Champion REIT

Champion REIT is dedicated to embedding sustainability into our business and decision-making processes. The Board of Directors (the "Board") accounts for the oversight of the Trust's sustainability development, and strives to weave sustainability into every fabric of the operations. We assess our ESG impacts through stakeholder engagement and evaluation of other relevant materiality issues, and identify key ESG risks based on regulatory requirements and stakeholder expectations.

As the highest governance body, the Board also plays a central supporting and supervisory role in sustainability-related matters. To ensure effective oversight, the Board delegates responsibility to the Sustainability Working Group ("Working Group"), chaired by the Chief Executive Officer ("CEO") and composed of leaders of key business functions.

The Working Group reports quarterly to the Board to provide updates on sustainability strategies, priorities, and progress according to set targets. It keeps the Board informed of its work in stakeholder engagement, risk and opportunity identification, and industry standards or benchmarks related to sustainability. The Board recognises the significant progress accomplished by the Working Group during the reporting period, while also focusing on the broader horizons.

We aim to achieve the 2030 ESG Targets established in 2019 while supporting our parent group's 2045 Net Zero Commitment. We evaluate ESG performance by reviewing progress and identifying areas for improvement.

Overseeing all sustainability matters to ensure the Trust's smooth progress towards its long-term commitment, the Board leads the formulation and integration of relevant policies which are implemented throughout the Trust's robust governance structure, from management, business units to individual employees. The Board reviews 2030 ESG targets setting, risk identification and management, climate resilience and other key sustainability projects, advises on ESG task prioritisation, and takes part in progress review and recommendation. Trainings were arranged for the Board members to keep them updated and to foster their continuous professional development in tackling ESG-related risks. [...] Chaired by the CEO, the Sustainability Working Group (the "Working Group") dedicates to fulfill the responsibility to draw up the Trust's sustainability agenda. Comprised with veterans from different expertise across the Trust, the Working Group meets in a quarterly basis to gather latest happenings from senior management of core function teams, including leasing, investor relations, asset management, risk management, property management, marketing and corporate communications. Upon establishing the 2030 ESG Targets, the Working Group is delegated the responsibility to undergo detailed consideration and implement various initiatives for achieving the defined targets in adherence to the expectations collected from stakeholder engagement, materiality assessments and goals stated in United Nations' SDGs. While the Working Group supports the Board in soliciting insights on critical sustainability topics, from risk management, climate resilience to stakeholder engagement, the Board reviews and approves the Sustainability Report along with the progress on other initiatives per annum.