The Manager is part of the CapitaLand Group and our sustainability strategy is aligned to that of CapitaLand. Details can be found in the CapitaLand Limited Global Sustainability Report 2018.
CapitaLand's sustainability strategy is aligned with its credo of 'Building People. Building Communities.' CapitaLand is committed to improving the economic and social well-being of its stakeholders through the execution of development projects and management of its operations. In a rapidly changing business landscape, CapitaLand actively embraces innovation to ensure commercial viability without compromising the environment for future generations.
Ascott Residence Trust (ART) upholds high standards of corporate governance and transparency to safeguard Unitholders' interests. We have in place an adequate and effective Enterprise Risk Management framework to enhance our business resilience and agility. ART's proactive approach towards environmental, health and safety (EHS) management, which incorporates universal design into our developments, ensures that our properties are sustainable and future-proof. Policies and guidelines are put in place to ensure the efficient use of energy, water and other resources.
Our integrated human capital strategy aims to recruit, develop and motivate employees to drive growth. Community development is an important component of our commitment to sustainability. It focuses on providing support to enhance the lives of underprivileged children and vulnerable elderly, through corporate philanthropy and employee volunteerism.
CapitaLand was one of the first companies in Singapore to voluntarily publish an annual Global Sustainability Report and externally assure the entire report. Benchmarking against an international standard and framework that is externally validated helps CapitaLand to overcome the challenges in sustainability reporting that arise from its diversified asset types and geographical presence. CapitaLand is a signatory to the United Nations (UN) Global Compact and its Global Sustainability Report serves as its Communication on Progress, which is available at www.unglobalcompact.org.
For its efforts, CapitaLand is listed in the Sustainability Yearbook, Global 100 Most Sustainable Corporates, Dow Jones Sustainability World Index and Asia Pacific Index, Global Real Estate Sustainability Benchmark (5 Star), FTSE4Good Index Series, MSCI Global Sustainability Indexes, Euronext VigeoEiris Indices World 120, STOXX® Global ESG Leaders Indices.
CapitaLand's Global Sustainability Report 2018 has been published on 31 May 2019 and continues to be prepared in accordance with the Global Reporting Initiative (GRI) Standards: Core option and will also continue to apply the Guiding Principles of the International Integrated Reporting Framework and ISO 26000:2010 Guidance on Social Responsibility and reference the UN Sustainable Development Goals and the Taskforce on Climate Related Financial Disclosure. It covers CapitaLand's global portfolio and employees, as well as its listed real estate investment trusts (REITS), including Ascott Reit, unless otherwise indicated. The report is externally assured to AA1000 Assurance Standard.
This sustainability chapter references selected GRI Standards1 to report specific information and covers ART's properties from 1 January to 31 December 2018 unless otherwise indicated. The teams behind the Manager and property managers responsible for property and portfolio operations are identified as employees of ART.
1 This material references Disclosure 302-1 from GRI 302: Energy 2016, Disclosure 303-1 from GRI 303: Water 2016, Disclosure 305-1 and Disclosure 305-2 from GRI 305: Emissions 2016, Disclosure 205-1 and Disclosure 205-2 from GRI 205: Anti-Corruption 2016, Disclosure 403-1 from GRI 403: Occupational health & injury 2016 and Disclosure 405-1 from GRI 405: Diversity 2016.