To assist the Board in overseeing its sustainability strategy, MIT’s wider sustainability governance structure comprises several other committees and includes representatives from both the Manager and the Sponsor. The wide range of roles and functions incorporated into the Manager’s sustainability governance structure ensures effective oversight of sustainability target setting and performance evaluation.

Sustainability Governance

MIT’s sustainability approach is closely aligned with that of the Sponsor’s, and its performance is benchmarked against the Sponsor’s and industry peers. The Manager is committed to broadening its business focus beyond financial returns to incorporate ESG considerations. It strives to build strong relationships with its stakeholders through the following key activities:

Mapletree ESG Framework

Materiality

The Board has reviewed and reaffirmed the continued relevance of the 11 material matters and an additional non-material matter in FY23/24, which have been grouped into four main pillars - Economic, Environmental, Social and Governance. 

The Manager mapped its material matters against the UN Sustainability Development Goals to identify areas where MIT could make the most significant contributions.

The material matters, targets and performance are summarised here.

A summary of Mapletree Group's Environmental, Social and Governance-related policies can be found here. You may also read the summary in Chinese, Japanese and Korean.