GREEN BUILDINGS | TARGET AND PERFORMANCE Energy Management Similar to the reporting scope for water withdrawal and waste generated, energy consumption1 data disclosed covers Yanlord’s Managed Properties, Hotels & Serviced Apartments in the PRC and Singapore. The respective breakdown for Managed Properties, Hotels & Serviced Apartments can be seen in the charts below. The corresponding change in energy consumption and intensity2 can also be seen in the graph below. PRC Our primary energy sources include fuel, electricity, heating, and cooling. Fuel is mainly used by company vehicles in the form of motor gasoline, while diesel is used for generators and natural gas for boilers. In the PRC, total energy consumption3 in FY 2024 increased significantly to 569 Terajoules (TJ), up from 485 TJ in FY 2023. This increase aligns with the broader trend observed in water withdrawal and waste generation, and is primarily attributed to the first full-year operation of newly added properties — including shopping malls in Haikou and Suzhou, as well as newly opened office buildings in Shenzhen. These additions led to higher occupancy rates, increased tenant activity, and greater visitor traffic, which in turn drove up electricity usage for lighting, air conditioning, escalators, and other building systems. Electricity remained the key contributor to the rise in total energy consumption. Singapore In Singapore, the main source of energy across Managed Properties and Hotels & Serviced Apartments is purchased electricity. At our Hotels & Serviced Apartments, fuel is also used for operating Company’s vehicles. In FY 2024, total energy consumption4 in Singapore was 104 TJ, up from 93 TJ in FY 2023. The increase was primarily due to higher occupancy rates in our managed commercial malls and office buildings, and the addition of Dairy Farm Mall to our managed portfolio. This resulted in higher electricity consumption, particularly for lighting, air-conditioning, and common area facilities. 1 The energy consumption of Managed Properties and Serviced Apartments covers buildings’ common area only. 2 Energy intensity is calculated based on the total energy consumption per GFA. 3 Conversion factors and calorific values involved in calculating energy consumption are obtained from standards and guidelines issued by the National Development and Reform Commission of the PRC and the Ministry of Housing and Urban-Rural Development of the PRC. 4 Conversion factors and calorific values involved in calculating energy consumption are obtained from guidelines of Singapore National Environment Agency and International Energy Agency. Hotels & Serviced Apartment Hotels & Serviced Apartment Managed Properties Managed Properties 0.31 0.44 0.71 1.52 0.18 0.47 0.74 1.96 0.31 0.38 0.82 1.13 0.40 0.39 0.67 1.19 FY 2021 FY 2022 FY 2023 FY 2024 FY 2021 FY 2022 FY 2023 FY 2024 FY 2021 FY 2022 FY 2023 FY 2024 FY 2021 FY 2022 FY 2023 FY 2024 113 62 24 55 57 24 12 25 85 10 55 59 85 42 12 26 254 20 32 53 83 96 12 2 25 339 28 35 62 71 96 13 3 27 Energy Consumption in the PRC Energy Consumption in Singapore n Fuel (TJ) n Electricity (TJ) n Cooling and heating (TJ) • Intensity (TJ/m2) 88 32 16 Contents Introduction Approach to Sustainability Upholding Good Governance Caring for Our Customers Empowering Our People Preserving Our Planet Creating Shared Value for Our Society GRI Content Index 74 Yanlord Land Group Limited Sustainability Report 2024
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