Board Statement

MPACT navigated another year of mixed market conditions, with strong Singapore performance offsetting persistent overseas headwinds. Despite these challenges, we remained steadfast in advancing our sustainability commitments and reinforcing our business resilience.

We are pleased to present MPACT’s Sustainability Report (“SR”) for FY25/26, which details our environmental, social and governance (“ESG”) achievements guided by the four pillars of Mapletree Group’s Sustainability Framework.

Safeguarding Against the Impact of Climate Change

As part of Mapletree Group’s commitment to achieve Net Zero by 2050, we continue to advance our decarbonisation pathway. MPACT has adopted a target of 78.5% reduction for Scope 1 and Scope 2 carbon intensity by 2035 from our FY23/24 baseline, developed in alignment with the Science Based Targets initiative (“SBTi”) methodology, alongside a target of 50% renewable electricity adoption across the portfolio by 2030.

To sharpen our focus on substantive action, we also refreshed and streamlined our sustainability targets around medium and long-term horizons to provide clearer milestones for emission reduction.

This year, we completed additional solar installations at mTower and Festival Walk, adding 424 kWp of capacity and bringing our total installed solar capacity to 4,378 kWp across the portfolio. All properties maintained their green building certifications, reinforcing climate resilience.

Together with the Sponsor, we are partnering SP Group to design, build and deploy a distributed district cooling system in the HarbourFront Precinct. Instead of each building running its own chiller, this provides a centralised system that will serve five buildings including two of our assets, Bank of America HarbourFront (“BOAHF”) and VivoCity. This represents a meaningful step in achieving economies of scale, improving cooling efficiency and lowering operating costs.

We continue to leverage green and sustainable financing for our operations. As part of our streamlined targets, we are targeting green and sustainable financing to account for 50% of gross borrowings by 2030. In August 2025, we issued S$200 million of seven-year fixed rate senior green notes at 2.45% per annum for refinancing. As of 31 March 2026, MPACT has secured S$2.6 billion of green financing, representing approximately 46% of total gross borrowings.

Sustainability remains embedded in our tenant relationships, with approximately 54.0% of our portfolio’s occupied area now covered by green leases. Sustainable initiatives, such as e-waste recycling programmes, World Water Day and Earth Hour events to raise awareness on water and resource conservation, continued to be implemented for the benefit of our tenants and visitors.

Enhancing Social Value in Our Workplace and Community

Creating an inclusive and safe environment for our employees and the communities we serve remains central to our operations. In a constantly evolving landscape, continuous learning and upskilling are essential to staying relevant. Our employees completed an average of 51 hours of training per employee during FY25/26 across diverse topics ranging from digital transformation, business continuity and sustainability to personal effectiveness and communication.

We also recognise our responsibility to foster social cohesion in our communities. This year, we organised five corporate social responsibility (“CSR”) events, bringing together employees, visitors and tenants. These initiatives spanned environmental, education, arts and healthcare pillars across our operating markets, including “Hair for Hope” at VivoCity and “Money in Second Life” at Festival Walk.

Upholding High Ethical Standards

Trust is fundamental to our relationships with our stakeholders and our business. We continue to commit to high standards of ethical governance and responsible business practices, maintaining zero incidences of non-compliance with anticorruption laws and regulations. The Board holds ultimate responsibility for managing MPACT’s sustainability-related risks and opportunities. The Mapletree Group identified 12 material sustainability topics through a double materiality assessment conducted in FY24/25, which the Board reviewed in FY25/26 and confirmed that they remain material and applicable to MPACT. These topics will be monitored on an ongoing basis to ensure their relevance and alignment with MPACT’s business strategy.

Reinforcing our commitment to accountability and transparency, Mapletree Group has appointed an independent auditor to perform assurance over selected FY25/26 sustainability data across the entire group. MPACT is obtaining independent assurance for our GRESB submissions for FY25/26.

Building a Resilient Business

Operating sustainably is essential to creating long-term value to our Unitholders while delivering meaningful benefits to tenants, visitors and customers. MPACT’s inclusion in both the FTSE4Good Developed Index and FTSE4Good Developed Asia Pacific Index1 affirms our progress against global ESG benchmarks.

BOARD OF DIRECTORS

To access MPACT’s full Sustainability Report, please click here.