GREEN BUILDINGS | TARGET AND PERFORMANCE GHG Emissions Our GHG emissions were primarily derived from the consumption of non-renewable energy sources, including diesel, gasoline, and electricity. In addition, fugitive emissions from the use of refrigerants in air-conditioning and cooling systems also contributed to the overall emissions profile. Please refer to the charts below for a detailed breakdown of GHG emissions by Scope and overall GHG emissions intensity1 by business segment. PRC As with the increase in energy usage, total GHG emissions (Scope 12 and Scope 23 ) in FY 2024 was 77,041 tCO2e, increase from 66,355 tCO2e in FY 2023. This increase was mainly driven by higher electricity consumption, which resulted from 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 greater operational demands and increased energy use, particularly for air conditioning, lighting, and other electrical systems, which in turn contributed to the rise in Scope 2 GHG emissions. Singapore In Singapore, overall GHG emissions5 have slightly increased across our Managed Properties and Hotels & Serviced Apartments during FY 2024, rising from 10,675 tCO2e to 11,805 tCO2e. The increase was mainly driven by higher Scope 24emissions, resulting from additional electricity consumption following higher occupancy rates in our managed commercial malls and office buildings and the inclusion of Dairy Farm Mall in our managed portfolio. 1 GHG emission intensity is calculated based on the total GHG emissions (both Scope 1 and Scope 2) per GFA. 2 GHG emissions are calculated following the requirements and principles of ISO 14064-1 and Greenhouse Gas Protocol. Scope 1 emission factors are sourced from 2006 IPCC Guidelines for National Greenhouse Gas Inventories. 3 Scope 2 grid emission factors used for calculations of our portfolios in the PRC are obtained from the Average Emission Factors for National Power Grids in China published by Ministry of Ecology and Environment of the People’s Republic of China in February 2023. 4 Scope 2 grid electricity emission factors use for calculations of our portfolios in Singapore are obtained from Singapore Energy Statistics, Energy Market Authority’s annual publication on energy statistics in Singapore. 5 Discrepancies between the overall GHG emissions and the sum of GHG emissions of both business units are due to rounding adjustments. Hotels & Serviced Apartment Hotels & Serviced Apartment Managed Properties Managed Properties 0.04 0.05 0.08 0.08 0.03 0.05 0.09 0.09 0.05 0.04 0.09 0.13 0.06 0.05 0.09 0.13 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 27,103 1,374 6,194 3,281 1,809 1,388 13,826 23,725 913 6,207 3,566 14,863 3,098 1,354 42,493 3,527 6,189 5,109 15,226 4,347 139 53,527 3,655 7,144 5,461 14,398 4,512 148 GHG Emissions in the PRC GHG Emissions in Singapore n Scope 1 (tCO2e) n Scope 2 (tCO2e) • Intensity (tCO2e/m2) 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 75 Yanlord Land Group Limited Sustainability Report 2024
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