SUS TAINABILITY REPOR T 2016

WE FOCUS ON SUSTAINABILITY TO MAKE OUR FUTURE STRONGER

CONTENTS

  1. Board's Message on Sustainability

    INTRODUCTION

  2. Cambridge Industrial Trust ("CIT") Ecosystem

  3. Stakeholder Engagement

  4. Materiality Assessment

  5. About the Report

    MISSION AND VISION

    Cambridge Industrial Trust ("CIT") is committed to providing its Unitholders with a stable and secure income stream, through the pro- active management of its property portfolio and with the intention to deliver long-term capital growth.

    GOVERNANCE

  6. Corporate Governance

  7. Enterprise Risk Management

  8. Compliance

    ENVIRONMENT

  9. Energy and Carbon Emissions

12 Water Stewardship

12 Waste Management

ECONOMIC PERFORMANCE

15 Singapore Economic Context and Land Tenure

15 Capital and Asset Management

SOCIAL

18 Tenant Engagement and Product Responsibility

18 Quality Of Assets And Services

18 Tenants And Visitors - Health, Hygiene And Safety

  1. Tenant Satisfaction

    OUR PEOPLE

  2. Team Profile

21 Talent Attraction and Retention

  1. Diversity and Equal Opportunity

  2. Team Members' Wellness and Engagement

24 Community Investment and Development

BOARD MESSAGE ON SUSTAINABILITY

As the Board of Directors ("BOD" or "The Board") of the Manager of CIT ("CITM" or the "Manager"), we recognise that creating sustainable value for all of our stakeholders remains at the heart of our business. As one of Singapore's pioneer Real Estate Investment Trusts ("REITs"), we aim to be amongst the first to adopt progressive sustainability practices. We believe that for us to prosper, the communities we serve and operate in have to prosper as well. We are committed to being an active contributor in elevating society and minimising our environmental footprint. We recognise that exceptional environmental, social and governance ("ESG") performance will bring us a host of advantages in the long term - driving operational performance excellence, managing risks, discovering opportunities, protecting the assets of CIT and the interests of its unitholders ("Unitholders").

Guided by our beliefs and our commitment, we have actively sought to align our business strategies, policies and practices with our sustainability objectives. Our sustainability approach remains focused on value creation for all our stakeholders.

CAMBRIDGE INDUSTRIAL TRUST SUSTAINABILITY REPORT 2016

The Board has set a strategic direction to achieve CIT's sustainability goals through ensuring good corporate governance, complying with regulations, managing of enterprise risks, exercising prudence in financial management, providing quality assets and services, achieving tenant satisfaction, upholding health and safety standards, ensuring diversity and equal opportunity of workforce, limiting environmental impact, utilising resources efficiently and engaging with the communities in which CIT operates in. We are proud that our sustainability efforts have earned us a position in the inaugural Singapore Exchange Securities Trading Limited ("SGX-ST") Sustainability Leaders Enhanced Index in 2016.

Supported by the Sustainability Committee and the Management team, the Board continues to identify, manage and address ESG factors material to our business. We are confident that our continued efforts will have an impact on overcoming society's sustainability challenges of today and tomorrow.

1

INTRODUCTION

CIT ECOSYSTEM

Figure 1: Structure and relationship between CIT, the Manager and Cambridge Industrial Property Management Pte Ltd ("The Property Manager" or "CIPM")

UNITHOLDERS SHAREHOLDERS

80%

e-Shang Redwood Limited* ("ESR")

20%

Mitsui & Co., Ltd

MANAGER TRUSTEE

Cambridge Industrial Trust Management Limited ("CITM")

RBC Investor Services Trust Singapore Limited

Management

services

Holdings of Units

Management and other fees

Distributions

Acts on behalf of Unitholders

Trustee fees

Property management

services

Property management and other fees

Ownership of assets

NPI

SHAREHOLDER

100%

e-Shang Redwood Limited* ("ESR")

PROPERTIES

PROPERTY MANAGER

Cambridge Industrial Property Management Pte Ltd ("CIPM")

* CITM and CIPM are 80% and 100% owned respectively by Cambridge Real Estate Investment Management Pte Ltd which is indirectly owned by ESR

2 CAMBRIDGE INDUSTRIAL TRUST SUSTAINABILITY REPORT 2016

Cambridge Industrial Trust published this content on 25 April 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 24 April 2017 22:36:09 UTC.

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