The Manager
Sustainability

​Board Statement

Dear Stakeholders,

The Board is pleased to present MIT’s second annual sustainability report for FY17/18.

Global investors have started to recognise the importance of corporate sustainability and are increasingly integrating environmental, social and governance (“ESG”) factors into their investment strategies. Accordingly, we are committed to managing relevant ESG risks and opportunities across our diversified portfolio to ensure the long-term resilience of our business, while contributing positively to the environment and society.

MIT’s sustainability approach is aligned with its Sponsor, Mapletree Investments Pte Ltd (the “Mapletree Group”). The Board considers sustainability in its long-term strategy formulation and oversees the sustainability management strategies of the Manager. We are supported by the Sustainability Steering Committee, comprising the CEO of the Manager and representatives from the Sponsor’s senior management team. The Board validated the material ESG factors according to stakeholders’ concerns and their significance to the business, which were identified and prioritised by key representatives of the Manager and the Property Manager. In addition, we have set forth on how we manage our impact and measure our performance, as well as targets in these areas for the forthcoming financial year.

This report is aligned with the SGX-ST Listing Rules 711A and 711B and has been prepared in accordance with the Global Reporting Initiative Standards (2016): Core option.

We are pleased to report that we have made progress in advancing our sustainable practices in FY17/18. Over the last two years, we implemented numerous initiatives at The Strategy Business Park Building to reduce its environmental footprint. The chiller plant system was upgraded, which resulted in energy savings of about 27% (or approximately three million kWh) for the building. In February 2018, The Strategy was awarded the BCA Green Mark GoldPlus Award by the Building and Construction Authority (“BCA”). In addition, overall portfolio average building electricity intensity reduced by 5.7% from 98.3 kWh/m2 in FY16/17 to 92.7 kWh/m2 in FY17/18, partly due to the energy-saving initiatives at The Strategy. The new 14-storey Hi-Tech Building, 30A Kallang Place was also conferred the BCA Green Mark Gold Award.

Our people are our greatest asset. For the year under review, we conducted the Mapletree Group Employee Engagement Survey with a response rate of 99%. This is part of the Mapletree Group-wide efforts to improve engagement by reviewing long-term people strategies and programmes.

We believe that it is our corporate responsibility to contribute towards the well-being of the communities in which we operate in. In FY17/18, 137 staff participated in Mapletree Group-led activities and supported beneficiaries in Singapore.

We will continue to refine our sustainability strategy through engagement with key stakeholders and implementation of new initiatives to achieve long-term resilience of our business and greater value for our stakeholders.

Board of Mapletree Industrial Trust Management Ltd.

 

The latest Sustainability Report can be found here.

Back to Top