The Manager
The Manager
Sustainability

FY19/20 Sustainability Highlights

 

 

Board Statement


The Board of Directors (the “Board”) is pleased to publish the fourth Sustainability Report (“SR”) for Mapletree Logistics Trust (“MLT”). This report captures our overarching approach towards sustainability risks and opportunities, as well as our sustainability performance for the period from 1 April 2019 to 31 March 2020 (“FY19/20”).

The Board believes that a responsible approach to business is integral to our long-term success and considers sustainability as part of our business strategy. We are committed to implementing sustainable practices across our operations, empowering individuals, enriching communities and creating a positive impact on the environment. Our approach towards sustainability is aligned with that of our Sponsor, Mapletree Investments Pte Ltd (“Sponsor” or the “Mapletree Group”). The Board is supported by the Sponsor’s Sustainability Steering Committee (“SSC”) and management in overseeing the sustainability direction and management for MLT. The Board has also reviewed and endorsed the material sustainability matters in this report. As with last year, we have continued to expand our geographical scope for energy reporting, with the addition of two more countries – China and Malaysia – to the existing coverage on Singapore, Hong Kong SAR and Vietnam.

In FY19/20, we are proud to have successfully implemented several key sustainability initiatives, including:

  • Securing a sustainability-linked loan for MLT’s rooftop solar installation programme and being the first Singapore-listed REIT (“S-REIT”) to link renewable energy generating targets to sustainable finance;
  • Reducing energy intensity by 6.4% from FY18/19 baseline;
  • Reducing water intensity by 22.2% from FY18/19 baseline;
  • Increasing MLT’s total rooftop solar generating capacity by 35.3% from FY18/19 baseline; and
  • Engaging employees in six community service projects across Singapore, Hong Kong SAR, Japan, China and Australia. 

Towards the end of FY19/20, we have seen the global spread of the coronavirus (“COVID-19”) and its pervasive and significant impacts on our business and global communities. Our top priority is to support the well-being of our stakeholders in these challenging times. We also remain vigilant in assessing the situation as it evolves to ensure business continuity.

We thank our staff, partners and stakeholders for their support in our sustainability journey. As we continue to enhance our sustainability approach and performance, we look forward to your continuing support and partnership.

The Board of MLTM

To access the full Sustainability Report, please click here.

 


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