Our Commitment To Sustainability
Mapletree integrates sustainability in its business value chain and operations. The Group seeks to minimise its environmental footprint and drive change through various energy and water reduction initiatives, increase the usage of renewable energy and embed sustainability principles in its investment decisions, operations and development projects. In addition, Mapletree continues to focus on diversity and equal opportunity in the workforce and communities, safeguard the health and safety of stakeholders and maintain high ethical standards.
Sustainability Highlights
S$5.8B
green and sustainable
financing secured to date
>22,000
trees planted in FY23/24
across Mapletree properties
and communities we operate
S$16.8M
committed to CSR causes in
FY23/24
122
MWp
of onsite renewable energy
installed capacity across
the Group
50%
female representation in
Mapletree’s senior
management
Zero
material incidences of non-
compliance with relevant
laws and regulations
Mapletree Sustainability Framework
In guiding our businesses to incorporate sustainability into business strategy, the Mapletree Sustainability Framework was established to cover four pillars – Economic, Environment, Social and Governance. We believe that Economic is a key element to be framed into consideration while driving positive sustainability outcome.
To guide our sustainability journey, we have identified the material matters under each pillar which has significant impact on our stakeholders, our operating environments and the Group, along with our alignment and contribution towards 13 United Nations Sustainable Development Goals (UN SDGs).
Economic
Building a Resilient and Sustainable Business
Creating value and delivering consistently attractive returns to our stakeholders while contributing to sustainable development
Environmental
Safeguarding Against Impact of Climate Change
Improving our energy performance and efficiency to protect against the impact of climate change
Social
Enhancing Social Value in Our Workplace and Community
By ensuring the health and safety of employees and stakeholders, focusing on diversity and inclusion of our workforce and supporting the communities in which we operate
Governance
Upholding Ethical Standards
Discover Our Sustainability Efforts
Economic Performance
Mapletree’s strengths in real estate development, investment, capital and property management form the bedrock of our diversified business model, which drives sustainable income for our shareholders and distributes economic value for societal transformation. Our operations actively contribute to the progression towards a low-carbon, climate-resilient economy, aligned with broader environmental and economic sustainability goals.
S$5.8B
green and sustainable financing secured to date
S$77.5B
AUM
S$738.2M
Average Recurring PATMI
S$19.2B
Recycled Proceeds
6.9%
Average ROE
11.4%
Average ROIE
3.5X
AUM Ratio
S$497M
Fee Income
Strong Partnerships
In an ever evolving business environment, it is vital that Mapletree fosters deeper collaboration with our stakeholders to achieve both business objectives and sustainable development goals. Regular engagement with our diverse stakeholders allows us to gain a better understanding of their needs as well as enables collective action in tackling sustainability matters.
78%
average satisfaction score for Singapore Commercial over the
past three years
63%
of new suppliers of Singapore operational properties have social certifications
43%
of new suppliers of Singapore operational properties have environmental certifications
Green Lease Leaders Gold Award
for US Logistics
Mapletree’s logistics portfolio in the United States (US) won the Green Lease Leaders (Gold) Award, presented by the US Department of Energy’s Better Buildings Alliance and the Institute for Market Transformation. The award recognises landlords and tenants who modernise their leases to spur collaborative action on energy and water efficiency, cost-savings, air quality improvement and sustainability in buildings.
Quality, Sustainable Products and Services
Recognising the World Green Building Council’s insights and United Nations’ projections of a 60% urban population by 2030, Mapletree acknowledges that green building practices are essential for urban sustainability. We are committed to enhancing the comfort, health and safety of occupants in our buildings, as well as maximising our positive impact on surrounding communities we operate in. We pursue green development initiatives that contribute to the creation of sustainable, vibrant, and adaptive urban spaces. By integrating climate-resilient infrastructure into our projects, we contribute to the creation of urban spaces that are not only sustainable but also robustly equipped to face the challenges of a changing climate.
100%
of new developments are green-certified
SGBC-BCA Leadership in Sustainability Awards – Urban Renewal 2024
for St James Power Station
Wildlife Trust Biodiversity Benchmark Award
for Green Park, Reading
Awarded LEED Volume Prototype Gold Pre-certification
for China Logistics
Mapletree is committed to creating green spaces within our assets. Green Park, Reading, which is nestled across 195 acres of meticulously landscaped parkland, is an urban haven where tenants and biodiversity coalesce in harmony. Green Park is also a birdwatcher’s paradise. The park has witnessed a remarkable 7% in occupancy of bird boxes, with an impressive array of species making it their home. Cormorants, Grey Herons, Greylag Geese, Blackbirds, Swans, and Mallards coexist harmoniously.
Energy and Climate Change
Climate change presents significant adverse impacts on human health, ecosystems and local communities. The World Economic Forum’s Global Risks Report for 202318 underscores that climate and environmental risks are at the forefront of global concerns for the next decade, highlighting challenges such as resource depletion, the slowdown of climate mitigation efforts, and insufficient support for vulnerable communities in adapting to these changes. This is in addition to mounting transitional risks such as changes in the regulatory landscape, consumer preferences and investor expectations which will affect business operations. Recognising the urgent need for climate resilience within the organisation and the real estate sector’s potential to address climate issues, Mapletree is committed to achieving its decarbonisation objectives. This commitment acknowledges both the negative impacts of climate change and the positive potential of concerted efforts in reducing carbon emissions within the real estate sector.
122 Megawatt
peak of onsite renewable energy installed capacity across the Group, almost tripling the capacity in FY22/23
>22,000
trees planted in FY23/24 across Mapletree properties and communities we operate
4-STAR GRESB
rating achieved for Singapore Commercial
Mapletree made a stand for our planet during Earth Hour and Earth Day. As part of our commitment to sustainability, all unnecessary lights in nonessential areas were switched off for at least an hour during Earth Hour. Extending our efforts and in observance of Earth Day, multiple properties at various locations adopted measures like raising air-conditioning temperatures, switching off lights in main lobbies and common areas at specific time periods, extinguishing facade and decorative lighting overnight.
Water Management
The World Bank highlights the severe humanitarian and economic consequences of the escalating water crisis, now intensified by climate change. This crisis poses a risk of conflict in water-scarce regions, potentially leading to violence. Additionally, water scarcity may result in up to a 6% gross domestic product reduction in some areas by 2050, adversely affecting agriculture, human health, and income. This situation calls for robust water management strategies. Mapletree recognises this and is enhancing climate resilience through the use of recycled or reclaimed water. Furthermore, we actively collaborate with stakeholders to adopt water conservation strategies, reinforcing our dedication to mitigating the impacts of climate change on water resources.
6%
recycled water (including NEWater) used in FY23/24
4
acres of dead lake was rejuvenated to promote water conservation in India
In a significant environmental restoration initiative, Mapletree India successfully rejuvenated a desiccated lake, covering approximately four acres. The surrounding ecosystem was bolstered with the planting of 300 trees and the construction of surplus channels, enabling water distribution to drier areas, and these efforts have increased the water-holding capacity of the lake by approximately 250%.
Waste Management
Poor waste management has been identified as a climate change accelerator, as waste sent to landfills release methane. We recognise that our development and operational activities produce waste as a by-product. Therefore, our approach focuses on reducing waste generation and creating a circular economy, thereby conserving natural resources. By diverting waste from landfills, we not only mitigate methane emissions but also lessen public health risks associated with improper waste disposal. Additionally, we repurpose and reuse materials from our operational activities, giving a second life to these materials. These practices are integral to our strategy for enhancing climate resilience, ensuring that our operations exemplify environmentally responsible practices.
55,185 tonnes
of waste diverted from disposal
4.5%
waste sent for recycling in FY23/24
Mapletree’s India Commercial and India Logistics assets – Global Infocity Park Chennai, Global Technology Park and Mapletree (Chakan) Logistics Park 2B in India have installed Organic Waste Converter (OWC) in the campuses. Close to 100% of the wet waste generated within the assets is converted into compost and biogas. The dry waste is recycled to create products like notebooks, pens and pencils.
Diversity and Equal Opportunity
The International Labour Organization (ILO)26 reported that high levels of equality, diversity and inclusion correlate with greater innovation, productivity, performance, and workforce well-being. In line with this, Mapletree is committed to ensuring equal opportunity, embracing diversity and fostering an inclusive work environment. By cultivating an inclusive culture that leverages the diverse skills, backgrounds, and perspectives of our employees, and makes them feel included and represented, Mapletree aims to empower individuals to reach their fullest potential and build a workplace aligned with our values.
53%
female representation in overall workforce
50%
female representation in Mapletree’s senior management
20%
female representation on the Board of Directors
Mapletree Industrial Trust recognised as
Top 10
companies in Singapore for gender equality ranking in 2024 by Equileap
Employee Engagement and Talent Management
Employee engagement and talent management play a pivotal role in Mapletree’s sustained economic competitiveness, as well as its capacity to navigate climate-related disruptions, actively contributing to environmental well-being and supporting human rights. Providing a respectful and inclusive working environment, employee development opportunities, and fair and favourable employment practices, enables us to engage our workforce, enhance productivity, foster loyalty and build organisational capacity
100%
of employees received sustainability training
>70%
favourable engagement score in Employee Engagement Survey
49
learning hours on average for each employee
Health and Safety
Health and safety are integral to maintaining resilient communities. At Mapletree, we understand that lapses in safety measures not only compromise the well-being of our employees, workers and stakeholders, but also pose significant reputational and regulatory risks. Therefore, we place a high emphasis on ensuring robust health and safety standards are applied across all our properties. By doing so, we aim to fortify community resilience, enhance operational efficiency, uphold the rights and dignity of our employees, and bolster stakeholder confidence in our commitment to fostering a secure and sustainable environment.
Community Impact
Mapletree is dedicated to creating positive outcomes for individuals and communities we serve. The Group maintains a strong commitment to fostering long-term collaborations with stakeholders and beneficiaries, aiming to generate sustained impact for future generations in markets where we operate.
~S$120,000
seed funding provided as part of Mapletree’s Staff CSR programme for FY23/24
S$16.8M
committed to CSR causes in FY23/24
27
staff-led CSR initiatives in FY23/24
The Mapletree CSR Programme is guided by two broad objectives of empowering individuals through supporting educational and healthcare initiatives, as well as enriching communities with the arts, functional design and building environmentally sustainable real estate developments.
Ethical business Conduct
Corruption and its associated risks undermine transparency, fairness and ethical conduct. They obstruct available opportunities for deserving individuals, stifle economic growth and threaten the long-term environmental and social well-being of communities. To avoid these outcomes, it is crucial for us to pursue robust governance in all its forms.
Zero
validated incidences of money laundering, fraud, or any other kinds of corruption
Compliance with Laws and Regulations
Corruption and its associated risks undermine transparency, fairness and ethical conduct. They obstruct available opportunities for deserving individuals, stifle economic growth and threaten the long-term environmental and social well-being of communities. To avoid these outcomes, it is crucial for us to pursue robust governance in all its forms.
Zero
material incidences of non-compliance with relevant laws and regulations
All
employees received communication on anti-corruption policies and procedures
All
employees received anti-corruption training during onboarding
