Sustainability Overview

Sustainability
Mission

To create value for stakeholders through continuous sustainability efforts based on the principle that ‘A life is worth living through giving’

Board Statement

The Board recognises that responsible investing is a continuous journey and strives to constantly evaluate and integrate the best Environmental, Social and Governance (ESG) practices in MUST’s business operations and activities. To remain as a sustainability leader in the industry, the Board works closely with the Property Manager and other members of MUST’s Sustainability Steering Committee (SSC) to drive the REIT’s sustainability efforts and work towards its longterm sustainability goals. Through this cohesive working relationship and prioritisation of sustainability, MUST has successfully achieved the following targets set out for 2019 as shown below.

In 2019, MUST attained numerous accolades cementing its status as a leader in driving sustainability practices. In particular, the REIT was awarded 5 Stars by the Global Real Estate Sustainability Benchmark (GRESB) for the 2nd year running, with a high score of 93 and a stellar ranking of 3rd out of a peer group of 12 listed U.S. office REITs. MUST also ranked 6th out of 46 REITs and Business Trusts by the Governance Index for Trust (GIFT) 2019, with an improved score of 78.5 from 75.5 in 2018.

MUST was recognised by Securities Investors Association Singapore (SIAS) 20th Investors’ Choice Awards for both Sustainability and Corporate Governance, and was also one out of the 59 listed companies in Singapore to retain its SGX Fast Track status. Another notable achievement was the REIT’s inclusion in iEdge SG ESG Leaders Index1 and iEdge SG ESG Transparency Index2 , recognising its established ESG practices. The inclusion in iEdge SG ESG Leaders Index also further proves MUST’s status as a leader in sustainability practices, as this index includes only the top 25.0% of the index’s global peer group. Such achievements exemplify the Board’s commitment to uphold high standards of corporate governance.

To deliver a positive impact to our stakeholders and the environment, four strategic areas supporting MUST’s sustainability mission had been identified. It is our pleasure to present MUST’s 3rd Sustainability Report encompassing these four focus areas: Sustainable Properties, External Relations, Human Capital and Ethical Corporate Behaviour.

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Notes

1. The iEdge SG ESG Leaders Index is an ESG-factor index that measures the performance of stocks in the leaders index with a weighting tilted towards the company’s ESG rating as provided by Sustainalytics.

2. The iEdge SG ESG Transparency Index is an ESG-factor index that measures the performance of stocks in the broad sustainability index with a weighting tilted towards the company’s ESG rating as provided by Sustainalytics.

3. Normalised for weather, occupancy and extraordinary usage in 2019.

ESG Report Card

Sustainability
Report

Sustainability Report 2019

Sustainability Report 2018

Certifications and Accolades

GRESB 5 Star 3rd out of 12
listed U.S. office REITs
LEED™ Platinum
Capitol
LEED™ Gold
Michelson, Exchange, Penn, Phipps
ENERGY STAR®
Figueroa, Michelson, Peachtree, Plaza, Exchange, Phipps, Capitol