OUE Commercial REIT - Annual Report 2021

SUSTAINABILITY REPORT A formal sustainability governance structure is in place to ensure OUE C-REIT is steered in the right direction on its sustainability journey. The Board oversees the integration of sustainability considerations into the overall strategy, and is supported by the Manager’s SSC which comprises C-suite, the Asset Management lead and the Investor Relations lead. The SSC works closely with the OUE Group’s SSC, and is responsible for developing and reviewing OUE C-REIT’s sustainability vision, mission and strategy, as well as developing and reviewing relevant sustainability policies, practices and initiatives. The Sustainability Task Force (“STF”), made up of representatives from various business units, facilitates the implementation of sustainability policies and initiatives, and develops action plans in response to sustainability targets. The STF, SSC and the OUE Group’s SSC meet on a regular basis to monitor sustainability progress against targets and evaluate the effectiveness of sustainability implementations. The Manager interacts with a wide range of stakeholders to understand their concerns and needs which help to identify potential risks and business opportunities. Engagement with our key stakeholders are ongoing and on a regular basis. Please refer to relevant sections in this report for more details of engagement activities. Sustainability Governance Structure Board of Directors Sustainability Steering Committee Sustainability Task Force We keep open dialogues with Unitholders and prospective investors to enable them to make informed investment decisions, as well as to garner feedback and views for consideration. We work with our tenants to ensure their needs are met and to be their preferred landlord. We engage governments and regulators to ensure we comply with laws and regulations, and that our business practices are ethical and fair. We engage our employees regularly to build a positive working environment and be the employer of choice. We engage the local community as a socially responsible corporate citizen and contribute to social integration. We engage with analysts and the media to ensure regular, timely and transparent communication with the public. KEY STAKEHOLDERS Employees Tenants Unitholders & Prospective Investors Analysts & Media Government & Regulators Community SUSTAINABILITY GOVERNANCE STAKEHOLDER ENGAGEMENT 80 O U E COMM E R C I A L R E I T