The Manager
Sustainability

​Board Statement

Dear Stakeholders,

The Board of Directors (the “Board”) believes that sustainability forms a crucial part of our corporate culture and underpins the business strategy and operations of MIT. We are committed to conducting our business in an environmentally and socially responsible manner while maintaining high corporate governance standards to ensure a long-term relationship with our key stakeholders.

The Board reviews MIT’s material sustainability matters against stakeholders’ expectations, the evolving business landscape and the global sustainability trends to ensure their relevance. We consider them in the development of the Manager’s sustainability strategy, which includes the management and monitoring of material sustainability matters as well as setting targets for the forthcoming financial year.

Our approach towards sustainability is aligned with our Sponsor, Mapletree Investments Pte Ltd (the “Sponsor” or the “Mapletree Group”). The Board is supported by the Sustainability Steering Committee (“SSC”), which comprises the Chief Executive Officer of the Manager, and representatives from the Sponsor’s senior management team.

We have been making steady progress in advancing sustainable practices. Some of our key achievements in FY19/20 include:

  • reduction of average building electricity intensity by 1.9% for the existing portfolio year-on-year, from the base year of FY18/19;
  • reduction of average building water intensity by 2.4% for the existing portfolio year-on-year, from the base year of FY18/19; 
  • re-certification of BCA Green Mark Gold Award for The Signature;
  • Web Efficient Building certification for 18 Tai Seng; and
  • participation of 144 employees in the ‘Make a Wish Come True’ corporate social responsibility initiative.

To contain the spread of COVID-19, many countries have implemented strong public health measures, including lockdowns and closure of borders. The Singapore Government has also implemented a set of elevated safe distancing measures as a circuit breaker from 7 April to 1 June 2020 to pre-empt escalating infections of COVID-19. These have disrupted economic activity and resulted in cancellation of events and mass gatherings as well as implementation of safe distancing measures in public and work spaces, which will affect our stakeholders and our responses to sustainability goals. We are supporting our tenants in Singapore with a COVID-19 Assistance and Relief Programme of up to S$13.7 million. This will help to ease the pressure on our tenants from supply chain disruptions and fall in business volume as a result of the pandemic. During this circuit breaker period, our properties in Singapore remained open to support tenants who provide essential services.

We continue to safeguard the well-being of our stakeholders and ensure business continuity through the implementation of precautionary measures. These include the application of a self-disinfecting coating on high-touch surfaces in lifts, at common areas and on doors of toilets, twice daily temperature screening of management staff as well as recording travel declaration and temperature screening at selected MIT’s properties. Most of our employees are telecommuting and we have introduced the necessary remote working tools for them to remain connected and productive.

MIT’s fourth sustainability report is prepared in accordance with the Global Reporting Initiative Standards – Core and the SGX-ST Listing Rules (711A and 711B).

We remain committed to driving our sustainability agenda to deliver greater value to our stakeholders and enhance the resilience of our business.

Board of Mapletree Industrial Trust Management Ltd.

 

The latest Sustainability Report can be found here.

Back to Top