{"id":5320,"date":"2025-04-04T02:11:41","date_gmt":"2025-04-04T02:11:41","guid":{"rendered":"urn:uuid:ad0bb4a7-d1ec-469e-b56c-7f118e5400af"},"modified":"2025-07-16T08:46:09","modified_gmt":"2025-07-16T00:46:09","slug":"board-statement","status":"publish","type":"page","link":"https:\/\/mapletree-dev.altis.cloud\/mpact\/board-statement\/","title":{"rendered":"Board Statement"},"content":{"rendered":"\n
\n
\n
\n
\n
\n
\n
<\/div>\n<\/div>\n<\/div>\n\n\n\n
\n

Board Statement<\/strong><\/p>\n\n\n\n

Throughout the past year, we continued to strengthen our commitment to sustainability across our assets. Building on the foundation established by the Sponsor, we recognise that our long-term success extends beyond financial metrics to making meaningful contributions to the communities we operate in.<\/p>\n\n\n\n

We are pleased to present MPACT\u2019s Sustainability Report (\u201cSR\u201d) for FY24\/25, which details our environmental, social and governance (\u201cESG\u201d) achievements through four fundamental pillars: safeguarding against the impact of climate change, enhancing social value in our workplace and community, upholding high ethical standards, and building a resilient business. These interconnected pillars form the foundation of our strategy and are core to our operations to create sustainable value for all stakeholders. <\/p>\n\n\n\n

Safeguarding Against the Impact of Climate Change<\/strong><\/p>\n\n\n\n

We recognise the importance of climate change globally and the urgent need to confront its escalating impacts. At Mapletree, we take a proactive approach to understanding and addressing climate-related risks across our portfolio. In FY24\/25, the Mapletree Group conducted its third climate scenario analysis to deepen our understanding of both physical and transition risks, enabling us to develop as well as refine our mitigation strategies.<\/p>\n\n\n\n

Our commitment to achieving Net Zero by 2050 drives our decarbonisation efforts. Our portfolio continues to benefit from initiatives implemented over the years. The solar panels at our Singapore properties and Festival Walk generated 4,547 MWh of renewable energy this year, almost equivalent to powering up BOAHF and Sandhill Plaza for one year.1<\/sup> Having achieved 100% green building certifications across our portfolio, we continue to maintain these high standards through regular assessments and upgrades. Our ongoing focus on operational efficiency has resulted in 2.7% likefor-like2<\/sup> reduction in energy usage intensity in FY24\/25 compared to FY23\/24. We also further expanded our green leasing framework, which now covers 30.6% of our portfolio\u2019s lettable area, fostering collaboration with tenants\u2019 sustainable practices. Our progress on the net zero assessment this year will help us develop and implement mediumterm targets for greenhouse gas (\u201cGHG\u201d) emissions reduction.<\/p>\n\n\n\n

To strengthen our sustainability data governance, we fully implemented the Environmental Data Management System (\u201cEDMS\u201d) during the year. This platform has significantly improved our ability to collect, track and verify sustainability data across our portfolio, enabling more informed decision-making and better management of our sustainability performance.<\/p>\n\n\n\n

Our Japan portfolio and Gateway Plaza also made progress in our decarbonisation journey. While direct renewable power generation remains very limited at our properties, the local electricity providers for seven of our Japan assets now supply us with power that is 100% bundled with Renewable Energy Certificates (\u201cRECs\u201d). Gateway Plaza also started procuring power bundled with RECs from January 2025. These provider-issued RECs attribute 8,669 MWh3<\/sup> of electricity consumption across these assets to renewable sources, thus reducing our landlord Scope 2 market-based emissions by 13.6% year-on-year (\u201cyoy\u201d). We will continue to explore opportunities for direct renewable energy procurement and energy efficiency improvements across our entire portfolio wherever possible.<\/p>\n\n\n\n

Our ongoing efforts to manage climate-related risks and enhance sustainability performance have positioned us for evolving reporting requirements. In this report, we have taken steps to include climate-related financial disclosures in alignment with the International Financial Reporting Standards (\u201cIFRS\u201d) S1 and S2 requirements issued by the International Sustainability Standards Board (\u201cISSB\u201d). This early adoption ahead of SGX\u2019s mandatory timeline reflects our commitment to transparency and accountability in sustainability.
<\/p>\n\n\n\n

Enhancing Social Value in Our Workplace and Community<\/strong><\/p>\n\n\n\n

Fostering an inclusive and safe environment for our employees and the local communities remains a priority for us. The implementation of the Mapletree Group\u2019s Human Rights Policy this year reinforces our long-standing commitment to advancing human rights, diversity and inclusion across our operations.<\/p>\n\n\n\n

Our FY23\/24 Employee Engagement Survey has provided valuable insights into areas such as operational efficiency, communication and staff engagement, and growth and development. In response, we rolled out targeted initiatives throughout FY24\/25 to address these key areas, enhancing the overall workplace environment.<\/p>\n\n\n\n

Upholding High Ethical Standards<\/strong><\/p>\n\n\n\n

The Board maintains ultimate responsibility for managing MPACT\u2019s sustainability-related risks and opportunities. In FY24\/25, we conducted a group-wide materiality reassessment, with the Board reviewing and approving material sustainability matters based on their continued relevance and importance. This year, we added \u201cCybersecurity and Data Privacy\u201d to MPACT\u2019s list of material sustainability matters to reflect the evolving landscape. The Board monitors and discusses these sustainability matters on an ongoing basis to ensure that they remain relevant and integrated with our business strategy.<\/p>\n\n\n\n

MPACT\u2019s sustainability strategies and practices are aligned with our Sponsor\u2019s. We recognise that while leadership drives the direction for sustainability, meaningful impact requires commitment and effort from the entire organisation. We actively equip our people with sustainability knowledge and embed environmental and social responsibility into our corporate culture and daily operations. Our commitment to ethical practices is demonstrated by the completion of ethics training by all Board members and almost all employees,4 <\/sup>reinforcing a culture of integrity and accountability throughout the organisation.<\/p>\n\n\n\n

Building a Resilient Business<\/strong><\/p>\n\n\n\n

Our approach to resilience also encompasses strong collaborative partnerships with stakeholders including tenants and suppliers. We have launched our Supplier Code of Conduct in Singapore to promote the integration of sustainable practices across our supply chain, ensuring that we build a sustainable and ethical business environment. We have also continued our efforts to raise environmental awareness among our tenants and shoppers through engagement events held across our properties in Singapore and overseas.<\/p>\n\n\n\n

The Board extends its appreciation to our stakeholders for their trust and support. We remain committed to creating a lasting positive impact and forging a sustainable future together..<\/p>\n\n\n\n

BOARD OF DIRECTORS<\/strong><\/p>\n\n\n\n

To access MPACT\u2019s full Sustainability Report, please\u00a0click\u00a0here<\/mark><\/a>.<\/p>\n\n\n\n

1<\/sup> Relates to landlord\u2019s electricity consumption.
2<\/sup> Excludes Mapletree Anson, which was divested on 31 July 2024, and Makuhari Bay Tower, which was converted into a multi-tenanted building after 30 June 2024.
3<\/sup> Figures from Gateway Plaza are subject to confirmation from Beijing Electric Power Trading Center.
4<\/sup> By the publication date of this SR, 100% of employees have completed the ethics training.<\/sub><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Board Statement Throughout the past year, we continued to strengthen our commitment to sustainability across our assets. Building on the foundation established by the Sponsor, we recognise that our long-term success extends beyond financial metrics to making meaningful contributions to the communities we operate in. We are pleased to present MPACT\u2019s Sustainability Report (\u201cSR\u201d) for […]<\/p>\n","protected":false},"author":12,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"_trash_the_other_posts":false,"ep_exclude_from_search":false,"editor_notices":[],"footnotes":""},"class_list":["post-5320","page","type-page","status-publish","hentry"],"acf":[],"mb":[],"yoast_head":"\nMPACT - Board Statement<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MPACT - Board Statement\" \/>\n<meta property=\"og:description\" content=\"Board Statement Throughout the past year, we continued to strengthen our commitment to sustainability across our assets. Building on the foundation established by the Sponsor, we recognise that our long-term success extends beyond financial metrics to making meaningful contributions to the communities we operate in. We are pleased to present MPACT\u2019s Sustainability Report (\u201cSR\u201d) for […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/mapletree-dev.altis.cloud\/mpact\/board-statement\/\" \/>\n<meta property=\"og:site_name\" content=\"MPACT\" \/>\n<meta property=\"article:modified_time\" content=\"2025-07-16T00:46:09+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/mapletree-dev.altis.cloud\\\/mpact\\\/board-statement\\\/\",\"url\":\"https:\\\/\\\/mapletree-dev.altis.cloud\\\/mpact\\\/board-statement\\\/\",\"name\":\"MPACT - Board Statement\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/mapletree-dev.altis.cloud\\\/mpact\\\/#website\"},\"datePublished\":\"2025-04-04T02:11:41+00:00\",\"dateModified\":\"2025-07-16T00:46:09+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/mapletree-dev.altis.cloud\\\/mpact\\\/board-statement\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/mapletree-dev.altis.cloud\\\/mpact\\\/board-statement\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/mapletree-dev.altis.cloud\\\/mpact\\\/board-statement\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/mapletree-dev.altis.cloud\\\/mpact\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Board Statement\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/mapletree-dev.altis.cloud\\\/mpact\\\/#website\",\"url\":\"https:\\\/\\\/mapletree-dev.altis.cloud\\\/mpact\\\/\",\"name\":\"MPACT\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/mapletree-dev.altis.cloud\\\/mpact\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"MPACT - Board Statement","robots":{"index":"noindex","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"og_locale":"en_US","og_type":"article","og_title":"MPACT - Board Statement","og_description":"Board Statement Throughout the past year, we continued to strengthen our commitment to sustainability across our assets. Building on the foundation established by the Sponsor, we recognise that our long-term success extends beyond financial metrics to making meaningful contributions to the communities we operate in. We are pleased to present MPACT\u2019s Sustainability Report (\u201cSR\u201d) for […]","og_url":"https:\/\/mapletree-dev.altis.cloud\/mpact\/board-statement\/","og_site_name":"MPACT","article_modified_time":"2025-07-16T00:46:09+00:00","twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/mapletree-dev.altis.cloud\/mpact\/board-statement\/","url":"https:\/\/mapletree-dev.altis.cloud\/mpact\/board-statement\/","name":"MPACT - Board Statement","isPartOf":{"@id":"https:\/\/mapletree-dev.altis.cloud\/mpact\/#website"},"datePublished":"2025-04-04T02:11:41+00:00","dateModified":"2025-07-16T00:46:09+00:00","breadcrumb":{"@id":"https:\/\/mapletree-dev.altis.cloud\/mpact\/board-statement\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/mapletree-dev.altis.cloud\/mpact\/board-statement\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/mapletree-dev.altis.cloud\/mpact\/board-statement\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/mapletree-dev.altis.cloud\/mpact\/"},{"@type":"ListItem","position":2,"name":"Board Statement"}]},{"@type":"WebSite","@id":"https:\/\/mapletree-dev.altis.cloud\/mpact\/#website","url":"https:\/\/mapletree-dev.altis.cloud\/mpact\/","name":"MPACT","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/mapletree-dev.altis.cloud\/mpact\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"}]}},"mfb_rest_fields":["title","yoast_head","yoast_head_json"],"_links":{"self":[{"href":"https:\/\/mapletree-dev.altis.cloud\/mpact\/wp-json\/wp\/v2\/pages\/5320","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mapletree-dev.altis.cloud\/mpact\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/mapletree-dev.altis.cloud\/mpact\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/mapletree-dev.altis.cloud\/mpact\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/mapletree-dev.altis.cloud\/mpact\/wp-json\/wp\/v2\/comments?post=5320"}],"version-history":[{"count":17,"href":"https:\/\/mapletree-dev.altis.cloud\/mpact\/wp-json\/wp\/v2\/pages\/5320\/revisions"}],"predecessor-version":[{"id":6393,"href":"https:\/\/mapletree-dev.altis.cloud\/mpact\/wp-json\/wp\/v2\/pages\/5320\/revisions\/6393"}],"wp:attachment":[{"href":"https:\/\/mapletree-dev.altis.cloud\/mpact\/wp-json\/wp\/v2\/media?parent=5320"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}