Sustainability Milestones

As a leader in the REIT sector, we recognize the importance of the role we play within the industry. Industry stakeholders are increasingly concerned about sustainability practices and we continue to respond to these expectations in parallel with our own ambitions towards sustainability.

We achieve milestones through the years in our continued learning and driving sustainability initiatives within KLCCP Stapled Group. We will keep advancing our sustainable practices to improve performance and embrace the challenge of stretch-goals for a future-proof sustainable business.

Governance Structure

The Boards of KLCCP and KLCCRM (the Boards) are the ultimate authority and are accountable for ensuring effective management of sustainability and climate-related matters and initiatives within the Group, supported by the Board Risk Committees (BRC). The Boards take responsibility for sustainability and climate governance, setting the Group’s sustainability strategies, providing oversight over the integration of sustainability, including climate-related matters into business strategy, priorities, and targets, and reviewing progress in their implementation.

Leading the efforts on sustainability and climate strategies implementation for the Group, the Chief Executive Officer (CEO) diligently updates the BRCs and the Boards on progress every quarter, seeking their valuable counsel on related matters.

To assess and strategically manage sustainability as well as climate-related risks and opportunities, the Boards established the Sustainability Steering Committee (SSC). The SSC is chaired by the Senior General Manager of Group Strategy and Sustainability (GSS), and the committee includes representation from division heads and operating units, fostering a holistic approach to sustainable practices.

Supported by the GSS and facilitated by the Environmental, Social and Governance (ESG) Department as the secretariat, these bodies oversee the day-to-day implementation of sustainability and climate-related matters. KLCCP Stapled Group is not just embracing sustainability, it is consistently shaping the future of responsible business practices.

KLCCP Stapled Group Sustainability Governance Structure

Sustainability Framework

KLCCP Stapled Group is focused on a strong commitment to sustainability, integral to our pursuit of strategic excellence and value creation. The Group’s sustainability framework is carefully designed to align with the UN 2030 agenda. To reflect the critical dimensions within the agenda, from the perspective of the Group, four sustainability lenses were assigned, that address 13 prioritised material sustainability matters while emphasising contributions to UN Sustainable Development Goals and Targets. The framework thrives on close engagement with our stakeholders, while addressing the material sustainability matters and creating an impact within our strategic value creation

Material Sustainability Matters

At KLCCP Stapled Group, sustainability is deeply embedded within our strategic planning, risk management, and is a fundamental aspect across all facets of our business and value chain. As a diversified entity engaged in property development, investment, and management, we identify prospects to generate enduring value while mitigating external trade-offs associated with our operations and value chain.

We formulate our sustainability agenda to tackle issues that hold significance for both our internal and external stakeholders. Consequently, obtaining input and addressing sustainability matters considered material to our key stakeholders is an essential component of our sustainability management strategy.

Materiality Matrix 2024

Stakeholder Management

Our Contribution to UNSDG

KLCCP Stapled Group remains dedicated to advancing the United Nations Sustainable Development Goals (UNSDG) by actively pursuing goals and targets that align with our business purpose and strategies. Our 2024 Sustainability Report follows the guidance of the World Economic Forum’s Stakeholder Capitalism Metrics, harmonising with the UN 2030 Agenda for Sustainable Development and its 17 SDGs.

We consistently update the UN Global Compact on our progress through the Communication on Progress (CoP) platform, endorsing the Ten Principles on Human Rights, Labour, Environment, and Anti-Corruption. This reinforces our commitment to the UNSDG and reflects our global vision for inclusive and sustainable development.

KLCCP Stapled Group Sustainability Plan 2030

The KLCCP Stapled Group’s Sustainability Plan 2030 represents a strategic leap forward in our commitment to embedding sustainability into every part of our business. Guided by our fourpillar framework—Planet, People, Peace and Prosperity. This plan is designed to align with the United Nations 2030 Agenda, relevant sustainability standards and approaches, and national as well as market regulatory requirements, ensuring our efforts remain relevant, impactful and forward-looking.

While our previous roadmap (2019-2023) delivered significant results, the Sustainability Plan 2030 takes a more structured approach by aligning goals and targets explicitly with the four pillars, providing a cohesive and comprehensive strategy. This alignment enhances our ability to measure progress and drive impact across material sustainability matters and performance indicators that are critical to both our business and stakeholders. Through this plan, we aim to build on our achievements with clarity and confidence, advancing our role as a responsible and resilient organisation committed to long-term sustainable growth.

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