 信 托 24ESG 环境、社会、治理 CapitaGreen, Singapore
Sustainability Approach
Board Statement Strategic Sustainability Management Structure
AT CICT, sustainability is at the core of everything we do. We are
committed to growing in a responsible manner, delivering long term CICTML Board of Directors
economic value, and contributing to the environmental and social
well-being of our communities. The material environment, social
and governance (ESG) factors have been identified with set targets CEO and Executive Director of the
Sustainability Committee Chairman: CEO Manager of CICT is accountable for the
for 2030. In alignment with CapitaLand 2030 Sustainability Master
Members from: Trust’s EHS performance. He is
Plan. This will be reviewed by the Board of the Manager of CICT supported by CICT’s sustainability
• Management Team
together with management every two years. committee comprising members of
• Portfolio Management
• Investments CICT’s management team, as well as a
CICT’s ESG plan steers our efforts on a common course to working committee which includes
• Finance and Risk Management members from the Property Managers
maximise impact through building a resilient and resource efficient
• Investor Relations and Asset Management team. CICT’s
real estate portfolio, enabling thriving and future-adaptive
sustainability committee updates the
communities, and accelerating sustainability innovation and
Focus: Management and implementation of Manager’s Board on the REIT’s ESG
collaboration. Ambitious ESG targets have been set which include
CICT’s sustainability objectives and strategies matters on a semi-annual basis.
carbon emissions reduction targets validated by the Science Based
Targets Initiative (SBTI).
The Board of the Manager of CICT is responsible for overseeing the
Working Committee
Company’s sustainability efforts, and takes these ESG factors into
consideration in determining its strategic direction and priorities. Representatives from:
• Investments & Portfolio Management
The Board also approves the execution compensation framework • Finance
based on the principle of linking pay to performance. The Manager’s • Investor Relations
business plans are translated to both quantitative and qualitative • Asset Management
performance targets, including sustainable corporate practices. • Property Management
C a p i t a L a n d I n t e g r a t e d C o m m e r c i a l Tr u s t 凯 德 综 合 商 业 信 托 26ESG Highlights: Building Portfolio Resilience and
Resource Efficiency
Aligned with CapitaLand’s 2030 science-based targets for a “well-below 2 degree celsius”
scenario and transit to a low-carbon business
2021 Intensity Reduction All Properties Have Green Ratings
Compared to base year 2008
Energy Intensity Water Intensity NABERS
Carbon Emission Intensity Energy, Green Mark Certified,
BREEAM Good,
2.7%
▼50.3% ▼32.8% ▼40.9% 6.0% 4.9%
LEED Gold,
2030 Targets ▼78% ▼35% ▼45% 4.0%
Green Mark
Gold &
Based on NLA GoldPLUS,
Renewable Energy Recycled Water Recycled Waste 35.6%
of 24
1,700 m2 40.2% 11.0% Green Mark
Properties(1)
of solar panels at four properties of total water consumption of waste collection Platinum,
46.8%
35% 25%
2030 Targets
of total electricity consumption from recycling rate in day-to-day
renewable sources operations
Corporate ESG Ratings
GRESB 5-Star rating and ‘A’ for public disclosure for GRESB
Note: Assessment 2021
(1) All properties in Singapore, Germany, and Australia which comprises 66 Goulburn Street and 100 Arthur Street
C a p i t a L a n d I n t e g r a t e d C o m m e r c i a l Tr u s t 凯 德 综 合 商 业 信 托 27ESG Highlights: Anchored by Strong Governance(1) to
Drive Sustainable Performance
Board Diversity Board Composition, Independence & New Committee
Board Independence Board Gender Diversity
9 Board Members
66.7%
Chairman of the Board is an Independent Director
66.7%
33.3%
None of the 9 Directors has served more than 5 years on
33.3%
the Board as at 31 December 2021
Independent Non-independent Female Male
All members of the Audit Committee (AC), including the
Age Spread Tenure Mix Chairman of the AC, are Independent Directors
Formation of Nominating and Remuneration Committee
11.1%
44.4% (NRC) in 2021 with an independent Chairman
44.4%
88.9%
11.1%
3 to 5 years
Note:
(1) As at 25 April 2022
C a p i t a L a n d I n t e g r a t e d C o m m e r c i a l Tr u s t 凯 德 综 合 商 业 信 托 28ESG Highlights: Enabling Thriving and Future-adaptive
Communities
Committed to create an inclusive, safe and positive environment for our stakeholders
Tenants and
Employees Shoppers Community Suppliers
Gender Diversity Profile: Engaging shoppers, tenants and Community Programmes Term contractors minimally
workspace community via: Held: bizSAFE Level 3 certified:
57:43
Female vs Male >1.2M 10 ~98%
CapitaStar
Members
Seniority and Gender Profile: Employees volunteered
more than Suppliers with new and
32% renewal contracts in 2021
of female employees were in 1,660 hours who signed CapitaLand’s
management level (manager and above) Supply Chain Code of
Conduct:
63% Rental waivers granted to tenants
100%
of total employees in management level affected by COVID-19:
were female
S$27.3 million
ESG-related Training Participation: Conducted
98.6% annual surveys
C a p i t a L a n d I n t e g r a t e d C o m m e r c i a l Tr u s t 凯 德 综 合 商 业 信 托 29ESG Highlights: Engaging Stakeholders
Let’s Get Down to Earth
Our sustainability festival is held across
participating CapitaLand malls and workspace
properties in Singapore for the first time. Glow Green at Plaza Singapura
Advocating our community of shoppers, as well as
retail and office tenants, to embrace a sustainable Shoppers had the opportunity to
lifestyle, adopt a green habit and do our part to trade in their used empty beauty
make a positive impact on our environment. bottles and earn attractive rewards
from the beauty brands including The
Face Shop, Innisfree, Loccitaine,
Temasek Foundation Mask The Body Shop, MUJI and KIEHL’S.
Distribution Exercise
• 230 CapitaLand staff volunteers contributed
• 1,280 volunteer hours
• Distributed 730,000 Temasek Foundation Supporting PUB’s annual
AIR⁺ medical grade surgical masks at 14
“City Turns Blue”
participating CapitaLand Malls SG malls from
28 February to 13 March
To commemorate #WorldWaterDay,
Plaza Singapura lit up in blue from
19 to 22 March in support of PUB’s
#LoveOurSeniors annual nationwide movement.
As part of CapitaLand's #LoveOurSeniors
initiative and ongoing support for Montfort Care
Singapore, more than 80 seniors were treated
to a Chinese New Year reunion lunch,
sponsored by CapitaLand Hope Foundation.
C a p i t a L a n d I n t e g r a t e d C o m m e r c i a l Tr u s t 凯 德 综 合 商 业 信 托 30Awards &
Accolades
奖励与荣誉
Capital Tower, SingaporeAwards and Accolades
Corporate Portfolio
Awards Awards
CICT recognised as an CICT awarded GRESB 5-star Funan won the 2021 & Plaza Singapura won the Marketing
Honoured Company in the rating in Asia, Diversified 2020 ULI Global Awards Events Awards Singapore 2020 by
2021 All-Asia (ex-Japan) Office/Retail, Listed category with for Excellence by Urban MARKETING Magazine.
Executive Team rankings a total score of 87 and ‘A’ for Land Institute Asia • Gold for Best Retail/Shopper Event
by Institutional Investor. public disclosure in 2021. Pacific. • Silver for Best Venue Experience
Indexes
FTSE4Good Index Series
iEdge ESG Leaders Index Green Ratings
Bloomberg APAC Index 100% of properties with Green Rating
Bloomberg Asia Index
Bloomberg Developed Markets Index
BCA Universal Design Mark
• CapitaGreen (Platinum)
Bloomberg Singapore Index • Capital Tower (Gold)
Bloomberg World Index • CapitaSpring (GoldPLUS)
• Funan (GoldPLUS)
MSCI Singapore Index
MSCI World Index Façade of Funan
C a p i t a L a n d I n t e g r a t e d C o m m e r c i a l Tr u s t 凯 德 综 合 商 业 信 托 32The End
终
For enquiries, please contact:
Ms Ho Mei Peng, Head, Investor Relations
Direct: (65) 6713 3668 | Email: ho.meipeng@capitaland.com
CapitaLand Integrated Commercial Trust Management Limited
(http://www.cict.com.sg)
168 Robinson Road, #25-00 Capital Tower, Singapore 068912
Tel: (65) 6713 2888 | Fax: (65) 6713 2999You can also read
