The Manager
The Manager

Board Statement

The Board of Directors (the “Board”) is pleased to present MNACT’s third Sustainability Report in accordance with the internationally recognised Global Reporting Initiatives (“GRI”) Standards (2016) – Core Option.

MNACT’s mission to deliver long-term growth in distributions is built on the management of environmental, social and governance (“ESG”) issues as an integral part of its strategy. This report sets forth on how the Manager and the Property Manager adopt ESG practices, measure performance and engage stakeholders, in line with our commitment to being a responsible corporate citizen.

During FY18/19, the Board validated the material ESG factors, which were identified by the Manager as significant to MNACT’s business. The Board also provides oversight of MNACT’s sustainability strategy through the Manager’s representation in both the Sponsor’s Sustainability Steering Committee (“SSC”) and Sustainability Working Committee (“SWC”).

The Manager and the Property Manager continued to advance sustainability efforts and these include:

  • Overhauling two cooling towers and upgrading to energy-efficient lighting at Festival Walk;
  • Tracking of utilities data using technology at Festival Walk and Sandhill Plaza;
  • Improving water efficiency by 4.0% in FY18/19 compared to FY17/18 through adopting water-saving initiatives across various assets;
  • Setting up of a cross-functional safety management committee at Festival Walk as part of our ongoing efforts to promote a strong health and safety culture;
  • Organising eight corporate social responsibility initiatives in Beijing, Hong Kong SAR, Shanghai and Singapore involving staff participation.

In this year’s report, we have also mapped the material ESG factors into seven relevant Sustainable Development Goals (“SDGs”) where we can contribute to, in support of United Nations' 2030 Agenda for Sustainable Development. We are mindful that there is still more that can be done to continue to create a positive impact on the environment and the communities. We look forward to sharing with you MNACT’s progress in the coming years as we continue to build upon our sustainability strategy for MNACT and enhance its sustainability performance.

The Board

The latest Sustainability Report can be found here .

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