Environmental, social and governance (“ESG”) is a societal imperative as well as one of the greatest commercial opportunities for OUE REIT. According to the National Climate Change Secretariat, nearly 40% of all carbon emissions come from the building and construction sectors. Without intervention, this will further accelerate climate change and could have significant financial implications on our assets in Singapore and Shanghai. At the same time, tenants are setting more aggressive ESG targets. To remain competitive in the market and capitalise on the “flight-to-green” trend, we must also ensure that our assets align with the tenants’ ESG goals. As one of the largest diversified REITs listed on the Singapore Stock Exchange, OUE REIT is dedicated to advancing sustainability while delivering stable distribution and providing sustainable long-term growth to our investors. Since we began reporting on our performance in 2017, we have made significant progress to achieve both. To commemorate our 10th Anniversary this year, and with the support of our Sponsor, OUE Limited, OUE REIT is pleased to share our recalibrated ESG targets. By enhancing the sustainability performance in our operations, we also ensure our efforts benefit both the environment and stakeholders. The path to decarbonisation is not easy, but we invite you all to join us on this journey. Together, we can create a brighter, greener future for generations to come. Strengthening our ESG Commitment Chief Executive Officer and Executive Director Han Khim Siew
RkJQdWJsaXNoZXIy NTkwNzg=