Introduction
About this Global Report
CapitaLand reiterates its commitment to sustainability with the publication of its ninth Global Sustainability Report.
International Standards and Guidelines
This report has been prepared in accordance with the Global Reporting Initiative (GRI) Standards: Core option. CapitaLand was one of the first companies in Singapore to voluntarily publish its annual Sustainability Report and adopt the internationally recognised GRI Reporting Guidelines. This report will continue to apply the Guiding Principles of the International Integrated Reporting Framework and ISO 26000:2010 Guidance on Social Responsibility. It also references the United Nations (UN) Sustainable Development Goals, and covers CapitaLand’s global portfolio and employees, including its listed real estate investment trusts CapitaLand Mall Trust, CapitaLand Commercial Trust, Ascott Residence Trust, CapitaLand Retail China Trust and CapitaLand Malaysia Mall Trust.
This report has successfully completed the GRI Materiality Disclosures Service which verifies that the General Disclosures 102-40 to 102-49 were correctly located in both the GRI Content Index and in the text of this report. It includes CapitaLand’s management approach in integrating sustainability into its policies, structure, management and operations, outlines the Group’s sustainability journey, and provides insights into its strategies. It also highlights the economic, environmental and social aspects of the Group’s developments and operations, particularly in Singapore and China.
CapitaLand is a signatory to the UN Global Compact. This annual Sustainability Report serves as its Communication on Progress (COP). The Group is a Gold Member of the Global Compact Network Singapore, a national society committed to promote corporate social responsibility in Singapore.
CapitaLand participates in the annual Carbon Disclosure Project (CDP) Climate Change Programme and its footprint is calculated in accordance with the Greenhouse Gas (GHG) Protocol, developed by the World Resources Institute (WRI) and World Business Council for Sustainable Development (WBCSD), which sets the global standard on how to measure, manage and report greenhouse gas emissions. CapitaLand is taking steps to integrate the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) in its reporting.
Reporting Scope and Period*
This report covers CapitaLand’s international portfolio in over 20 countries from 1 January to 31 December 2017 unless otherwise indicated. It covers CapitaLand’s global portfolio and employees, including its listed real estate investment trusts CapitaLand Mall Trust, CapitaLand Commercial Trust, Ascott Residence Trust, CapitaLand Retail China Trust and CapitaLand Malaysia Mall Trust. The reporting period aligns with the Group’s financial year. This report supplements the Group’s 2017 Annual Report which can be found at www.capitaland.com.
Through this Global Sustainability Report, CapitaLand hopes to share its sustainability commitment with its various stakeholders, including employees, investors, customers, business partners, suppliers and contractors, the community, and government and national agencies.
In line with CapitaLand’s continued commitment to environmental sustainability, no hard copies have been printed. This and previous reports are available online at: www.capitaland.com/international/en/about-capitaland/sustainability/sustainability-reports.html
Independent Assurance
CapitaLand appointed an independent third party, Ere-S Pte Ltd, a consulting company specialising in business sustainability, to provide independent assurance for this report. The assurance encompassed the entire Report and focused on all figures, statements and claims related to sustainability during the reporting period January 2017 to December 2017. The accuracy and reliability of the Report’s statements and figures are also validated. The assurance engagement was conducted in accordance with the International Standard on Assurance Engagements 3000 (ISAE 3000). The assurance included the evaluation of the Group’s sustainability behaviour and performance, based on the AA1000 Assurance Standard. All underlying systems and processes that support the Group’s sustainability framework were reviewed, in adherence to the AA1000 AccountAbility Principles of inclusivity, materiality and responsiveness. The assurance also covered the Report’s overall compliance to SGX’s principles and rules on sustainability reporting. The independent assurance statement provides a summary of the audit report findings.
Feedback
Feedback from CapitaLand’s stakeholders is welcome as it enables continual improvement in the Group’s sustainability policies, processes and performance. Please send your comments and suggestions to ask-us@capitaland.com.
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