Sustainability

Governance

Our Governance Structure

KIP REIT firmly believes in governance rooted in integrity and ethics. We see this as a crucial foundation for incorporating sustainability goals and objectives into our decision-making, enhancing transparency, managing risks, and ensuring long-term success.

Effective ESG management requires strong leadership to ensure that day-to-day operations and business decisions aligned with KIP REIT’s vision and sustainability goals. This approach helps build trust and confidence across all stakeholder groups.

To strengthen our approach and efficiently manage sustainability initiatives, we have implemented a three-tier sustainability governance structure. The Manager’s Board of Directors (“Board”) sits at the apex of this structure, providing overall guidance for KIP REIT’s sustainability direction. Supporting the Board is the Sustainability Working Committee ("Committee"), headed by the Chief Sustainability Officer (“CSO”). This Committee is responsible for implementing sustainability strategies, managing material sustainability matters, and developing relevant policies and targets. Furthermore, the Sustainability Working Committee, in collaboration with the CSO and the Legal Manager, will hold quarterly committee meetings to address ESG-related matters.

Roles and Responsibilities
Board of Directors
  • Oversees the management of sustainability strategies, material sustainability matters, policies, and targets.
  • Approves proposed sustainability strategies, policies, material sustainability matters, and the annual Sustainability Statement.
  • Ensures ESG-related risks and opportunities, including climate risks, are incorporated into the Manager’s strategy and risk management.
  • Considers sustainability issues when overseeing the planning, performance, and longterm strategy of the Manager.
  • Ensures effective communication of strategies, priorities, and targets to relevant stakeholders.
Sustainability Working Committee
  • Develop and implement the Company’s ESG strategy.
  • Ensure compliance with relevant regulations and alignment with corporate goals.
  • Create policies, engage stakeholders, monitor ESG metrics performance, and prepare reports.
  • Identify ESG risks and opportunities.
  • Foster a culture of sustainability and lead initiatives to reduce environmental impact and enhance social value.
  • Integrate sustainability efforts into the day-to-day operations of managing KIP REIT’s portfolio.
  • Identify ESG measures to track annually, promote ESG initiatives, and monitor and track the performance of these measures.

Sustainability Policy

KIP REIT’s Sustainability Policy ("Policy"), rooted in our ESG Framework, outlines our commitment to cultivating a resilient, high-performing corporate culture and guides our ESG strategy. This Policy forms the foundation of our ESG commitments towards long-term growth and helps integrate sustainable practices across our operations and value chain. The Board has reviewed and approved this Policy , which undergoes periodic assessments to maintain its continued relevance and applicability.

The Policy’s key objectives are:

  • Establish and monitor crucial ESG and economic indicators: These indicators reflect our environmental, social, and governance responsibilities and economic performance.
  • Achieve long-term business sustainability: We aim to weave sustainability into our operation fabric while addressing stakeholder concerns.
  • Implement sustainable business practices: Our goal is to positively impact the local economy, protect natural resources, and benefit the local community.

Commitments have been established by the Company for the respective ESG matters:

Governance

KIP REIT is dedicated to upholding high standards of corporate governance and adhering to ethical business practices to protect stakeholder values and interests. We also comply with applicable laws and regulations to minimize risks in data protection and cybersecurity.

Economic

We aim to generate value for our stakeholders through stable and regular income distribution and capital appreciation. KIP REIT is committed to providing adequate work, productive employment, and platforms for SMEs to expand their businesses within the local community.

Environment

To reduce our carbon footprint and other environmental impacts, KIP REIT is focused on implementing responsible resource management. We strive to assess and control GHG emissions arising from our business operations and promote the use of energy-efficient technology and renewable energy generation at our properties where practical.

Social

KIP REIT works to create a safe, healthy, diverse, and inclusive work environment with fair opportunities for all workers. We adhere to strict labour regulations, prioritize product quality and customer satisfaction, and conduct supplier assessments to ensure suppliers address the pertinent social criteria. We safeguard tenants through security and crime prevention strategies, and have an emergency response plan in place.