Ethical Corporate Behaviour

Objectives

Ensure continued adherence to rules and regulations through the highest standards of governance and best practices by employing stringent corporate compliance and internal audit practices
Investment Community
Tenant Community
Employees

Initiatives and Rationale

  • Strengthened governance disclosures in 2019 and 2020 annual reports
  • Published additional information on website:
    – Sustainability
    – Green Dot Series – a Thought Leadership Initiative
    – Uploaded a spreadsheet of past financial and operational data
  • Encouraged Unitholders to email questions prior to AGM
  • Incorporated links to sustainability performance in incentive pay policies for all employees

Performance in 2020

Zero incidents of non-compliance with relevant laws and regulations resulting in fines or sanctions
Zero incidents of corruption
50.0% of Independent Directors are female
Remained on SGX Fast Track
MSCI ESG Ratings: 'A'
Governance Index for Trusts 2020
Ranked 4th out of 45 REITs and Business Trusts
( 2019: ranked 6th )
Singapore Governance and Transparency Index 2020
Ranked 9th out of 45 REITs and Business Trusts
( 2019: ranked 33rd )

Targets for 2021 and Beyond

Maintain zero incidents of non-compliance with relevant laws and regulations resulting in fines or sanctions
Maintain zero incidents of corruption
Strengthen disclosures through annual reports and corporate website
Continue to incorporate links to sustainability performance in incentive pay policies for all employees