The Manager
Sustainability

​Board Statement

Dear Stakeholders,

Sustainability forms an integral part of our corporate culture and underpins our business strategy and operations. We are committed to conducting our business in an environmentally and socially responsible manner while maintaining high corporate governance standards so as to build effective relationships with our stakeholders.  

The Board reviews MIT’s material environmental, social and governance (“ESG”) factors and considers them in the formulation of the Manager’s sustainability management strategies. We continue to evaluate the relevance of these material ESG factors against stakeholders’ expectations and their significance to the business. The ESG factors had been identified and prioritised by key representatives of the Manager and the Property Manager. We have also determined how the performance would be measured with targets set for the forthcoming financial year. In this regard, the Board is supported by the Sustainability Steering Committee (“SSC”), which comprises the CEO of the Manager and representatives from the Sponsor’s senior management team.  

Our sustainability report is prepared in accordance with the Global Reporting Initiative (“GRI”) Standards (2016): Core option as well as the SGX Sustainability Reporting Guide. We have improved our sustainability reporting disclosures by incorporating the United Nations Sustainable Development Goals (“SDGs”) in our framework to guide our sustainability strategies. We believe we can play our part by addressing our negative impacts relating to global megatrends such as climate change and urbanisation while making a positive impact among local communities through initiatives promoting productive employment and equal opportunities among others. 

In FY18/19, MIT continued to make progress in advancing sustainable practices. We reduced the overall portfolio average building electricity intensity by 3.2% from 92.7 kWh/m2 in FY17/18 to 89.7 kWh/m2 in FY18/19. This was partly due to the implementation of energy-saving measures across various property clusters such as the use of more energy efficient light bulbs and motion sensors, as well as the adjustment of timer controls at common areas in response to tenants’ activities.

In October 2018, 26A Ayer Rajah Crescent was awarded the BCA Green Mark Award (Platinum) by the Building and Construction Authority (“BCA”). In addition, three of our property clusters – 1 & 1A Depot Close, 30A Kallang Place and 45 Ubi Road 1 – received the Water Efficient Building (“WEB”) certifications issued by the Public Utilities Board (“PUB”). Since October 2018, the Sponsor has phased out the use of plastic bottles, which encouraged all employees to adopt green measures in their work practices. 

Following the Mapletree Group Employee Engagement Survey in FY17/18, we implemented initiatives to address employee-related concerns on improving efficiency of work processes and enhancing collaboration across departments. We established a systematic mechanism to seek and review feedback from all employees on existing work processes with the objective to improve operational efficiency. In addition, we introduced Lean Thinking Training for team leaders across departments. The four-month programme, which included an activity-based workshop and project work, aims to improve in business processes while enhancing crossfunctional teamwork. 

We believe that giving back to the communities where we operate is crucial for the fulfilment of our obligations  as a responsible business. In FY18/19, 110 employees participated in Mapletree-led activities and supported beneficiaries in Singapore. 

We will continue to drive our sustainability agenda so as to deliver greater value for stakeholders and enhance the resilience of our business.

Board of Mapletree Industrial Trust Management Ltd.

 

The latest Sustainability Report can be found here.

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