The Boards of Directors (the "Boards") are pleased to issue CDL Hospitality Trusts' ("CDLHT") Sustainability Report ("Report") for the financial year ended 31 December 2024 ("FY 2024"). This Report outlines CDLHT's vision, strategies, and progress in key areas such as climate change, resource efficiency, and human capital development. It also details our performance against established targets, reflecting our commitment to continuous improvement and transparency in sustainability reporting. The Board believes sustainability is essential to CDLHT's business and its long-term value creation. In April 2024, we established the Board Sustainability Committees ("BSCs") to drive the advancement of our ESG commitments. The Committees are responsible for overseeing sustainability initiatives, ensuring compliance with environmental, social, and governance standards, and integrating sustainable practices into the company's long-term strategies.

As one of Asia's leading hospitality trusts with approximately S$3.5 billion in assets under management as at 31 December 2024, we recognise that sustainability is integral to both long-term business resilience and global environmental stewardship. Our sustainability strategy is firmly aligned with evolving regulatory requirements and global sustainability standards, including the Singapore Exchange ("SGX") sustainability reporting guidelines. Through proactive integration of ESG considerations into our business operations, we ensure compliance with regulations while upholding strong corporate governance, integrity, and responsible business practices. In 2024, CDLHT improved 22 places to place second in the Singapore Governance and Transparency Index ("SGTI")⁽¹⁾ 2024 - REIT and Business Trust Category. Additionally, we were honoured to have received the prestigious Shareholder Communications Excellence Awards (REITs & Business Trusts Category) at the Securities Investors Association (Singapore) Investors' Choice Awards 2024.

Despite an increasingly complex and dynamic operating landscape, CDLHT remains steadfast in advancing our sustainability agenda. We continuously evaluate our performance against internationally recognized frameworks to ensure we meet and exceed expectations set by regulators and stakeholders. This year, we have further enhanced our sustainability disclosures, including expanding our greenhouse gas ("GHG") emissions reporting to cover the full scope of CO₂ emissions. We also continue to drive improvements in energy efficiency and environmental stewardship, setting clear reduction targets and implementing best practices across our portfolio.

Beyond environmental considerations, our business is fundamentally people centric. We prioritize the health, safety, and well-being of all stakeholders while fostering positive societal impact. The Managers and the properties actively collaborate with local charitable and social organisations, demonstrating responsible corporate citizenship and reinforcing our commitment to community engagement.

Looking ahead, CDLHT remains dedicated to strengthening our sustainability initiatives in alignment with global best practices and regulatory expectations. We will continue refining our strategies to enhance our environmental, economic, and social contributions while ensuring the long-term value creation for our stakeholders.

Board of Directors
REIT Manager Board
Trustee-Manager Board

Click here for full details of Sustainability Report.