The Manager
The Manager

Sustainability

Board Statement

The Board is pleased to present our second sustainability report for MCT. With this report, we would like to share with our stakeholders our overarching approach to sustainability, our practices and performance, as well as our targets for the forthcoming year. This report is aligned with the SGX-ST Listing Rules Practice Note 7.6 Sustainability Reporting Guide and prepared in accordance with the Global Reporting Initiative (“GRI”) Standards (2016).

MCT’s sustainability approach is aligned with that of the Sponsor, Mapletree Investments Pte Ltd, and is premised on the recognition that environmental, social and governance (“ESG”) aspects are increasingly important. We further believe that the sustainability of the economic, environmental and social areas supports the longevity of our business, which in return enhances the creation of long-term value to our stakeholders. For these reasons, we are committed to managing the relevant ESG risks and opportunities across the portfolio to ensure the long-term well-being of our business, while contributing positively to the environment and society.

The Board considers sustainability in the formulation of MCT’s long-term strategies and oversees sustainable practices across its businesses. In discharging our responsibilities, we are supported by MCT’s representation in the Sustainability Steering Committee (“SSC”) which comprised senior management across the Group.

In our inaugural sustainability report last year, we articulated how MCT continuously strives to combine sustainable initiatives in our business that will enhance the environment and our society. These initiatives are incorporated into our daily operations from how we plan and manage our properties, how we conduct business with different stakeholders, to how we cultivate a positive work environment for all employees and create meaningful impact for the local community.

We are pleased that these initiatives and practices have achieved positive results to date. At PSA Building, for example, the Manager has undertaken a series of works to enhance the energy efficiency of the air-conditioning system. As a result of these enhancements, the efficiency of the chiller system has improved by more than 11%, translating to cost savings of approximately S$120,000 per year.

Some key achievements in FY17/18 include:

  • All our properties being accorded at least the BCA Green Mark Gold Award. MLHF, in particular, has been accorded the BCA Green Mark GoldPlus Award, an improvement from the BCA Green Mark Gold Award accorded previously;
  • Achieving a 95% participation rate in the 2017 Employee Engagement Survey;
  • Providing a total of S$252,707 worth of venue sponsorship to charitable causes; and
  • Organising two CSR initiatives with active staff participation.

As we embark on this meaningful sustainable journey, we will continue to strengthen our engagement with key stakeholders and improve our sustainability efforts and practices, with the goal of forging a long-term sustainable business.

Board of Directors

 

To access the full Sustainability Report, please click here.

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